Global Auto Dealer Software Market Size By Type (E-Commerce, Electronic Signature, Business Intelligence And Reporting), By Application (Web-based Software and Installed Software), By Geographic Scope And Forecast
Global Auto Dealer Software Market Size By Type (E-Commerce, Electronic Signature, Business Intelligence And Reporting), By Application (Web-based Software and Installed Software), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Auto Dealer Software Market size was valued at USD 5.21 Billion in 2024 and is projected to reach USD 9.29 Billion by 2031, growing at a CAGR of 7.07% from 2024 to 2031.
The Auto Dealer Software market is expected to really take off, mainly thanks to awesome new tech and the need to keep better track of sales. We're also seeing improvements in how dealerships manage their inventory, and it's becoming way easier to figure out commissions and insurance costs. Plus, everyone's loving cloud-based software these days, especially in transport and logistics, and that's not slowing down anytime soon. Want the full scoop? Our Global Auto Dealer Software Market report gives you the whole picture – key segments, trends, what's helping and hurting the market, who's competing, and all the important stuff making a difference.
Global Auto Dealer Software Market Definition
The software that helps in enabling numerous dealerships to carry out their regular duties in relation to sales operations, activities relating to service, as well as finance, and many more, is known as auto dealership software. The software must be correct and systematic in how it operates because these functions depend on one another.
Additionally, the process of a dealership based on agreements and contracts with a sales subsidiary or occasionally an automaker on an online platform is known as the system of auto dealership management. The system of auto dealerships deals with a range of automobiles and also stocks a range of certified pre-owned automobiles. Automotive mechanics and salespeople, who are eager to sell autos, make up the labor in this system. While auto mechanics typically stock or sell spare-type vehicles as well as their parts with warranties and claims. Additionally, it offers the ability to maintain and service automobiles.
What's inside a industry report?
Our reports include actionable data and forward-looking analysis that help you craft pitches, create business plans, build presentations and write proposals.
Global Auto Dealer Software Market Overview
Want to keep tabs on your sales figures? Auto dealer software can help! It's a great way for dealerships to boost their overall business by streamlining everyday tasks. There's a whole range of software out there designed for this. One key feature is the ability to manage customer information – think contact details, past account activity, and purchase history. Vehicle tracking software helps dealers stay on top of their inventory, allowing for smarter resource management. And for potential buyers or lessees, automated quotation tools make it quick and easy to generate estimates, factoring in things like credit score to calculate monthly payments. With more and more franchises, dealerships, and auto retailers popping up, the demand for auto dealer software is only going to increase.
By 2021, over 80% of new cars had networking capabilities, and guess what? Experts predict we'll soon hit 100%! This means your car could get remote commands and even software updates, plus new vehicles can easily share data about themselves and you with the dealers. Think about itevery car's connection goes straight to the automaker's (OEM's) data center and the dealership. While dealers are key in making these "connected cars" work, OEMs are calling the shots, setting the data rules and terms of use. That’s why dealers should really push for OEM help in building connected services. This can improve dealer operations and help them reach their full potential, you know?
The mishandling of qualified sales & security concerns leads to a restraining factor that is holding back the growth of the market. User-friendly software, mobile platforms rapid data proliferation and the implementation of dealer tech approach are revealing profitable opportunities for the market in the future
Auto dealer software? Yeah, it's been a staple at dealerships for ages. But whether dealers fully realize it or not, its role is shifting. It's becoming one of the most critical tech investments they're making right now. Think about itthe car retail world is changing, putting a huge emphasis on amazing customer experiences and smart data use. We'll dive into the DMS (Dealer Management System) and how some companies are rethinking its traditional place in the dealer tech world. And frankly, as someone helping shape the future of dealer tech, it feels like my job to help guide the industry toward a better ecosystem – one that benefits everyone, from customers and dealers to tech providers and OEMs. It's time to make a change.
Global Auto Dealer Software Market Segmentation Analysis
The Global Auto Dealer Software Market is segmented on the basis of Type, Application, And Geography.
Auto Dealer Software Market, By Type
• CRM (For Lead And Opportunity Management Until Closing)• DMS (Dealership Management System Including F&I, Services, Parts, And Accessories)• ERP For The Auto Dealership/Distributor Market (Financials, Procurement, And Logistics)• HRMS (Human Resources) For The Auto Dealership/Distributor Market• E-Commerce• Electronic Signature• Business Intelligence And Reporting• Call Center
To Get a Summarized Market Report By Type-
Based on type analysis, the market is divided into Dealership Management System, CRM, ERP, E-Commerce, Call Center, HRMS, Business Intelligence and Reporting, Electronic Signature. Dealership Management System accounted for the largest market share of 28.30% in 2021, with a market value of USD 1,463.50 Million and is projected to grow at the highest CAGR of 7.65% during the forecast period. CRM was the second-largest market in 2021, valued at USD 1,242.77 Million in 2021; it is projected to grow at a CAGR of 7.45%.
Auto Dealer Software Market, By Application
• Web-based Software• Installed Software
To Get a Summarized Market Report By Application-
On the basis of application analysis, the market is divided into Web-based Software and Installed Software.
Cloud accounted for the largest market share of 61.17% in 2021, with a market value of USD 3,163.24 Million and is projected to grow at the highest CAGR of 7.52% during the forecast period. Web-based Software was the second-largest market in 2021, valued at USD 2,008.02 Million in 2021; it is projected to grow at a CAGR of 6.33%.
Auto Dealer Software Market, By Geography
• North America• Europe• Asia Pacific• Rest of the world
Looking at the regional analysis, the Global Auto Dealer Software Market breaks down into North America, Europe, Asia Pacific, and the rest of the world. North America's really embraced these systems, with the strong automobile industry in the United States leading the way – it's a key market dominated by some major global players. Plus, you're seeing more and more integration of vehicle management analysis in the American automotive scene, which is really fueling the growth of the Auto Dealer Software Market there. But don't count out Asia-Pacific! They're expected to grab even more market share in the coming years, especially with the rapid growth in China, India, and Southeast Asia.
Key Players
The auto dealer software is highly fragmented with the presence of a large number of players in the market. Some of the major companies include Cox Automotive, CDK US, Reynolds and Reynolds, Wipro, RouteOne, Internet Brands, WHI Solutions, Infomedia, Epicor, and Autologica S.A.
Auto Dealer Software Market Attractiveness
Ace Matrix
Porter’s five forces Analysis
Porter’s five forces framework provides a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry.
In the case of auto dealer software, the bargaining power of buyers is high, the bargaining power of suppliers is low, and the threat of substitutes is moderate to high as many independent alternative solution providers are available at a competitive cost. The degree of competition in the auto dealer software market is high due to the presence of large number of players. The competitive environment prevailing in the auto dealer software market can be analyzed through Porter’s Five Forces analytical framework
Report Scope
REPORT ATTRIBUTES
DETAILS
Study Period
2021-2031
Base Year
2024
Forecast Period
2024-2031
Historical Period
2021-2023
Unit
Value (USD Billion)
Key Companies Profiled
Cox Automotive, CDK US, Reynolds and Reynolds, Wipro, RouteOne, Internet Brands, WHI Solutions, Infomedia, Epicor, and Autologica S.A.
Segments Covered
By Type
By Application
By Geography
Customization Scope
Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope
For a single, multi and corporate client license, the report will be available in PDF format.
Sample report would be given you in excel format. For more questions please contact:
Sample Report for Global Auto Dealer Software Market Size By Type (E-Commerce, Electronic Signature, Business Intelligence And Reporting), By Application (Web-based Software and Installed Software), By Geographic Scope And Forecast
