What is 5G Mobile Phone Insurance Market Scope?
5G network was introduced in 2016 across the United States; thereafter several players are rushing to launch 5G smartphones in the market. The demand for 5G smartphones is significant among consumers. However, the cost of the phone is high, thereby; theft or other accident risks could pose a major financial burden on the user. Therefore, insurance coverage is getting more important among the 5G mobile users.
The 5G Mobile Phone Insurance market study is being classified and major geographies with country level break-up.
Allianz Insurance (Germany), AmTrust International Underwriters (Ireland), Assurant (United States), Asurion (United States), Aviva (United Kingdom), Brightstar Corporation (United States), Geek Squad (United States), GoCare Warranty Group (United States), Apple (United States) and AIG (United States) are some of the key players profiled in the study.
Analyst at AMA have segmented the market study of United States 5G Mobile Phone Insurance market by Type, Application and Region.
On the basis of geography, the market of 5G Mobile Phone Insurance has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
On 1 Dec. 2020, Assurant, a leading global provider of lifestyle and housing solutions that support, protect and connect major consumer purchases, announced the closing of its acquisition of HYLA Mobile, a leading provider of smartphone software, trade-in and upgrade services. The acquisition further strengthens Assurantís trade-in and upgrade programs and better positions the company for the upcoming 5G smartphone upgrade cycle.
Influencing Market Trend
- Premium 5G Phones are in More Demand
- Rapid Development of 5G Technology across the United States
- Growing Theft Risks Coupled with Increased Maintenance Cost
- Increasing 5G Smartphone Launches by the Players
- Warranty Offered by the Companies Could Hamper the Insurance Adoption
- Lower Awareness among the Consumers Regarding Insurance Benefits
Key Target Audience5G Mobile Phone Insurance Companies, 5G Mobile Phone Manufacturers, Regulatory & Government Bodies, Industry Associations, Upstream & Downstream Vendors, End Users and Others
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