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Global Warranty Management System Market is expected to reach $9.99 billion by 2027 growing at a CAGR 15.9% during 2018 to 2027. - 14 Feb 2020
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.
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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.
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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.
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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
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments, and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- 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
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Release ID: 88946738
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