Mobile Phone Insurance Revenues By Country & Region Database: 2009 – 2016 Trends, Size, and Forecast.

The latest report published by the Frank N Raf Market Research & Consulting, it is defined that the increasing demands of luxurious household goods, consumer electronics, and cars, insurance policies have become a necessity. The Mobile Phone Insurance Revenues by Country & Region Database: 2009 – 2016 Trends, Size, and Forecast is complete details of, Mobile phones, and specifically Smartphones, are no exception to the trend.

The report covers the research study for Mobile phone insurance revenues market is increasingly gaining momentum. Moreover, since the manufacturers intensely compete by launching unique & new Smartphone models, insurance companies are greatly capitalizing on device-specific insurance policies.

The report also includes the forecast along with the historical data 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). Also, the report explains the worldwide opportunities available for theMost 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 policies now incorporate added safety
features, e. g. backup facilities or data recovery, along with improved
technical support allowing customers to safely back up their mobile phone data
online.

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