Outcome
The battle was viewed by Sauron as a tactical defeat as he had committed only a small portion of his forces to the assault. Most grievous to him probably was the loss of the Witch-king, who was his chief lieutenant and an experienced and uniquely intimidating field commander.
The Captains of the West also understood that their victory would achieve only tactical significance if the Ring-bearer was unable to complete his task. Therefore, it was decided that the Host of the West should march to the Morannon without delay, in large part to draw Sauron's attention away from the interior of Mordor, where the Ring-bearer was (hopefully) operating. The strength of the Host of the West's victory left them with sufficient strength to "challenge battle" and still leave Minas Tirith better defended than it had been during the siege. They were also able to send a significant force north into Anórien to fight another Mordor army which had been intended to intercept the Rohirrim. Additionally, the force that marched to Mordor was strong enough to send a detachment to liberate Cair Andros (even though the detachment was composed of young soldiers whose fear had disheartened them) and to leave a detachment of archers to guard the Crossroads in Ithilien.
On the side of the Host of the West there had been significant losses. Denethor was dead, as were Halbarad, Théoden, and several other Gondorian and Rohirric senior officers. Additionally, Éowyn, Faramir, and Merry were incapacitated and were unable to participate in the remainder of the war.
Read more about this topic: Battle Of The Pelennor Fields
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