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(CityRegions.Com, September 20, 2017 ) SNS Research 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 $30 Billion in revenue by the end of 2020.
The Mobile Phone Insurance Ecosystem : 2016 2030 Opportunities, Challenges, Strategies & Forecasts report presents an in-depth assessment of the mobile phone insurance ecosystem including market drivers, challenges, opportunities, value chain, future roadmap, case studies, ecosystem player profiles and strategies. The report also presents market size forecasts from 2016 through to 2030. The forecasts are segmented for 5 regional and 25 country level markets.
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Synopsis: Given the increasing prevalence of expensive household goods, cars and consumer electronics, insurance has become an unavoidable and often necessary cost in modern life. Mobile phones, and smartphones in particular are no exception to this trend.
Most major wireless carriers, insurance specialists, device OEMs, retailers and even banks now offer insurance plans that cover theft, loss, malfunctions and damage of mobile phones. Many policies now also integrate enhanced technical support and additional protection features such as data backup facilities, allowing users to securely backup their phone data online.
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Some Points from Table of Contents:
Figure 1: Smartphone Installed Base by Region: 2016 2030 (Millions) 20 Figure 2: Mobile Phone Insurance Value Chain 27 Figure 3: Mobile Phone Insurance Industry Roadmap 29 Figure 4: Mobile Phone Claim Processing Lifecycle 36 Figure 5: Global Mobile Phone Insurance Revenue: 2016 2030 ($ Million) 86 Figure 6: Mobile Phone Insurance Revenue by Region: 2016 2030 ($ Million) 87 Figure 7: Asia Pacific Mobile Phone Insurance Revenue: 2016 2030 ($ Million) 88 Figure 8: Asia Pacific Mobile Phone Insurance Revenue by Country: 2016 2030 ($ Million) 88 Figure 9: Australia Mobile Phone Insurance Revenue: 2016 2030 ($ Million) 89 Figure 10: China Mobile Phone Insurance Revenue: 2016 2030 ($ Million) 89 Figure 11: Hong Kong Mobile Phone Insurance Revenue: 2016 2030 ($ Million) 90 Figure 12: India Mobile Phone Insurance Revenue: 2016 2030 ($ Million) 90 Figure 13: Japan Mobile Phone Insurance Revenue: 2016 2030 ($ Million) 91 Figure 14: Singapore Mobile Phone Insurance Revenue: 2016 2030 ($ Million) 91 Figure 15: South Korea Mobile Phone Insurance Revenue: 2016 2030 ($ Million) 92 Figure 16: Taiwan Mobile Phone Insurance Revenue: 2016 2030 ($ Million) 92 Figure 17: Rest of Asia Pacific Mobile Phone Insurance Revenue: 2016 2030 ($ Million) 93 Figure 18: Europe Mobile Phone Insurance Revenue: 2016 2030 ($ Million) 94 Figure 19: Europe Mobile Phone Insurance Revenue by Country: 2016 2030 ($ Million) 94 Figure 20: France Mobile Phone Insurance Revenue: 2016 2030 ($ Million) 95 Figure 21: Germany Mobile Phone Insurance Revenue: 2016 2030 ($ Million) 95 Figure 22: Italy Mobile Phone Insurance Revenue: 2016 2030 ($ Million) 96 Figure 23: Netherlands Mobile Phone Insurance Revenue: 2016 2030 ($ Million) 96 Figure 24: Poland Mobile Phone Insurance Revenue: 2016 2030 ($ Million) 97 Figure 25: Russia Mobile Phone Insurance Revenue: 2016 2030 ($ Million) 97 Figure 26: Spain Mobile Phone Insurance Revenue: 2016 2030 ($ Million) 98 Figure 27: UK Mobile Phone Insurance Revenue: 2016 2030 ($ Million) 98 Figure 28: Rest of Europe Mobile Phone Insurance Revenue: 2016 2030 ($ Million) 99 Figure 29: Latin & Central America Mobile Phone Insurance Revenue: 2016 2030 ($ Million) 100 Figure 30: Latin & Central America Mobile Phone Insurance Revenue by Country: 2016 2030 ($ Million) 100 Figure 31: Argentina Mobile Phone Insurance Revenue: 2016 2030 ($ Million) 101 Figure 32: Brazil Mobile Phone Insurance Revenue: 2016 2030 ($ Million) 101 Figure 33: Colombia Mobile Phone Insurance Revenue: 2016 2030 ($ Million) 102 Figure 34: Mexico Mobile Phone Insurance Revenue: 2016 2030 ($ Million) 102
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Key Findings: The report has the following key findings: SNS Research 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. In an effort to boost the uptake of mobile phone insurance, wireless carriers and insurance providers have extensively enhanced their insurance offerings with the addition of location tracking, data protection/recovery features and integrated technical support. The success of mobile phone insurance plans has driven several wireless carriers, such as NTT DoCoMo and Orange, to invest in the sales of other insurance products through mobile phones and their retail outlets. New insurance models are also beginning to emerge, such as London-based So-Sures social insurance for mobile phones, which allows customers to get up to 80% of their money back, if they and their friends dont claim. Device OEMs are beginning to invest in tailored plans to suit the specific requirements of certain regional markets. A good example is Xiaomis Mi Protect plan in India, which covers accidental and liquid damage, for as little as $7 per year.
Orbis Research
Hector Costello
+1 (214) 884-6817
sales@orbisresearch.com
Source: EmailWire.Com
Source: EmailWire.com
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