Mobile insurance refers to a type of insurance cover which is available to protect your mobile, iPhone or PDA in the event it is lost, stolen or accidentally damaged, either in the domestic area or overseas. Mobile insurance cover can be taken out on a monthly or annual basis paid by direct debit or in some cases by credit card, some insurers offer an automatic renewal service when the policy expires.
Market Data Analysis:
The Mobile Phone Insurance Ecosystem market is projected to be valued at USD 2,777 million in 2019 and is anticipated to generate revenue of USD 5,289 million by the end of 2026, progressing at a GAGR of 9.64% between 2019 and 2026. Mobile Phone Insurance Ecosystem global market is significantly rising across the globe on the back of increasing smartphone penetration globally and the need to secure phones from any kind of damage or theft/stolen or lost. Moreover, rising disposable income of the individuals and increasing Bring Your Own Device (BYOD) policy are also projected to propel the growth of the market. With the recovery of the global economy and the development of emerging powers, the Mobile Phone Insurance Ecosystem market is endowed with a promising future.
Geographically, the Mobile Phone Insurance Ecosystem global market is divided into North America, Asia-Pacific, Europe, Latin America, and the Middle East and Africa. North America was the major revenue generating region in 2018 with a share of 33.94% and is expected to garner growth in the coming years. This can be attributed to the availability of insurance plans offered by major mobile phone operators, various domestic companies, retailers and even the country’s banks in this region. Europe is currently leading Asia-Pacific with a share of 30.80% and 28.50%. The growth of the insurance industry in European countries (especially the UK and France) and increasing cases of smartphone theft are anticipated to boost the growth of the market in Europe.
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Global Mobile Phone Insurance Ecosystem market: Type segments
- Physical Damage
- Theft & Loss
The Theft & Loss segment is expected to account for the largest market share during the forecast period, owing to the increasing incidence of theft & loss across the globe.
Global Mobile Phone Insurance Ecosystem market: Application segments
- Mobile Operators
- Device OEMs
- Retailers & Others
Global Mobile Phone Insurance Ecosystem market: regional segments
- North America (United States, Canada, and Mexico)
- Europe (Germany, France, UK, Russia, and Italy)
- Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
- South America (Brazil, Argentina, Columbia)
- The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
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To gain insight into the competitive landscape, the report includes an overview of key players in the Mobile Phone Insurance Ecosystem market, including AmTrust International Underwriters, Assurant, Asurion, Aviva, Brightstar Corporation, Geek Squad, GoCare Warranty Group, Apple Inc., American International Group, Inc., Chubb Limited, etc. These participants have adopted various growth strategies to meet the growing demand for Mobile Phone Insurance Ecosystem market and to increase their market share.
Mobile Phone Insurance Ecosystem Market Intended Audience:
- Mobile Phone Insurance Ecosystem manufacturers
- Mobile Phone Insurance Ecosystem importers and exporters
- Mobile Phone Insurance Ecosystem traders, distributors, and suppliers
- Mobile Phone Insurance Ecosystem industry associations
- Product managers, Mobile Phone Insurance Ecosystem industry administrator, C-level executives of the industries
- Market Research and consulting firms
- Small and Medium-sized Enterprises (SMEs)
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Mobile Phone Insurance Ecosystem Market
2 Market Trends and Competitive Landscape
3 Segmentation of Mobile Phone Insurance Ecosystem Market by Types
4 Segmentation of Mobile Phone Insurance Ecosystem Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Mobile Phone Insurance Ecosystem Market in Major Countries
7 North America Mobile Phone Insurance Ecosystem Landscape Analysis
8 Europe Mobile Phone Insurance Ecosystem Landscape Analysis
9 Asia Pacific Mobile Phone Insurance Ecosystem Landscape Analysis
10 Latin America, Middle East & Africa Mobile Phone Insurance Ecosystem Landscape Analysis
11 Major Players Profile
11.1 AmTrust International Underwriters
11.1.1 AmTrust International Underwriters Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.5 Brightstar Corporation
11.6 Geek Squad
11.7 GoCare Warranty Group
11.8 Apple Inc.
11.9 American International Group, Inc.
11.10 Chubb Limited
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