Market Introduction
Towing software supports automotive towing and recovery businesses handle their operation and assist clients in requirement. This may comprise a combination of features associated to truck dispatch, GPS tracking, customer databases and payment processing, and accounting. This software may also locate and communicate with auto repair shops and garages to prepare towed vehicles for drop-off. Tow truck operators and office managers make use of these solutions for receiving emergency calls, manage back office tasks, and pick up customers sometimes combining with accounting or fleet management software. New towing software providers are entering the market, building competition for the well-established software firms who have a long-standing national presence.
Market Overview and Dynamics
The towing software market in North America was valued US$ 56.3 million in 2019 and is projected to reach US$ 76.5 million by 2027; it is expected to grow at a CAGR of 4.3% from 2020 to 2027. Factors such as increase in operational efficiency due to remote access to data and enhanced communication with use of connected navigation technology is expected to boost the growth of North America towing software market. Additionally, rising demand for roadside assistance is expected to offer prosperous growth opportunities to the North America towing software market.
Key Market Segments
In terms of deployment, the cloud-based segment accounted for the largest share of the North America towing software market in 2019. In terms of enterprise size, the large enterprises segment held a larger market share of the towing software market in 2019.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the towing software market in North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. A few of the players operating in the North America towing software market are Beacon Software LLC, Clearplan, Inc., DATOW Software, Extric LLC (Towbook), Omadi, Inc., SwoopMe, Inc., TowSoft inc., Tracker Management Systems LLC, TXI Systems, Inc., and Workiz Inc., among others.
COVID 19 Impact
The COVID-19 pandemic is one of the largest disrupting forces, with the region’s three countries continuing to combat outbreaks and significant community spread. Across the Mexico and United States, new case numbers are rapidly ticking upward, and there are some signs that the spread is expected to be under control soon. The US is a prominent market for towing software in end-use industries. The huge increase in the number of confirmed cases and rising reported deaths in the country has affected software providers to some extent due to the decrease in demand for their products. The business shutdowns as well as social distancing across the US, Canada, and Mexico are impacting the adoption of the towing software market.
Reasons to buy report
NORTH AMERICA TOWING SOFTWARE MARKET SEGMENTATION
Towing Software Market – By Deployment Type
Towing Software Market – By Enterprise Size
Towing Software Market- by Region
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 56.3 Million |
| Market Size by 2027 | US$ 76.5 Million |
| CAGR (2020 - 2027) | 4.3% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Deployment
|
| Regions and Countries Covered |
North America
|
| Market leaders and key company profiles |
|
The North America Towing Software Market is valued at US$ 56.3 Million in 2019, it is projected to reach US$ 76.5 Million by 2027.
As per our report North America Towing Software Market, the market size is valued at US$ 56.3 Million in 2019, projecting it to reach US$ 76.5 Million by 2027. This translates to a CAGR of approximately 4.3% during the forecast period.
The North America Towing Software Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Towing Software Market report:
The North America Towing Software Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Towing Software Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Towing Software Market value chain can benefit from the information contained in a comprehensive market report.
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