North America Dealer Management System Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Deployment (Cloud and On-Premise), and Application (Automotive, Construction, Mining, Agriculture, and Others)

Code: TIPRE00020090 | Pages: 105 | Industry: Technology, Media and Telecommunications | Date: Mar 2021 | Type: Regional

Market Introduction

Dealership management systems enable auto dealers to fulfill the demands, such as swift and reliable purchases and services for customers. Additionally, the system helps to meet customer requirements by coordinating products and services and ensuring the dealers are ready and equipped to offer the parts required for repairs. Therefore, it simplifies the repair and maintenance services and inventory management. Besides, it allows seamless handling of financial reporting, payroll services, and cash flow management. The system integrates a suite of finest technologies, such as Customer Relationship Management (CRM), business intelligence and reporting, and inventory management. Auto dealers across North America are procuring dealer management systems for enhanced inventory management, customer conversions, and customer retention, along with a remote help desk. The increasing investments in the dealer management system, mounting adoption of cloud technology, and a shift from paperless work to automation are driving the growth of the North America dealer management system market. Also, introduction of autonomous vehicles is expected to create a significant demand for dealer management system in the coming years, which is further anticipated to drive the North America dealer management system market.

North America region is severely affected by the COVID-19 pandemic. North America is one of the most important regions for adopting and developing new technologies due to favourable government policies to boost innovation, the presence of a huge industrial base, and high purchasing power, especially in developed countries such as the US and Canada. Hence, any impact on the growth of industries is expected to affect the economic growth of the region negatively. The global pandemic has resulted in lockdown, which ravaged businesses across the region and forced the auto dealerships to suspend operations. Auto dealers work on a dealer management system to get data updated in real-time. Thus, due to the closed business of dealers, the market for dealer management systems slightly affected in 2020. However, amidst the lockdown in the US, dealership services were opened in certain states of the country, as stated by Forbes. The auto dealers took permission from the US government to run the business during the pandemic since it is one of the crucial businesses, especially in the transport industry. As per the National Automobile Dealers Association (NADA), the US government allowed the auto dealership business. Since auto dealers were back in business, the demand for the system upsurges in the region. The market players manage to offer their solutions remotely even in the pandemic. The impact of COVID-19 is short-term; it is likely to decrease in the coming months.


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Market Overview and Dynamics

The dealer management system market in North America is expected to grow from US$ 2,678.07 million in 2019 to US$ 3,438.70 million by 2027; it is estimated to grow at a CAGR of 5.3% from 2020 to 2027. The North America automotive industry is witnessing a huge paradigm shift due to rising number of connected vehicles and autonomous vehicles. In transportation and logistics applications, the adoption rate of the dealer management system is expected to increase at a fast pace due to tremendous growth in autonomous vehicles. Due to growing inclination toward autonomous cars, the system is becoming an integral part of vehicles since it helps analyze vehicles in lesser time. The growth trajectory of fully autonomous cars is largely anticipated to depend upon numerous parameters, including technological advancements, consumer demand for fully automated cars, pricing, and safety. Rising investments by auto companies to develop autonomous vehicles in passenger category, commercial buses & trucks category, and Robo taxis would mount the demand for dealer management systems during the forecast period.

Key Market Segments

In terms of deployment, the cloud segment accounted for the largest share of the North America dealer management system market in 2019. In terms of application, the automotive segment held a larger market share of the North America dealer management system market in 2019.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the dealer management system market in North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Adam Systems; Autosoft, Inc.; BiT Dealership Software, Inc.; CDK Global LLC; Cox Automotive; DealerBuilt; Dominion Enterprises; e-Emphasys Technologies Inc.; Integrated Dealer Systems.

Reasons to buy report

  • To understand the North America dealer management system market landscape and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for North America dealer management system market
  • Efficiently plan M&A and partnership deals in North America dealer management system market by identifying market segments with the most promising probable sales
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America dealer management system market
  • Obtain market revenue forecast for market by various segments from 2020-2027 in North America region.

