Mobile Phone Insurance Market Registering A CAGR Of 12.7% For The Forecast Period From 2019 To 2025 : Grand View Research Inc.
San Francisco, 8 November 2019: The Report Mobile Phone Insurance Market Size, Share & Trends Analysis Report By Coverage, By Phone Type (Budget Phones, Mid & High-End Smartphones, Premium Smartphones), By Region, And Segment Forecasts, 2019 – 2025 The global mobile phone insurance market size is expected to reach USD 42.6 billion by 2025, registering a CAGR of 12.7% over the forecast period, according to a new study by Grand View Research, Inc. An increasing number of smartphone users is expected to drive the market growth over the forecast period. The market growth can also be ascribed to the growing demand for smartphones that are used for entertainment, education, news, and digital transactions. Additionally, growing smartphone penetration, as well as mobile applications, is expected to favor the market growth. Convenient claim service is also expected to contribute to the overall market growth over the forecast period. Mobile phone insurance helps avoid ex