Market Overview:
The global mobile phone insurance ecosystem market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing adoption of smartphones and other connected devices, rising concerns over device security, and growing demand for on-demand services. The wireless carriers segment is expected to hold the largest share of the global mobile phone insurance ecosystem market in 2018. This can be attributed to their large customer base and extensive distribution networks. The insurance specialists segment is projected to grow at the highest CAGR during the forecast period owing to its ability to provide customized policies as per customer needs. In terms of application, physical damage is expected to account for the largest share of the global mobile phone insurance ecosystem market in 2018 followed by theft & loss. This can be attributedto th e increasing numberof smartphone users worldwideandthe high costof replacing damaged or stolen devices .
Product Definition:
A mobile phone insurance ecosystem is a system that protects users' phones in the event of theft, loss, or damage. The importance of this system lies in the fact that it can help protect people's investments in their phones and provide them with some peace of mind knowing that they are covered should something happen to their device.
wireless carriers:
Wireless carriers are the intermediaries between telecommunication service providers and mobile phone manufacturers. They sell access to telecommunication networks and facilitate billing & payment functions as well as provide mobile phones for distribution. They also offer value-added services such as pre-paid accounts, data plans, SMS alerts, MMS messaging services among others.
insurance specialists:
Insurance specialists are the middlemen between insurance companies and customers. They help consumers compare various policies, select the most suitable one and assist them in applying for it. In mobile phone insurance ecosystem, these specialists act as an interface between insurers and agents/brokers that work on commission.
They have a deep understanding of insurances policies which helps them to provide better assistance to their clients; thus increasing their popularity among consumers looking forward to buying an insurance policy.
Application Insights:
The physical damage category dominated the global mobile phone insurance ecosystem application market in 2017, owing to increasing awareness among consumers about accidental damage to phones. This is also supported by a rise in demand for replacement of old and broken phones. For instance, according to research conducted by GSM Arena and RepairTec Solutions Pvt. Ltd., around 92% of users have admitted that they had damaged their phone accidentally while handling it improperly or by dropping it from a height of more than 2 feet.
The others segment includes financial losses caused due to loss or theft of devices as well as frauds perpetrated through mails and apps downloaded from internet onto the device memory without user knowledge. Increasing smartphone usage has led to an increase in such fraudulent activities over the internet which has resulted in financial losses for many people across the world including corporates, institutions and individuals alike.
Regional Analysis:
Asia Pacific is estimated to be the fastest-growing region over the forecast period. The growth can be attributed to increasing smartphone penetration and rising consumer awareness regarding insurance coverage for mobile phones. According to GSMA, in 2016, there were 1.9 billion mobile subscriptions worldwide, of which 1.3 billion were in Asia Pacific (excluding China).
North America was valued at USD X billion in 2017 and is expected to witness steady growth over the forecast period owing high adoption rates of advanced technologies such as IoT.
Growth Factors:
- Increasing demand for mobile phone insurance due to the increasing number of smartphone users and their dependency on these devices.
- The growing trend of BYOD (Bring Your Own Device) is also contributing to the growth of mobile phone insurance market as employees are increasingly using their personal smartphones for work purposes, which increases the chances of device damage or theft.
- Proliferation of online and digital channels through which customers can purchase mobile phone insurance policies is aiding in the growth of this market.
- Rapid expansion in developing countries, where a large population is still not covered under any type of mobile phone insurance policy, is providing ample opportunities for growth in this market during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Mobile Phone Insurance Ecosystem Market Research Report
By Type
wireless carriers, insurance specialists, device OEMs, retailers, Mobile Phone Insurance Ecosyste
By Application
Physical Damage, Theft & Loss, Others
By Companies
Allianz Insurance, AmTrust International Underwriters, Assurant, Asurion, Aviva, Brightstar Corporation, Geek Squad, GoCare Warranty Group, Apple, AIG, Mobile Phone Insurance Ecosyste
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Mobile Phone Insurance Ecosystem Market Report Segments:
The global Mobile Phone Insurance Ecosystem market is segmented on the basis of:
Types
wireless carriers, insurance specialists, device OEMs, retailers, Mobile Phone Insurance Ecosyste
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Physical Damage, Theft & Loss, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Allianz Insurance
- AmTrust International Underwriters
- Assurant
- Asurion
- Aviva
- Brightstar Corporation
- Geek Squad
- GoCare Warranty Group
- Apple
- AIG
- Mobile Phone Insurance Ecosyste
Highlights of The Mobile Phone Insurance Ecosystem Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- wireless carriers
- insurance specialists
- device OEMs
- retailers
- Mobile Phone Insurance Ecosyste
- By Application:
- Physical Damage
- Theft & Loss
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Mobile Phone Insurance Ecosystem Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A Mobile Phone Insurance Ecosystem is a platform that helps mobile phone users to get insurance for their devices. It provides a single point of access to various insurers, as well as information and tools to help users make informed decisions about coverage and protection.