North America Dealer Management System Market Segmentation

North America Dealer Management System Market - By Deployment

  • Cloud
  • On-Premises

North America Dealer Management System Market - By Application

  • Automotive
  • Construction
  • Mining
  • Agriculture
  • Others

North America Dealer Management System Market - By Country

  • US
  • Canada
  • Mexico

North America Dealer Management System Market - Company Profiles

  • Adam Systems
  • Autosoft, Inc.
  • BiT Dealership Software, Inc.
  • CDK Global LLC
  • Cox Automotive
  • DealerBuilt
  • Dominion Enterprises
  • e-Emphasys Technologies Inc.
  • Integrated Dealer Systems
 

1.           Introduction

1.1         Study Scope

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

2.           Key Takeaways

3.           Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           North America Dealer Management System Market Landscape

4.1         Market Overview

4.2         North America PEST Analysis

4.3         Ecosystem Analysis

4.4         Expert Opinion

5.           North America Dealer Management System Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Rising Enhancements in Automotive Industry

5.1.2        Growing Coalitions of Different Management Systems

5.2         Market Restraints

5.2.1        Rising Security Issues

5.3         Market Opportunities

5.3.1        Introduction of Autonomous Vehicles

5.4         Future Trends

5.4.1        Artificial Intelligence Convergence to Transform Dealer Management Pursuits

5.5         Impact Analysis of Drivers and Restraints

6.           Dealer Management System Market – North America Analysis

6.1         North America Dealer Management System Market Overview

6.2         North America Dealer Management System Market – Revenue and Forecast to 2027 (US$ Million)

6.3         Market Positioning – Five Key Players

7.           North America Dealer Management System Market Analysis – By Deployment

7.1         Overview

7.2         North America Dealer Management System Market, By Deployment (2019 and 2027)

7.3         On-Premise

7.3.1        Overview

7.3.2        On-Premise Market – Revenue and Forecast to 2027 (US$ Million)

7.4         Cloud

7.4.1        Overview

7.4.2        Cloud: Dealer Management System Market – Revenue and Forecast to 2027 (US$ Million)

8.           North America Dealer Management System Market Analysis – By Application

8.1         Overview

8.2         North America Dealer Management System Market, By Application (2019 and 2027)

8.3         Automotive

8.3.1        Overview

8.3.2        Automotive Market – Revenue and Forecast to 2027 (US$ Million)

8.4         Mining

8.4.1        Overview

8.4.2        Mining: Dealer Management System Market – Revenue and Forecast to 2027 (US$ Million)

8.5         Construction

8.5.1        Overview

8.5.2        Construction: Dealer Management System Market – Revenue and Forecast to 2027 (US$ Million)

8.6         Agriculture

8.6.1        Overview

8.6.2        Agriculture: Dealer Management System Market – Revenue and Forecast to 2027 (US$ Million)

8.7         Others

8.7.1        Overview

8.7.2        Others: Dealer Management System Market – Revenue and Forecast to 2027 (US$ Million)

9.           North America Dealer Management System Market – Country Analysis

9.1         Overview

9.1.1        North America: Dealer Management System Market, By Country

9.1.1.1          US: Dealer Management System Market – Revenue and Forecast to 2027 (US$ Million)

9.1.1.1.1          US: Dealer Management System Market, by Deployment

9.1.1.1.2          US: Dealer Management System Market, by Application

9.1.1.2          Canada: Dealer Management System Market – Revenue and Forecast to 2027 (US$ Million)

9.1.1.2.1          Canada: Dealer Management System Market, by Deployment

9.1.1.2.2          Canada: Dealer Management System Market, by Application

9.1.1.3          Mexico: Dealer Management System Market – Revenue and Forecast to 2027 (US$ Million)

9.1.1.3.1          Mexico: Dealer Management System Market, by Deployment

9.1.1.3.2          Mexico: Dealer Management System Market, by Application

10.        Impact of COVID-19 Pandemic on North America Dealer Management System Market

10.1      North America

11.        Industry Landscape

11.1      Overview

11.2      Market Initiative

11.3      New Product Development

12.        Company Profiles

12.1      Adam Systems

12.1.1     Key Facts

12.1.2     Business Description

12.1.3     Products and Services

12.1.4     Financial Overview

12.1.5     SWOT Analysis

12.1.6     Key Developments

12.2      Autosoft, Inc.

12.2.1     Key Facts

12.2.2     Business Description

12.2.3     Products and Services

12.2.4     Financial Overview

12.2.5     SWOT Analysis

12.2.6     Key Developments

12.3      BIT Dealership Software, Inc.

12.3.1     Key Facts

