Global Mobile Handset Protection Market: Snapshot
Increased penetration of mobile handsets in all worldwide locations is fueling the growth of the global mobile handset protection market. Customers can avail these services through mobile device OEM, mobile operator/ carrier, direct-to-consumer services, and other channels (retailers). Owing to growing awareness about the importance of protection of handsets, the market for mobile handset protection is estimated to show prodigious growth during the forecast period of 2020 to 2030.
TMR’s upcoming research report on the global mobile handset protection market gives in-depth study of major elements influencing the market growth. The study presents adroit analysis on restraints, drivers, challenges, and opportunities in this market. Apart from this, it provides dependable data and statistics on shares, volume, and revenues of the key players in the market for mobile handset protection. Thus, this report is a perfect compilation of important information related to the mobile handset protection market for the tenure of 2020–2030.
The global mobile handset protection market is segmented on the basis of various key factors such as pricing model, protection provider, sales channel, and region. Depending on pricing model, the market for mobile handset protection is classified into monthly free, one-time free, and billed by carrier/OEM.
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Global Mobile Handset Protection Market: Growth Dynamics
In recent period, there is remarkable growth in the number of customers inclined toward the use of mobile handset protection services. Key reason for selecting additional mobile protection plans is to protect their handsets from misuse, theft, potential damage. Thus, growing number of people opting for handset protection services is working as a key driver for the growth of the global mobile handset protection market.
Buying a mobile handset protection is a cost-effective option than that of purchasing a handset replacement. This aside, mobile handset protection services assist in enhancing the client satisfaction. As a result, these services are gaining support from retailers and mobile operators. This situation is fueling the growth of overall mobile handset protection market.
Global Mobile Handset Protection Market: Competitive Analysis
The competitive landscape of the global mobile handset protection market is highly intense owing to presence of many well-established players. This scenario also highlights that the nature of this market is fairly fragmented. Industry leaders are consistently growing expenditure on research and development activities. This move is helping them to provide superior quality products. This aside, several enterprises are developing interest in merger and acquisition activities. Key motive behind these moves is strengthening their market position and expanding regional presence. All these activities connote that the global mobile handset protection market holds promising future in the years ahead.
The list of key players in the global mobile handset protection market comprises following names:
- CAN Financial Corp.
- Asurion LLC
- Verizon Wireless
- American International Group, Inc.
- AT&T Mobility
- Microsoft Corporation
- Apple Inc.
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Global Mobile Handset Protection Market: Regional Assessment
The global mobile handset protection market is spread across six key regions, namely, Japan, Latin America, North America, Europe, Asia Pacific excluding Japan, and Middle East and Africa. Of them, North America is one of the dominant regions in the market for mobile handset protection. Key reasons supporting this dominance is presence of extensive number of well-entrenched players in this region. This aside, increased use of mobile handsets in this region is boosting the growth of mobile handset protection market.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.