(EMAILWIRE.COM, February 08, 2019 ) The global mobile phone insurance market is a highly fragmented and evolving market worldwide. Leading players in the mobile phone insurance market capture merely ~50% of the market, whereas rest of the mobile phone insurance market is occupied by region players including mobile operators, retailer’s operating in that region. The mobile phone insurance market operates in a highly-competitive marketplace. As leading companies in mobile phone insurance market continues to broaden their addressable market, by expanding its current product portfolio, diversifying its client base, and developing new applications and markets, all the prominent players faces an increasing level of competition, both from start-ups as well the leading global technology and industrial companies in the world.

The mobile phone insurance Market report aims to provide a 360-degree view of the market in terms of cutting-edge technology, key developments, drivers, restraints and future trends with impact analysis of these trends on the market for short-term, mid-term and long-term during the forecast period. Further, the report also covers key players profiling with detailed SWOT analysis, financial facts and key developments of products/service from the past three years.

Get Sample Copy of this Report @: https://www.theinsightpartners.com/sample/TIPTE100000940/?ew-jd

Leading Mobile Phone Insurance Market Players: Blackberry Limited, American International Group, Inc., Assurant, Inc., Asurion, LLC, Pier Insurance, Brightstar Corp, AT&T Inc., Trov, Vodafone, and Three among others.

While smartphone penetration in the developed regions such as U.S. and European markets comprises big chunk of the market, on contrary the developing nations across the globe are still in emerging stage. Competitive pricing and refurbished mobile phone market will be leading trend to drive the mobile device insurance adoption in near future. However, the trend may vary as per customer willingness and mobile phone penetration from region to region. Statistics says global secondhand and refurbished mobile phone market was approx. US$ 17 Bn in 2016 with the growth of 50% year-on-year. This will bring new prospects for the mobile insurance market. Besides, data and virus protection are another lucrative business segment which is propelling the market in the forward direction. Mobile user these days apart from physical insurance plans is looking for virus and data protection plan as well. This unlocks new growth opportunities as bundled protection plans, offering full protection to mobile phones.

The Asia Pacific region ranks third among the smartphone users across the globe. The number of smartphone users is constantly increasing in the region, owing to the benefits of the device among the users. As the penetration of smartphones is increasing rapidly, the number of network providers or operators are also increasing simultaneously. As of FY2016, Asia Pacific had 2.6 Billion activated SIM cards through various network carriers and the number is growing at an exponential rate over the years. Pertaining to the increase in smartphone users as well as increase in number of SIM card activation in Asia Pacific region, and the positively growing trend of mobile phone insurance through network operators in developed countries, various network providers operating in Asia Pacific region are introducing their insurance plans to secure the smartphones and increase their income year on year. The introduction of these insurance schemes is increasing awareness among the population-based in Asia Pacific region related to mobile phone insurance. In addition, the network providers are also undertaking initiatives to reduce the insurance plan costs, which is attracting the customers, thereby leading the mobile phone insurance market to propel in the region.

Get Reasonable Discount on this Report @: https://www.theinsightpartners.com/discount/TIPTE100000940/?ew-jd

Also, key Mobile Phone Insurance market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years.

Reason to Buy:
This report provides pin-point analysis for changing competitive dynamics
It provides a forward-looking perspective on different factors driving or restraining market growth
It provides seven-year forecast assessed on the basis of how the market is predicted to grow
It helps in understanding the key product segments and their future
It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

Contact Information:
The Insight Partners
Sameer Joshi
Tel: +1-646-491-9876
Email us


----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results