If there’s one device which is synonymous with the information age, it is a mobile phone. A valuable possession in today’s fast paced communication driven environment, the mobile phone has undoubtedly brought people and cultures together, bridged the gap between continents, and streamlined business communication and operations. According to the observations of the International Telecommunication Union (ITU), the mobile subscription rate across the world per 100 individuals was 109 in 2019.
As this device plays a major role in ensuring that people stay connected with their loved ones, businesses run smoothly and efficiently, and customer queries are handled quickly and effectively, it needs to be protected against various accidental and liquid damages. This is why the demand for mobile handset protection is surging sharply across the world. Additionally, people are quickly realizing the need, value, and importance of handset protection, which is further boosting the demand for mobile handset protection, thereby causing the growth of the global mobile handset protection market.
Moreover, with the rising demand for better mobile handset protection services, many major insurance companies are providing excellent repair and replacement services to customers. For instance, a handset insurance program provides smartphone replacement services to the consumers who have lost their smartphones. These kinds of protection programs ensure that the consumers get their smartphones back quickly, in case of malfunctioning, damage, or loss of their original devices. These services also include mobile security and data backup, which ensure that maintenance of service with minimal disruption is provided to the consumers.
Hence, it can be said without any hesitation that owing to the rising penetration of smartphones, increasing incidence of mobile phones breaking down, and growing public awareness about the importance of handset protection, the demand for mobile handset protection services will surge all over the world in the coming years.
