DUBLIN–(BUSINESS WIRE)–“The US Cell Phone Insurance Market (2022-2027) Impact of COVID-19 on Phone Type, Distribution Channel, Coverage, End-User, Competitive Analysis and Ansoff Analysis” was reported in Added ResearchAndMarkets.com Presentation.
The US cell phone insurance market is valued at US$7.58 billion in 2022 and is projected to reach US$12.84 billion by 2027, growing at a CAGR of 11.12%.
The US cell phone insurance market is segmented by phone type, distribution channel, coverage and end user.
By phone type, the market has been segmented into budget phones, mid- and high-end phones, and premium smartphones.
Distribution channel, the market is categorized into offline and online.
Coverage, Market is categorized into Physical Damage, Internal Component Failures, Theft & Loss Protection and Others
End User, the market is categorized into Business and Individual.
The report includes the Competitive Quadrant, a proprietary tool used to analyze and rank companies’ position based on their Industry Position Score and Market Performance Score. The tool uses a variety of factors to classify players into four categories. Some of these analysis factors are financial performance over the past 3 years, growth strategies, innovation scores, new product launches, investments, market share growth, etc.
The report provides a detailed Ansoff matrix analysis for the US cell phone insurance market. The Ansoff Matrix, also known as the Product/Market Detail Grid, is a strategic tool used to formulate a strategy for a company’s growth. The metrics can be used to assess attitudes across four strategies. Market development, market penetration, product development and diversification. The metrics are also used for risk analysis to understand the risk associated with each approach.
The analyst analyzes the US cell phone insurance market using Ansoff metrics to provide the company with the best approach to improve its market position.
Based on the SWOT analysis of the industry and the industry players, the analyst has formed an appropriate strategy for the growth of the market.
Key features of the report:
Complete market analysis including parent industry
Key market dynamics and trends
Historical, current and estimated market size by value and volume
Market share and strategies of major players
Tips for companies to strengthen their market position
Main topics covered:
1 Report Details
2 research methodology
4 Market Dynamics
4.1.1 Increased risk of non-payment
4.1.2 Promotion of the digitization of financial services
4.1.3 Growth in Business Operations
4.1.4 Tightening of Terms and Conditions
4.2.1 Complex Governing Rules
4.2.2 Increases the cost of doing business
4.3.1 Advances in Technologies
4.3.2 Demand for Customized Business Services
4.4.1 Fraud and Cyber Attack Concerns
5 Market Analysis
5.1 Regulatory Scenario
5.2 Analysis of Porter’s five forces
5.3 Effects of COVID-19
5.4 Ansoff matrix analysis
6 US cell phone insurance market, by phone type
6.2 Budget Phone
6.3 Mid and High End Phones
6.4 Premium Smartphones
7 US Cell Phone Insurance Market by Distribution Channel
8 US cell phone insurance markets, by coverage
8.2 Personal Injury
8.3 Internal component error
8.4 Theft and Loss Protection
8.5.1 Electronic Damage
8.5.2 Virus Protection
9 US cell phone insurance market, by end user
10 competitive landscapes
10.1 Competitive Quadrant
10.2 Market Share Analysis
10.3 Strategic Initiatives
10.3.1 M&A and Investments
10.3.2 Partnership and Cooperation
10.3.3 Product Development and Improvement
Mention of companies
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