Asia-Pacific Automotive Dealer Management System Market to be Dominated by Cloud Based Solutions Through 2028

Growing adoption of cloud technology along with the shift from paperwork to automation is driving the Automotive Dealer Management System market across the Asia-Pacific region.

According to TechSci Research report, “Asia-Pacific Automotive Dealer Management System Market – By Country, Competition Forecast & Opportunities, 2018-2028F,” the Asia-Pacific Automotive Dealer Management System Market is anticipated to register a robust growth during the forecast period, 2024-2028. The Asia-Pacific Automotive Dealer Management System market is growing on account of the rising demand for improved tracking of the sales data along with inventory management to improve the customer relationship and workflow automation. The market is expected to benefit from increased adoption of cloud technology and an increase in the demand for better inventory management in the forecast period. Additionally, the increased adoption of modern automotive technologies such as the internet of things and artificial intelligence is expected to drive market growth in the upcoming years.

An automotive dealer management system (DMS) is a software suite that provides powerful tools to dealers. The platform provides real-time insights, automates tasks, and converts data into profitable growth, all on a single platform designed specifically for a group of dealerships. Payroll services, seamless financial reporting, and cash flow management are also available through dealer management systems. The systems incorporate the most advanced technologies, including business intelligence and reporting, customer relationship management (CRM), and inventory management. They also help dealers improve customer conversions and retention by allowing them to run a remote help desk.

The next decade is to be defined by connected and autonomous vehicles. With advances in IoT, sensors, and machine learning, it is now possible to obtain vehicle data remotely, opening new avenues for automobile operation. Through such sensors, a DMS can now provide vehicle details such as actual mileage, kilometers driven, vehicle performance, issues, and so on, assisting technicians in analyzing vehicles in less time. This is especially important when many vehicles are waiting for repairs and technicians need to finish their work as soon as possible. The Next-Gen DMS should be compatible with these IoT devices and sensors, and it should use the data collected from these devices to make dealers' lives easier.

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Based on service type, the market is segmented into cloud based and on site. The cloud-based segment dominated the market in 2022 owing to its enhanced data security for service type in Asia-Pacific Automotive Dealer Management System Market. The cloud-based solutions are open and are expected to save time with streamlined integration that results in an increase of profits with real-time reporting for sales and service. Technological advancements, increased vehicle sales, and a growing reliance on online services all contribute to the growth of the cloud based automotive dealer management system market over the upcoming years.

Based on end use, the market is divided into public and private. The private end use segment dominated the market in 2022 due to the increase in the number of private companies offering these systems in the automotive industry. Public market participants are scarce. Furthermore, consumers value private-sector services, which is expected to support segmental growth and the growth of the Asia-Pacific automotive dealer management system market over the next five years.

Based on application, the market is fragmented into inventory management, dealer tracking, customer relationship management and others. The market analysis also studies the country segmentation, divided among China, India, Japan, Malaysia, Thailand, Indonesia, Vietnam, South Korea, Philippines, Singapore.

Key market players in the Asia-Pacific Automotive Dealer Management System market include:

• Keyloop Holdings (UK) Limited
• The Reynolds and Reynolds Company
• Dominion Enterprises
• Incadea GmbH
• International Business Machines Corporation
• Autofusion Inc.
• BiT Dealership Software, Inc.
• Blue Skies Business Solutions Inc.
• Dealer Track Holdings Inc.
• NEC Corporation

Various companies operating in the market follow strategies such as mergers & acquisitions, agreement, collaboration, & partnership, new product launches & enhancement, investment & funding, and award, recognition, & expansion, in order to stay competitive and have an edge over other market players. Additionally, companies are adopting cloud based softwares for the improvement of the customer experience. For instance, VUE DMS, a cloud-native automotive dealer management system solution, aims to provide digital security, flexibility, and efficiency to retail automotive dealers in order to meet rapidly changing market.

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“The region's never-ending increase in internet access, combined with numerous technological advancements such as 5G, blockchain, cloud services, Internet of Things (IoT), and Artificial Intelligence (AI), has significantly increased demand for high-response management systems in automotive dealerships. The Asia Pacific market is expected to grow significantly over the forecast period due to the region's high automobile production. In China, for example, approximately 1.5 million passenger cars were produced in August 2021, increasing to 1.7 million in September 2021. Furthermore, rising disposable income is expected to boost automobile sales across the region, which is expected to accelerate demand for automotive dealer management systems over the forecast period.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Asia-Pacific Automotive Dealer Management System Market By Service Type (Cloud Based, On Site), By End Use (Public, Private), By Application (Inventory Management, Dealer Tracking, Customer Relationship Management, Others), By Country, Competition Forecast & Opportunities, 2028,” has evaluated the future growth potential of Asia-Pacific Automotive Dealer Management System Market and provides statistics and information on market structure, size, share, and future 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 the Asia-Pacific Automotive Dealer Management System Market.

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