Global Dealer Management Services Industry to reach USD 10.10 billion by 2025.
Global Dealer Management Services Industry valued approximately USD 6.0 billion in 2017 is anticipated to grow with a healthy growth rate of more than % over the forecast period 2019-2025. The major driving factor of global Dealer Management Services Industry are growing demand across automotive sector, rise in adoption fleet management analytics and optimization of product lifecycle management. Growing challenges in manufacturing, consumer goods, and automobile sectors related to handling multiple levels of dealers/distributors globally or locally has given rise to dedicated dealer management systems. The one of the major restraining factor of global dealer management services is lack of skilled professionals. A dealer management system provides a centralized application to collect customer and vehicle inventory information. It covers vehicle sales, pre-sales, customer relationship management, workflow automation, and financial accounting information. Manufacturers deploy dealer management systems to improve inventory management, dealer operations, and customer retention along with a remote help desk. New government initiatives and regulations are also expected to contribute to the Industry growth. There are many benefits of dealer management services such as high flexibility for dealers in rapidly changing Industrys, better administration of key financial figures and sales data, recording & monitoring of customer satisfaction and end-to-end services help dealers focus on core business.
The regional analysis of Global Dealer Management Services Industry is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America has accounted the leading share of total generating revenue in 2017 across the globe due to innovation in the dealer management system Industry and rise in the number of vendors of dealer management services. Asia-Pacific region region is also anticipated to exhibit higher growth rate / CAGR over the forecast period 2019-2025, due to booming logistics industry in the region. Furthermore, the highly connected and advanced economies of Southeast Asian countries along with the increasing awareness about dealer management systems is adding to this already growing Industry.
The objective of the study is to define Industry sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the Industry. Additionally, the report shall also incorporate available opportunities in micro Industrys for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
Dealer Management Services Industry Share and Size by 2019-2025
Dealer Management Services Market Segmentation:
* North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Middle East & Africa
Major Market Players in Dealer Management Services Market are as follows:
Reynolds and Reynolds