Dealer Management System Market by Application (Automotive, Mining, Construction, Agriculture, and Others), Deployment (Cloud and On-Premise) and Geography - Global Industry Analysis, Opportunities and Forecast up to 2026

The global dealer management system market size was valued at $7,526.24 million in 2020, and is projected to reach $11,811.11 million by 2026, growing at a CAGR of 7.8% during the forecast period.

• The dealer management system market is expected to witness significant growth in the future due to the mounting adoption of cloud technology and shift from paperless work to automation.

• Additionally, the automotive industry has experienced numerous technological advancements. The impact of modern technology has shaped the industry over the course. The advent of digital technology across the world made it possible for automobiles to implement advanced solutions. For instance, Tekion Corp. rolled out a cloud-based platform with all functionalities of a dealer management system – Automotive Retail Cloud.

• However, growing security concerns are restraining the growth of the dealer management system market.

Auto retailers can offer clients quick and dependable buying processes and services due to dealer management systems. Furthermore, the system assists in meeting customer needs by allowing coordination between products and services and ensuring that dealers are ready and equipped with the parts needed for repairs; this streamlines the repair and maintenance process as well as inventory management. Financial reporting, payroll services, and cash flow management are all possible with the dealership management systems. Customer relationship management (CRM), business intelligence and reporting, and inventory management are among the technologies integrated into the systems. They also help auto dealers improve client conversions and retention while also allowing them to operate a remote support desk.

By Deployment, the Cloud Segment is likely to Supplement the Market

The cloud segment is likely to supplement the market during the forecast period. The demand for a cloud-based dealer management solution is growing rapidly. Cloud-based software is less expensive than on-premise software, and industrialised countries' robust network infrastructure encourages the adoption of cloud-based software. Various enterprises are planning to make substantial investments on advanced software to swiftly shift toward modern platforms integrated with advanced features. The use of cloud-based software has increased in the recent times. This is largely attributed to the benefits that cloud technology offers to enterprises. These benefits include easy support and maintenance service, quick set-up and deployment, easy upgrade facility and wide accessibility. Owing to the rising demand for cloud-based software, the majority of dealer management system vendors are offering cloud-based solution.

By Geography, North America Region is Projected to Strong Presence in the Global Market

North America is at the forefront of adopting and developing new technologies, owing to pro-innovation government policies, a large industrial base, and strong consumer purchasing power, particularly in industrialized countries like the United States and Canada. The US government, according to the National Automobile Dealers Association (NADA), allowed vehicle dealerships to operate during the pandemic. Demand for the system has increased in the region because vehicle retailers have reopened.

List of the Key Players Profiled in the Market Include:
• ADAM Systems
• Autosoft Inc
• Bit Dealership Software, Inc
• CDK Global
• COX Automotive
• DealerBuilt
• Dominion Enterprises
• e-Emphasys Technologies Inc
• Evopos
• Integrated Dealer Systems

What Can be Explored with this Research Report:
• Understand the key trends that will drive the market, challenges it faces in the current market scenario.
• Identify growth opportunities.
• Porter’s five force analysis.
• In-depth analysis of market segments, and regions/countries predicted to observed promising growth.
• Historical and forecast size of the market in terms of revenue (USD Million).
• Company profiling with key products and solution offerings, key financial information, SWOT analysis, and business strategies adopted.

Market Segmentation:

The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:

Market by, Application:
• Automotive
• Mining
• Construction
• Agriculture
• Transport & Logistics
• Oil & Gas
• Marine
• Other Applications

Market by, Deployment:
• Cloud
• On-Premise

Market by, Geography:
• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa

Table Of Content

1 Market Overview   
    1.1 Introduction  
    1.2 Research Objectives 
    1.3 Market Segmentation 
    1.4 Stakeholders  
    1.5 List of Acronyms  
     
2 Executive Summary   
     
3 Research Methodology  
    3.1 Identification of Data 
    3.2 Evaluation of Market Dynamics
    3.3 Collaboration of Data 
    3.4 Verification and Analysis 
    3.5 Data Sources  
    3.6 Assumptions  
     
4 Market Dynamics   
    4.1 Market Drivers  
            4.1.1 Mounting Adoption of Cloud Technology
            4.1.2 Shift from Paperless Work to Automation
    4.2 Market Restraints  
            4.2.1 Growing Security Concerns
    4.3 Market Opportunities 
            4.3.1 Rising Investments in the Dealer Management Systems
    4.4 Market Challenges  
            4.4.1 Lack of Integrations 
    4.5 Impact of COVID-19 on Dealer Management System Market
     
5 Porter's Five Force Analysis  
    5.1 Bargaining Power of Suppliers 
    5.2 Bargaining Power of Buyers 
    5.3 Threat of New Entrants 
    5.4 Threat of Substitutes 
    5.5 Competitive Rivalry in the Market
     
6 Global Dealer Management System Market by, Application
    6.1 Overview  
    6.2 Automotive  
    6.3 Mining   
    6.4 Construction  
    6.5 Agriculture  
    6.6 Transport & Logistics 
    6.7 Oil & Gas   
    6.8 Marine   
    6.9 Other Applications  
     
7 Global Dealer Management System Market by, Deployment
    7.1 Overview  
    7.2 Cloud   
    7.3 On-Premise  
     
8 Global Dealer Management System Market by, Geography
    8.1 Overview  
    8.2 North America  
    8.3 Europe   
    8.4 Asia Pacific  
    8.5 South America  
    8.6 Middle East & Africa 
     
9 Key Developments   
     
10 Company Profiling   
    10.1 ADAM Systems  
            10.1.1 Business Overview 
            10.1.2 Product/Service Offering
            10.1.3 Financial Overview 
            10.1.4 SWOT Analysis 
            10.1.5 Key Activities 
    10.2 Autosoft Inc  
    10.3 Bit Dealership Software, Inc 
    10.4 CDK Global  
    10.5 COX Automotive  
    10.6 DealerBuilt  
    10.7 Dominion Enterprises 
    10.8 e-Emphasys Technologies Inc 
    10.9 Evopos   
    10.10 Integrated Dealer Systems