Automotive Dealer Management System Market Growth, Outlook, Share, Segmentation Analysis, Revenue and Forecast 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.
Research Nester published a report titled “Automotive Dealer Management System Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of theglobalautomotive dealer management system market in terms of market segmentation by deployment, function, application, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global automotive dealer management system market is estimated to occupy a sizeable amount of revenue by growing at a CAGR of ~7% during the forecast period, i.e., 2022 – 2030, owing to the rising requirement to manage vehicle dealing effectively, and increasing demand for innovative automobile technologies around the world. Apart from these, growing adoption of cloud technology, and escalating need for better inventory management are also expected to significantly drive market growth in the forthcoming years.
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The market is segmented by deployment, function and application. Based on deployment, the cloud segment is anticipated to occupy the largest share during the forecast period on the back of high cost-effectiveness of cloud, and rising investments to deploy advanced software in organizations worldwide. Additionally, by application, the customer relationship management segment is projected to grab the largest share over the forecast period attributing to the ability of these systems to effectively track service level agreements for taking necessary actions.
Geographically, the global automotive dealer management system market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. North America region is evaluated to grab the largest share in the market during the forecast period attributing to the growing research and development activities in advanced automotive technologies in the region. Moreover, the market in Asia Pacific is assessed to grow by a noteworthy rate in the future owing to the high automobile production, and increase in disposable income of the people in the region.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
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Rising Need for Effective Management of Vehicle Dealing to Boost Market Growth
With the rising sales of automobiles, there is a mounting requirement for appropriate management of vehicle dealing among companies involved in spare parts inventory and work order management tasks. This is expected to raise the demand for automotive dealer management system to track and improve manufacturer and customer relationship, which in turn is predicted to fuel market growth significantly in the near future.
However, surging number of cyberattacks globally is expected to operate as key restraint to the growth of the global automotive dealer management system market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global automotive dealer management system market which includes company profiling of CDK Global, Inc., 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, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global automotive dealer management system market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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