The Global Dealer Management Systems Market was $2.4 Bn in 2020, and it is expected to reach $4.7 Bn by 2030. It is eventually growing at a commendable high compound annual growth rate CAGR of 7.0% between 2020-2030. The dealer management system provides a centralized application that helps to collect the inventory information of the customer and vehicle. The management system covers customer relationship management, pre-sales, vehicle sales, financial accounting information, and workflow automation. The rising adoption of fleet management analytics drives the growth of this dealer management systems market. Moreover, in the current pandemic of COVID-19 might make a slight difference in the growth rate in the current year. Now, Moving forward, robust demand for Global Dealer Management Systems Market in the dealership department is further estimated to create new necessities and augment the market of growth over the forecast period of 2020-2030.
Global Dealer Management Systems Segment Is Estimated to Witness Remarkable Growth
Source: SAI Research
The global Dealer Management Systems market is segmented as a deployment model and application. By deployment model, the global dealer management systems market is divided as Introduction, On-Premise, Cloud, Public, and Private. By application, the global dealer management systems market is bifurcated as Transport & Logistics, Fleet Management Subscription Services, Construction, Oil & Gas, Mining, Agriculture, Marine, and Motor Sports
By Region, Asia Pacific is Holding the Major Market Share
The global Dealer Management Systems Market has been geographically segmented into North America, Asia Pacific, Latin America, Middle East, and Africa region. In addition to this, Asia Pacific has a significant share among those regions. The massive demand for the dealer management systems from the logistics and transportation sector is expected to increase the growth in the forecast periods. However, the motorsports and marine sectors offer significant growth opportunities in the dealer management systems market. Apart from the Asia Pacific, North America and the Rest of the regions are expected to increase the growth rate over the upcoming forecast period of 2020 to 2030
Major Players in Global Dealer Management Systems Market
The report covers a detailed outlook of the company, and it includes the market share and company or industry profiles of key players operating in the global market. Key players in the report include Frazer, Wipro, Infomedia, DealerSocket, Cox Automotive RouteOne, SmartCo Services, Automatrix, Dominion Enterprises, Auto/Mate Dealership Systems, Rapid Recon, VAuto, Reynolds and Reynolds, CDK Global, and Dealertrack, among others.
The Global Dealer Management Systems Market Has Been Segmented into:
Global Dealer Management Systems Market: By Deployment Model
Global Dealer Management Systems Market: By Application
Global Dealer Management Systems Market: By Region