Indian mobile phone insurance market to reach USD 3.12 billion by 2027 at a CAGR of 11.05% – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Indian Mobile Phone Insurance Market (2022-2027) by Phone Type, Distribution Channel, Coverage, End User, Competitive Analysis and Impact of Covid-19 with Ansoff Analysis” report has been added to from ResearchAndMarkets.com offer.
The Indian mobile phone insurance market is estimated to be worth USD 1.85 billion in 2022 and is projected to reach USD 3.12 billion by 2027, growing at a CAGR of 11.05%.
Market dynamics are forces that impact pricing and stakeholder behaviors in the Indian mobile phone insurance market. These forces create price signals that result from changes in the supply and demand curves for a given product or service. The forces of market dynamics can be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand and supply. Human emotions can also drive decisions, influence the market and create price signals.
As market dynamics impact supply and demand curves, policymakers aim to determine how best to use various financial tools to stem various strategies aimed at accelerating growth and reducing risk.
The Indian mobile phone insurance market is segmented on the basis of phone type, distribution channel, coverage and end user.
By type of phone, the market is categorized into budget phones, mid- and high-end phones, and high-end smartphones.
Distribution channel, the market is classified into offline and online.
Coverage, the market is categorized into physical damage, internal component failure, theft and loss protection, and others.
End user, the market is classified as business, individual.
The report provides a detailed analysis of competitors in the market. It covers the analysis of financial performance of listed companies in the market. The report also offers detailed information about recent development and competitive scenario of the companies. Some of the companies covered in this report are Syska Gadget secure, OneAssist, SyncNscan, Times Global, Onsite Go Mobile Insurance, Acko Mobile Insurance, etc.
The report includes Competitive Quadrant, a proprietary tool to analyze and assess the position of companies based on their industry position score and market performance score. The tool uses various factors to classify players into four categories. Some of these factors considered for analysis are financial performance over the past 3 years, growth strategies, innovation score, new product launches, investments, market share growth, etc
The report presents a detailed analysis of the Ansoff matrix for the Indian mobile phone insurance market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design business growth strategies. The matrix can be used to assess approaches in four strategies viz. Market development, market penetration, product development and diversification. The matrix is also used for risk analysis to understand the risk associated with each approach.
The analyst analyzes the Indian mobile phone insurance market using the Ansoff matrix to provide the best approaches a company can take to improve its position in the market.
Based on the SWOT analysis conducted on the industry and industry players, the analyst has designed appropriate strategies for market growth.
Main topics covered:
1 Description of the report
2 Research methodology
3 Executive Summary
3.2 Market Size, Segmentations and Outlook
4 Market dynamics
4.1.1 Increased risk of non-payment
4.1.2 Growing digitization of financial services
4.1.3 Increase in business operations
4.1.4 Growth of strict conditions
4.2.1 Complex governance rules
4.2.2 Adds more costs to do business
4.3.1 Technological advances
4.3.2 Request for personalized commercial services
4.4.1 Fraud and cyberattack issues
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 India Mobile Phone Insurance Market, By Phone Type
6.2 Telephone budget
6.3 Mid-range and high-end phones
6.4 High-end smartphone
7 India mobile phone insurance market, by distribution channel
8 India mobile phone insurance market, by coverage
8.2 Physical damage
8.3 Failure of internal components
8.4 Protection against theft and loss
8.5.1 Electronic damage
8.5.2 Virus Protection
8.5.3 Data protection
9 India mobile phone insurance market, by end user
10 Competitive Landscape
10.1 Competitive 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