Published by Persistence MarketResearch
Posted on October 7, 2021
5 min readLast updated: January 30, 2026
The mobile handset protection market is set to grow at a 12.3% CAGR, reaching over US$ 51 Bn by 2026, driven by rising smartphone adoption and insurance trends.
Smartphones have become a basic necessity in this environment driven by communication and networking. The protection of this basic amenity is henceforth important and the importance of mobile handset protection is surging with several consumers opting for high protection for their expensive devices.
Protection against theft, breakage, mechanical breakdown or any other form of accident is being acknowledged by a large number of individuals and it only becomes imperative to protect their devices which are now an integral part in almost every aspect in one’s life. Persistence Market Research has crafted a new research report titled “Mobile Handset Protection Market: Global Industry Analysis (2012-2016) and Forecast (2017-2026)” and has included in-depth analysis on the various aspects of the global market.
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The IT and telecommunication vertical has been witnessing generations of development since the last few years. This time around, it’s 5G stealing the show. It does empower extensive machine-type communications supporting IoT. They are into adoption by several industry verticals as of now. Mission-critical applications are also catered to with low-latency communications. Conversational platforms using AI are the other trend catching up. They are expected to be all the more influential in the years to come.
In other words, the telecom vertical is on to balancing humans and AI for delivering an all the more satisfying customer experience. Edge computing is another adoption over here. Persistence Market Research, along with its team of insights-driven analysts and consultants, brings in the historic, ongoing, as well as the future perspectives pertaining to the IT and telecommunication vertical.
Global Mobile Handset Protection Market: Forecast Analysis
The global mobile handset protection market is anticipated to grow at a higher rate to register a robust CAGR of 12.3% throughout the period of assessment. In 2017, this market reflected a value of about US$ 18.2 Bn and is estimated to touch a market valuation higher than US$ 51 Bn by the end of the year of assessment.
Global Mobile Handset Protection Market: Competitive Dashboard
The analytical research report on mobile handset protection market includes a separate section on competitive landscape that covers analysis on major players operating in the market. The study covers profiles of key players such as Xinapse Systems Ltd., Toshiba Medical Systems Corporation Siemens Healthineers, Walmart, Best Buy, Apple Inc., Microsoft Corporation, AT&T Mobility, T-Mobile, Verizon Wireless, American International Group, Inc., CAN Financial Corp., Asurion LLC, Liberty Mutual and SquareTrade.
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Global Mobile Handset Protection Market: Factors Influencing Growth
The growth of the global market for mobile handset protection market is influenced by several aspects. Factors like rising adoption of smartphones at a global level, high growth of global insurance market, increasing accidents and incidences with smartphones and cost benefits associated with the purchasing a mobile handset protection policy as against replacing with a new device are driving the growth of the global mobile handset protection market.
Trends such as mobile insurance with mobile buyback solutions and securing personal information in addition to the security of the handset is also boosting the growth of the global market. However, high subscription charges are hindering the growth of the global market.
Global Mobile Handset Protection Market: Segmental Snapshot
The global market for mobile handset protection is segmented on the basis of protection provider, by pricing model, by sales channel and by region.
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The post The Mobile Handset Protection Market To Witness A Double-Digit CAGR From 2017-2026 appeared first on Lake Shore Gazette.
The article discusses the growth and trends of the global mobile handset protection market from 2017 to 2026.
Factors include rising smartphone adoption, insurance market growth, and cost benefits of protection policies.
Key players include Apple Inc., Microsoft Corporation, AT&T Mobility, and Asurion LLC.
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