Mobile Handset Protection Market – Increased Penetration Of Mobile Handsets In All Worldwide Locations Is Fueling The Growth Of The Global Market

Increased penetration of mobile handsets in all worldwide locations is fueling the growth of the global mobile handset protection market. Customers can avail these services through mobile device OEM, mobile operator/ carrier, direct-to-consumer services, and other channels (retailers). Owing to growing awareness about the importance of protection of handsets, the market for mobile handset protection is estimated to show prodigious growth during the forecast period of 2020 to 2030.

TMR’s upcoming research report on the global mobile handset protection market gives in-depth study of major elements influencing the market growth. The study presents adroit analysis on restraints, drivers, challenges, and opportunities in this market. Apart from this, it provides dependable data and statistics on shares, volume, and revenues of the key players in the market for mobile handset protection. Thus, this report is a perfect compilation of important information related to the mobile handset protection market for the tenure of 2020–2030.

The global mobile handset protection market is segmented on the basis of various key factors such as pricing model, protection provider, sales channel, and region. Depending on pricing model, the market for mobile handset protection is classified into monthly free, one-time free, and billed by carrier/OEM.

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Global Mobile Handset Protection Market: Growth Dynamics

In recent period, there is remarkable growth in the number of customers inclined toward the use of mobile handset protection services. Key reason for selecting additional mobile protection plans is to protect their handsets from misuse, theft, potential damage. Thus, growing number of people opting for handset protection services is working as a key driver for the growth of the global mobile handset protection market.

Buying a mobile handset protection is a cost-effective option than that of purchasing a handset replacement. This aside, mobile handset protection services assist in enhancing the client satisfaction. As a result, these services are gaining support from retailers and mobile operators. This situation is fueling the growth of overall mobile handset protection market.

Global Mobile Handset Protection Market: Competitive Analysis

The competitive landscape of the global mobile handset protection market is highly intense owing to presence of many well-established players. This scenario also highlights that the nature of this market is fairly fragmented. Industry leaders are consistently growing expenditure on research and development activities. This move is helping them to provide superior quality products. This aside, several enterprises are developing interest in merger and acquisition activities. Key motive behind these moves is strengthening their market position and expanding regional presence. All these activities connote that the global mobile handset protection market holds promising future in the years ahead.

The list of key players in the global mobile handset protection market comprises following names:

  • CAN Financial Corp.
  • Asurion LLC
  • Verizon Wireless
  • American International Group, Inc.
  • AT&T Mobility
  • T-Mobile
  • Microsoft Corporation
  • Apple Inc.

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Global Mobile Handset Protection Market: Regional Assessment

The global mobile handset protection market is spread across six key regions, namely, Japan, Latin America, North America, Europe, Asia Pacific excluding Japan, and Middle East and Africa. Of them, North America is one of the dominant regions in the market for mobile handset protection. Key reasons supporting this dominance is presence of extensive number of well-entrenched players in this region. This aside, increased use of mobile handsets in this region is boosting the growth of mobile handset protection market.

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This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

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