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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report summary : https://www.researchnester.com/reports/automotive-dealer-management-system-market/3759
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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