Mobile Phone Insurance Market Report: Trends, Insights, and Forecast for 2030

According to the study by Next Move Strategy Consulting, the global Mobile Phone Insurance (MPI) Market is predicted to reach USD 76.36 billion with a CAGR of 12.0% by 2030.

Mobile phone insurance (MPI) is a form of policy that provides coverage for replacement and repair costs of different smartphone brands. 

Increase in the use of smartphones by consumers to store private information and conduct online transactions has increased the need to protect mobile devices from physical and technological harm, which has raised awareness regarding the need for mobile insurance across the globe.

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