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.
- The increasing investments in the dealer management systems
- Increase in the adoption of cloud technology and shift from paperwork to automation
- Security concerns due to the lack of cybersecurity measures
- High cost of the advanced dealer management system
- Increase adoption of dealer management system in emerging nations
- Development of technology advancement in DMS which is cost-effective and efficient
- High maintenance and managing cost of the DMS
- The complex process of implementation of DMS
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 2026.
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.
On 5 May 2020, Autosoft, Inc., a leading national dealer management system (DMS) provider, has announced an approved integration certificate with Genesis. This partnership offers Genesis dealers a cost-effective DMS and provides dealers a value-based solution in a modern workspace. Also, it allows dealers to use a seamless integration with Autosoft DMS for orders, returns, repair orders, and retail delivery reporting.
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
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.
Frequently Asked Questions (FAQ):1. What is the growth rate predicted for the Global Dealer Management System Market?
The Dealer Management System market is expected to see a CAGR of % during projected year 2020 to 2026.
2. Who are the top performing companies in Dealer Management System Market?
Top performing companies in the Global Dealer Management System market 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), to name a few.
3. What trending factors would impact Dealer Management System Market growth most?
"Rising demand for better inventory management and improved sales tracking
" is seen as one of major influencing trends for Dealer Management System Market during projected period 2020-2026.