Dealer Management Systems Market Is Driven By Increasing Demand For Managing The Operations

Dealer Management Systems Market Is Driven By Increasing Demand For Managing The Operations

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.

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Market Insights

The increasing demand for dealer management systems by the automotive sector has gained popularity within recent years due to features offered by it such as sales and financial management, inventory management and others. These features allow companies and manufacturers to maintain their work process systematically. Moreover, manufacturers deploy dealer management systems to advance dealer operations, inventory management, and remote help desk. Moreover, the dealer management system platform permits the business owners to supervise dealership operations more efficiently and allows them to make strategic enhancement in their workflow.

Based on the applications, the dealer management systems market has been segmented as transportation & logistics, fleet management,  construction, oil & gas, mining, agriculture, others. The fleet management segment accounts for the largest market share based on the application segment due to the early adoption of the dealer management systems platform by the companies. Moreover, the companies are using these systems platforms and services to improve their current working and to keep a tap on the financial and sales progress. Moreover, the dealer management systems also offer real-time information which results to generate more profit. However, transportation and logistics segments are expected to be the fastest-growing segment during the forecast period due to the increasing adoption of dealer management systems by the automotive industries.

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Asia-Pacific is expected to be the fastest-growing region for the dealer management systems market during the forecast period due to increasing urbanization and rising adoption of new technologies by the industrial verticals and users in the region. The increasing demand for the dealer management systems from the companies and manufacturing units associated with automotive, oil & gas, construction and agriculture industry is expected to drive the market in the region. China accounts for the largest market share in the region due to continuous innovation and the rise in the number of vendors is driving the growth of the market.

Some of the prominent players operating in the market 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.

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