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AUTOMOTIVE & TRANSPORTATIONDISCOUNT VALID TILL 31st-JANUARY , 2022

Automotive Dealer Management System Market Segmentation by Deployment (On-Premise, and Cloud); by Function (Customer Service, Data Reports, and Inventory Management); and by Application (Customer Relationship Management, Dealer Tracking, Finance, Inventory, and Sales) – Global Demand Analysis & Opportunity Outlook 2030

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Extensive insights into the Growth of Automotive Dealer Management System Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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IN THE NEWS

  • January 2021- CDK Global, Inc. introduced Neuron, which is a big data platform designed to convert high volumes of data generated in the automotive industry into actionable insights for dealers.

  • February 2020- Autosoft launched next generation retail solutions for automotive dealers. It is a cloud-based, all in one technology platform for automotive franchise dealers.

Global Automotive Dealer Management System Market Highlights 2022 – 2030

The global automotive dealer management system market is estimated to garner a sizeable revenue and grow at a CAGR of ~7% over the forecast period, i.e., 2022 – 2030. The growth of the market can be attributed to the increasing requirement to manage vehicle dealing effectively, and growing demand for use of innovative automotive technologies across the globe. Along with these, escalating adoption of cloud technology, and upsurge in the need for better inventory management are projected to offer lucrative opportunities to the market in the forthcoming years. By the end of 2021, more than 80 percent of all the organizations in the world would have already adopted a multi-cloud strategy. Also, about 65 percent of enterprises already operate on cloud-based environments. Furthermore, rise in adoption of modern technologies in the automotive industry such as internet of things and artificial intelligence is also expected to drive market growth in the near future.

Automotive Dealer Management System Market Graph

The market is segmented by application into customer relationship management, dealer tracking, finance, inventory, and sales, out of which, the customer relationship management segment is anticipated to hold the largest share in the global automotive dealer management system market. This can be accounted to the effective tracking of service-level agreements provided by these systems to take necessary actions and improve business efficiency. Additionally, on the basis of deployment, the cloud segment is assessed to grab the largest share during the forecast period owing to the cost effectiveness of cloud-based software as compared to on-premise software. Apart from this, growing investments in the deployment of advanced software by organizations is also predicted to boost the growth of the market segment in the years to come.CLICK TO DOWNLOAD SAMPLE REPORT

Major Macro-Economic Indicators Impacting the Market Growth

Research and Development Expenditure Graph

The never-ending growth in internet accessibility around the world along with numerous technological advancements comprising 5G, blockchain, cloud services, Internet of Things (IoT), and Artificial Intelligence (AI) among others have significantly boosted the economic growth in the last two decades. As of April 2021, there were more than 4.5 billion users that were actively using the internet globally. Moreover, the growth in ICT sector has significantly contributed towards GDP growth, labor productivity, and R&D spending among other transformations of economies in different nations of the globe. Furthermore, the production of goods and services in the ICT sector is also contributing to the economic growth and development. As per the statistics in the United Nations Conference on Trade and Development’s database, the ICT good exports (% of total good exports) globally grew from 10.816 in 2015 to 11.536 in 2019. In 2019, these exports in Hong Kong SAR, China amounted to 56.65%, 25.23% in East Asia & Pacific, 26.50% in China, 25.77% in Korea, Rep., 8.74% in the United States, and 35.01% in Vietnam. These are some of the important factors that are boosting the growth of the market.

Global Automotive Dealer Management System Market Regional Synopsis

On the basis of geographical analysis, the global automotive dealer management system market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. The market in Asia Pacific is estimated to witness noteworthy growth over the forecast period on the back of high production of automobiles in the region. For instance, in China, approximately 1.5 million passenger cars were produced in August 2021, which increased up to 1.7 million in September 2021.

In addition, increasing disposable income of the people is projected to raise the sales of automobiles, which in turn is expected to accelerate the demand for automotive dealer management systems in the region. Moreover, the market in North America is anticipated to occupy the largest share during the forecast period owing to the increasing research and development activities in advanced automotive technologies, and strong footprint of prominent market players in the region.

Automotive Dealer Management System Market Share Graph

The global automotive dealer management system market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global automotive dealer management system market includes the following segments:

By Deployment

  • On-Premise
  • Cloud

By Function

  • Customer Service
  • Data Reports
  • Inventory Management

By Application

  • Customer Relationship Management
  • Dealer Tracking
  • Finance
  • Inventory
  • Sales

Growth Drivers

  • Increasing Requirement to Manage Vehicle Dealing Effectively
  • Growing Demand for Innovative Automotive Technologies Globally

Challenges

  • Upsurge in the Number of Cybersecurity Attacks Worldwide

Top Featured Companies Dominating the Market

  • CDK Global, Inc.
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis 
  • Autosoft Inc.
  • Bit Dealership Software, Inc.
  • RouteOne LLC
  • Epicor Software Corporation
  • MH Sub I, LLC dba Internet Brands
  • WHI Solutions, Inc.
  • e-Emphasys Technologies Inc.
  • DealerSocket, Inc.
  • Cox Enterprises

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