The warranty management system comprises software, hardware solution, it provides automation and helps in the easy tracking of the progress of claims. It is used in the manufacturing, automotive, supply chain, food, and beverages operations to manage the claim activities involved in industries. The system provides efficiency and faster claim operations intended to make the ease of claims to product repairs and replacements.This growth is primarily driven by Demand for Automation in the Warranty and CLaim Management Operation and Growing Demand for Warranty in Automotive Industry.
Globally, a noticeable market trend is evident The popularity of Customer Expectations and Product Safety Regulations
. Major Players, such as IBM Corporation (United States), Spiceworks (United States), ServiceMax (United States), PTC Incorporated (United States), Oracle (United States), Pegasystems, Inc. (United States), Wipro Limited (India), Infosys Limited (India), Tavant Technologies (United States) and Bobit Business Media etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
On 17th June 2019, Bobit Business Media, a leading B2B media provider and a portfolio company of Gemspring Capital announced the acquisition of the Warranty Chain Management Conference, a leader in the warranty and service contract-focused event industry.
"Warranty is a consumer experience involving manufacturing production, service, dealers, suppliers, as well as a large ecosystem of regulatory and product policies and decisions that must be executed to handle claims. Historically, warranty management has been relegated to an administrative back-office function, and so everyone involved suffers from several challenges and “pain points” that include Claims Processing Inefficiencies, Fraudulent Handling, Exception Handling, Customer Churn, etc. The cost of regulatory compliance and reporting is climbing. Regulations keep increasing in complexity. There are also corporate policies that need to be addressed."
- Demand for Automation in the Warranty and CLaim Management Operation
- Growing Demand for Warranty in Automotive Industry
- The popularity of Customer Expectations and Product Safety Regulations
- Integration of QR-Code-based Digital Warranty Management System
- Stringent Regulatory Compliances with Employee Monitoring Software
Surging Demand for Employee Monitoring Software from Developing Regions of the World
Stiff Competition in the Employee Monitoring Software Market
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Warranty Management System Study Sheds Light on
The Warranty Management System Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Warranty Management System industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Warranty Management System industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.
Frequently Asked Questions (FAQ):1. What is the growth rate predicted for the Global Warranty Management System Market?
The Warranty Management System market is expected to see a CAGR of % during projected year 2020 to 2026.
2. Who are the top performing companies in Warranty Management System Market?
Top performing companies in the Global Warranty Management System market are IBM Corporation (United States), Spiceworks (United States), ServiceMax (United States), PTC Incorporated (United States), Oracle (United States), Pegasystems, Inc. (United States), Wipro Limited (India), Infosys Limited (India), Tavant Technologies (United States) and Bobit Business Media, to name a few.
3. Which region dominated the worldwide market for Warranty Management System in 2020?
is dominating the Warranty Management System Market.