Automotive Dealer Management System Market: Current Analysis and Forecast (2022-2028)

The Automotive Dealer Management System Market is expected to grow at a steady rate of around 5% during the forecast period. Dealers can use the automotive dealer management system (DMS) to manage business records. This software helps them to maintain and secure the data of the customers, deals, outgoing and incoming stocks. The factors like running the business effectively, providing real-time data, and helping to even make the business deal better and remove the inefficiencies. The key players in the market are now integrating artificial intelligence with dealer management systems to launch their enhanced products in the market. For instance, in 2021, Yana launched Yana chatbot which is fully integrated with Yana Dealer Management System that can be embedded into automotive dealers' website, or web chat channels providing virtual assistance and customer care services to enhance customer experience.

Insights Presented in the Report:

"Amongst services, cloud category to witness robust CAGR during the forecast period"

Based on services, the market is segmented into On-Site and Cloud. Cloud category to witness higher CAGR during the forecast period. The cost-effectiveness of the cloud software, increasing sales of the vehicle and growing dependency on online services further facilitate the growth of the global automotive dealer management system. For instance, according to the MMR analysis, in February 2021, the tekion crop. Comes up with a cloud-based platform with all the advanced features in the dealer management system market and automotive retail cloud.

"Amongst application, the inventory management to hold a significant share in the market in 2020"

Based on Application, the market is categorized into sales, finance, inventory management, dealer tracking, and customer relationship management. Among these, the inventory management to hold a significant share in the market in 2020. This is because improvements in resource utilization are assisting automotive industry players in making significant profits.

"Amongst type, the private category to hold a significant share in the market in 2020"

Based on type, the automotive dealer management system market has been classified into Public and private. The private category is to witness higher adoption during the forecast period. Public markets are scarce. Also. the services of the private sectors are highly appreciated by consumers thereby supporting the segmental growth as well as the growth of the DMS system. Additionally, there are fewer public companies offering these systems than private companies operating in the industry.

"APAC to hold a significant share in the market"

For a better understanding of the market adoption of the Automotive Dealer Management System industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. Globally, North America is the leading market for automotive dealer management systems due to the wide acceptance of advanced technology in the U.S. automotive industry, one of the major dealer management systems markets, and the concentration of major global players. It occupies a large share in the system market.

Reasons to buy this report:

The study includes market sizing and forecasting analysis validated by authenticated key industry experts.

The report presents a quick review of overall industry performance at one glance.

The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.

Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.

The study comprehensively covers the market across different segments.

Deep dive regional level analysis of the industry.

Customization Options:

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