Published Date : Jul 31, 2017
ALBANY, New York, July 31, 2017: MarketResearchReports.biz. has added a new report to its database, titled “Global Mobile Phone Insurance Ecosystem Market by Manufacturers, Countries, Type and Application, Forecast to 2022.” The demand for insurance policies for luxurious consumer electronics, cars, bikes, and household goods have become necessary. Similarly smart phones or mobile phones are no exception and requires an insurance policy as the rates for these devices rise higher. This is driving the global mobile phone insurance ecosystem market. As smartphone or mobile phone manufacturers constantly compete with each other by launching unique and newer models, insurance companies are capitalizing on this and launching device specific insurance policies, which is fueling the growth of the global mobile phone insurance ecosystem market.
Today, an increasing number of wireless carrier providers, retailers, device OEMs, apart from insurance specialists are providing attractive insurance policies that cover damage, loss, theft, and malfunctioning of mobile phones. In addition to this, the global mobile phone insurance ecosystem market also benefits from the provision of mobile phone insurance policies that incorporate data backup facilities, data recovery, enhanced technical support, and other safety features. This is propelling customers to adopt these services. The facility to backup their mobile phone data safely online is also another feature which insurance providers are offering, making it all the more attractive to customers having critical and sensitive data on their mobile phones.
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Insurance policies available today not only cover domestic areas but also overseas, furthering their demand. Moreover, mobile insurance cover can now be paid easily online or via debit and credit cards. Many insurers also offer automatic renewal in case of policy expiration. All these factors have made it very easy for customers to pay their insurance cover or renew their insurance policy, eliminating the need to stand in long queues and avoiding all hassles. This is also expected to fuel the adoption rates of mobile phone insurance policies in the years to come.
By geography, the global mobile phone insurance ecosystem market is segmented into Asia Pacific, Europe, North America, South America, and the Middle East and Africa. The report thus, studies this market from a global point of view as well as regional point of view and declares which region will emerge as a lucrative market within the forecast period. It also points out the region which will witness sluggish growth.
The report profiles leading vendors operating in the global mobile phone insurance ecosystem market. They are: MTS, Allianz Insurance, Assurant, AmTrust International Underwriters, Asurion, Aviva, Carphone Warehouse, GoCare Warranty Group, Geek Squad, Brightstar Corporation, Hollard Group, and SoftBank. The business and financial overview of these companies have been given along with their recent developments in the field. The strategies adopted by key players to gain maximum shares in the market have also been revealed.
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