Over the predicted period, the global market for mobile handset protection would grow at a CAGR of 11.3%. It is anticipated that sales of mobile handset protection would reach US$ 6,789.2 million in 2022 and US$ 19,876.7 million in 2032.
In this increasingly communication-driven society, mobile handsets have assimilated into consumers’ daily lives. The widespread use of smartphones has necessitated the development of effective security measures to prevent abuse, device theft, and damage.
The mobile protection programme makes sure that customers have their mobile devices back quickly in the event of theft, damage, or malfunction. The scope of smartphone applications has also been expanded by the mobility and bring-your-own-device (BYOD) trends.
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Mobile Handset Protection Market: Drivers and Restraints
The cost benefits of buying mobile device protection as opposed to purchasing replacement drives is also a major factor driving the growth of the mobile protection market. Moreover, these services also help in improving customer satisfaction and improve customer care expenses, thus 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.
Global Mobile Handset Protection Market: Competitive Landscape
Key Players
The major player operating in the Mobile Handset Protection market includes Squaretrade, Asurion LLC, CAN Financial Corp., Liberty Mutual, American International Group Inc., Verizon Wireless, Sprint Corporation, T-Mobile, Apple Inc., and Walmart.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, applications, and industries.
The report covers exhaust analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessments by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Global Mobile Handset Protection Market: Market Segmentation
Global Mobile Handset Protection Market can be divided into four segments, on the basis of protection provider, pricing model, sales channel, and region.
The major segments of the Mobile Handset Protection market on the basis of the protection provider include:
- Mobile Operator/Carrier
- Mobile Device OEM
- Direct-to-Consumer Services
- Other Channel (Retailers)
The major segments of the Mobile Handset Protection market on the basis of the Pricing Model include:
- One-time Fee
- Monthly Fee
- Billed by Carrier/OEM
The major segments of the Mobile Handset Protection market on the basis of the sales channel include:
- Retail Chains
- Brand Stores
- E-commerce/Online
Report Highlights:
- Detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
Table of Content
1. Executive Summary | Mobile Handset Protection Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.
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