US Mobile Phone Insurance Market Report 2022: Increasing Digitization of Financial Services and Demand for Personalized Business Services Presents Opportunities – | Business Insurance

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DUBLIN–(COMMERCIAL WIRE)–The “US Mobile Phone Insurance Market (2022-2027) by Phone Type, Distribution Channel, Coverage, End User, Competitive Analysis, and the Impact of Covid-19 with Ansoff Analysis” Report has been added to offering.

The US mobile phone insurance market is estimated to be $7.58 billion in 2022 and is expected to reach $12.84 billion by 2027, growing at 11.12% CAGR.

Market segmentation

  • The US cell phone insurance market is segmented by phone type, distribution channel, coverage, and end user.

  • Type of phone, the market is classified into budget phones, mid-range and high-end phones, and premium smartphones.

  • Distribution Channel, the market is classified into Offline and Online.

  • Coverage, the market is categorized into Physical Damage, Internal Component Failure, Theft and Loss Protection, and Others

  • End User, the market is categorized into Companies and Individuals.

competitive quadrant

The report includes the Competitive Quadrant, a proprietary tool for analyzing and evaluating the position of companies based on their Industry Position Score and Market Performance Score. The tool uses various factors to categorize players into four categories. Some of these factors considered for the analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff analysis

The report presents a detailed analysis of the Ansoff Matrix for the US mobile phone insurance market. The Ansoff Matrix, also known as the Product/Market Expansion Grid, is a strategic tool used to devise strategies for company growth. . The matrix can be used to assess approaches in four strategies, viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is ​​also used for risk analysis to understand the risk involved in each approach.

The analyst analyzes the US cell phone insurance market using the Ansoff Matrix to provide the best approaches a company can take to improve its position in the market.

Based on the SWOT analysis done on the industry and industry players, the analyst has come up with suitable strategies for the growth of the market.

Report Highlights:

  • A complete analysis of the market, including the parent industry

  • Important market dynamics and trends

  • Market segmentation

  • Historical, current and projected market size based on value and volume

  • Market Shares and Strategies of Key Players

  • Recommendations to companies to strengthen their presence in the market

Key Topics Covered:

1 Report Description

2 Research Methodology

3 Executive summary

4 Market Dynamics

4.1 Drivers

4.1.1 Greater risk of default

4.1.2 Increasing digitization of financial services

4.1.3 Increase in Commercial Operations

4.1.4 Growth under strict terms and conditions

4.2 Restrictions

4.2.1 Complex governance rules

4.2.2 Add more costs when doing business

4.3 Opportunities

4.3.1 Advances in Technologies

4.3.2 Demand for Personalized Business Services

4.4 Challenges

4.4.1 Fraud issues and cyber attacks

5 Market Analysis

5.1 Regulatory scenario

5.2 Porter’s five forces analysis

5.3 Impact of COVID-19

5.4 Analysis of the Ansoff matrix

6 US Mobile Phone Insurance Market, by Phone Type

6.1 Introduction

6.2 Budget phone

6.3 Mid-range and high-end phones

6.4 Premium smartphone

7 US mobile phone insurance market, by distribution channel

7.1 Introduction

7.2 Offline

7.3 Online

8 US mobile phone insurance market, by coverage

8.1 Introduction

8.2 Physical damage

8.3 Internal component failure

8.4 Protection against theft and loss

8.5 Others

8.5.1 Electronic damage

8.5.2 Virus protection

8.5.3 Data protection

9 US Mobile Phone Insurance Market, by End User

9.1 Introduction

9.2 Business

9.3 Individual

10 Competitive Landscape

10.1 Competitive Quadrant

10.2 Market share analysis

10.3 Strategic initiatives

10.3.1 Mergers and Acquisitions and Investments

10.3.2 Partnerships and collaborations

10.3.3 Product developments and improvements

Companies mentioned

  • Apple Inc.

  • American International Group, Inc.

  • assurance, inc.

  • Assurion

  • AT&T Inc.

  • AmTrust Financial.

  • Brightstar Corporation.

  • GoCare Warranty Group

  • AIG

  • Allianz Insurance

  • enliven

  • better buy insurance

  • blackberry limited

For more information on this report, visit

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