Global Warranty Management Systems Market Insights Covering Market Dynamics and Competitive Scenario through 2022

In order to study the various trends and patterns prevailing in the overall market for Warranty Management Systems, Market Research Reports Search Engine (MRRSE) has included a new report titled “Warranty Management Systems Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future. Readers can access the regional as well as segment-wise analysis for acquiring precise information about the global market structure.

A research study on the global warranty management systems market has been recently published by MRRSE, estimating the market to rise at a CAGR of 12.80% between 2014 and 2022 and reach US$30.8 bn by the end of the forecast period.The report, titled “Warranty Management Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022”, states that the global warranty management systems market had reached a value of US$10.5 bn in 2013.

The global warranty management systems market has been analyzed on the basis of solutions, application, and regional distribution in this market study. Based on solution, the market is classified into software and services. The services segment leads the global market on account of the rising demand from OEMs. In 2013, the market segment accounted for around 79% of the global market. Analysts project it to maintain its dominance over the forecast period.

The warranty management systems software segment is also expected to report healthy growth in the near future. Improvements in the logistic infrastructure for the Internet, coupled with the increasing number of Internet providers working on the advancement of broadband networks, are likely to add to the growth of this segment, reports the study.

By application, the report segments the global market for warranty management systems into the markets for industrial equipment, automotive, heavy machinery and equipment, defense and aerospace, HVAC, food and beverages, communication equipment, healthcare, furniture, office equipment, and apparel. The healthcare segment dominates the global market at present. It occupied a share of 21% in the overall market in 2013 and is projected to retain its leadership over the forecast period, as per the report.

The global market for warranty management systems is spread across Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa, states the research report. Among these, North America has emerged as the leading regional market. In 2013, the warranty management systems market in North America occupied almost 38% of the market across the globe. The increasing expenditure on warranty management systems in order to improve the quality of the products to meet consumers’ demand is attributed to the growth of the North America market for warranty management systems.

The demand for the various offering offered by WMS providers for particular industry differs based on in specific industry requirement. Increased investment by warranty management vendors to penetrate within the warranty management systems market to expand its customer base, enhanced modes of processing warranty claims and safe modes of interaction have all contributed to the growth of warranty management systems market, worldwide The report provides a cross-sectional understanding of the warranty management systems market across the globe which includes North America, Latin America, Europe, Asia Pacific, and Middle East and Africa.

In addition, the report describes a competitive landscape within the warranty management systems market and describes numerous business strategies taken up by the leading warranty management vendors. In addition, report provides competitive analysis of on-premise and cloud-based warranty management systems. It further explains the growth of each of this market segment within various geographies and the reason for the market growth per region. The report also provides iformation about thr key vendors in company profiles section and the strategies used by them to achieve competitive edge and recent developments along with consolidated revenue generated by each of the companies. Some of the companies profiled in the report include PTC, Inc., Pegasystems, Inc., Tavant Technologies, Inc., SAP SE, Oracle Corporation, Astea International Inc., Zafire Ltd., Snap-on, and Simply Warranty among others.