Mobile Phone Insurance Revenues Market Size , Share , Growth & Worldwide 2009 - 2016 : Radiant Insights , Inc
“ With the overall revenue of over USD 8 billion in 2011 , the market is expected to reach USD 48 billion by 2020 , growing at a compound annual growth rate ( CAGR ) of over 10 % during the forecast period ( 2015 – 2020 ).”
The increasing demands of luxurious household goods , consumer electronics , and cars , insurance policies have become a necessity . Mobile phones , and specifically Smartphones , are no exception to the trend . The global mobile phone insurance revenues market is increasingly gaining momentum . This market is driven by the increasing penetration of a variety of high-end yet reasonable Smartphone models . Moreover , since the manufacturers intensely compete by launching unique & new Smartphone models , insurance companies are greatly capitalizing on device-specific insurance policies . With the overall revenue of over USD 8 billion in 2011 , the market is expected to reach USD 48 billion by 2020 , growing at a compound annual growth rate ( CAGR ) of over 10 % during the forecast period ( 2015 – 2020 ).
Access This Full Report @ http :// www . radiantinsights . com / research / mobile-phoneinsurance-revenues-by-country-and-region-database-2009-2016
Most of the major retailers , wireless carriers , insurance specialists , device OEMs etc . are now offering insurance policies that cover loss , malfunctions , damage as well as theft of mobile phones . Moreover , in order to increase the uptake of mobile insurance , many mobile phone insurance
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