Need for proper lifecycle management and demand for analytics for fleet management are set to drive the global dealer management system on to a higher growth trajectory – a steady Compound Annual Growth Rate of 6.7% over the period of 2018 and 2026. As per a comprehensive study by Transparency Market Research (TMR) the market worth of global dealer management system would be USD 10769.4 million by the end of the forecast period.
The process and operations management that witnesses streamlining and smoothening with these systems – propel the market’s growth notably. For instance, a number of dealers today are look CRN management and workflow automation to ensure a greater grasp, accuracy and precision in processes. And, since dealer management system offers just that. Besides, there are other benefits that accrue -financial accounting, and pre-sales and sales information.
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As these systems do their bit in improving inventory management and ensuring customer retention, more and more dealers across the world are deploying them for their operations in the business world. And, as adoption rate improves, so will the growth trajectory move on to a higher plane over the forecast period.
One of the industries that will drive notable growth in the global dealers management system market is the transport and logistics industry which thanks to rising disposable incomes is seeing both people and goods and services moving long distances.
Another significant arena would be that of construction which is set to see massive volumes – 85% – increase in the next 10 years. Besides, this growth will translate to a USD 15.5 trillion market worth in the period, 57% of which would be accounted for by India, China and the United States.
Asia Pacific to Grow at a Significant CAGR in the Global Dealer Management System Market over the Forecast Period
Thus it does not come as a surprise that China and India are contributing significantly to the growth of global dealers management system market. Besides, even in logistics and transportation the Asia Pacific (APAC) region will show tremendous growth, thanks to booming logistics. And, as connectivity between these nations improve; untapped opportunities will mark the landscape. It is also pertinent to note here that advanced economies are doing extremely well on the economic front, contributing positively to the logistics and construction front – the two industries that have a direct impact of expansion in economies.
It is also pertinent to note here that global dealer management system market is fragmented, credit numerous players flanking its landscape. Some of the notable players include Adam Systems, BiT Dealership Software, Inc., Blue Skies Business Solutions Inc., CDK Global, LLC, Dealertrack, Inc., Elva DMS, Excellon Software Pvt. Ltd., Gemini Computer Systems Ltd, Ideal Computer Systems, Irium Software, PBS Systems, Inc, Quorum Information Technologies.
The global dealer management system market is segmented as follows:
Global Dealer Management System Market, by Deployment Model
Global Dealer Management System Market, by Application
- Transport & Logistics
- Fleet management subscription services
- Oil & Gas
- Motor Sports
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