Securing the Future: Global Mobile Phone Insurance Market Set to Hit USD 75.13 Billion by 2030

The anticipated trajectory of the global Mobile Phone Insurance (MPI) Market indicates a projected value of USD 75.13 billion by 2030, showcasing a Compound Annual Growth Rate (CAGR) of 11.7% spanning from 2024 to 2030. The surge in smartphone usage among consumers for storing sensitive data and conducting online transactions has escalated the necessity for safeguarding mobile devices against both physical and technological hazards, consequently amplifying global awareness regarding the indispensability of mobile insurance. Given the fragile nature of smartphone displays prone to damage shortly after purchase, customers are increasingly opting for mobile phone insurance as a protective measure.