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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