Dealer Management System Market Size Worth $10+ Billion by 2027 | Rising Adoption of Cloud Technology - Growth Report by The Insight Partners
The global dealer management system market size was valued at USD 6.98 billion in 2019 and is projected to reach USD 10.02 billion by 2027; it is expected to grow at a CAGR of 6.8% during 2020–2027.
New York, Jan. 03, 2023 (GLOBE NEWSWIRE) -- The Insight Partners published recent research study on “Dealer Management System Market Size, Share, Growth, Trends and Global Forecasts to 2027 - COVID-19 Impact and Global Analysis By Deployment (On-Premise and Cloud) and Application (Automotive, Mining, Construction, Agriculture, and Others)”; the global dealer management system market demand is fuelled by integration of artificial intelligence to revolutionize dealer management business, increasing integration of different management systems and growing advancements in automotive industry.
Download Sample PDF Brochure of Dealer Management System Market Size - Global Analysis with Strategic Insights at: https://www.theinsightpartners.com/sample/TIPTE00002462
Global Dealer Management System Market Study, Size, Share, Segmentations and Regional Scope:
Market Size Value in
USD 6.98 Billion in 2019
Market Size Value by
USD 10.02 Billion by 2027
CAGR of 6.8% from 2020-2027
No. of Pages
No. of Tables
No. of Charts & Figures
Historical data available
Deployment and Application
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Global Dealer Management System Market – Competitive Landscape:
Autosoft, Inc.; BIT Dealership Software, Inc.; CDK Global, Inc.; e-Emphasys Technologies Inc.; and Evopos Ltd are some of the key market players operating in the global dealer management system market. The listing of key players is derived by considering multiple factors such as overall revenue, current dealer management system product portfolio, geographical reach, new product launches, market initiatives, investment in technology upgradation, partnerships, and other market related activities. In addition to these players, there are several other important players operating in the dealer management system ecosystems which were studies analyzed during the course of this market research study, such as, Adam Systems, Cox Automotive, DealerBuilt, Dominion Enterprises, and Integrated Dealer Systems among others. Further, on January 2017, Cox Automotive introduced ‘Performance Management’ and ‘Business Intelligence’ tools to boost dealership management systems (DMS).
Inquiry Before Purchase: https://www.theinsightpartners.com/inquiry/TIPTE00002462
Dealership management systems enable auto dealers to fulfill the demands, such as swift and reliable purchases and services for customers. Additionally, the system helps to meet customer requirements by coordinating products and services and ensuring the dealers are ready and equipped to offer the parts required for repairs. Therefore, it simplifies the repair and maintenance services and inventory management. Besides, it allows seamless handling of financial reporting, payroll services, and cash flow management. The system integrates a suite of finest technologies, such as Customer Relationship Management (CRM), business intelligence and reporting, and inventory management. Auto dealers across the world are procuring dealer management systems for enhanced inventory management, customer conversions, and customer retention, along with a remote help desk. The increasing investments in the dealer management system, mounting adoption of cloud technology, and a shift from paperless work to automation are driving the growth of the dealer management system market. However, security concerns due to the lack of cybersecurity measures might hinder the market growth. Moreover, the rising demand for better inventory management, improved sales tracking, enhanced CRM, improved commission and insurance calculation, and technological advancements in dealer management systems, such as Artificial Intelligence (AI) and data analytics, would surge the global market growth during the forecast period. Real-time visibility, simplified business operations, and engaging customer communication are positively influencing the growth of the global dealer management system market.
Growing advancements in automotive industry and increasing integration of different management systemsdrives the growth of the global dealer management system market. advent of autonomous vehicles is among the major factors that are anticipated to bolster the market growth during the forecast period. However, the growing security concerns may hinder the market growth.
Speak to our Analyst: https://www.theinsightpartners.com/speak-to-analyst/TIPTE00002462
Impact of COVID-19 Pandemic on Dealer Management System Market Growth:
North America is at the forefront of adopting and developing new technologies, mainly due to favorable government policies to boost innovations, presence of a huge industrial base, and high purchasing power of people, especially in developed countries such as the US and Canada. Hence, any disruption in the growth of industries is expected to hamper the economic growth of the region. Presently, the US is the world’s worst-affected country due to the COVID-19 outbreak, with 25,817,939 confirmed cases and 436,051 deaths, as per the WHO data.
