Mobile Phone Insurance Market Size Is Projected To Reach USD 59.97 Billion By 2028
San Francisco, 23 Dec 2021: The Report Mobile Phone Insurance Market Size, Share & Trends Analysis Report By Coverage (Physical Damage, Internal Component Failure, Theft & Loss Protection), By Phone Type, By Region, And Segment Forecasts, 2021 - 2028 The global mobile phone insurance market size is expected to reach USD 59.97 billion by 2028, registering a CAGR of 12.6% from 2021 to 2028, according to a new study by Grand View Research, Inc. The growth is attributable to the increasing number of smartphone users across the globe. The market growth can also be ascribed to the growing demand for smartphones that are used for entertainment, education, news, and digital transactions. Additionally, the growing usage of smartphones, as well as mobile applications, is expected to favor market growth. Convenient claim service is also expected to contribute to the overall market growth over the forecast period. Mobile phone insurance hel...