February 09, 2012 06:08 ET

Market Research Projects Mobile Phone Insurance Market Growth at 28% CAGR Through 2016

ROCKVILLE, MD--(Marketwire - Feb 9, 2012) - has announced the addition of the new report "Mobile Phone Insurance Revenues by Country & Region Database: 2009 - 2016" to their collection of Wireless market reports. For more information, visit

Driven by the growing penetration of mid-range and high-end smartphones, the mobile phone insurance industry is increasingly gaining momentum. As device vendors intensely compete by launching new and unique Smartphone models, insurance companies are heavily capitalizing on device specific insurance plans.

With global revenues of over 8 Billion USD in 2011, the industry is set to grow at a CAGR of 28% over the next five years. By 2016, it is estimated that the industry would be worth 50 Billion USD. The "Mobile Phone Insurance Revenues by Country & Region Database: 2009 - 2016" tracks historical revenues and yearly forecasts for the global mobile insurance industry at both country and regional levels.

For more information, visit

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