Mobile Phone Insurance Market in India to Grow to USD 3.12 Billion by 2027 at a CAGR of 11.05% – ResearchAndMarkets.com

DUBLIN-(BUSINESS WIRE)–The report “India Mobile Phone Insurance Market (2022-2027) by Phone Type, Distribution Channel, Coverage, End User, Competitive Analysis and Impact of Covid-19 with Ansoff Analysis” has been added to ResearchAndMarkets.com supply.

The mobile phone insurance market in India is valued at USD 1.85 billion in 2022 and is expected to reach USD 3.12 billion by 2027, growing at a CAGR of 11.05% .

Market dynamics

Market dynamics is a force that influences pricing and stakeholder behavior in the Indian mobile phone insurance market. These forces create price signals that result from changes in the supply and demand curves for a product or service. The forces of market dynamics can be related to macro- and micro-economic factors. There are dynamic market forces other than price, supply and demand. Human emotions can also drive decisions, influence the market and create price signals.

As market dynamics affect supply and demand curves, decision makers seek to determine the best way to use different financial instruments to hedge different strategies to accelerate growth and reduce risks.

Market segmentation

  • The mobile phone insurance market in India is segmented on the basis of phone type, distribution channel, coverage and end user.

  • By phone type, the market is classified into budget phones, mid-range and high-end phones, and premium smartphones.

  • Distribution channel, the market is classified into offline and online.

  • Coverage, the market is classified into physical damage, internal component damage, theft and loss protection, and others.

  • End user, the market is classified into Business, Individual.

Company profiles

The report provides a detailed analysis of competitors in the market. It covers the analysis of the financial performance of publicly listed companies in the market. The report also offers detailed information on the recent developments of the companies and the competitive scenario. Some of the companies featured in this report are Syska Gadget secure, OneAssist, SyncNscan, Times Global, Onsite Go Mobile Insurance, Acko Mobile Insurance and more.

Competitive Quadrant

The report includes the Competitive Quadrant, a proprietary tool for analyzing and evaluating companies’ position based on their Industry Position Score and Market Performance Score. The tool uses various factors to categorize players into four categories. Some of these factors considered for analysis are financial performance in the last 3 years, growth strategies, innovation score, new product launches, investments, market share growth, etc.

Ansoff analysis

The report presents a detailed Ansoff matrix analysis of the mobile phone insurance market in India. The Ansoff Matrix, also known as the Product/Market Expansion Grid, is a strategic tool used to design company growth strategies. The matrix can be used to evaluate approaches in four strategies viz. Market development, market penetration, product development and diversification. The matrix is ‚Äč‚Äčalso used for risk analysis to understand the risk associated with each approach.

The analyst analyzes the mobile phone insurance market in India using the Ansoff matrix to provide the best approaches a company can take to improve its market position.

Based on the SWOT analysis conducted on the industry and industry players, the analyst has developed appropriate strategies for market growth.

Main topics covered:

1 Description of the report

2 Research methodology

3 Summary

3.1 Introduction

3.2 Market Size, Segmentation and Outlook

4 Market dynamics

4.1 Drivers

4.1.1 Increased risk of non-payment

4.1.2 Increasing the digitization of financial services

4.1.3 Increase in Business Operations

4.1.4 Growth under strict terms and conditions

4.2 Limitations

4.2.1 Complex management rules

4.2.2 Adds more costs to doing business

4.3 Opportunities

4.3.1 Advances in Technology

4.3.2 Search for personalized commercial services

4.4 Challenges

4.4.1 Fraud and cyber attack concerns

5 Market analysis

5.1 Regulatory scenario

5.2 Porter’s Five Forces Analysis

5.3 Impact of COVID-19

5.4 Ansoff matrix analysis

6 The Mobile Phone Insurance Market in India, by Phone Type

6.1 Introduction

6.2 Budget phone

6.3 Mid-range and high-end phones

6.4 Premium Smartphone

7 The Mobile Phone Insurance Market in India, by Distribution Channel

7.1 Introduction

7.2 Offline

7.3 Online

8 Mobile phone insurance market in India by coverage

8.1 Introduction

8.2 Physical Damages

8.3 Internal Component Damage

8.4 Protection against theft and loss

8.5 Others

8.5.1 Electronic failures

8.5.2 Virus protection

8.5.3 Data Protection

9 Mobile phone insurance market in India, by end user

9.1 Introduction

9.2 Business

9.3 Individual

10 Competitive landscape

10.1 Competition Quadrant

10.2 Market Share Analysis

10.3 Strategic Initiatives

10.3.1 Mergers and Acquisitions and Investments

10.3.2 Partnerships and Collaborations

10.3.3 Product Developments and Improvements

11 Company Profiles

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