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Dealer Management Systems Market By Solutions (Software, Services), By Deployment (On-Premise, Cloud), By Applications (Transportation & Logistics, Fleet Management, Construction, Oil & Gas, Mining, Agriculture, Others) - Growth, Future Prospects, And Competitive Analysis, 2019 – 2027

Increasing Technological Advancement Has Increased the Demand for Dealer Management Systems Market

Globally, the dealer management systems market is expected to grow with a CAGR of 7.60% during the forecast period from 2019 to 2027 and is expected to register a market value of US$ 11.60 Bn in 2027. A dealer management system is a system that is used to provide a centralized application for collecting customer and vehicle inventory information. These systems cover the information associated with pre-sales, vehicle sales, financial accounting information, customer relationship management, and workflow automation. Various manufacturers utilize dealer management systems to enhance their workflow, improving their dealer operations, customer retention, and inventory management.

The rising demand for fleet management analytics is one of the major factors driving the market's growth. These systems provide the information in real time, perform automated tasks, and offer valuable insights from the data collected, creating valuable strategies for profitable growth. Similarly, introducing new technologies such as autonomous cars and connected vehicles is also anticipated to fuel the market's growth.

Market Synopsis

Dealer Management Systems with On-Premise in its Deployment Segment Continue Dominating the Market

In 2018, the overall dealer management systems market was led by the on-premise segment in its deployment segment, contributing to a high percentage of the market share of the total revenue generated globally in 2018 with a market share of more than 60.0% and is expected to grow with a significant CAGR during the forecast period as the companies and manufacturing units have been deploying the software within their premises due to security concerns. Additionally, the on-premises software systems allow the staff to access the data physically. However, the increasing adoption of cloud is expected to be the fastest-growing segment during the forecast period.

North America Dominates the Market by Region

North America led the global dealer management systems market with a market share of more than 40.0% in 2018. The increasing advancement in the technologies and production of new software by the companies is one of the major factors driving the growth of the market in the region. Additionally, various companies such as DK Global LLC and The Reynolds and Reynolds Company, among others in the area, offer different solutions associated with dealer management systems to the industrial verticals leading to driving the market.

Some of the prominent players operating in the dealer management systems are Ideal Computer Systems, Velosio, Gemini Computer Systems, Irium Software, Adam Systems, Quorum Information Technologies, BiT Dealership Software, CDK Global, Blue Skies Business Solution, Dealertrack, Excellon Software, Elva DMS, The Reynolds and Reynolds Company, and XAPT Corporation.

Historical & Forecast Period

This research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segment was calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The dealer management systems market report provides market size and estimates based on market dynamics and key trends observed in the industry. In addition, the report provides a holistic view of the global dealer management systems market based on deployment, solutions, applications, and geography.

Frequently Asked Questions:

The market for Dealer Management Systems is expected to reach US$ 11.60 Bn in 2027.

The Dealer Management Systems market is expected to see significant CAGR growth over the coming years, at 7.60%.

The report is forecasted from 2019-2027.

The base year of this report is 2018.

Adam Systems, BiT Dealership Software, Blue Skies Business Solution, CDK Global, Dealertrack, Elva DMS, Excellon Software, Gemini Computer Systems, Ideal Computer Systems, Irium Software, Quorum Information Technologies are some of the major players in the global market.

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Published Date:  Dec 2019
Category:  IT & Telecom
Report ID:   60120
Report Format:   PDF
Pages:   120
Rating:    4.4 (69)
Delivery Time: 24 Hours to 48 Hours   
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