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(MoneyNewsWire.Net, June 10, 2015 ) Most major wireless carriers, insurance specialists, device OEMs, retailers and even banks now offer insurance plans that cover the theft, loss, damage and malfunctions in mobile phones. Many policies now also integrate enhanced technical support and additional protection features such as data backup facilities, allowing users to securely back-up their phone data online.
Browse report with table of contents at: http://www.researchmoz.us/the-mobile-phone-insurance-ecosystem-2015-2020-opportunities-challenges-strategies-and-forecasts-report.html
Research estimates that the global mobile phone insurance market is expected for account for nearly $31 Billion in revenue by the end of 2015. The market is further expected to grow at a CAGR of nearly 10% over the next five years, eventually accounting for over $48 Billion in revenue by the end of 2020.
The 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 2015 through to 2020. The forecasts are further segmented for 5 regional and 64 country level markets.
Key Findings:
Research estimates that the global mobile phone insurance market is expected for account for nearly $31 Billion in revenue by the end of 2015.
The market is further expected to grow at a CAGR of nearly 10% over the next five years, eventually accounting for over $48 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 data protection/recovery features and integrated technical support.
Mobile device OEMs are keen are keen to develop alliances with local insurance regulators to boost the sales prospects of their smartphones sold through their branded retail stores.
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