Global Mobile Handset Protection Market, By Protection Provider (Carrier Handset Protection, OEM Protection, Direct to Consumer Services, Others), Pricing Model (One-time Fee, Monthly Fee, Billed by Carrier/OEM), Sales Channel (Retail Chains, Brand Stores, E-commerce/Online), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of the Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights : Global Mobile Handset Protection Market
The mobile handset protection market is expected to witness market growth at a rate of 12.85% in the forecast period of 2022 to 2029. Data Bridge Market Research report on mobile handset protection market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. The rise in the knowledge amongst the population regarding the benefits of handset protection is escalating the growth of mobile handset protection market.
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.
Major factors that are expected to boost the growth of the mobile handset protection market in the forecast period are the rise in the use of smartphones for enterprise access and development in the device & network technologies. Furthermore, the growing amount of mobile data on cell phones is further anticipated to propel the growth of the mobile handset protection market. Moreover, the rising popularity of bring your own device (BYOD) and enterprise mobility is further estimated to cushion the growth of the mobile handset protection market. On the other hand, the negligible cost advantages of providing protection services to low priced handsets is further projected to impede the growth of the mobile handset protection market in the timeline period.
In addition, the growing use of personal smartphones to access corporate networks will further provide potential opportunities for the growth of the mobile handset protection market in the coming years. However, the easy affordability of handsets might further challenge the growth of the mobile handset protection market in the near future.
This mobile handset protection market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on the mobile handset protection market, contact Data Bridge Market Research for an Analyst Brief. Our team will help you take an informed market decision to achieve market growth.
Global Mobile Handset Protection Market Scope and Market Size
The mobile handset protection market is segmented on the basis of protection provider, pricing model and sales channel. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of protection provider, the mobile handset protection market is segmented into carrier handset protection, OEM protection, direct to consumer services and others.
- On the basis of pricing model, the mobile handset protection market is segmented into one-time fee, monthly fee and billed by carrier/OEM.
- On the basis of sales channel, the mobile handset protection market is segmented into retail chains, brand stores and e-commerce/online.
Mobile Handset Protection Market Country Level Analysis
The mobile handset protection market is analysed, and market size, volume information is provided by country, protection provider, pricing model and sales channel as referenced above.
The countries covered in the mobile handset protection market report are the U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, rest of the Middle East and Africa (M.E.A.) as a part of the Middle East and Africa (M.E.A.), Brazil, Argentina and rest of South America as part of South America.
North America dominates the mobile handset protection market due to the occurrence of major key players. Furthermore, the rise in the usage of mobile handsets will further boost the growth of the mobile handset protection market in the region during the forecast period. Asia-Pacific is projected to observe significant amount of growth in the mobile handset protection market due to the rise in the personal disposable income.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as consumption volumes, production sites, and volumes, import-export analysis, price trend analysis, cost of raw materials, downstream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Mobile Handset Protection Market Share Analysis
The mobile handset protection market competitive landscape provides details by a competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the mobile handset protection market.
Some of the major players operating in the mobile handset protection market are AT&T Intellectual Property., SquareTrade, Inc., Asurion, Liberty Mutual Insurance, American International Group, Inc., Verizon, Sprint.com, T-Mobile USA, INC, SquareTrade, Inc., Pier Insurance Managed Services Ltd, Brightstar Corp, Safeware, XCellIns Technologies Pvt. Ltd, Asurion, Deutsche Telekom AG, Xiaomi., T-Mobile, Liberty Mutual Insurance, SAMSUNG, Sprint Corporation among others.
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