North America Dealer Management System Market is expected to reach US$ 3,438.70 million by 2027

Cloud Segment to Dominate North America Dealer Management System Market during 2019–2027

According to The Insight Partners market research study on “North America Dealer Management System Market to 2027 – COVID-19 Impact and Regional Analysis and Forecast by Deployment and Application” is expected to reach US$ 3,438.70 million by 2027 from US$ 2,678.07 million in 2019. The market is estimated to grow at a CAGR of 5.3% from 2020 to 2027. The report provides trends prevailing in the North America dealer management system market along with the drivers and restraints pertaining to the market growth. Rising enhancements in automotive industry is the major factor driving the growth of the North America dealer management system market. However, issues associated with security related concerns hinders the growth of North America dealer management system market.

The North America dealer management system market is segmented into deployment, application, and country. Based on deployment type, the North America dealer management system market is categorized into cloud and on-premise. Cloud segment held the largest market share of North America dealer management system market in 2019.Based on application, the North America dealer management system market is categorized into automotive, mining, construction, mining, agriculture, and others. Automotive segment held the largest market share of North America dealer management system market in 2019.

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 favorable 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.

Adam Systems; Autosoft, Inc.; BiT Dealership Software, Inc.; CDK Global LLC; Cox Automotive; DealerBuilt; Dominion Enterprises; e-Emphasys Technologies Inc.; Integrated Dealer Systems are among the leading companies in the North America dealer management system market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, CDK Global, Inc. had introduced Neuron, a big data platform connected to Fortellis automotive commerce exchange. The Neuron is designed to turn high volumes of industry information into actionable insights for dealers, original equipment manufacturers, and third-party software developers.

The report segments the North America Dealer Management System Market follows:

North America Dealer Management System Market – By Deployment

• Cloud
• On-Premise

North America Dealer Management System Market – By Application

• Automotive
• Construction
• Mining
• Agriculture
• Others

North America Dealer Management System Market – By Country

• US
• Canada
• Mexico