Global Dealer Management Services Market Overview:
Dealer management service offers a centralized application to collect customer as well as automobile inventory data. It is work with different function such as vehicle sales, customer relationship management and financial accounting information. There are various benefits of dealer management services including high flexibility for dealers in rapidly changing markets, recording & monitoring of customer satisfaction, better administration of key financial figures and sales data, and end-to-end services help dealers focus on core business.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
High Growth Market | Asia Pacific |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Increasing Demand for Cloud-Based Services, Fueling Demand IoT based Dealer Management Service and High Adoption Due to Fleet Management
Market Growth Drivers:
Increasing Awareness about Dealer Management Service and High Adoption in Transportation & Logistics Sectors
Challenges:
Concerns with the Customer Changing Expectations and Uncertain Business Scenario
Restraints:
Lack Of Skilled Professionals and High Cost of Dealer Management Service
Opportunities:
Huge Demand in Marine and Motor Sports Sector
Competitive Landscape:
The key manufacturers are targeting the innovations of the products with better quality, better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking upon mergers and acquisitions in order to maintain their presence in the market
Some of the key players profiled in the report are IBM (United States), COX Automotive (United States), CDK Global (United States), RouteOne (United States), DealerSocket (United States), Dominion Enterprises (United States), Wipro (India), Epicor (United States), SAP (Germany), Adam Systems (United States), BiT Dealership Software, Inc. (United States) and The Reynolds and Reynolds Company (United States). Additionally, following companies can also be profiled that are part of our coverage like Blue Skies Business Solutions Inc. (Canada), CDK Global, LLC (United States), Dealertrack, Inc. (United States), Elva DMS (United Kingdom) and Excellon Software Pvt. Ltd. (India). Analyst at AMA Research see United States Players to retain maximum share of Global Dealer Management Services market by 2028. Considering Market by Functions, the sub-segment i.e. Accounting will boost the Dealer Management Services market.
Latest Market Insights:
In September 2023, CDK Global and Ally Financial announced a partnership to integrate their DMS and financing solutions. The partnership will allow dealerships to streamline the financing process and provide customers with a more seamless experience
What Can be Explored with the Dealer Management Services Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Dealer Management Services Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Dealer Management Services
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Dealer Management Services market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Dealer Management Services market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Dealer Management Service Provider, Automobiles Industry, Government Regulatory Bodies, Government and Private Research Organization and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.