Analysis - by Component (Software and Services), Application (Inventory Management, Appointment Scheduling, Customer Relationship Management, Dealer Tracking, and Others), and Deployment (Cloud-Based and On-Premise)
No. of Pages:114
Report Code:
BMIRE00031329
Category:
Technology, Media and Telecommunications
South & Central America Automotive Dealer Management System (DMS) Market
The South & Central America automotive dealer management system (DMS) market was valued at US$ 191.64 million in 2023 and is expected to reach US$ 324.98 million by 2031; it is estimated to register a CAGR of 6.8% from 2023 to 2031.
Advent of Autonomous Vehicles Fuels South & Central America Automotive Dealer Management System (DMS) Market
The global automobile industry is undergoing a massive paradigm change as the number of connected and autonomous cars grows. The adoption rate of dealer management systems in transportation and logistics applications is predicted to grow rapidly due to the rising popularity of autonomous cars since it allows for a quick analysis of vehicle performance and inefficiencies. The growing inclination toward autonomous automobiles is attributed to technological improvements, customer desire for fully automated vehicles, affordability, and safety. Automakers are increasing their spending on developing self-driving passenger cars, commercial buses and trucks, and robot taxis.
Comparable developments are being observed in the autonomous heavy equipment sector. In May 2023, Komatsu and Toyota announced a cooperative initiative to create an autonomous light vehicle (ALV) for mining operations based on Komatsu's Autonomous Haulage System (AHS). According to the collaborative agreement, Toyota will build an ALV that will operate independently on its AHS, controlled by a new ALV management program developed by Komatsu. Thus, such strategic initiatives are expected to offer new opportunities for the market growth.
South & Central America Automotive Dealer Management System (DMS) Market Overview
The automotive dealer management system market in South America is growing due to the increasing demand for comprehensive DMS. Countries such as Brazil and Argentina are among the major markets for dealer management systems in South America. The expansion of the automotive industry in the region propels the demand for DMS. As per the Ministry of Trade of Colombia, the country ranks the third-largest automobile assembler in South America (after Brazil and Argentina) and the second-largest motorcycle producer in the region after Brazil. Columbia has eight vehicle assembly plants, with three in Sofasa, CCA, and Mazda, which represent 99% of country production and 32% of sales. Growing demand for light vehicles, trucks, buses, and motorcycles in the region increases the adoption of DMS among automakers, which drives the automotive dealer management system market in the region.
South & Central America Automotive Dealer Management System (DMS) Market Revenue and Forecast to 2031 (US$ Million)
South & Central America Automotive Dealer Management System (DMS) Market Segmentation
Based on component, the South & Central America automotive dealer management system (DMS) market is bifurcated into software and services. The software segment held a larger South & Central America automotive dealer management system (DMS) market share in 2023.
In terms of application, the South & Central America 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 the largest South & Central America automotive dealer management system (DMS) market share in 2023.
By deployment, the South & Central America automotive dealer management system (DMS) market is segmented into cloud-based and on-premise. The cloud-based segment held a larger South & Central America automotive dealer management system (DMS) market share in 2023.
By country, the South & Central America automotive dealer management system (DMS) market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America automotive dealer management system (DMS) market share in 2023.
Wipro Ltd, Aspire Systems, SECL Group Corporation, SAP SE, Cox Automotive, and Oracle Corp,
are some of the leading companies operating in the South & Central America automotive dealer management system (DMS) market.
South & Central America Automotive Dealer Management System (DMS) Market Strategic Insights
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South & Central America Automotive Dealer Management System (DMS) Market Segmentation Analysis
South & Central America Automotive Dealer Management System (DMS) Market Report Highlights
South & Central America Automotive Dealer Management System (DMS) Report Scope
Report Attribute
Details
Market size in 2023
US$ 191.64 Million
Market Size by 2031
US$ 324.98 Million
CAGR (2023 - 2031)
6.8%
Historical Data
2021-2022
Forecast period
2024-2031
Segments Covered
By Component
Software and Services
By Application
Inventory Management
Appointment Scheduling
Customer Relationship Management
Dealer Tracking
By Deployment
Cloud-Based and On-Premise
Regions and Countries Covered
South and Central America
Brazil
Argentina
Rest of South and Central America
Market leaders and key company profiles
Wipro Ltd
Aspire Systems
SECL Group Corporation
SAP SE
Cox Automotive
Oracle Corp
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South & Central America Automotive Dealer Management System (DMS) Market Country and Regional Insights
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Identical Market Reports with other Region/Countries
The List of Companies - South & Central America Automotive Dealer Management System (DMS) Market
Wipro Ltd
Aspire Systems
SECL Group Corporation
SAP SE
Cox Automotive
Oracle Corp
Frequently Asked Questions
How big is the South & Central America Automotive Dealer Management System (DMS) Market?
The South & Central America Automotive Dealer Management System (DMS) Market is valued at US$ 191.64 Million in 2023, it is projected to reach US$ 324.98 Million by 2031.
What is the CAGR for South & Central America Automotive Dealer Management System (DMS) Market by (2023 - 2031)?
As per our report South & Central America Automotive Dealer Management System (DMS) Market, the market size is valued at US$ 191.64 Million in 2023, projecting it to reach US$ 324.98 Million by 2031. This translates to a CAGR of approximately 6.8% during the forecast period.
What segments are covered in this report?
The South & Central America Automotive Dealer Management System (DMS) Market report typically cover these key segments-
What is the historic period, base year, and forecast period taken for South & Central America Automotive Dealer Management System (DMS) Market?
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South & Central America Automotive Dealer Management System (DMS) Market report:
Historic Period : 2021-2022
Base Year : 2023
Forecast Period : 2024-2031
Who are the major players in South & Central America Automotive Dealer Management System (DMS) Market?
The South & Central America Automotive Dealer Management System (DMS) Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
Wipro Ltd
Aspire Systems
SECL Group Corporation
SAP SE
Cox Automotive
Oracle Corp
Who should buy this report?
The South & Central America Automotive Dealer Management System (DMS) Market report is valuable for diverse stakeholders, including:
Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.
Essentially, anyone involved in or considering involvement in the South & Central America Automotive Dealer Management System (DMS) Market value chain can benefit from the information contained in a comprehensive market report.
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