Global Dealer Management System Market Overview:
Dealer Management System (DMS) is a system based on a software platform that is utilized by the automotive dealers to manage activities related to the inventory of vehicles, customer information, cash, finance and wholesale deals, credit reports, and printing paperwork. Previously, in the traditional way of the dealer management system, the dealer needs to log in to separate system software to managed their business activities. But with the advancement in programming, DMS provides an efficient platform to manage whole business operations into a centralized hub of tools resulting in better organization, effectiveness, and finally more deals. The different features offered by DMS are real-time updated inventory information, integrated CRM with marketing automation features, customer account management with financing interface, payment management, eCommerce interface, online ordering, and retailing and lending management interface.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
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:
Rising demand for better inventory management and improved sales tracking and Increase in demand for customized software solutions
Market Growth Drivers:
The increasing investments in the dealer management systems and Increase in the adoption of cloud technology and shift from paperwork to automation
Challenges:
High maintenance and managing cost of the DMS and The complex process of implementation of DMS
Restraints:
Security concerns due to the lack of cybersecurity measures and High cost of the advanced dealer management system
Opportunities:
Increase adoption of dealer management system in emerging nations and Development of technology advancement in DMS which is cost-effective and efficient
Competitive Landscape:
The leading players in the market to avail competitive advantages integrate the technology which provides cost-effective and efficient software solutions which enhance the experience. Also, companies are creating strategic partnerships and collaboration to deliver value-based solutions in the digital edge.
Some of the key players profiled in the report are CDK Global (United States), COX Automotive (United States), DealerBuilt (United States), ADAM Systems (United States), Autosoft Inc. (United States), Bit Dealership Software, Inc. (United States), Dominion Enterprises (United States), e-Emphasys Technologies Inc. (United States), Evopos (Australia) and Integrated Dealer Systems (United States). Additionally, following companies can also be profiled that are part of our coverage like Frazer Computing (United States), Reynolds and Reynolds (United States), T-Systems (Germany), NEC (Japan), Pinewood Technologies (United Kingdom) and Yonyou (China). Analyst at AMA Research see United States Players to retain maximum share of Global Dealer Management System market by 2028.
Latest Market Insights:
On 1 Feb 2021, CDK Global, Inc., a leading retail automotive technology company, completed the acquisition of Austin-based Square Root. This acquisition is to build innovative solutions for dealers and OEMs that allow them to manage, analyze and grow their business.
In August 2023, e Automotive and RouteOne announced a collaboration to develop and deliver DMS and finance and insurance (F&I) solutions. The partnership will provide dealerships with a comprehensive suite of solutions to manage their sales, service, and finance operations.
What Can be Explored with the Dealer Management System Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Dealer Management System Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Dealer Management System
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 System 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 System 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 Automotive Sector, Industrial Associations, Government Regulatory Bodies, IT Industry, Technology Institutions and Dealers Organizations.
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.