HomeGeneralProliferation of Smartphones to drive the Mobile Handset Protection Market

Proliferation of Smartphones to drive the Mobile Handset Protection Market

Published on

Latest articles

Billionaires Borrow: The Surprising Strategy Behind Financing Luxury Homes

Affordable home ownership takes an unexpected twist as Bezos' bold strategy reshapes dreams for budding future landlords. What comes next?

14% Dividend Plunge Spurs Shift To Safer 6.2% Reit Option

High dividend yields spark lively interest, yet one investment’s hidden risk challenges optimism and leaves readers wondering what happens next.

Palantir And Crowdstrike Surge As Ai Innovations Power Long-term Gains

Palantir and CrowdStrike capture attention with inventive measures and strategic maneuvers, yet an unexpected twist leaves their next move mysterious.

Spotify And Roblox Propel Growth Stocks Amid Market Rebound

Tech stocks surge with surprising gains, as exceptional record-setting performances spark growing investor excitement. What twist awaits this market transformation?

According to PersistenceMarketResearch, the global mobile handset protection market will witness a CAGR of over 12% between 2020 and 2030.

Mobile handsets have turned out to be an indispensable part of people’s daily lives. Penetration as well as proliferation of smartphones is asking for proper security methods, so as to mitigate damage, theft, and misuse of these mobile devices. As such, on malfunctioning of the handsets, mobile protection program is mandated, which would, in turn, ascertain that people get their mobile handsets back within no time. This is backed by the ongoing trend of BYOD (bring-your-own-device).

Also, there are cost advantages in having mobile handset protection in place of buying replacement devices. This factor is also there to bolster the mobile handset protection market going forward. By type, it says monthly fee, one time fee, and billed by carrier/OEM. The application area includes direct-to-customer services, mobile device OEM, mobile operator/carrier, and retailers.

By geography, North America and Europe are already upfront regarding mobile handset protection. Recently, the Asia-Pacific has been witnessing an upswing herein as mobile penetration has been increasing at a skyrocketing rate in the Asia-Pacific. LATAM and MEA are also catching up, especially after MTN flourishing in Nigeria.

Get Customized article here: https://www.persistencemarketresearch.com/samples/20782

Additionally, people prefer mobile insurance cover. The developing countries are especially opting for this coverage. It is a known fact that mobiles, apart from becoming costlier, are gaining in fragility index. Generally, mobile phones are followed by a year limited warranty, which covers manufacturing defects and hardware malfunctions. Accidental damage (inclusive of damage due to water and cracked screens), or any damage due to 3rd-party component. This is where mobile insurance cover comes in to picture.

The key market participants include T-Mobile, Verizon Wireless, Squaretrade, CAN Financial Corp., Asurion LLC, American International Group Inc., Liberty Mutual, Walmart, and Apple Inc.

More like this

Billionaires Borrow: The Surprising Strategy Behind Financing Luxury Homes

Affordable home ownership takes an unexpected twist as Bezos' bold strategy reshapes dreams for budding future landlords. What comes next?

14% Dividend Plunge Spurs Shift To Safer 6.2% Reit Option

High dividend yields spark lively interest, yet one investment’s hidden risk challenges optimism and leaves readers wondering what happens next.

Palantir And Crowdstrike Surge As Ai Innovations Power Long-term Gains

Palantir and CrowdStrike capture attention with inventive measures and strategic maneuvers, yet an unexpected twist leaves their next move mysterious.