Press release
Mobile Phone Insurance Market Size is forecasted to reach a value of 𝐔𝐒𝐃 𝟕𝟐.𝟓𝟓 B𝐢𝐥𝐥𝐢𝐨𝐧 by 2032
𝐀𝐜𝐜𝐨𝐫𝐝𝐢𝐧𝐠 𝐭𝐨 𝐫𝐞𝐜𝐞𝐧𝐭 𝐦𝐚𝐫𝐤𝐞𝐭 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡, 𝐌𝐨𝐛𝐢𝐥𝐞 𝐏𝐡𝐨𝐧𝐞 𝐈𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐰𝐚𝐬 𝐯𝐚𝐥𝐮𝐞𝐝 𝐚𝐭 𝐔𝐒𝐃 𝟐𝟕.𝟒𝟔 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝟐𝟎𝟐𝟑 𝐚𝐧𝐝 𝐢𝐬 𝐞𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐠𝐫𝐨𝐰 𝐭𝐨 𝐔𝐒𝐃 𝟕𝟐.𝟓𝟓 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐚𝐭 𝐚 𝐂𝐀𝐆𝐑 𝐨𝐟 𝟏𝟏.𝟓% 𝐝𝐮𝐫𝐢𝐧𝐠 𝐭𝐡𝐞 𝐟𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐩𝐞𝐫𝐢𝐨𝐝.
𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.polarismarketresearch.com/industry-analysis/mobile-phone-insurance-market/request-for-sample
Mobile phone insurance, also known as service agreements, is coverage that cell phone owners obtain to shield their devices from various losses and damages. The insured party is given coverage in the event of damage, fire, theft, accident, and other unforeseen events. In the unlikely event that a consumer's mobile phone is lost or breaks, mobile phone insurance helps them avoid having to pay high replacement prices.
𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡 𝐀𝐬𝐩𝐞𝐜𝐭𝐬
Throughout the projected period, the growing frequency of thefts, unintentional damage, device malfunctions, and virus infections is expected to drive market expansion. Mobile phones are also vulnerable to both physical and technological damage. Case problems, excessive dust, or dirt exposure may harm the Printed Circuit Board (PCB) and other components. Users are exposed to serious risks as a result of these damages, which will raise demand for mobile phone insurance during the predicted period.
𝐌𝐚𝐣𝐨𝐫 𝐏𝐥𝐚𝐲𝐞𝐫𝐬
Industry players are using inorganic growth tactics, such as mergers, acquisitions, and partnerships, to increase their market share. Several prominent entities functioning within the worldwide mobile phone insurance market comprise:
• Apple Inc.
• American International Group, Inc.
• Assurant, Inc
• Asurion
• AT&T Intellectual Property.
• AmTrust Financial
• Brightstar Corp.
• GoCare Warranty Group
• SquareTrade, Inc.
• Taurus Insurance Services Limited
𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐃𝐚𝐭𝐚
• In 2022, North America held the largest share of the market. The proliferation of mobile phone insurance companies and the increase in smartphone-related crimes in the United States and Canada are the main causes of this surge.
• The Asia-Pacific region is anticipated to grow quickly. Growth is anticipated to be significantly aided by partnerships between insurance companies like Bajaj Allianz and e-commerce sites like Flipkart to offer mobile phone insurance.
𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:
𝐁𝐲 𝐏𝐡𝐨𝐧𝐞 𝐓𝐲𝐩𝐞:
• Budget phones
• Mid & high-end phones
• Premium smartphones
𝐁𝐲 𝐂𝐨𝐯𝐞𝐫𝐚𝐠𝐞
• Physical damage
• Internal component failure
• Theft & loss protection
• Virus & data protection
• Others
𝐁𝐲 𝐑𝐞𝐠𝐢𝐨𝐧
• North America (U.S., Canada)
• Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
• Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
• Latin America (Brazil, Mexico, Argentina)
• Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
𝐁𝐮𝐲 𝐭𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.polarismarketresearch.com/Homecontroller/buyReport
𝐌𝐨𝐛𝐢𝐥𝐞 𝐏𝐡𝐨𝐧𝐞 𝐈𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬
• Physical damage segment held the largest share, as users mostly cover for hardware repairing or replacement
• Premium segment dominated the market, as there is rapid sure in purchase in high end phones in emerging nation, among expanding middle income base population
• North America dominated the market, due to presence of many insurance providers, and penetration of premium phones
• The global players include Apple, Assurant, Asurion, AT&T Intellectual, AmTrust Financial, Brightstar Corp., GoCare Warranty, and SquareTrade.
𝐑𝐞𝐚𝐬𝐨𝐧𝐬 𝐭𝐨 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐌𝐨𝐛𝐢𝐥𝐞 𝐏𝐡𝐨𝐧𝐞 𝐈𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭:
• Upgrade your market research resources with this comprehensive and accurate report on the Mobile Phone Insurance Market Report.