12.3.2     Business Description

12.3.3     Products and Services

12.3.4     Financial Overview

12.3.5     SWOT Analysis

12.3.6     Key Developments

12.4      CDK Global, Inc.

12.4.1     Key Facts

12.4.2     Business Description

12.4.3     Products and Services

12.4.4     Financial Overview

12.4.5     SWOT Analysis

12.4.6     Key Developments

12.5      Cox Automotive

12.5.1     Key Facts

12.5.2     Business Description

12.5.3     Products and Services

12.5.4     Financial Overview

12.5.5     SWOT Analysis

12.5.6     Key Developments

12.6      DealerBuilt

12.6.1     Key Facts

12.6.2     Business Description

12.6.3     Products and Services

12.6.4     Financial Overview

12.6.5     SWOT Analysis

12.6.6     Key Developments

12.7      Dominion Enterprises

12.7.1     Key Facts

12.7.2     Business Description

12.7.3     Products and Services

12.7.4     Financial Overview

12.7.5     SWOT Analysis

12.7.6     Key Developments

12.8      e-Emphasys Technologies Inc.

12.8.1     Key Facts

12.8.2     Business Description

12.8.3     Products and Services

12.8.4     Financial Overview

12.8.5     SWOT Analysis

12.8.6     Key Developments

12.9      Integrated Dealer Systems

12.9.1     Key Facts

12.9.2     Business Description

12.9.3     Products and Services

12.9.4     Financial Overview

12.9.5     SWOT Analysis

12.9.6     Key Developments

13.        Appendix

13.1      About The Insight Partners

             13.2      Word Index

LIST OF TABLES

Table 1.             North America Dealer Management System Market – Revenue and Forecast to 2027 (US$ Million)

Table 2.             US Dealer Management System Market, by Deployment – Revenue and Forecast to 2027 (US$ Million)

Table 3.             US Dealer Management System Market, by Application – Revenue and Forecast to 2027 (US$ Million)

Table 4.             Canada Dealer Management System Market, by Deployment – Revenue and Forecast to 2027 (US$ Million)

Table 5.             Canada Dealer Management System Market, by Application – Revenue and Forecast to 2027 (US$ Million)

Table 6.             Mexico Dealer Management System Market, by Deployment – Revenue and Forecast to 2027 (US$ Million)

Table 7.             Mexico Dealer Management System Market, by Application – Revenue and Forecast to 2027 (US$ Million)

Table 8.               List of Abbreviation

LIST OF FIGURES

Figure 1.           North America Dealer Management System Market Segmentation

Figure 2.           North America Dealer Management System Market Segmentation – By Country

Figure 3.           North America Dealer Management System Market Overview

Figure 4.           Cloud Segment Held the Largest Market Share

Figure 5.           Automotive Segment Held the Largest Market Share

Figure 6.           North America – PEST Analysis

Figure 7.           Expert Opinion

Figure 8.           North America Dealer Management System Market: Impact Analysis of Drivers and Restraints

Figure 9.           North America Dealer Management System Market – Revenue and Forecast to 2027 (US$ Million)

Figure 10.        North America Dealer Management System Market Revenue Share, By Deployment (2019 and 2027)

Figure 11.        North America On-Premise: Dealer Management System Market – Revenue and Forecast to 2027 (US$ Million)

Figure 12.        North America Cloud: Dealer Management System Market – Revenue and Forecast to 2027 (US$ Million)

Figure 13.        North America Dealer Management System Market Revenue Share, By Application (2019 and 2027)

Figure 14.        North America Automotive: Dealer Management System Market – Revenue and Forecast to 2027 (US$ Million)

Figure 15.        North America Mining: Dealer Management System Market – Revenue and Forecast to 2027 (US$ Million)

Figure 16.        North America Construction: Dealer Management System Market – Revenue and Forecast to 2027 (US$ Million)

Figure 17.        North America Agriculture: Dealer Management System Market – Revenue and Forecast to 2027 (US$ Million)

Figure 18.        North America Others: Dealer Management System Market – Revenue and Forecast to 2027 (US$ Million)

Figure 19.        North America Dealer Management System Market Revenue Share, By Country (2019 and 2027)

Figure 20.        US: Dealer Management System Market – Revenue and Forecast to 2027 (US$ Million)

Figure 21.        Canada: Dealer Management System Market – Revenue and Forecast to 2027 (US$ Million)

Figure 22.        Mexico: Dealer Management System Market – Revenue and Forecast to 2027 (US$ Million)

Figure 23.           Impact of COVID-19 Pandemic in North America Country Markets

  1. Adam Systems
  2. Autosoft, Inc.
  3. BiT Dealership Software, Inc.
  4. CDK Global LLC
  5. Cox Automotive
  6. DealerBuilt
  7. Dominion Enterprises
  8. e-Emphasys Technologies Inc.
  9. Integrated Dealer Systems
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