Component (Software, Services)
The services segment is expected to dominate the global automotive dealer management system market by the end of 2037. This segment is expected to continue to grow as it includes numerous services such as consulting, maintenance, and support. All these services ensure that DOS Solution runs smoothly. Therefore, the acceptance of DMS by automotive dealers is likely to increase, which will further drive the market growth of car dealer management systems.
The software sector is also expected to see significant growth in the coming years. The software takes into account inventory, warranty claims, vehicle prices, etc. to ensure all work is done properly.
Deployment (Cloud-based, On-premises)
The cloud-based segment is expected to dominate the market by registering a growth of 60% in the upcoming years. This is because more and more car dealers are adopting cloud-based solutions due to low initial costs and ubiquitous access. It has cutting-edge features such as automation and analytics. For instance, approximately 67% of car dealers worldwide believe the use of artificial intelligence (AI) is having a positive impact on their operations due to the increasing amount of data generated by dealers, manufacturers, and cars.
In the coming year, the shift to digitalization and increased use of mobile devices by automotive customers and dealers is expected to further fuel the rise of his cloud-based DMS solutions.
Our in-depth analysis of the global market includes the following segments:
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Author Credits: Saima Khursheed
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