Pune, India, December 13, 2018 -- /360iResearch/ -- The report "Global Warranty Management Market - Premium Insight, Industry Trends, FPNV Positioning Matrix, Competitive News Feed Analysis, Company Usability Profiles, Market Sizing & Forecasts to 2024 (Q3 2018 Update)", published by 360iResearch, states that the global market was valued at USD 8,763.35 million in 2017 and is projected to reach USD 15,852.85 million by 2024, growing at a CAGR of 8.84% from 2017 to 2024.
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The major forces driving the growth of the warranty management market include the enablement of uninterrupted information and product flow and scalability for high-performance architecture. Moreover, high-cost warranty processes drive the adoption and customer-centric warranty coverage and enhanced customer experience for dealers are also some of the factors that are driving the market growth. However high training cost, automotive analytics and early warning system, and warranty management processes are largely ad-hoc and lack best practice may hinder the market growth. In the middle of difficulty lies opportunity such as the a holistic approach to tackle warranty, configured as business needs dictate, and integrated warranty management solution. The possible challenges for the market growth are big data issues and connectivity challenge, and collaborative technology. But key players in the market are overcoming the challenges with continual improvement and innovation.
Based on market, the global warranty management market is studied across Administration Management System, Claim Management System, and Warranty Intelligence System. Based on service, the global warranty management market is studied across Consulting Services, Managed Services, Professional Services, Support & Maintenance, and Training & Education. Based on software, the global warranty management market is studied across Administration Management, Claim Management, Service Contract, and Warranty Intelligence. Based on industry, the global warranty management market is studied across Aerospace & Defense, Automotive & Transportation, Banking, Financial Services & Insurance, Building, Construction & Real Estate, Consumer Goods & Retail, Education, Energy & Utilities, Government & Public Sector, Healthcare & Life Sciences, Information Technology, Manufacturing, Media & Entertainment, Telecommunication, and Travel & Hospitality. Based on deployment, the global warranty management market is studied across On-Cloud, and On-Premises. Based on geography, the global warranty management market is studied across Americas, Europe, Middle East & Africa, and Asia-Pacific.
The report features a competitive scenario of the warranty management market and provides inclusive analysis of key growth strategies adopted by major players. Key company profiled in the study are Astea International, Industrial and Financial Systems (IFS) AB, Infosys, International Business Machines Corporation, Oracle Corporation, PTC, Pegasystems, SAP SE, Tavant Technologies, Tech Mahindra Limited, and Wipro Limited.
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Miss. Shikha Sachan
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