Industry Background:
Mobile handset protection includes protection from theft, accidental breakage, software malfunction, loss of phone, and other reasons. The protection programs or service provides various type of damages to the phone. The mobile handset mainly has software-related issues along with the failure of hardware components. The mobile handset protection can be provided by the mobile operator/ carrier, mobile device OEM, direct-to-consumer services.
According to AMA Research, the market for Mobile Handset Protection is expected to register a CAGR of 11.5% during the forecast period to 2030. This growth is primarily driven by Demand for the Protection of Handset from Physical Damage to Cover its Expenses
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Internet Software & Services sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as American International Group (United States), Verizon (United States), Asurion, LLC (United States), Apple Inc. (United States), Sprint Corporation (United States), AT&T Inc. (United States), SquareTrade Inc. (United States) and T-Mobile (Germany), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 17th August 2020, Assurant, a leading global provider of lifestyle and housing solutions that support, protect, and connect major consumer purchases, announced it has acquired Fixt, a leading provider of on-demand mobile device support and repair. Fixt enables consumers to schedule local, onsite repairs of mobile devices via a network of more than 1,500 repair technicians, reducing average repair times and improving customer satisfaction. Integrating Fixt’s capabilities into Assurant’s end-to-end Dynamic Fulfilment platform will further enhance the experience for mobile device owners.
In April 9, 2024 Spectrum announced the launch of two new features, delivering Spectrum Mobile customers more value, control and peace of mind. Anytime Upgrade, which is now included in the Spectrum Mobile1 Unlimited Plus data plan at no extra cost, allows new and existing customers to upgrade their phones whenever they want, as many times as they want, eliminating the traditional wait times and condition requirements associated with phone upgrades. Delivering even more value, Spectrum's new Mobile Repair and Replacement Plan offers customers device protection at a more affordable rate than competitors2.Market players are focusing on providing Cast Resin Current Transformers with higher quality along with complying all regulatory standards to fascinate more end users. They are also focusing on the introduction of numerous advanced & attractive features to further offer qualified Cast Resin Current Transformers. The market is fragmented owing to the presence of several international and local providers. The high focus on the offering cost effective product offerings. Besides, the numerous industry profitability has led the entry of new players, in turn, increasing the level of rivalry in the already competitive market.
Influencing Trend:
Increasing Popularity of Direct-to-Consumer Services Mobile Handset Protection
Market Growth Drivers:
Demand for the Protection of Handset from Physical Damage to Cover its Expenses and Rising Number of Mobile Handset Malware Data Threats and Theft Incidences
Challenges:
High Cost Associated with Mobile Handset Protection
Restraints:
Lack of Awareness Among the People Regarding Mobile Data Thefts and Mobile Handset Protection
Opportunities:
Surging Spenindgs in the Electronics Handset of Developing Nations will Boost the Mobile Handset Protection Market
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Mobile Handset Protection Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Mobile Handset Protection Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Mobile Handset Protection players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Mobile Handset Protection Study Sheds Light on
The Mobile Handset Protection Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Mobile Handset Protection industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Mobile Handset Protection industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.