Market for Mobile Phone Protection is Anticipated to Grow More Quickly, Recording a Solid CAGR of 12.3% by 2026

Mobile Handset Protection Market

Mobile Handset Protection

Over the next 10 years, it is anticipated that the global market for mobile handset protection would grow quickly. Data analysis is expected to go swiftly as quantum computing becomes popular. Additionally, it would help in fraud and high-frequency detection. In other words, it is anticipated that the ICT vertical would adopt the maxim “Speed ​​is King” in the future.

Over the course of the assessment period, the market for mobile handset protection is anticipated to expand more quickly, with a CAGR of 12.3%. By the conclusion of the assessment year, this market, which had a value of around US$ 18.2 billion in 2017, is anticipated to reach a market size of more than US$ 51 billion.

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Smartphones have become a basic necessity in this environment driven by communication and networking. The protection of this basic amenity is henceforth important and the importance of mobile handset protection is surging with several consumers opting for high protection for their expensive devices.

Protection against theft, breakage, mechanical breakdown or any other form of accident is being acknowledged by a large number of individuals and it only becomes imperative to protect their devices which are now an integral part in almost every aspect in one’s life. Persistence Market Research has crafted a new research report titled “Mobile Handset Protection Market: Global Industry Analysis (2012-2016) and Forecast (2017-2026)” and has included in-depth analysis on the various aspects of the global market.

Key Players:

The report has profiled some of the important players prevalent in the global like Xinapse Systems Ltd., Toshiba Medical Systems Corporation Siemens Healthineers, Walmart, Best Buy, Apple Inc., Microsoft Corporation, AT&T Mobility, T-Mobile, Verizon Wireless, American International Group, Inc., CAN Financial Corp., Asurion LLC, Liberty Mutual and SquareTrade and more.

This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Mobile Handset Protection.

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Global Mobile Handset Protection Market: Factors Influencing Growth

The growth of the global market for mobile handset protection market is influenced by several aspects. Factors like rising adoption of smartphones at a global level, high growth of global insurance market, increasing accidents and incidences with smartphones and cost benefits associated with the purchasing a mobile handset protection policy as against replacing with a new device are driving the growth of the global mobile handset protection market.

Trends such as mobile insurance with mobile buyback solutions and securing personal information in addition to the security of the handset is also boosting the growth of the global market. However, high subscription charges are hindering the growth of the global market.

Global Mobile Handset Protection Market: Segmental Snapshot

The global market for mobile handset protection is segmented on the basis of protection provider, by pricing model, by sales channel and by region.

  • By region, Asia Pacific excluding Japan (APEJ) is expected to show increased inclination towards adoption of mobile handset protection. Mobile handset protection market in this region is projected to grow at the highest CAGR of 16.4% during the forecast period. However, North America region is the largest in terms of market share and is likely to lead the global market in the coming years
  • By protection provider, direct to consumer services segment is expected to dominate the global market with a high market valuation and is estimated to grow at a noteworthy rate throughout the assessment period
  • By pricing model, billed by carrier/OEM segment is estimated to be the largest with a high growth potential and is projected to register a high CAGR of 13.1% during 2017-2026. This segment is estimated to touch a value higher than US$ 24 Bn by the end of the year of assessment
  • By sales channel, retail chains are a very promising channel and a lucrative segment contributing to the growth of the global market. This segment is valued at about US$ 9.1 Bn in 2017. The E-commerce/online segment is projected to expand at the highest CAGR during the forecast period

Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia, etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Arabia, South Africa etc.)

Key Stakeholders
Mobile Handset Protection Market Manufacturers
Mobile Handset Protection Market Distributors/Traders/Wholesalers
Mobile Handset Protection Market Subcomponent Manufacturers
Industry Association
Downstream Vendors

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Key Questions Answered in This Report.

  • What will the market growth rate in the future?
  • What are the key factors driving the global market?
  • Who are the key manufacturers in the market space?
  • What are the opportunities and threats faced by the vendors in the global industry?
  • What are sales, revenue, and price analysis by regions of industry?

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