At 11.8% CAGR, Asia Pacific Automotive Dealer Management System (DMS) Market is Projected to be Worth US$ 2,597.94 Million by 2031, says Business Market Insights

According to Business Market Insights’ research, the Asia Pacific automotive dealer management system (DMS) market was valued at US$ 1,066.71 million in 2023 and is expected to reach US$ 2,597.94 million by 2031, registering a CAGR of 11.8% from 2023 to 2031. Rising technological advancements in automotive industry and advent of autonomous vehicles are among the critical factors attributed to drive the Asia Pacific automotive dealer management system (DMS) market growth.

Over the last few decades, the automobile sector has seen tremendous technological advancements. The use of digital technologies enabled automakers to apply sophisticated solutions. The dealer management system (DMS) is an ideal solution for automotive firms to track spare parts inventories and manage repair orders. The system uses customer relationship management (CRM) and business intelligence technologies to monitor manufacturer and customer connections.

Several auto dealerships businesses use dealer management system to handle inventory and sales information such as analytics and insights. The system simplifies interactions among consumers, dealers, and OEMs. The system meets the specific requirements of the automobile retail business. Many dealer management system companies use inorganic and organic techniques to grow their business in the automobile market.

On the contrary, growing data security concerns hamper the growth of Asia Pacific automotive dealer management system (DMS) market.

Based on component, the Asia Pacific automotive dealer management system (DMS) market is bifurcated into software and services. The software segment held 70.3% market share in 2023, amassing US$ 749.82 million. It is projected to garner US$ 1,870.87 million by 2031 to register 12.1% CAGR during 2023–2031.

In terms of application, the Asia Pacific automotive dealer management system (DMS) market is segmented into inventory management, appointment scheduling, customer relationship management, dealer tracking, and others. The customer relationship management segment held 34.4% share of Asia Pacific automotive dealer management system (DMS) market in 2023, amassing US$ 367.33 million. It is anticipated to garner US$ 872.28 million by 2031 to expand at 11.4% CAGR during 2023–2031.

By deployment, the Asia Pacific automotive dealer management system (DMS) market is divided into cloud-based and on-premise. The cloud-based segment held 68.2% share of Asia Pacific automotive dealer management system (DMS) market in 2023, amassing US$ 726.99 million. It is projected to garner US$ 1,868.76 million by 2031 to expand at 12.5% CAGR from 2023 to 2031.

Based on country, the Asia Pacific automotive dealer management system (DMS) market is categorized into China, Japan, South Korea, India, Australia, and the Rest of Asia Pacific. Our regional analysis states that China captured 28.2% share of Asia Pacific automotive dealer management system (DMS) market in 2023. It was assessed at US$ 301.03 million in 2023 and is likely to hit US$ 789.25 million by 2031, registering a CAGR of 12.8% during 2023–2031.

Key players operating in the Asia Pacific automotive dealer management system (DMS) market are Wipro Ltd, GaragePlug Inc, Jeal Computer Services Pty Ltd, Aspire Systems, SAP SE, Cox Automotive, Oracle Corp, and Excellon Software Pvt. Ltd, among others.

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