According to a new market research report published by Credence Research “Global Dealer Management Systems Market by Deployment (On-Premise, Cloud); Solutions (Software, Services); Applications (Transportation & Logistics, Fleet Management, Construction, Oil & Gas, Mining, Agriculture, Others) – Growth, Future Prospects, and Competitive Analysis,2019 – 2027”, the overall dealer management systems market has been expected to register a market value of US$ 11.60 Bn in 2027 and is set to grow with a CAGR of 7.60 % during the forecast period.
[Note: Our Free Complimentary Sample Report Accommodate a Brief Introduction To The Synopsis, TOC, List of Tables and Figures, Competitive Landscape and Geographic Segmentation, Innovation and Future Developments Based on Research Methodology are also Included]
In recent years, the increasing demand for dealer management systems in the automotive sector has gained popularity due to features offered by the sector, such as sales and financial management, inventory management and others. Such technologies make it possible for businesses and suppliers to consistently manage their work process. In addition, manufacturers deploy dealer management systems to advance dealer operations, inventory management and remote help desk. In addition, the dealer management system platform allows business owners to supervise dealership activities more effectively and encourages them to make strategic changes to their workflow.
Based on the applications, the demand for dealer management systems has been segmented as transport & logistics, fleet management, manufacturing, oil & gas, mining, agriculture, etc. The fleet management segment is the largest market share based on the application segment due to the early adoption by the companies of the dealer management systems platform. In addition, companies use these systems platforms and services to improve their current work and to keep pace with the progress of financial and sales. In addition, dealer management systems also provide real-time information that creates more income. Nonetheless, transport and logistics segments are expected to be the fastest-growing segment in the forecast period due to the increasing adoption of dealer management systems by the automotive industry.
Asia-Pacific is projected to be the fastest-growing area for the dealer management systems market during the forecast period due to increasing urbanization and the increasing adoption of new technologies by industrial verticals and users in the region. The growing demand for dealer management systems from companies and manufacturing units associated with the automotive, oil & gas, construction and agriculture industries is expected to drive the market in the region. China has the largest market share in the area due to continuous innovation and the increase in the number of suppliers is driving the growth of the industry.
Some of the leading players on the market are Ideal Computer Systems, Velosio, Gemini Computer Systems, Irium Software, Adam Systems, Quorum Information Technologies, BiT Dealership sofware, CDK Global, Blue Skies Business Solution, Dealertrack, Excellon Software, Elva DMS, The Reynolds and Reynolds Company and XAPT Corporation.