The pandemic situation compelled many countries to impose lockdown in 2020, which ravaged businesses in these countries and lead to the discontinuation of auto dealership operations. Dealer management systems help auto dealers to stay updated regarding the current market trends and changes. Thus, slump in the businesses of dealers also slightly hindered the growth of the dealer management systems market in 2020. However, as stated by Forbes, despite these conditions, dealerships in certain US states continued their operations, with formal permission from the US government to run the business during the pandemic as it is one of the crucial businesses, especially for the transport industry.
Quickly Purchase Premium Copy of Dealer Management System Market Growth Report (2020-2027) at: https://www.theinsightpartners.com/buy/TIPTE00002462
Key Findings of Study:
The global dealer management system market is segmented into five major regions—North America, Asia Pacific (APAC), Europe, the Middle East and Africa (MEA), and South America (SAM). In 2019, North America led the market, followed by Europe and APAC.
Significant strategic initiatives by several industry players are observed in the market; for instance, in January 2021, CDK Global, Inc. introduced Neuron, a Big Data platform connected to Fortellis automotive commerce exchange. The Neuron is designed to convert high volumes of industry information into actionable insights for dealers, original equipment manufacturers (OEMs), and third-party software developers. Further, in November 2020, Integrated Dealer Systems (IDS) launched Service360 to help dealers revolutionize their service and reduce repair event cycle time (RECT). The IDS Service360 is an end-to-end service solution that integrates seamlessly with the IDS Astra G2 dealership management system.
Browse other research published by The Insight Partners:
Auto Dealer Software Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type (DSM Software, CRM Software, Marketing Software, Other Software); Application (Web-Based software, Installed Software) and Geography
Inventory Management Software Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Type (Manually Managed Inventory System, Barcode Scanning System, Advanced Radio Frequency System (RFID)); By Application (Order Management, Asset Tracking, Service Management, Product Differentiation, Inventory Optimization); By Deployment Model (On-premise, Cloud); By Organization Size (Large, SMB); By End User (Manufacturing, Healthcare, Consumer Goods & Retail, Automotive, Energy); and Geography
Warehouse management System (WMS) Market to 2027 - Global Analysis and Forecasts by Component (Software, and Services), Implementation (On-Premises, and Cloud Based); Tier Type (Tier 1, Tier 2, and Tier 3), Industry (Manufacturing, Automotive, Food & Beverage, Healthcare, and Retail & Ecommerce)
Healthcare Inventory Management Systems Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component (Hardware, Software and Services), End User (Hospitals, Clinics, and Others) and Geography
Customer Communication Management Software Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Delivery Model (Standalone Solution, Integrated Solution); Organization Size (SMEs, Large Enterprises); Industry (BFSI, Retail, Hospitality, Healthcare, Government, Others) and Geography
Enterprise Customer Communications Management Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component (Solution, Services); Deployment (Cloud, On Premises); Enterprise Size (Small and Medium Enterprises, Large Enterprises); Industry (BFSI, IT and Telecom, Manufacturing, Retail, Energy and Utilities, Government, Others) and Geography
Customer Experience Management Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component (Solution and Service), Deployment Mode (On-Premise and Cloud-Based), Organization Size [Small and Medium Enterprises (SMEs) and Large Enterprises], Touchpoint (Call Center, Website, Mobile Application, Email, Social Media, and Others), and Industry Vertical (IT & Telecom, BFSI, Energy & Utilities, Government, Retail, Manufacturing, and Others)
Cash Flow Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component (Solution, Services); Deployment (Cloud, On-premises); Vertical (BFSI, IT and ITes, Construction and Real Estate, Retail and eCommerce, Government, Manufacturing, Healthcare, Others) and Geography
Artificial Intelligence Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Component (Hardware, Software, Services); Technology (Computer Vision, Machine Learning, Natural Language Processing, Others); Industry Vertical (Automotive, Healthcare, Manufacturing, Retail, BFSI, Others) and Geography
Data Analytics Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Component (Solution, Services); Type (Predictive Analytics, Prescriptive Analytics, Descriptive Analytics); Enterprise Size (Small and Medium-Size Enterprises, Large Enterprises); Deployment Type (Cloud, On-premises); Application (Enterprise Resource Planning, Supply Chain Management, Database Management, Human Resource Management); End-user (BFSI, IT and Telecom, Retail and E-Commerce, Transport and Logistics, Healthcare, Media and Entertainment, Others) and Geography
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Sameer Joshi
Press Release: https://www.theinsightpartners.com/pr/dealer-management-system-market