The Final
Report will cover the analysis of the Impact of Covid-19 on this industry.
Market Analysis and Insights : Global Mobile Phone
Insurance Market
Mobile phone insurance is called
service contract, which provides component fix repair service for phones sold
by retailers, and service providers. It often provides additional coverage of
phones such as unauthorized usage, malicious damage, e-wallet payments, or
theft. Mobile phone insurance also covers the cost and inconvenience of
mechanical and electrical failures. Factors such as increase in incidents of
accidental damage, phone thefts, virus infection, & device malfunction, and
surge in adoption of high-quality smartphones are some of the major factors,
which drive the mobile phone insurance market growth. In addition, high
replacement cost of various parts of mobile phones boost mobile phone insurance
market growth. However, decline in sale of mobile phones is a major restraint
that hinders the growth of the market. On the contrary, surge in demand for
innovative products is expected to boost the market growth in the future..
“mobile phone insurance
market size was accounted at US$ 18.67 million in 2018 and is expected to
register a CAGR of 18.7% during the forecast period 2027.”
Mobile Phone
Insurance Market - Size, Competitive Landscape and Segmentation Analysis:
Mobile Phone Insurance Market Reports provide a
high-level overview of market segments by product type, applications,
leading key players, and regions, as well as market statistics. The
research insights focus on the impact of the Covid-19 epidemic on
performance and offers a thorough examination of the current market and market
dynamics. This crucial understanding of the report's objective can help you
make better strategic decisions about investment markets by assessing elements
that may affect current and future market circumstances. The leading key
players in the Global and Regional market are summarized in a research to
understand their future strategies for growth in the market.
Competitive Landscape and Mobile Phone Insurance Market
Share Analysis
The Mobile Phone Insurance market competitive
landscape provides details by a competitor. Details included are company
overview, company financials, revenue generated, market potential, investment
in research and development, new market initiatives, regional presence, company
strengths and weaknesses, product launch, product width and breadth,
application dominance. The above data points provided are only related to the
companies' focus related to the Mobile Phone Insurance market.
The major
players covered in the Mobile Phone
Insurance market report are AIG, Apple, AXA,
Asurion, Assurant, Hollard Group, Chubb (ACE),SoftBank, Allianz Insurance, AmTrust, Aviva among other domestic and global
players.
Market share data is available for global, North America, Europe, Asia-Pacific (APAC),
Middle East and Africa (MEA), and South America separately. IMR analysts
understand competitive strengths and provide competitive analysis for each
competitor separately.
Mobile Phone Insurance Market Scope and Market Size
The Mobile Phone Insurance market is segmented on the
basis of type and application. The growth among segments helps you analyses
niche pockets of growth and strategies to approach the market and determine
your core application areas and the difference in your target markets.
§ On the basis of type, the Mobile Phone
Insurance market has been segmented into cloud-based and New Phone , Refurbished
§ On the basis of End User, the Mobile Phone
Insurance market has been segmented into Personal, Corporate
Covid-19 Impact and Recovery Analysis on Industry:
We've kept track of Covid-19's direct impact on this
market as well as its indirect impact on other industries. During the analysis
period, the impact of the Covid-19 pandemic on the market is predicted to be
significant. From a worldwide and regional viewpoint, this report examines the
influence of the pandemic on the Mobile Phone Insurance industry. The study
categories the Mobile Phone Insurance industry by type, application, and
consumer sector to determine market size, market features, and market growth.
It also includes a thorough examination of the factors that influenced market
development before and after the Covid-19 pandemic. In addition, the research
did a pest analysis in the sector to investigate major influencers and entrance
obstacles.
Key Benefits
for Industry Participants & Stakeholders:
·
Industry drivers,
restraints, and opportunities covered in the study
·
Neutral
perspective on the market performance
·
Recent industry
trends and developments
·
Competitive
landscape & strategies of key players
·
Potential &
niche segments and regions exhibiting promising growth covered
·
Historical,
current, and projected market size, in terms of value
·
In-depth analysis
of the Mobile Phone Insurance Market
Mobile Phone Insurance Market
Report contains market data from 2022 to 2028, which provides an overview of
the market covering key drivers and risk factors. The report is segmented by
top global manufacturers that mention sales, revenue and applicable prices. It
also evaluates the competitive scenarios of key players. The report is expanded
to include regional market data along with types and applications. This report
forecasts sales and revenue from 2022 to 2028. Detailed sales channels are also
covered in the study.
Reasons to Purchase this Report:
•
Qualitative and quantitative analysis of the market based on segmentation
involving both economic as well as non-economic factors
•
Provision of market value (USD Billion) data for each segment and sub-segment
•
Indicates the region and segment that is expected to witness the fastest growth
as well as to dominate the market
•
Analysis by geography highlighting the consumption of the product/service in
the region as well as indicating the factors that are affecting the market
within each region
•
Competitive landscape which incorporates the market ranking of the major
players, along with new service/product launches, partnerships, business
expansions and acquisitions in the past five years of companies profiled