Mobile Phone Insurance Market Analyzed in Signals and Systems Telecom Research Report Now Available at MarketPublishers.com05 Mar 2015 • by Natalie Aster
LONDON - Spurred by a rising number of expensive household goods, as well as luxury cars, consumer electronics, among others, the importance of insurance has grown significantly. Owners of mobile phones and smartphones also pay much attention to insurance.
Nowadays, theft, loss, malfunctions and damage of mobile devices are covered by insurance plans, which are provided by device manufacturers, insurance specialists, retailers, amid others. Furthermore, many modern mobile phone insurance policies alongside with enhanced technical support also offer additional protection features.
Some of market drivers comprise: growing penetration of smartphones, packaged policies, mobile payments growth, and more. However, time limitations associated with a purchase policy, a fraud, unclear terms and conditions are amid key factors restraining the market growth.
The world market for mobile phone insurance is projected to reach USD 32 billion in revenue in Q4 2015. The market is likely to grow at CAGR of nearly 10% to reach USD 48 billion in revenue in Q4 2020.
Cutting-edge research report “The Mobile Phone Insurance Ecosystem: 2015 – 2020 - Opportunities, Challenges, Strategies & Forecasts” worked out and prepared by Signals and Systems Telecom covers the global mobile phone insurance market.
This research study offers an up-close look at the mobile phone insurance ecosystem. It provides an extensive overview of the mobile phone insurance; discusses a value chain and forecasts future development trends through 2020. Besides, the report comprises valuable case studies and profiles of top market players. The study canvasses regional and country markets; examines market drivers and barriers.
The Mobile Phone Insurance Ecosystem: 2015 – 2020 - Opportunities, Challenges, Strategies & Forecasts
Date: January, 2015
Price: US$ 2,500.00
More new reports by the publisher can be easily found at Signals and Systems Telecom page.