Warranty Management System Market, By Solution (Software and Services ), By Application, By Geography

Description

Global warranty management system market is estimated to be valued at US$ 6.13 Bn in 2024 and is expected to reach US$ 15.03 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 13.7% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 6.13 Bn
Historical Data for:	2019 to 2023	Forecast Period:	2024 to 2031
Forecast Period 2024 to 2031 CAGR:	13.70%	2031 Value Projection:	US$ 15.03 Bn

Figure. Warranty Management System Market Share (%), By Region 2024

Warranty Management System Market - IMG1

Global warranty management system market growth is driven by increasing need for managing complex warranty operations and improving customer experience across various industry verticals. Warranty management system allows businesses to effectively handle warranty registrations, claims processing, contract maintenance, and service/repair activities in a centralized and streamlined manner. It offers visibility into warranty terms and conditions, coverage periods, claims status and helpful insights to strengthen customer retention. With warranty programs growing in scope and complexity, leveraging warranty management software is becoming imperative for companies to gain a competitive edge in their post-sales service operations and maximize profitability over the lifecycle of a product.

Market Dynamics:

Growing complexity of warranty administration processes across industry verticals stemming from customized terms, global expansion of service networks, and various regulatory compliances has boosted demand for automated warranty management solutions. Rising need to enhance customer satisfaction by offering transparent, seamless and speedy warranty service also boosts adoption of warranty management systems. However, high initial investment costs for deployment and maintenance of these solutions can deter certain small and medium enterprises, thus, hampering the market growth. Furthermore, growing reliance on IoT and analytics capabilities to gather insightful warranty data for meeting evolving customer expectations as well as boosting profit margins can offer opportunities for market players in the near future.

Key features of the study:

This report provides in-depth analysis of the global warranty management system market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global warranty management system market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Clyde Technologies, Inc., Infosys Limited, Inspirisys Solutions Limited, Lumanu Inc., Mavrck, ONALYTICA, Oracle Corporation, Pegasystems Inc., PTC Inc., SAP SE, Simply Warranty, Snap-On Business Solutions, Inc., Tavant, Tech Mahindra, Upfluence
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
Global warranty management system market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global warranty management system market

Detailed segmentation:

By Solution
- Software
- Cloud -Based
- On -Premises
- Services
- System Integration & Consulting
- Business Process Outsourcing
- Application Maintenance
By Application
- Automotive
- Manufacturing
- Aerospace & Defense
- Food & Beverages
- Healthcare
- Others
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa
Key Players Insights
- Clyde Technologies, Inc.
- Infosys Limited
- Inspirisys Solutions Limited
- Lumanu Inc.
- Mavrck
- ONALYTICA
- Oracle Corporation
- Pegasystems Inc.
- PTC Inc.
- SAP SE
- Simply Warranty
- Snap-On Business Solutions, Inc.
- Tavant
- Tech Mahindra
- Upfluence

Product Code: CMI4340

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Solution
- Market Snippet, By Application
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- Market Opportunities
Regulatory Scenario
Industry Trend
Merger and Acquisitions
New System Launches/Approvals
Impact of the COVID-19 Pandemic

4. Global Warranty Management System Market, By Solution, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Software
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Cloud -Based
On -Premises
Services
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
System Integration & Consulting
Business Process Outsourcing
Application Maintenance

5. Global Warranty Management System Market, By Application, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Automotive
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Manufacturing
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Aerospace & Defense
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Food & Beverages
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Healthcare
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Others
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)

6. Global Warranty Management System Market, By Region, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
North America
- Regional Trends
- Market Size and Forecast, By Solution, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - U.S.
  - Canada
Europe
- Regional Trends
- Market Size and Forecast, By Solution, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - U.K.
  - Germany
  - France
  - Russia
  - Rest of Europe
Asia Pacific
- Regional Trends
- Market Size and Forecast, By Solution, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Latin America
- Regional Trends
- Market Size and Forecast, By Solution, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Middle East & Africa
- Regional Trends
- Market Size and Forecast, By Solution, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - South Africa
  - GCC Countries
  - Rest of the Middle East & Africa

7. Competitive Landscape

Company Profiles
- Clyde Technologies, Inc.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Infosys Limited
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Inspirisys Solutions Limited
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Lumanu Inc.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Mavrck
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- ONALYTICA
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Oracle Corporation
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Pegasystems Inc.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- PTC Inc.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- SAP SE
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Simply Warranty
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Snap-On Business Solutions, Inc.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Tavant
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Tech Mahindra
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Upfluence
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates

8. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

9. Reference and Research Methodology

References
Research Methodology
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