Description 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 .
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 .
Browse a report @ http :// www . orbisresearch . com / reports / index / the-mobile-phone-insuranceecosystem-2016-2030-opportunities-challenges-strategies-and-forecasts
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-Sure ’ s social
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