Global automotive dealer software market is expected to reach 17.7 billion USD by the end of 2022

Global automotive dealer software market is expected to reach 17.7 billion USD by the end of 2022 Custom Research｜Research Report｜Management Consulting｜Seminar｜Database

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Automotive dealer software market kept growing in recent years.

As automotive market develop in a rapid period, automotive dealer software market will keep in rapid development. The global automotive dealer software market was valued at 11.2 billion USD in 2016 and is expected to reach 17.7 billion USD by the end of 2022, growing at a CAGR of 7.86% between 2016 and 2022.

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USA is the largest consumption countries of automotive dealer software in the world in the past few years and USA will keep dominate the automotive dealer software market in the next few years. USA market took up about 43% of the global market in 2016, followed by Europe with about 29%, Asian countries especially China, and India will witness a higher growth rate in the following few years, despite occupying little market in at present.

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At present, there are mass of companies in the market. Top 3 companies in the market occupy about 83% of the market shares in 2016, among them, Cox Automotive with many leading subbrands accounts for about 50% of this market. Other leading companies in the market are CDK Global, Reynolds and Reynolds, RouteOne, DealerSocket, Internet Brands, Dominion Enterprises, Wipro, Epicor, Yonyou, ELEAD1ONE, TitleTec, ARI Network Services, WHI Solutions, Infomedia and MAM Software.

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