• Get Detail understanding of market scenarios and future market situations to prepare for rising above the challenges and ensuring strong growth.
• The report offers in-depth research and various tendencies of the Mobile Phone Insurance Market Report.
• It provides a detailed analysis of changing market trends, current and future technologies used, and various strategies adopted by leading players of the Mobile Phone Insurance Market Report.
• It offers recommendations and advice for new entrants of the Mobile Phone Insurance Market Report and carefully guides established players for further market growth.
• Apart from the newest technological advances in the Mobile Phone Insurance Market Report, it brings to light the future plans of dominant players in the industry.
𝐅𝐀𝐐'𝐬:
• What are the key factors impacting the Mobile Phone Insurance Market?
• Which companies play a major role as primary contributors in this industry?
• What opportunities, risks, and overall structure characterize the market?
• How do the leading Mobile Phone Insurance Market companies compare in terms of sales, revenue, and pricing?
• Who are the distributors, traders, and dealers serving in the Mobile Phone Insurance Market?
• How are market types, applications, and transactions explored in terms of deals, revenue, and value?
• What implications do assessments of agreements, income, and value hold for a business area?
𝐂𝐥𝐢𝐜𝐤 𝐡𝐞𝐫𝐞 𝐭𝐨 𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐡𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.polarismarketresearch.com/industry-analysis/mobile-phone-insurance-market
𝐓𝐨𝐩 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐨𝐟 𝐏𝐨𝐥𝐚𝐫𝐢𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:
𝐈𝐨𝐓 𝐏𝐫𝐨𝐟𝐞𝐬𝐬𝐢𝐨𝐧𝐚𝐥 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭:
https://www.polarismarketresearch.com/industry-analysis/iot-professional-services-market
𝐌𝐨𝐛𝐢𝐥𝐞 𝐕𝐢𝐝𝐞𝐨 𝐒𝐮𝐫𝐯𝐞𝐢𝐥𝐥𝐚𝐧𝐜𝐞 𝐌𝐚𝐫𝐤𝐞𝐭:
https://www.polarismarketresearch.com/industry-analysis/mobile-video-surveillance-market
𝐆𝐞𝐧𝐞𝐫𝐚𝐭𝐢𝐯𝐞 𝐀𝐈 𝐌𝐚𝐫𝐤𝐞𝐭:
https://www.polarismarketresearch.com/industry-analysis/generative-ai-market
𝐎𝐩𝐞𝐧 𝐒𝐨𝐮𝐫𝐜𝐞 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭:
https://www.polarismarketresearch.com/industry-analysis/open-source-services-market
𝟑𝐃 𝐒𝐞𝐜𝐮𝐫𝐞 𝐏𝐚𝐲𝐦𝐞𝐧𝐭 𝐀𝐮𝐭𝐡𝐞𝐧𝐭𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭:
https://www.polarismarketresearch.com/industry-analysis/3d-secure-payment-authentication-market
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐈𝐧𝐟𝐨:
Polaris Market Research
30 Wall Street, 8th Floor,
New York City, NY 10005,
United States
Phone:+1-929 297-9727
Email: sales@polarismarketresearch.com
𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:
Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defence, among different ventures present globally.
𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.polarismarketresearch.com/industry-analysis/mobile-phone-insurance-market/request-for-sample
Mobile phone insurance, also known as service agreements, is coverage that cell phone owners obtain to shield their devices from various losses and damages. The insured party is given coverage in the event of damage, fire, theft, accident, and other unforeseen events. In the unlikely event that a consumer's mobile phone is lost or breaks, mobile phone insurance helps them avoid having to pay high replacement prices.
𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡 𝐀𝐬𝐩𝐞𝐜𝐭𝐬
Throughout the projected period, the growing frequency of thefts, unintentional damage, device malfunctions, and virus infections is expected to drive market expansion. Mobile phones are also vulnerable to both physical and technological damage. Case problems, excessive dust, or dirt exposure may harm the Printed Circuit Board (PCB) and other components. Users are exposed to serious risks as a result of these damages, which will raise demand for mobile phone insurance during the predicted period.
𝐌𝐚𝐣𝐨𝐫 𝐏𝐥𝐚𝐲𝐞𝐫𝐬
Industry players are using inorganic growth tactics, such as mergers, acquisitions, and partnerships, to increase their market share. Several prominent entities functioning within the worldwide mobile phone insurance market comprise:
• Apple Inc.
• American International Group, Inc.
• Assurant, Inc
• Asurion
• AT&T Intellectual Property.
• AmTrust Financial
• Brightstar Corp.
• GoCare Warranty Group
• SquareTrade, Inc.
• Taurus Insurance Services Limited
𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐃𝐚𝐭𝐚
• In 2022, North America held the largest share of the market. The proliferation of mobile phone insurance companies and the increase in smartphone-related crimes in the United States and Canada are the main causes of this surge.
