Global Mobile Phone Insurance Ecosystem MarketPosted by geeta on December 17th, 2020 Global Mobile Phone Insurance Ecosystem Market was valued US$ 20.2 Bn in 2019 and is expected to reach US$ 41.3 Bn by 2027 at a CAGR of 8.27 %. The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis. The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding the global mobile phone insurance ecosystem market dynamics, structure by identifying and analysing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in the global mobile phone insurance ecosystem market. Mobile insurance needs protection coverage for devices against physical damage, lost or stolen devices, and malfunctions. Mobile phone insurance ecosystem is a network or an interconnected set of services or interconnected systems that allow users to fulfil a variety of needs in one integrated experience and contains insurance providers and customers. The ecosystem is used by insurers for providing enhanced and timely services to their consumers. It also helps customers to check important information accessible online. Key factors driving the growth of the global mobile phone insurance ecosystem market are the rising number of smartphones users and increasing incidences of phone thefts, accidental damage, device malfunction, and loss of the device. Additionally, phones are prone to physical and technical damage, and the growing cost of smartphones is driving the need to opt for phone insurance policies. However, the high cost of mobile phone insurance and unclear terms and conditions are major factors expected to hamper the growth of the mobile phone insurance ecosystem market globally to a certain extent. Theft & loss insurance type segment has been estimated to account for highest market share in 2017 and is expected to continue its dominance during the forecast period, because of an increased incidence of theft of devices, clubbed with a growing introduction of high-cost mobile devices in the market. Physical damage insurance segment has been estimated to account for second-highest market share in 2017. The physical damage insurance type segment in the global mobile phone insurance ecosystem market is expected to register second-highest CAGR in terms of revenue contribution during the forecast period. Region-wise, North America is dominating the global market for mobile phone insurance ecosystem market. High penetration of mobile phones especially, smartphones in the US, coupled with the growing trend of buying an insurance plan owing to increasing costs of mobile phones and increasing cases of theft of smartphones are key factors driving the growth of the US mobile phone insurance ecosystem market. Europe accounted for the second-largest market share in the mobile phone insurance ecosystem market in 2017 and is anticipated to register the highest CAGR throughout the forecast period. This can be attributed to growing insurance sector in countries in Europe, especially, the UK and France, growing ownership of smartphones in these countries, and increasing cases of smartphone theft are major factors boosting demand for mobile insurance and in turn driving growth of the Europe mobile phone insurance ecosystem market. The report also studies numerous growth strategies that are mergers and acquisitions, partnerships and collaborations, and developments, adopted by major players to expand their presence in the global mobile phone insurance ecosystem market. For More Information Visit :https://www.maximizemarketresearch.com/market-report/global-mobile-phone-insurance-ecosystem-market/27586/ Global Mobile Phone Insurance Ecosystem Market, by Insurance Type • Physical Damage • Direct Channel • North America • Acer This Report Is Submitted By : Maximize Market Research Company Customization of the report: Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities. About Maximize Market Research: Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors. 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