Mobile Handset Protection Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Mobile handset protection offers coverage against mechanical breakdown, theft loss and accidental damage. The mobile handset protection plan is generally offered by the mobile operator or carrier, OEMs and retailers. Smartphones are a basic necessity in everyone's life and any disturbance in the usage and service of smartphone is undesirable in today's world, especially when connectivity, networking and social media are the main tools of communication.

MARKET DYNAMICS

Cost benefits of buying mobile device protection as opposed to purchasing replacement drives is also major factor driving the growth of mobile protection market. Moreover, these services also help in improving customer satisfaction and improve customer care expenses, thus by obtaining support from mobile operators and retailers. Minimal cost assistance of providing protection services to the lower price mobile devices is the major challenge faced by most of the vendors in the mobile handset protection market.

MARKET SCOPE

The "Global Mobile Handset Protection Market Analysis to 2031" is a specialized and in-depth study of the mobile handset protection market with a special focus on the global market trend analysis. The report aims to provide an overview of mobile handset protection market with detailed market segmentation by protection provider, pricing model, sales channel. The global mobile handset protection market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading mobile handset protection market player and offers key trends and opportunities in the mobile handset protection market.

MARKET SEGMENTATION

The global mobile handset protection market is segmented on the basis of protection provider, pricing model, sales channel. On the basis of protection provider, market is segmented as mobile operator/ carrier, mobile device OEM, direct-to-consumer services, other. On the basis of pricing model, market is segmented as one time fee, monthly fee, billed by carrier/ OEM. On the basis of sales channel, market is segmented as retail chains, brand stores, e-commerce/online

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global mobile handset protection market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The mobile handset protection market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting mobile handset protection market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the mobile handset protection market in these regions.

MARKET PLAYERS

The reports cover key developments in the mobile handset protection market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from mobile handset protection market are anticipated to lucrative growth opportunities in the future with the rising demand for mobile handset protection market. Below mentioned is the list of few companies engaged in the mobile handset protection market.

The report also includes the profiles of key mobile handset protection market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•   SquareTrade
  
•   Liberty Mutual
  
•   Asurion LLC
  
•   CAN Financial Corp.
  
•   American International Group, Inc.
  
•   Verizon Wireless
  
•   T-Mobile
  
•   ATandT Mobility
  
•   Microsoft Corporation
  
•   Apple Inc.
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Mobile Handset Protection Report Scope