• The Asia-Pacific region is anticipated to grow quickly. Growth is anticipated to be significantly aided by partnerships between insurance companies like Bajaj Allianz and e-commerce sites like Flipkart to offer mobile phone insurance.
𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:
𝐁𝐲 𝐏𝐡𝐨𝐧𝐞 𝐓𝐲𝐩𝐞:
• Budget phones
• Mid & high-end phones
• Premium smartphones
𝐁𝐲 𝐂𝐨𝐯𝐞𝐫𝐚𝐠𝐞
• Physical damage
• Internal component failure
• Theft & loss protection
• Virus & data protection
• Others
𝐁𝐲 𝐑𝐞𝐠𝐢𝐨𝐧
• North America (U.S., Canada)
• Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
• Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
• Latin America (Brazil, Mexico, Argentina)
• Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
𝐁𝐮𝐲 𝐭𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.polarismarketresearch.com/Homecontroller/buyReport
𝐌𝐨𝐛𝐢𝐥𝐞 𝐏𝐡𝐨𝐧𝐞 𝐈𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬
• Physical damage segment held the largest share, as users mostly cover for hardware repairing or replacement
• Premium segment dominated the market, as there is rapid sure in purchase in high end phones in emerging nation, among expanding middle income base population
• North America dominated the market, due to presence of many insurance providers, and penetration of premium phones
• The global players include Apple, Assurant, Asurion, AT&T Intellectual, AmTrust Financial, Brightstar Corp., GoCare Warranty, and SquareTrade.
𝐑𝐞𝐚𝐬𝐨𝐧𝐬 𝐭𝐨 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐌𝐨𝐛𝐢𝐥𝐞 𝐏𝐡𝐨𝐧𝐞 𝐈𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭:
• Upgrade your market research resources with this comprehensive and accurate report on the Mobile Phone Insurance Market Report.
• Get Detail understanding of market scenarios and future market situations to prepare for rising above the challenges and ensuring strong growth.
• The report offers in-depth research and various tendencies of the Mobile Phone Insurance Market Report.
• It provides a detailed analysis of changing market trends, current and future technologies used, and various strategies adopted by leading players of the Mobile Phone Insurance Market Report.
• It offers recommendations and advice for new entrants of the Mobile Phone Insurance Market Report and carefully guides established players for further market growth.
• Apart from the newest technological advances in the Mobile Phone Insurance Market Report, it brings to light the future plans of dominant players in the industry.
𝐅𝐀𝐐'𝐬:
• What are the key factors impacting the Mobile Phone Insurance Market?
• Which companies play a major role as primary contributors in this industry?
• What opportunities, risks, and overall structure characterize the market?
• How do the leading Mobile Phone Insurance Market companies compare in terms of sales, revenue, and pricing?
• Who are the distributors, traders, and dealers serving in the Mobile Phone Insurance Market?
• How are market types, applications, and transactions explored in terms of deals, revenue, and value?
• What implications do assessments of agreements, income, and value hold for a business area?
𝐂𝐥𝐢𝐜𝐤 𝐡𝐞𝐫𝐞 𝐭𝐨 𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐡𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.polarismarketresearch.com/industry-analysis/mobile-phone-insurance-market
𝐓𝐨𝐩 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐨𝐟 𝐏𝐨𝐥𝐚𝐫𝐢𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:
𝐈𝐨𝐓 𝐏𝐫𝐨𝐟𝐞𝐬𝐬𝐢𝐨𝐧𝐚𝐥 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭:
https://www.polarismarketresearch.com/industry-analysis/iot-professional-services-market
𝐌𝐨𝐛𝐢𝐥𝐞 𝐕𝐢𝐝𝐞𝐨 𝐒𝐮𝐫𝐯𝐞𝐢𝐥𝐥𝐚𝐧𝐜𝐞 𝐌𝐚𝐫𝐤𝐞𝐭:
https://www.polarismarketresearch.com/industry-analysis/mobile-video-surveillance-market
𝐆𝐞𝐧𝐞𝐫𝐚𝐭𝐢𝐯𝐞 𝐀𝐈 𝐌𝐚𝐫𝐤𝐞𝐭:
https://www.polarismarketresearch.com/industry-analysis/generative-ai-market
𝐎𝐩𝐞𝐧 𝐒𝐨𝐮𝐫𝐜𝐞 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭:
https://www.polarismarketresearch.com/industry-analysis/open-source-services-market
𝟑𝐃 𝐒𝐞𝐜𝐮𝐫𝐞 𝐏𝐚𝐲𝐦𝐞𝐧𝐭 𝐀𝐮𝐭𝐡𝐞𝐧𝐭𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭:
https://www.polarismarketresearch.com/industry-analysis/3d-secure-payment-authentication-market
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐈𝐧𝐟𝐨:
Polaris Market Research
30 Wall Street, 8th Floor,
New York City, NY 10005,
United States
Phone:+1-929 297-9727
Email: sales@polarismarketresearch.com
𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:
Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defence, among different ventures present globally.
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