Warranty Management System - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Warranty Management System Market is accounted for $2.65 billion in 2018 and is expected to reach $9.99 billion by 2027 growing at a CAGR of 15.9% during the forecast period. Some of the key factors influencing the market growth include increasing competition in automotive and manufacturing industries, rising warranty expenditure, growing demand for mobile & cloud-based solutions, and rising need for automation. However, the lack of qualified and skilled workforce is restricting market growth.
Warranty management includes the management of warranty and post-warranty support. Generally, it includes warranty registration claims submission, claims processing and settlement, fraud detection, returns management, supplier recovery, extended warranty marketing, replacement parts logistics, and inventory management.
Amongst Deployment Type, On-Premise segment is going to have a lucrative growth during the forecast period, as it benefits organizations with increased scalability, speed, and 24/7 service. On-premises deployment is popular mostly in large enterprises where information is very critical for business operations.
By Geography, North America is estimated to grow at the significant rate during the forecast period, due to quick adoption of all the new and emerging technologies and strong financial position of the region. The United States dominates the warranty management system market in the region. The country is witnessing healthy growth due to the rising acceptance of security of the data among small- and medium-scale firms.
Some of the key players in global Warranty Management System market are Techmark, Accel Japan, International Business Machines (IBM), Oracle, Pegasystems, PTC, SAP, Astea International, Industrial and Financial Systems (IFS), Infosys, Tavant Technologies, Tech Mahindra, Wipro, CAC Holdings Corporation, IBS QMS, BiOS, Inc., Sompo, and IFS.
Software Types Covered:
• Claim & Transaction Management
• Service Contract
• Warranty Intelligence
• Administration Management
• Other Software Types
Deployment Types Covered:
• Medium-Sized Business
• Large Business
• Small Business
End Users Covered:
• Supply Chain and Logistics
• Health Care
• Food & Beverages
• Industrial Equipment
• Heavy Machinery and Equipment
• Heating, Ventilation, and Air Conditioning (HVAC)
• Aerospace and Defense
• Communication Equipment
• Other End Users
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Select License Type
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.