The global Warranty Management System is expected to grow a CAGR of 11.73% with a market size of around USD 8.70 billion by 2028. The Warranty Management System is facing significant changes due to Increasing Competition in Automotive and Manufacturing Industries
The warranty management automates the entire process which includes campaigns, coverage, warranty, supplier cost recovery, warranty, and various other things. Also, rising competition between manufacturing and automotive has led to a rise in the market in the coming years.
Rising market players have created opportunities in the market and there has been high growth in the region of APAC for manufacturing companies in terms of the warranty management market. Due to the rising demand from the customers, there has been a surge in the automation cost.
The Warranty Management System is segmented into North America, Europe, APAC, MEA, and Latin America. North America will grow with the highest market share due to rising market players in the region. The Asia Pacific will have the highest market share due to the rise in domestic demand and shift of focus to customer relationships.
The major players of the Warranty Management System are Oracle Corporation, Pegasystems Inc., PTC Inc., SAP SE, and various other players in the market. Most of the players are spread across various regions focusing on inorganic and organic strategies.
Segment Overview of Warranty Management System Market
Software Overview, 2018-2028 (USD Billion)
- Claim Management
- Service Contract
- Warranty Intelligence
- Administration Management
Service Overview, 2018-2028 (USD Billion)
- Professional Services
- System Integration
- Customization Service
Vertical Overview, 2018-2028 (USD Billion)
- Supply Chain & Logistics
Deployment Overview, 2018-2028 (USD Billion)
Regional Overview, 2018-2028 (USD Billion)
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia-Pacific
- Middle East and Africa
- Saudi Arabia
- South Africa
- Rest of Middle East and Africa
- South America
- Rest of Latin America