Gadget Insurance Market - Global Forecast 2025-2032

As businesses deepen their reliance on digital tools and flexible workplace structures, gadget insurance emerges as a pivotal safeguard for operational continuity and technology investment protection. Leaders now face elevated expectations to secure diverse device portfolios and ensure resilience in evolving business environments.

Market Snapshot: Global Gadget Insurance Market

The global gadget insurance market demonstrates established upward momentum, expanding from USD 66.41 billion in 2024, with projections reaching USD 73.28 billion in 2025 and USD 152.31 billion by 2032. This trajectory is driven by digital transformation initiatives, an increased focus on technology procurement strategies, and the need to protect connected devices in modern workplaces. As enterprises deploy a broader range of devices and IT systems, they face new risks and rising expectations for service continuity, motivating demand for advanced and adaptive insurance solutions tailored to these operating realities.

Scope & Segmentation: Global Gadget Insurance Market

This report offers critical insight for senior leaders and procurement strategists tasked with fortifying enterprise technology environments against operational and financial risks. The analysis addresses segment-specific needs and regional variations, presenting actionable intelligence for building resilient device insurance and risk management programs.

• Device Types: Smartphone, laptop, tablet, gaming console, camera, and wearable insurance solutions cater to both company-owned and BYOD environments, providing risk management flexibility for distributed teams and varied asset inventories.
• Coverage Types: Plans cover accidental damage, liquid exposure, theft, and extended warranty requirements, helping organizations fulfill compliance and support the full lifecycle of diverse device fleets.
• Distribution Channels: Offerings are accessible through brokers, digital direct-to-customer platforms, insurer-branded portals, comparison tools, retail locations, and independent agencies, supporting organizations of any size with scalable adoption and procurement options.
• Price Tiers: Basic, standard, and premium plan options accommodate varying risk appetites and asset valuations, enabling leaders to align coverage with operational and financial priorities.
• Customer Types: Custom solutions serve both corporate and individual segments, recognizing differences in claims processes, contract terms, and operational objectives across diverse customer profiles.
• Regions Covered: The analysis spans the Americas, Europe, Middle East and Africa, and Asia-Pacific, with in-depth focus on regions such as the United States, Brazil, Germany, China, and India, supporting the development of compliant, region-specific strategies.
• Key Providers Analyzed: Benchmarking includes industry leaders such as Asurion, Allstate Protection Plans, Assurant, Allianz Partners, AXA Assistance USA, American International Group, Securranty, Worth Ave Group, Zurich American Insurance Company, and AT&T Mobility Insurance Services, enabling informed partnership and sourcing decisions.

Key Takeaways for Enterprise Technology Insurance

• AI and machine learning are redefining claims management workflows, improving speed and enabling advanced fraud detection for robust operational assurance.
• Rapid replacement services reduce downtime, supporting employee productivity and ensuring continuity for organizations with hybrid or remote teams.
• Collaboration among insurers, insurtechs, and fintech providers is producing modular insurance programs that flexibly adapt to unique client workflows and digital infrastructure requirements.
• Regulatory change and diverse device refresh cycles are prompting agile adjustments in insurance terms, helping multinationals and fast-growing businesses navigate compliance and risk landscapes across global operations.
• ESG-linked policy features and support for refurbished equipment demonstrate a shift toward sustainability, extending device use while aligning with responsible investment goals.
• Multi-channel digital engagement—via web, app, and broker platforms—gives enterprises new flexibility to refine coverage according to the needs of evolving device portfolios and expanding teams.

Tariff Impact and Insurer Response

Recent U.S. tariff policy changes are driving enterprises to revisit sourcing strategies and supply chain structures for technology hardware. In response, insurers are refining underwriting metrics, broadening coverage options, and strengthening links with device makers and distributors. These measures offer greater predictability and control over insurance costs in shifting global trade environments.

Methodology & Data Sources

The report’s conclusions are based on direct interviews with senior executives, targeted end-user surveys, and thorough industry report analysis. Inputs from subject-matter experts ensure data accuracy and provide relevant guidance for procurement and risk management stakeholders.

Why This Gadget Insurance Report Matters

• Supports executive decision-making on technology procurement, policy development, and compliance management in dynamic business settings.
• Provides a segmented overview of coverage models and distribution strategies, enabling tailored insurance choices for enterprise technology environments.
• Prepares organizations for regulatory and market shifts, aligning device protection approaches with international standards and emerging business needs.

Conclusion

Senior leaders can leverage this analysis to reinforce technology risk strategies, empower business continuity plans, and adapt technology insurance programs as workplace requirements and device ecosystems grow worldwide.

Additional Product Information:

• Purchase of this report includes 1 year online access with quarterly updates.
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