South America Automotive Dealer Management System Market to be Dominated by Cloud Based Solutions Through 2028
The South America Automotive Dealer Management System market is
expanding as a result of rising vehicle sales.
According to
TechSci Research report, “South America Automotive Dealer
Management System Market – By Region, Competition, Forecast and Opportunities,
2028, the South America Automotive Dealer Management System Market is
anticipated to register a robust growth during the forecast period 2024-2028. The South America Automotive
Dealer Management System market is growing on account of the rising demand for better
facilitation of automotive sales for the past years across all the countries of
the South America region. Growing demand for automobiles from the population,
which is inclined towards multiple vehicle ownership, and rising reliance on
personal vehicles for commuting are together driving the growth of the
automotive dealer management system market across the South America region.
Increased demand for customer relationship management systems, as well as a
shift from paper-based data collection and storage to cloud-based data
collection and storage, provides dealers with easier access to information, ultimately
resulting in an increase in demand for the system. This aspect supports the
growth of the South America automotive dealer management system market for the
forecast period.
Rapidly increasing investment
in the automotive industry, advancements in technologies used for better facilitation
of automotive sales, rising adoptions of cloud-based technology and services
that assist dealers in maintaining customer relations and enhancing business,
all contribute to the growth of the automotive dealer management system market
in the forecast years through 2028 across the region. With the outbreak of the
COVID-19 pandemic, Automotive Dealer Management System technology has been
rapidly deployed by numerous organizations to respond to different automotive dealers’
queries and other related information.
Browse over XX market data Figures spread through XX Pages and an in-depth TOC on the "South America Automotive Dealer Management System Market"
The South America Automotive
Dealer Management System market consists of a high number of companies. The
companies are working towards expanding their market reach by various
strategies that includes Merger & Acquisition, Collaboration, Agreement
& Partnership, Investment & Fundings, New Product Launch &
Enhancement and Award, Recognition & Expansion. For instance, in January
2020, DealerSocket, Inc., announced the acquisition of Auto/Mate, a dealer
management system supplier for automobile dealerships. The combination of
Auto/powerful Mate's dealer management system and DealerSocket's products,
provides auto dealers with a one-of-a-kind platform that combines innovative
software with the best service. In addition to that, in 2020, Integrated Dealer
Systems (IDS) introduced Service360 to help dealers revolutionize their service
and reduce repair event cycle time (RECT). IDS Service360 is a full-service
solution that works in conjunction with the IDS Astra G2 dealership management
system.
Based on service type, the
market is segmented into cloud based and on site. The cloud segment dominated
the market in 2022, owing to its enhanced data security for service type in
South America Automotive Dealer Management System. 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 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. Furthermore, consumers value
private-sector services, which is expected to support segmental growth and the
growth of the global 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 to devise country market segmentation, divided among
Brazil, Argentina, Colombia, Chile, Peru, Ecuador, Venezuela and Bolivia.
Key market players in the 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.
- VinSolutions, Inc.
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“Brazil dominated the market
in 2022 and is expected to dominate the market in the upcoming years due to
increasing sales of automotives in the country. Countries like Colombia,
Argentina, etc. are also experiencing higher sales of the vehicles which is a
factor actively responsible for the growth of the South America automotive
dealer management system market for the upcoming years. Rapidly increasing
disposable income of the population, steady growth of the economy, and rising
population across the region also play vital role in supporting the market
growth. Additionally, the region is expected to follow the rapid growth in the
market with advancing technologies such as Artificial Intelligence, along with
the rising investments in the sector.” said Mr. Karan Chechi, Research Director
with TechSci Research, a research based Global management consulting firm.
“South America 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, 2028F”, has
evaluated the future growth potential of South America Automotive Dealer
Management System
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 South America Automotive Dealer Management System Market.
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