Automotive Dealer Management System Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Component (Software and Services), Application (Inventory Management, Appointment Scheduling,

Automotive Dealer Management System Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Component (Software and Services), Application (Inventory Management, Appointment Scheduling, Customer Relationship Management, Dealer Tracking, and Others), Deployment (Cloud-Based and On-Premise), and Geography

The automotive dealer management system market size was valued at US$ 4.28 billion in 2023 and is expected to reach US$ 9.50 billion by 2031; it is estimated to record a CAGR of 10.5% from 2023 to 2031.

The automotive dealer management system market is segmented into five major regions—North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. North America dominated the automotive dealer management system market share in 2023, followed by Europe and APAC, respectively.

The demand for dealer management systems in the US is growing due to the increasing number of tech-savvy enterprises, such as Tesla, Ford Motor Co., and General Motor Co., that are willing to invest in next-generation technology. According to the National Automobile Dealer Association (NADA), in 2023, 16,835 franchised light-duty vehicle dealers sold 15.5 million vehicles. Total light-vehicle dealership sales topped $1.2 trillion to meet the growing demand for new light vehicles. Growing demand for light-duty vehicles among customers is driving the demand for automotive dealer management system market. Automotive dealer management systems help auto dealers manage and handle the entire buying and selling process of vehicles. Moreover, automotive manufacturers increase their investment to adopt dealer management systems equipped with varied features, including order management, sales tracking, customer relationship management (CRM), and finance management.

Cloud-based automotive DMS solutions are available on remote servers and accessible through the Internet. The cloud-based systems are becoming increasingly popular due to their affordability and flexibility. Cloud-based automotive DMS provides dealerships with the ability to access their data from anywhere, anywhere. These solutions are cost-effective, as they do not require substantial upfront capital expenditure on hardware or software. Due to the upsurging demand for cloud-based software, the majority of DMS vendors are offering cloud-based solutions. Cirrus Solutions, OneDealer, CDK Global, and Focus Softnet FZ LLC are among the key cloud-based DMS providers. Moreover, various automotive dealers across the world are testing cloud-based automotive DMS solutions. For example, in February 2023, Inchcape announced that it is carrying out due diligence and testing of the Tekion cloud-based DMS, which it plans to install across its UK dealer network. Such initiatives drive the automotive dealership management system market growth for the cloud segment.

SAP SE, Cox Automotive, Tekion Corp, Dealerbuilt, Dominion Dms LLC, Cdk Global Inc, Wipro Ltd, Garageplug Inc., Oracle Corp, Autosoft, Inc., Jeal Computer Services Pty Ltd, Aspire Systems, Nextlane, Automanager, SECL Group Corporation, PBS Systems, Gemini Systems, Excellon Software Pvt. Ltd., Auto/Mate, LLC, and Quorum Information Technologies Inc are among the key automotive dealer management system market players that are profiled in this market study.

The overall automotive dealer management system market size has been derived using both primary and secondary sources. exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the automotive dealer management system market size. The process also helps obtain an overview and forecast of the market with respect to all the market segments. also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights. This process includes industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the automotive dealer management system market.

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Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the automotive dealer management system (DMS) market.
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The key findings and recommendations such as specific country and segmental insight highlights crucial progressive industry trends in the automotive dealer management system (DMS) market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth market trends and outlook coupled with the factors driving the market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution