The
global mobile phone insurance market is expected for account for nearly $20
Billion in revenue by the end of 2016.
Given
the increasing prevalence of expensive household goods, cars and consumer
electronics, insurance has become an unavoidable and often necessary cost in
modern life. Mobile phones, and smartphones in particular are no exception to
this trend.
Most
major wireless carriers, insurance specialists, device OEMs, retailers and even
banks now offer insurance plans that cover theft, loss, malfunctions and damage
of mobile phones. Many policies now also integrate enhanced technical support
and additional protection features such as data backup facilities, allowing
users to securely backup their phone data online.
Publisher
estimates that the global mobile phone insurance market is expected to account
for nearly $20 Billion in revenue by the end of 2016. The market is further expected
to grow at a CAGR of approximately 12% over the next four years, eventually
accounting for over $30 Billion in revenue by the end of 2020.
The
"Mobile Phone Insurance Ecosystem: 2016 – 2030 – Opportunities,
Challenges, Strategies & Forecasts" report presents an in-depth
assessment of the mobile phone insurance ecosystem including market drivers,
challenges, opportunities, value chain, future roadmap, case studies, ecosystem
player profiles and strategies. The report also presents market size forecasts
from 2016 through to 2030. The forecasts are segmented for 5 regional and 25
country level markets.
For
more information Visit at: http://mrr.cm/Jv3
Find all Insurance Reports at
- http://www.marketresearchreports.com/insurance
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