Automotive Dealer Management System Market
Market Insights on Automotive Dealer Management System covering sales outlook, demand forecast & up-to-date key trends
Automotive Dealer Management System Market : Global Industry Analysis 2016 - 2020 and Opportunity Assessment 2021 - 2031
Automotive Dealer Management System Market Overview
The automotive dealer management system is a centralized application that captures customer, vehicle and inventory information. It includes customer relationship management, pre-sales, vehicle sales, financial accounting information and workflow automation.
Automotive dealer management system avails the tools to dealers to run the business effectively by providing real-time data. The dealers can monitor operations from single interface, manage all financial part, and therefore, eliminating the daily inefficiencies.
Automotive dealer management system also helps in making better decisions by collecting the essential data and finding losses areas.The system allows car dealership to fulfill the demand of customers for reliable and quick purchases and services.
In addition, automotive dealer management system also helps to increase customer satisfaction by making sure that dealers are ready and equipped to provide the parts necessary for repairs and coordinating goods and services.
Thus rise in adoption of fleet management analytics and optimization of product lifecycle management are fuelling the growth of the automotive dealer management system market.
Impact of COVID-19 Pandemic Outbreak
Due to the spread of novel coronavirus, most of the employees or workforce were forced to work remotely. The governments across the world had imposed lockdown to control the spread of the virus. Thus to maintain the inventory information and customer insights the demand for automotive dealer management system increased significantly during the Q2 and Q3 of 2020.
As it was difficult to manually maintain the datasheet working remotely, a rise in adoption of cloud-based automotive dealer management system was seen for various applications. Also, in response to the COVID-19 pandemic, solution providers are taking special measures to meet the demand of customer’s for cloud-based system usage.
Thus owing to sudden shift to remote workforce, the cloud based solution deployment is expected to grow by 1.2X by end of Q4 2020.
Automotive Dealer Management System Market: Driver and Restraint
Growing Demand for Cloud-based Automotive Dealer Management System Market to Propel the Growth of Market
The demand for automotive dealer management systems from transportation & logistics sectors is expected to rise during the forecast period. The transportation & logistics industry is a major revenue contributor to the automotive dealer management system market.
As demand for cloud based automotive dealer management systems in these industries has increased, and this trend is anticipated to continue over the forecast period. Apart from the above mentioned sectors, the motor sports and marine sector offers various growth opportunities to the automotive dealer management system market.
The construction sector is another application contributing towards the growth of the automotive dealer management systems market. Adoption of cloud based automotive dealer management systems in the industry has seen a significant rise in the past few years.
High Costs Associated With Automotive Dealer Management Systems to Hinder Growth of the Market
Automotive dealer management systems are a bit complex when it comes to flexibility in terms of customization and they generally cost high. With technological advancements, modern automotive dealer management systems used in the industry are being optimized with web and mobile platforms.
Automotive dealer management systems are also supported by real-time analytics and smart features and these features tend to make these systems expensive, which, in turn, restrains their adoption to some extent and hinders the growth of market.
Automotive Dealer Management System Market: Competition Landscape
Examples of some of the market participants in the global automotive dealer management system market identified across the value chain include
- CDK Global
- Adam Systems
- Blue Skies Business Solutions Inc.
- BiT Dealership Software, Inc.
- Ideal Computer Systems
- Dealertrack, Inc.
- Excellon Software Pvt. Ltd.
- Elva DMS
- Gemini Computer Systems Ltd
- Irium Software
- PBS Systems, Inc.
- XAPT Corporation
- Quorum Information Technologies.
Automotive Dealer Management System Market: Regional Outlook
North America will continue to lead the regional share of the automotive dealer management system owing to high adoption of advanced technological products in this region. However, the demand for automotive dealer management system is anticipated to grow significantly in Europe and Asia Pacific region owing to the increasing sales of fleet vehicles in these regions.
Middle East and Africa is also expected to grow in the near future, due to rapid urbanization and rise in GDP in this region.
The automotive dealer management system market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The market report also maps the qualitative impact of various market factors on market segments and geographies.
The report covers exhaustive analysis on
- Automotive Dealer Management System Market Segments
- Automotive Dealer Management System Market Dynamics
- Automotive Dealer Management System Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved in the Market
- Technology Landscape
- Value Chain of the Market
- Market Drivers and Restraints
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Rest of Latin America)
- Europe (Germany, Italy, U.K, Spain, France, Nordic countries, BENELUX, Russia, Rest of Europe)
- East Asia (China, Japan, South Korea)
- South Asia and Pacific (India, Malaysia, Indonesia, Singapore, Australia & New Zealand, Rest of South Asia and Pacific)
- Middle East and Africa (GCC Countries, Turkey, Northern Africa, South Africa, Rest of MEA)
Automotive Dealer Management System Market: Segmentation
The automotive dealer management system market can be segmented on the basis of component, deployment, application, and region.
- Automotive Dealer Management Solution
- Professional Services
- Managed Services
- Customer Relationship Management
- Dealer Tracking
- Inventory Management
- Marine & motorsports
- Oil & Gas
- Transportation and logistics