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Allied Market Research

Auto Dealer Software Market by Type (DSM Software, CRM Software, Marketting Software, and Other Software) and by Application (Web based software and Installed Software): Global Opportunity Analysis and Industry Forecast, 2020–2027

A09120
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Jun 2021 | 146 Views
 
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Auto Dealer Software Market Outlook – 2027 

With the advancement of new technologies and innovations, the automotive industry is getting much more efficient. The auto dealer software automates business operations and assists in the management of sales, purchase, and documentation of the used and new vehicles. Moreover, auto dealer software aids in speeding up customer relationship management through multiple communications channels like phone, e-mail, and social media. Besides, the auto dealer software simplifies marketing activities by managing campaigns for sales on social media. Additionally, when a vehicle is due for service, automatic reminders are sent to customers with the help of this software. 

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2019–2027

  Base year considered

  2019

  Forecast period

  2020–2027

  Forecast units

  Value (USD)

  Segments covered

  Type, application

  Regions covered

North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM) and The Middle East and Africa

  Companies covered

Cox Automotive, CDK Global, DealerSocket, Wipro, WHI Solutions, Reynolds and Reynolds, MAM Software, PERQ, VinSolutions, Elead

 

COVID-19 scenario analysis: 

  • The novel coronavirus has impacted all the industries globally.
  • People around the world are observing social distancing measures by self-isolating, quarantining, or working from home to halt the spread of the global COVID-19 pandemic.
  • As the current financial crisis is being compared with the 2008 financial crisis, the slowdown of the economy would impact all the sectors.
  • However, the IT sector is anticipated to witness less degrowth as compared to other sectors as the operation of IT sectors is sustained due to work from home policies.
  • Besides, auto dealers would want to accelerate the market growth which is affected by the pandemic. This, in turn, would bolster the demand for auto dealer software market. 

Top impacting factors: market scenario analysis, trends, drivers and impact analysis

Increasing sales of vehicles due to auto dealer software is primarily driving the market growth. Additionally, auto dealer software aids in faster inventory decisions. Besides, factor like the user-friendliness of software is propelling the market growth. Likewise, the software provides analytics for quicker business decisions. Moreover, faster customer interaction and ease of automation are proliferating the market demand. However, a possible threat from hackers and potential for a system crash is anticipated to restrain the market. Furthermore, advancements in auto dealer software are fueling market growth.

The global auto dealer software market trends are as follows:

Mobile platforms to foster the market

The surge in mobile usage has multiplied in recent years. Due to the ease of operation and flexibility offered by mobile platforms, software companies are investing in developing an application for cell phones. Moreover, this trend has also been witnessed in the auto dealer software industry. In 2017, Renault launched new mobile software to improve customer engagement. Besides, this app is direct to Renault Connect, Renault’s auto dealer software which makes the dealers integrated into the process.

Partnership to drive market growth

Auto dealer software has proved to be an ideal solution for vehicle dealers. It manages the automation of various processes like business operation, accounting, inventory, and others. Due to the wide range of benefits offered by auto dealer software, the automakers are highly adopting the software. Besides, the automakers are integrating with software companies to provide an efficient software solution. In 2014, Oxlo Systems Inc. collaborated with Ford to launch a new web-based auto dealer software application. 

Key segments covered:

Segments

Sub-segments

  Type

  • DSM Software
  • CRM Software
  • Marketing Software
  • Other Software

  Application

  • Web based software
  • Installed software

 

Key benefits of the report:

  • This study presents the analytical depiction of the global auto dealer software industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed global auto dealer software market analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the global auto dealer software market research report:

  • What are the leading market players active in the Global Auto Dealer Software market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
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  • Sovereign research proceeds that present a tangible depiction of marketplace


With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


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Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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