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Dealer Management Market Growing CAGR and Owing high demand by Analyzing Industry Leaders Profile (IBM, CA, Cox Automotive, CDK Global, Reynolds and Reynolds, RouteOne, DealerSocket, Internet Brands, Dominion Enterprises, Wipro, Epicor, SAP)

02-28-2019 07:06 AM CET | IT, New Media & Software

Press release from: Worldwide Market Reports

Dealer Management  Market

Dealer Management Market

‘DMS' is a widely used acronym in the auto dealer industry that stands for dealer management system. A DMS is traditionally known as a software platform dealers use for managing their vehicle inventory, deals (cash, finance, wholesale, buy here pay here (BHPH), etc.), customer information, credit reports and printing paperwork.

In the past, many dealers found the need to login to separate software systems to truly run their business. On top of a traditional dealer management system platform, a dealer may need to login to another system to submit deals to lenders, another to manage their customer communication (CRM) and yet another to manage their website and online marketing and possibly more.

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Market Segment by Companies, this report covers
IBM, CA, Cox Automotive, CDK Global, Reynolds and Reynolds, RouteOne, DealerSocket, Internet Brands, Dominion Enterprises, Wipro, Epicor, SAP
Market Segment by Type, covers
On-premise
Cloud

Market Segment by Applications, can be divided into
Automotive
Retail
Manufacturing
Others

Today, with the advancement in software integrations and partnerships, a DMS can finally achieve its true purpose of helping dealers manage their entire business from a single login platform. Integrations help converge these processes and data into a centralized hub of tools, resulting in better organization, efficiency and ultimately more deals. An example of this could be a dealer receives an internet lead from their website or car listing site which is fed directly into the dealer management system as a new prospect. The system would automatically assign the new lead to a sales person for them to work through the sales process. Pulling a credit report, searching through available inventory, structuring a deal and even printing the final sales contracts are all done within the same system. These new capabilities make all of your business information more accessible, significantly improve business efficiency and reduce data entry points and potential errors.

Scope of the Report:
Growing challenges in manufacturing, consumer goods, and automobile sectors related to handling multiple levels of dealers/distributors globally or locally has given rise to dedicated dealer management systems. These systems are designed to integrate original equipment manufacturers (OEMs), dealer networks, and end-customers. Features such as inventory management and finance & accounting management are helping businesses to streamline various processes. The dealer management systems smartly streamline the distributor's entire operations and focus on customer relations. DMS delivers enriched experience to businesses and helps them to improve responsiveness, processing times, and increase work productivity. It enhances corporate performance by optimizing and managing business processes. It is a process that offers services similar to total quality management and is backed by technology support.

The dealer management systems market is anticipated to witness immense growth opportunities as end-users such as automotive enterprises specialize in value added services such as telematics services, cyber security, and connected car platforms. These platforms are anticipated to provide immense growth opportunities to the market with the growing need to automate processes. Furthermore, organizations are expected to invest in effective technologies to enable automated operations by adopting dealer management systems, cloud based deployment models, and mobile apps for efficient management. Further, cloud based deployment provides subscription based business models and ensures minimal investment and reduces total cost of ownership (TCO). Digital transformation in the automotive industry is also expected to lead to increasing opportunities for the dealer management system market.

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Table of Content:

1 Payment Gateways Market Overview
1.1 Product Overview and Scope of Payment Gateways
1.2 Classification of Payment Gateways by Types
1.2.1 Global Payment Gateways Revenue Comparison by Types (2019-2024)
2 Manufacturers Profiles
2.1 PayPal
2.1.1 Business Overview
2.1.2 Payment Gateways Type and Applications
2.1.2.1 Product A
2.1.2.2 Product B
3 Global Payment Gateways Market Competition, by Players
3.1 Global Payment Gateways Revenue and Share by Players (2014-2019)
3.2 Market Concentration Rate
3.2.1 Top 5 Payment Gateways Players Market Share
3.2.2 Top 10 Payment Gateways Players Market Share
3.3 Market Competition Trend
4 Global Payment Gateways Market Size by Regions
10 Global Payment Gateways Market Segment by Type
11 Global Payment Gateways Market Segment by Application
12 Global Payment Gateways Market Size Forecast (2019-2024)
13 Research Findings and Conclusion
14 Appendix

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Worldwide Market Reports is your one-stop repository of detailed and in-depth market research reports compiled by an extensive list of publishers from across the globe. We offer reports across virtually all domains and an exhaustive list of sub-domains under the sun. The in-depth market analysis by some of the most vastly experienced analysts provide our diverse range of clients from across all industries with vital decision making insights to plan and align their market strategies in line with current market trends. Worldwide Market Research’s well-researched inputs that encompass domains ranging from IT to healthcare enable our prized clients to capitalize upon key growth opportunities and shield against credible threats prevalent in the market in the current scenario and those expected in the near future.

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