DMS Market Poised to Grow 8% by 2025
The global market for dealer management systems will hit $10.1 billion by 2025, a ‘healthy’ projected growth rate of 8%, according to the latest forecast by Research Reports.
The global DMS market will grow to more than $10 billion by 2025, according to a new study by Research Reports.
Illustration by geralt via Pixabay
NEW YORK — Research Reports Inc. analysts say the global dealer management services market will reach $10.1 billion by 2025 at a “healthy” growth rate of 8%, the research firm announced.
The forecast charts steadily increasing demand among auto dealers for technology that can offer new insights into factors driving success in sales, customer engagement, and workflow automation. But manufacturer- and distributor-facing solutions, which focus on inventory management, dealer operations, and customer retention, are fueling growth as well, analysts said.
The report covers North America, Latin America, Europe, and Asia Pacific, among other global regions.
“North America has represented the main share of total revenue generated in 2017 worldwide due to innovation in the dealer management systems market and the increase in the number of distributors’ management service providers,” analysts wrote. “It is also anticipated that the region of the Asia-Pacific region (sic) will exhibit a higher growth rate during the forecast period 2018–2025, due to the boom in the logistics industry in the region.”
To read a detailed summary of the report, click here.
Originally posted on Auto Dealer Today
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