Some of the key players operating in the mobile phone insurance ecosystem market are Allianz Insurance, AmTrust International Underwriters, Assurant, Asurion, Aviva, Brightstar Corporation, Geek Squad, GoCare Warranty Group, Apple, AIG, Mobile Phone Insurance Ecosyste.
The mobile phone insurance ecosystem market is expected to register a CAGR of 10.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Mobile Phone Insurance Ecosystem Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Mobile Phone Insurance Ecosystem Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Mobile Phone Insurance Ecosystem Market - Supply Chain
4.5. Global Mobile Phone Insurance Ecosystem Market Forecast
4.5.1. Mobile Phone Insurance Ecosystem Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Mobile Phone Insurance Ecosystem Market Size (000 Units) and Y-o-Y Growth
4.5.3. Mobile Phone Insurance Ecosystem Market Absolute $ Opportunity
5. Global Mobile Phone Insurance Ecosystem Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Mobile Phone Insurance Ecosystem Market Size and Volume Forecast by Type
5.3.1. wireless carriers
5.3.2. insurance specialists
5.3.3. device OEMs
5.3.4. retailers
5.3.5. Mobile Phone Insurance Ecosyste
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Mobile Phone Insurance Ecosystem Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Mobile Phone Insurance Ecosystem Market Size and Volume Forecast by Application
6.3.1. Physical Damage
6.3.2. Theft & Loss
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Mobile Phone Insurance Ecosystem Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Mobile Phone Insurance Ecosystem Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Mobile Phone Insurance Ecosystem Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Mobile Phone Insurance Ecosystem Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Mobile Phone Insurance Ecosystem Demand Share Forecast, 2019-2026
9. North America Mobile Phone Insurance Ecosystem Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Mobile Phone Insurance Ecosystem Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Mobile Phone Insurance Ecosystem Market Size and Volume Forecast by Application
9.4.1. Physical Damage
9.4.2. Theft & Loss
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Mobile Phone Insurance Ecosystem Market Size and Volume Forecast by Type
9.7.1. wireless carriers
9.7.2. insurance specialists
9.7.3. device OEMs
9.7.4. retailers
9.7.5. Mobile Phone Insurance Ecosyste
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Mobile Phone Insurance Ecosystem Demand Share Forecast, 2019-2026
10. Latin America Mobile Phone Insurance Ecosystem Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Mobile Phone Insurance Ecosystem Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Mobile Phone Insurance Ecosystem Market Size and Volume Forecast by Application
10.4.1. Physical Damage
10.4.2. Theft & Loss
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Mobile Phone Insurance Ecosystem Market Size and Volume Forecast by Type
10.7.1. wireless carriers
10.7.2. insurance specialists
10.7.3. device OEMs
10.7.4. retailers
10.7.5. Mobile Phone Insurance Ecosyste
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Mobile Phone Insurance Ecosystem Demand Share Forecast, 2019-2026
11. Europe Mobile Phone Insurance Ecosystem Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Mobile Phone Insurance Ecosystem Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Mobile Phone Insurance Ecosystem Market Size and Volume Forecast by Application
11.4.1. Physical Damage
11.4.2. Theft & Loss
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Mobile Phone Insurance Ecosystem Market Size and Volume Forecast by Type
11.7.1. wireless carriers
11.7.2. insurance specialists
11.7.3. devie OEMs
11.7.4. retailers
11.7.5. Mobile Phone Insurance Ecosyste
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Mobile Phone Insurance Ecosystem Demand Share, 2019-2026
12. Asia Pacific Mobile Phone Insurance Ecosystem Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Mobile Phone Insurance Ecosystem Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Mobile Phone Insurance Ecosystem Market Size and Volume Forecast by Application
12.4.1. Physical Damage
12.4.2. Theft & Loss
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Mobile Phone Insurance Ecosystem Market Size and Volume Forecast by Type
12.7.1. wireless carriers
12.7.2. insurance specialists
12.7.3. device OEMs
12.7.4. retailers
12.7.5. Mobile Phone Insurance Ecosyste
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Mobile Phone Insurance Ecosystem Demand Share, 2019-2026
13. Middle East & Africa Mobile Phone Insurance Ecosystem Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Mobile Phone Insurance Ecosystem Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Mobile Phone Insurance Ecosystem Market Size and Volume Forecast by Application
13.4.1. Physical Damage
13.4.2. Theft & Loss
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Mobile Phone Insurance Ecosystem Market Size and Volume Forecast by Type
13.7.1. wireless carriers
13.7.2. insurance specialists
13.7.3. device OEMs
13.7.4. retailers
13.7.5. Mobile Phone Insurance Ecosyste
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Mobile Phone Insurance Ecosystem Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Mobile Phone Insurance Ecosystem Market: Market Share Analysis
14.2. Mobile Phone Insurance Ecosystem Distributors and Customers
14.3. Mobile Phone Insurance Ecosystem Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Allianz Insurance
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. AmTrust International Underwriters
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Assurant
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Asurion
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Aviva
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Brightstar Corporation
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Geek Squad
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. GoCare Warranty Group
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Apple
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. AIG
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Mobile Phone Insurance Ecosyste
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
