Asia-Pacific Mobile Insurance Market (2016-2023) - Research Nester

Asia-Pacific mobile insurance market was valued at USD 7.8 Billion in 2016 and is expected to reach to USD 17.6 Billion by the end of year 2023.

With the increasing prevalence of expensive household goods, cars and consumer electronics, insurance has become an unavoidable and often necessary cost in modern life. Most insurance specialists and even banks now offer insurance plans that cover theft, loss, malfunctions and damage of mobile phones. Many policies now also integrate enhanced technical support and additional protection features such as data backup facilities, allowing users to securely backup their phone data online. Mobile phones and smartphones in particular are also included in this. Asia Pacific mobile insurance market has grown at a rapid pace over the past few years and is anticipated to expand at a robust CAGR throughout the forecast period.

Market Size and Forecast

The market is further expected to expand at a robust CAGR over the period 2016-2023. With such a significant growth, Asia Pacific region will be the largest region for the mobile phone insurance market in near future. India, China, Japan & Singapore are being potential regions for this market due to a continuous increase in personal disposable income in the Asia-Pacific region.
Market Segmentation
Our in depth analysis of the Asia Pacific insurance market is segmented on the following basis:
By Risk Covered:
• Accidental Damage
• Physical/Liquid Damage
• Theft
• Damage due to fire
• Theft protection
• Unfortunate Accident
• Unauthorized calls
• Stolen
By Region
• India
• China
• Japan
• Singapore
• South Korea
• Australia
• New Zealand
• Rest of Asia Pacific
Growth Drivers and Challenges
The growth of Asia-Pacific mobile insurance market will be driven by the social media websites which will provide the effective platform to broaden the communication and marketing channels that are needed for launching new products and services. As a result, insurance providers will develop and deploy effective social media strategies in order to collect customer feedback, resolve queries in real-time, and provide product updates. Further, as the number of the consumers purchasing the insurance is increasing, Asia Pacific will present significant opportunities to the insurers resulting in the growth of the Asia Pacific mobile insurance market. Moreover, the market has also expanded due to the increase in the number of the mobile phones being purchased by the consumers and subsequently the rate at which they are purchased with warranties or extended warranties. Since Asia- Pacific is a region consists of the different countries, the rate of economic development and insurance penetration vary on a market to market basis. Mature markets, for example are more saturated which act as a restraint to the mobile insurance market.
Key players
• HL Assurance
o Company Overview
o Key Product Offerings
o Business Strategy
o SWOT Analysis
o Financials
• SoftBank
• NTT DoCoMo
• Syska Gadget Secure
• AppsDaily
• SyncNScan
• New India Insurance
• Vodafone Australia
• Optus
• Virgin Mobile Australia
Scope and Context
Overview of the Parent Market
Analyst View
The Asia Pacific insurance market is segmented as follows:
By Region
• India
• China
• Japan
• Singapore
• South Korea
• Australia
• New Zealand
• Rest of Asia Pacific
Market Dynamics
Supply and Demand Risk
Competitive Landscape
Porter’s Five Force Model
Geographical Economic Activity
Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent Trends and Developments
Industry Growth Drivers and Challenges
Key Information for Players to establish themselves in current dynamic environment

To know more about this research, kindly visit:

For Table of Content & Free Sample Report Contact:
Ajay Daniel
U.S. +1 646 586 9123
U.K. +44 203 608 5919
Follow Us on LinkedIn:
Follow us on Twitter:
Like us on Facebook:

Contact Details

Company Name: Research Nester
Issued By: Ajay Daniel
Phone: 16465869123
Address: 1820 Avenue M, Suite# 1113, Brooklyn, New York 11230 Phone : +1 646 586 9123
City: brooklyn
State: new york
Zip: 11230
Country: United States
Website: Visit the website

Keywords : Asia-Pacific Mobile Insurance Market,

by Ajay Daniel (few years ago!)

Latest Press Releases

The Mad Hatter Now Offer a Full Line of Hearth Products and Full Line of Grills

Diabetes Insulin Delivery Pens Market Research Report 2018

Dr Kapadia Provides Tips to Patients Interested in Hair Transplant Procedures

love vashikaran specialist

Solar Blanket Sales Market Report 2018

Spring Bottled Water Market Insights, Forecast to 2025

Biochemical Incubator Sales Market Report 2018

Quinine Sulphate Sales Market Report 2018

Automotive Chassisc System Market Insights, Forecast to 2025

2,6-Dicarboxypyridine market size in key regions like North America, Europe, Asia Pacific an..

Remove this press release ?

Due to extra work required to remove the press-releases we have started charging $1.99 for press release removal.

Your press release will be removed in 24 hours, once the payment has been received.

Search Press Release
e.g. Business, Computer, etc.