Automotive Dealer Management System Market To Flourish With Technological Advancements Launching In Forecast Period
Global Automotive Dealer Management System Market growing on
the backbone of rising vehicle sales.
According
to TechSci Research report, “Automotive Dealer Management System Market - Global Industry Size,
Share, Trends, Opportunity, and Forecast, 2017-2027”. Global
automotive dealer management system market is bound to expand in the forecast
years with impressive CAGR due to increase in the demand for better
facilitation of the automotive sales in the recent years. Growing demands for
the automotives from the population, who are inclined toward multiple vehicle
ownership, and rising dependency over the personal vehicles for the commutes is
responsible for the higher sales of the vehicles and thus driving the growth of
the global automotive dealer management system market in the upcoming five
years. Surge in the demand for customer relationship management systems, shift
from paperwork to the cloud based data collection and storage provides easier
access to the information for the dealers and thus experiencing surge in the
demands for the system and supporting the growth of the global automotive
dealer management system market growth in the next five years.
Rapidly
increasing investment in the automotive industry, and advancing the
technologies used for the better facilitation of the sales of automotives
coupled with rising adoptions of the cloud based technology and services that
supports the dealers in maintaining the customer relations as well as enhance
business also substantiates the growth of the global automotive dealer
management system market in the forecast years through 2027.
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The
global automotive dealer management system market segmentation is based on
service type, end use, application, regional distribution, and competitive
landscape. Based on service type, the market is differentiated between cloud
based and on site services. Cloud based services are anticipated to hold the
largest revenue shares of the market and dominate the market segment in the
upcoming five years on the account of cost effectiveness of cloud-based
software. Technological advancement, increasing sales of the vehicles and
growing dependency on the online services further facilitate the growth of the
global automotive dealer management system in the next five years.
By
end use, the market is divided between public and private. Private end users
are expected to hold the largest revenue shares of the market and dominate the
market segment in the upcoming five years on the grounds of growth in the
number of private companies offering these systems in the automotive industry.
Public market players are scarce. Also, the services of the private sectors are
highly appreciated by the consumers thereby supporting the segmental growth and
the growth of the global automotive dealer management system market in the
future five years. Based on application, the market is bifurcated into
inventory management, dealer tracking, customer relationship management, and
others.
Some
of the market players, dominating the global automotive dealer management
system market are :
·
CDK
Global LLC
·
The
Reynolds and Reynolds Company
·
DealerTrack
Holdings Inc.
·
Dominion
Enterprises
·
incadea
GmbH
·
International
Business Machines (IBM) Corporation.
·
Autofusion,
Inc.
·
BiT
Dealership Software, Inc.
·
Blue
Skies Business Solutions Inc
·
CDK
Global LLC
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“Asia Pacific region is anticipated to
dominate the regional market in the upcoming five years due to increasing sales
of the automotives in the region. Countries like China, India, Japan, with
large populations and thus increasing higher sales of the vehicles are actively
responsible for the growth of the global automotive dealer management system
market in the next five years. 1.5 million personal cars were produced in China
in the August 2021, that increased to 1.7 million in September 2021. Higher
exports of these vehicles to the other countries also adds to the growing
demands for the automotive dealer management systems thereby adding to the
market growth in the future years. Rapidly increasing disposable income of the
population steady growth of the economy, rising population in the countries
also play vital role in supporting the market growth. Global market players of
the automotive industry like Honda, Maruti, etc. are present in the region that
also add to the growing market demands. North America region is expected to
follow the growth shares in next five years with advancing technologies and
rapidly growing investments in the sector in the region,” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global management
consulting firm.
“Automotive Dealer
Management System Market - Global Industry Size, Share, Trends, Opportunity,
and Forecast, 2017-2027, Segmented By Service
Type (Cloud Based, On Site), By End Use (Public, Private), By Application
(Inventory Management, Dealer Tracking, Customer Relationship Management,
Others), By Region”, has evaluated the future
growth potential of global automotive dealer management system and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in global automotive dealer management system
market.
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