Key Market Dynamics in Mobile Handset Protection Market

Posted August 25, 2021 by Rahul_Gautam

Why is Demand for Mobile Handset Protection Services Shooting Up?
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.

Additionally, as smartphones are majorly used for surfing the internet and conducting important transactions, there is a major threat of these devices getting exposed to harmful third-party applications and content, that might cause considerable damage. This is another factor driving the expansion of the mobile handset protection market. Geographically, the demand for mobile handset protection services will soar in North America in the forthcoming years, as per the estimates of the market research company, P&S Intelligence. As consumers in the U.S. depend heavily on their mobile network operators to solve their issues, the mobile handset protection services are being extensively adopted in the region.

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.
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Categories Automotive , Business , Industry
Tags asia mobile handset protection market , mobile handset protection market , mobile handset protection market 2021 , mobile handset protection market demand , mobile handset protection market share
Last Updated August 25, 2021