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Warranty Management Systems Market: Top Market Players - Oracle Corporation, PTC, Inc., Tavant Technologies, Inc., Simply Warranty, Pegasystems, Inc. to Lead Market

12-13-2016 02:09 PM CET | IT, New Media & Software

Press release from: TMR

Warranty Management Systems Market: Top Market Players - Oracle

A new Transparency Market Research report states that the global warranty management systems market stood at US$10.55 bn in 2013 on the basis of revenue and is anticipated to expand at a CAGR of 12.80% from 2014 to 2020. The title of the report is “Warranty Management Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 -2022.”

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.

Download PDF Brochure for Research Insights at http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=4664

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.

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.

Further, the report says that the Asia Pacific market for warranty management systems is likely to grow at a faster rate over the forecast period on account of the increasing demand for warranty management systems from various end users. With the rising number of production units of warranty management systems in Asia Pacific, this regional market is projected to rise at a CAGR of 16.50% during the forecast period.

The major participants in the global market for warranty management systems are Oracle Corp., SAP SE, Tavant Technologies Inc., Zafire Ltd., Pegasystems Inc., Astea Int. Inc., PTC Inc., Snap-On Business Solutions Inc., and Simply Warranty, notes the market study.

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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