The global mobile phone insurance market size is expected to reach USD 42.6 billion by 2025, registering a CAGR of 12.7% over the forecast period, according to a new study by Radiant Insights, Inc. An increasing number of smartphone users is expected to drive the market growth over the forecast period. The market growth can also be ascribed to the growing demand for smartphones that are used for entertainment, education, news, and digital transactions.
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Additionally, growing smartphone penetration, as well as mobile applications, is expected to favor the market growth. Convenient claim service is also expected to contribute to the overall market growth over the forecast period. Mobile phone insurance helps avoid expensive replacement costs incurred due to the loss or breakdown of mobile phones. Damages such as physical damage & electronic damage, theft protection, and cyber-threat protection are usually covered under a mobile phone insurance policy. This is anticipated to encourage customers to opt for such insurance policies over the forecast period.
Big data analytics is also playing a pivotal role in driving the market growth. The technology helps flag claims for priority handling or proactively monitor risks to reduce financial losses. Therefore, phone insurance providers are anticipated to widely adopt analytics over the coming years. Furthermore, there is an increase in the purchase of mobile phones through online platforms. This is encouraging e-commerce companies to collaborate with insurance providers. For instance, in October 2018, Flipkart ventured into a partnership with Bajaj Allianz to offer customized insurance solutions and boost Bajaj Allianz mobile phone protection program. Moreover, these collaborations enable the partnered companies to increase their customer base across the globe.
Further key findings from the study suggest:
• The mobile phone insurance market is anticipated to witness substantial growth owing to an increasing number of smartphone users and collaborations among manufacturers & insurance providers
• The physical damage segment accounted for the highest market share in 2018. The users mostly opt for plans that cover repair and replacement costs
• The premium smartphone segment accounted for a significant market share in 2018owing to the rapidly increasing cost of smartphones and rise in the number of physical & technical damages
• The growth of the North American market can be attributed to the presence of a large number of insurance providers and higher smartphone penetration in the U.S.
• The key players in the market include AmTrust Financial; Assurant, Inc.; Asurion; and AT&T Inc., among others.
Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/mobile-phone-insurance-market
Table of Contents
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope and Assumptions
1.3. List of Data Sources
1.4. List of Abbreviations
Chapter 2. Executive Summary
2.1. Market Summary
2.2. Mobile Phone Insurance Market, 2015 - 2025
Chapter 3. Market Variables, Trends, and Scope Outlook
3.1. Market Segmentation
3.2. Market Size and Growth Prospects, 2015 - 2025
3.3. Value Chain Analysis
3.4. Market Dynamics
3.4.1. Market driver analysis
3.4.2. Market restraint analysis
3.4.3. Market opportunity analysis
3.5. Penetration & Growth Prospects Mapping
3.6. Industry Analysis - Porter's Five Forces Analysis
3.7. PEST Analysis
Chapter 4. Mobile Phone Insurance Coverage Outlook
4.1. Mobile Phone Insurance Market, By Coverage, 2018 & 2025
4.2. Physical Damage
4.2.1. Market estimates and forecasts, 2015 - 2025 (USD Billion)
4.2.2. Market estimates and forecasts, by region, 2015 - 2025 (USD Billion)
4.3. Internal Component Failure
4.3.1. Market estimates and forecasts, 2015 - 2025 (USD Billion)
4.3.2. Market estimates and forecasts, by region, 2015 - 2025 (USD Billion)
4.4. Theft & Loss Protection
4.4.1. Market estimates and forecasts, 2015 - 2025 (USD Billion)
4.4.2. Market estimates and forecasts, by region, 2015 - 2025 (USD Billion)
4.5. Virus & Data Protection
4.5.1. Market estimates and forecasts, 2015 - 2025 (USD Billion)
4.5.2. Market estimates and forecasts, by region, 2015 - 2025 (USD Billion)
4.6. Others
4.6.1. Market estimates and forecasts, 2015 - 2025 (USD Billion)
4.6.2. Market estimates and forecasts, by region, 2015 - 2025 (USD Billion)
Chapter 5. Mobile Phone Insurance Phone Type Outlook
5.1. Mobile Phone Insurance Market, By Phone Type, 2018 & 2025
5.2. Budget Phones
5.2.1. Market estimates and forecasts, 2015 - 2025 (USD Billion)
5.2.2. Market estimates and forecasts, by region, 2015 - 2025 (USD Billion)
5.3. Mid & High-end Smartphones
5.3.1. Market estimates and forecasts, 2015 - 2025 (USD Billion)
5.3.2. Market estimates and forecasts, by region, 2015 - 2025 (USD Billion)
5.4. Premium Smartphones
5.4.1. Market estimates and forecasts, 2015 - 2025 (USD Billion)
5.4.2. Market estimates and forecasts, by region, 2015 - 2025 (USD Billion)
Read all Reports of this category @ https://www.radiantinsights.com/catalog/consumer-goods
About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assists and facilitate organizations and individuals procure market research reports, helping them in the decisions making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Phone: (415) 349-0054
Toll Free: 1-888-928-9744
Address: 201 Spear Street 1100, Suite 3036,
City: San Francisco; State: California; Country: United States
Email: sales@radiantinsights.com
Website: https://www.radiantinsights.com/
Download Free Sample Report @ https://www.radiantinsights.com/research/mobile-phone-insurance-market/request-sample
 |
| Mobile Phone Insurance Market |
Additionally, growing smartphone penetration, as well as mobile applications, is expected to favor the market growth. Convenient claim service is also expected to contribute to the overall market growth over the forecast period. Mobile phone insurance helps avoid expensive replacement costs incurred due to the loss or breakdown of mobile phones. Damages such as physical damage & electronic damage, theft protection, and cyber-threat protection are usually covered under a mobile phone insurance policy. This is anticipated to encourage customers to opt for such insurance policies over the forecast period.
