Mobile Phone Insurance Market Forecast Analysis by Manufacturer, Types, Applications and Regions 2019 – 2028

Posted on 2020-06-17 by researchinsights in Consumer Services // 0 Comments

17th June 2020 – Global Mobile Phone Insurance Market is anticipated to witness an exponential growth in the forecast period. Mobile phone insurance refers to monetary coverage applicable when a mobile is lost, stolen or damaged, or any technical or physical damage is encountered. Factors such as increasing standard of living, rising disposable income, increasing spending on electronic gadgets are expected to drive the market. In addition, growing awareness among the population, low cost of mobile phone insurance, letting users securely back-up their phone data online, increasing incidences of accidental damage, phone thefts, loss of device and device malfunction are likely to be the other driving factors.

On the other hand, threat of virus infection and technical problems also lead the clients to invest huge amounts in repairing the device are anticipated to hinder the market growth in future. Mobile phone insurance market is anticipated to expand at a significant CAGR in the upcoming period as the scope, product types and its applications are increasing across the globe.

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Mobile phone insurance market is segmented by type, application, distribution channel, and geography. Market is segmented by type as OEM-Provided, Banks and Wireless Carrier. The key applications segmented in this market include Theft, Lost, Damage and Other. The “Damage” segment accounted for a prominent share in the market. It is likely to witness substantial growth in the years to come.

The mobile phone insurance market is segmented based on distribution channel as Direct Channel and Distribution Channel. The “Direct Channel” segment accounted for a prominent share in the market. It is likely to witness substantial growth in the years to come.

Leading players of Mobile Phone Insurance including:

AIG
Allianz Insurance
AmTrust International Underwriters
Apple
AT&T
AXA
Deutsche Telekom
Liberty Mutual Insurance Group
Pier Insurance Managed Services
Samsung Electronics
SoftBank Corporation
Sprint Corporation
Telefonica Insurance S.A
Verizon Communications
Vodafone Group
Xiaomi
Orange
Aviva

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Market split by Sales Channel, can be divided into:

Direct Channel
Distribution Channel

Market segment by Region/Country including:

North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Spain etc.)
Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
South America Brazil, Argentina, Colombia and Chile etc.)
Middle East & Africa (South Africa, Egypt, Nigeria and Saudi Arabia etc.)

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