Global Automotive Retail Software Market by Type (Cloud Based, Web Based), By Application (Large Enterprises, SMEs) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global automotive retail software market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for automobiles, rising adoption of digital technologies by automotive retailers, and growing need for streamlining business processes. Based on type, the global automotive retail software market is segmented into cloud-based and web-based segments. The cloud-based segment is expected to grow at a higher CAGR than the web-based segment during the forecast period from 2018 to 2030. This can be attributed to factors such as lower implementation costs and faster deployment time associated with cloud-based solutions compared with web-based solutions. Based on application, the global automotive retail software market is divided into large enterprises and SMEs segments.



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Product Definition:

Automotive Retail Software is a software used in the automotive retail industry to manage and track sales, inventory, and customer data. It can help automate tasks such as creating invoices and tracking payments, which can save time and improve efficiency. Automotive Retail Software can also help retailers better understand their customers' buying habits so they can provide more targeted marketing efforts.

Cloud Based:

Cloud-based software is a type of software that enables the user to store data on a remote server and access it using an internet connection. The major advantage of this type of software is that there are no requirements for physical storage devices, such as hard drives, flash memory or CDs/DVDs. Cloud-based automotive retailing includes all the processes involved in selling cars from manufacturer to consumer through online portals and other sales channels.

Web Based:

The global web-based and it's usage in automotive retail software market size was valued at USD 0.87 billion in 2016. The increasing penetration of internet is expected to be a key factor driving the growth of this industry over the forecast period.

Application Insights:

The large enterprises segment accounted for the largest revenue share of over 60% in 2017. The segment is expected to continue its dominance over the forecast period owing to factors such as extensive IT infrastructure, high number of vehicles in inventory and a dedicated sales force. The SMEs' application market for automotive retail software is expected to witness considerable growth over the forecast period due to increasing penetration of e-commerce portals and an increase in demand from small retailers with limited IT resources.

Automotive retail software has enabled retailers to manage their stores effectively by providing a unified view across all channels, inventory, store management including personnel & payroll, marketing & sales., finance & accounting functions enabling improved customer engagement through better communication tools that help improve employee productivity while reducing time consumed on paperwork. These benefits are further extended by offering insights into consumer behavior which helps optimize store operations leading towards increased profitability margins for both retailer and manufacturer alike driving adoption across all sizes of businesses globally.

Regional Analysis:

The North American region accounted for the largest revenue share in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to increasing investments in IT infrastructure, technological advancements, and high demand for advanced automotive retail software solutions among enterprises. Moreover, presence of prominent players such as Oracle Corporation; Autotrader Inc.; DealerRater; Cars.com; and DriveSavers Auto Group LLC will drive regional growth further.

Asia Pacific is anticipated to witness significant growth over the forecast period owing to rising disposable income coupled with growing consumer awareness regarding vehicle safety & security features such as anti-theft systems & driverless cars/ trucks/ buses etc., Furthermore, increasing sales of premium vehicles due to their enhanced performance capabilities are likely boost regional demand further. However, stringent regulations by governments across various countries may pose a challenge for market expansion due to lack of flexibility associated with retail software deployment models (on-premise or cloud based).

Growth Factors:

Increasing demand for connected cars
Rising number of vehicle recalls and subsequent need for software updates
Proliferation of electric vehicles and autonomous cars
Growing trend of fleet management and car sharing
Increasing demand for aftermarket services


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Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Retail Software Market Research Report
By Type
Cloud Based, Web Based
By Application
Large Enterprises, SMEs
By Companies
incadea, TOTUS DMS, Prodigy, Xero, myKaarma, MYOB, DealerBox, OneDealer, Orion - TSI Group, Autodesk
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
168
Number of Tables & Figures
118
Customization Available
Yes, the report can be customized as per your need.

Global Automotive Retail Software Market Report Segments:
The global Automotive Retail Software market is segmented on the basis of:
Types
Cloud Based, Web Based
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Large Enterprises, SMEs
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
incadea
TOTUS DMS
Prodigy
Xero
myKaarma
MYOB
DealerBox
OneDealer
Orion - TSI Group
Autodesk



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Highlights of The Automotive Retail Software Market Report:
The market structure and projections for the coming years.
Drivers, restraints, opportunities, and current trends of market.
Historical data and forecast.
Estimations for the forecast period 2030.
Developments and trends in the market.
By Type:
Cloud Based
Web Based
By Application:
Large Enterprises
SMEs
Market scenario by region, sub-region, and country.
Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Automotive Retail Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
Correctly Positioning New Products
Market Entry Strategies
Business Expansion Strategies
Consumer Insights
Understanding Competition Scenario
Product & Brand Management
Channel & Customer Management
Identifying Appropriate Advertising Appeals



8 Reasons to Buy This Report
Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
Implemented Robust Methodology to Prepare the Report
Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
Provides Information About the Top-winning Strategies Implemented by Industry Players.
In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
Customization of the Report Available

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