Big data analytics is also playing a pivotal role in driving the market growth. The technology helps flag claims for priority handling or proactively monitor risks to reduce financial losses. Therefore, phone insurance providers are anticipated to widely adopt analytics over the coming years. Furthermore, there is an increase in the purchase of mobile phones through online platforms. This is encouraging e-commerce companies to collaborate with insurance providers. For instance, in October 2018, Flipkart ventured into a partnership with Bajaj Allianz to offer customized insurance solutions and boost Bajaj Allianz mobile phone protection program. Moreover, these collaborations enable the partnered companies to increase their customer base across the globe.
Further key findings from the study suggest:
• The mobile phone insurance market is anticipated to witness substantial growth owing to an increasing number of smartphone users and collaborations among manufacturers & insurance providers
• The physical damage segment accounted for the highest market share in 2018. The users mostly opt for plans that cover repair and replacement costs
• The premium smartphone segment accounted for a significant market share in 2018owing to the rapidly increasing cost of smartphones and rise in the number of physical & technical damages
• The growth of the North American market can be attributed to the presence of a large number of insurance providers and higher smartphone penetration in the U.S.
• The key players in the market include AmTrust Financial; Assurant, Inc.; Asurion; and AT&T Inc., among others.
Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/mobile-phone-insurance-market
Table of Contents
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope and Assumptions
1.3. List of Data Sources
1.4. List of Abbreviations
Chapter 2. Executive Summary
2.1. Market Summary
2.2. Mobile Phone Insurance Market, 2015 - 2025
Chapter 3. Market Variables, Trends, and Scope Outlook
3.1. Market Segmentation
3.2. Market Size and Growth Prospects, 2015 - 2025
3.3. Value Chain Analysis
3.4. Market Dynamics
3.4.1. Market driver analysis
3.4.2. Market restraint analysis
3.4.3. Market opportunity analysis
3.5. Penetration & Growth Prospects Mapping
3.6. Industry Analysis - Porter's Five Forces Analysis
3.7. PEST Analysis
Chapter 4. Mobile Phone Insurance Coverage Outlook
4.1. Mobile Phone Insurance Market, By Coverage, 2018 & 2025
4.2. Physical Damage
4.2.1. Market estimates and forecasts, 2015 - 2025 (USD Billion)
4.2.2. Market estimates and forecasts, by region, 2015 - 2025 (USD Billion)
4.3. Internal Component Failure
4.3.1. Market estimates and forecasts, 2015 - 2025 (USD Billion)
4.3.2. Market estimates and forecasts, by region, 2015 - 2025 (USD Billion)
4.4. Theft & Loss Protection
4.4.1. Market estimates and forecasts, 2015 - 2025 (USD Billion)
4.4.2. Market estimates and forecasts, by region, 2015 - 2025 (USD Billion)
4.5. Virus & Data Protection
4.5.1. Market estimates and forecasts, 2015 - 2025 (USD Billion)
4.5.2. Market estimates and forecasts, by region, 2015 - 2025 (USD Billion)
4.6. Others
4.6.1. Market estimates and forecasts, 2015 - 2025 (USD Billion)
4.6.2. Market estimates and forecasts, by region, 2015 - 2025 (USD Billion)
Chapter 5. Mobile Phone Insurance Phone Type Outlook
5.1. Mobile Phone Insurance Market, By Phone Type, 2018 & 2025
5.2. Budget Phones
5.2.1. Market estimates and forecasts, 2015 - 2025 (USD Billion)
5.2.2. Market estimates and forecasts, by region, 2015 - 2025 (USD Billion)
5.3. Mid & High-end Smartphones
5.3.1. Market estimates and forecasts, 2015 - 2025 (USD Billion)
5.3.2. Market estimates and forecasts, by region, 2015 - 2025 (USD Billion)
5.4. Premium Smartphones
5.4.1. Market estimates and forecasts, 2015 - 2025 (USD Billion)
5.4.2. Market estimates and forecasts, by region, 2015 - 2025 (USD Billion)
Read all Reports of this category @ https://www.radiantinsights.com/catalog/consumer-goods
About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assists and facilitate organizations and individuals procure market research reports, helping them in the decisions making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Phone: (415) 349-0054
Toll Free: 1-888-928-9744
Address: 201 Spear Street 1100, Suite 3036,
City: San Francisco; State: California; Country: United States
Email: sales@radiantinsights.com
Website: https://www.radiantinsights.com/
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