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 2023 to 2030 and is expected to register a market value of US$ 14.37 Bn in 2030. A dealer management system is a system that is used to provide a centralized application for collecting the 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 the dealer management systems for enhancing their workflow which results in to improve their dealer operations, customer retention and inventory management.

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

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

In 2021, 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 2020 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 also allow the staff to physically access the data. 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

The global dealer management systems market was led by North America with a market share of than more 40.0% in the year 2020. 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, there are various companies such as DK Global LLC, The Reynolds and Reynolds Company, among others in the region, which offers different solutions, associated to dealer management systems to the industrial verticals leading to drive 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 study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Dealer Management Systems market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Dealer Management Systems market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Dealer Management Systems market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Dealer Management Systems market?
• Which is the largest regional market for Dealer Management Systems market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Dealer Management Systems market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Dealer Management Systems market worldwide?