Published on : Jul 26, 2017
Albany, New York, July 26, 2017: With the rise in the demand of the smartphones, mobile phone insurance has also gained great demand. The recent increase in the number of smartphone users who prefer to have a compulsory insurance for cell phones is the major factor for the market’s growth of mobile phone insurance ecosystem market, finds a new study added to the massive database of Market Research Hub (MRH). The study is titled as “2017-2022 Mobile Phone Insurance Ecosystem System Report on Global and United States Market, Status and Forecast, by Players, Types and Applications” which presents an in-depth assessment of the mobile phone insurance ecosystem including market drivers, challenges, opportunities, value chain, future roadmap, leading players and key strategies.
Now it’s time to get more secure one’s mobile phone with the policy like mobile phone insurance, which has been proven as an ultimate tool for the consumers. Most of the major retailers, wireless carriers, insurance specialists, device OEMs, etc., are now offering insurance policies that cover loss, malfunctions, damage as well as theft of mobile phones. The study starts by highlighting the market overview along with market segmentation. Presently, different mobile insurance policies are provided to the individuals in which they can get a plenty of beneficial offers. In order to increase the uptake of mobile insurance, many mobile phone insurance policies now incorporate added safety features, e.g. backup facilities or data recovery, along with improved technical support, allowing customers to safely back up their mobile phone data online.
Moreover, this study highlights market status and outlook of global and United States, from angles of players, regions, product types and end industries. In terms of geography, the study has been segmented into top six major regions, which include Asia-Pacific, North America, United States, Europe, South America and Middle East and Africa. For each region, the research analyzes sales, revenue, market share (%) and growth rate (%). On the basis of product, the market covers OEM Provided, Banks and Wireless Carrier. Additionally, major end-user/applications are lost, theft, damage and others.
As per the findings, North America, especially The United States plays a vital role in global market, with market size of higher value in USD in 2016 and estimated to expand rapidly at a remarkable value USD in 2022, with a double digit CAGR. As the cases of mobile-thefts are on a rise in the U.S., mobile phone insurance is coming as a smart solution for the phone-users. Also, the Asia-Pacific will occupy for more market share till 2022.
At present, the major players in global and United States Mobile Phone Insurance Ecosystem System market, including AIG, Pier Insurance Managed Services, Sprint Corporation, Allianz Insurance, AmTrust International Underwriters, Aviva, Apple, AT&T, AXA, Deutsche Telekom, Samsung Electronics, Liberty Mutual Insurance Group, SoftBank Corporation, Telefnica Insurance, Verizon Communications, Vodafone Group, Xiaomi and Orange.
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