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Warranty Management System Market to Witness an Outstanding Growth during 2020 – 2030 August 17, 2021
By Zaraki Kenpachi -
Warranty Management System Market: Introduction The global warranty management system market is anticipated to reach US$ 11.1 Bn by 2030. The warranty management system market is projected to expand at a CAGR of ~13% from 2020 to 2030. According to the report, North America was the highest contributor to the warranty management system market in 2019. The prominent market share of the region is due to the strong presence of wellestablished and technologically advanced players, which has played a crucial factor in market growth. High growth rate of gross domestic product (GDP) and signi몭cant economic stability of countries in the region, especially the U.S., supports the manufacturing sector and product development across various industries. Increasing Output of Manufacturing Industries and Awareness about Bene몭ts of WMS Warranty management systems help manufacturers minimize warranty costs by streamlining work몭ow related to warranty management, and reducing ine몭ciencies and redundancies of warranty processes. Moreover, WMS providers aim to automate the manual processes such as registration of products within sales channel, claims appeal, claims processing, transferring of qualitative information to process engineers, and supplier cost recovery to help manufacturers take decisions in time. The automotive industry is the most attractive industry for warranty management