Pre-COVID’s time, people used to visit stores themselves to purchase desired items or products. But COVID changed everything. It led everything online.
Anyone can make any purchase online. So, to maintain customer’s trust. Companies invested in Warranty Management System to ensure the best quality.
Like Amazon, where you buy, also, you can claim a warranty. Other companies are investing in the Global Warranty management system to ensure customer’s trust.
Expected growth in Warranty Management Systems:
So, every organization is investing in warranty management systems which is causing its growth. It is expected that it would grow by $7.2 Billion in 2027 from a mere $2.9 billion recorded in 2020. It is the CGAR of 13.1% which highlights a significant rise in its graph of growth.