How is Need for Better Communication Driving Automotive Repair Software Market?
How is Need for Better Communication Driving Automotive Repair Software Market?
Blog Article
The global automotive repair software market generated a revenue of $1,264.2 million in 2019, and it is projected to progress at a 10.3% CAGR during the forecast period (2020–2030), as per a P&S Intelligence report. The market is registering growth due to the rising number of vehicles on the roads and their increased life span. Moreover, the fact that the automotive repair software saves time and enhances communication is projected to result in its high demand during the forecast period.
On the basis of offering, the market is divided into maintenance, services, and repair, among which, the repair division is predicted to dominate the market till 2030. The surging adoption of this software for automobile diagnostics and repair is driving the division’s growth. These solutions provide insights from professional technicians, colored diagram of the wiring for easy understanding, and repair information that is provided by automaker. The service division is projected to demonstrate the highest CAGR during the forecast period.
When deployment is taken into consideration, the automotive repair software market is bifurcated into cloud and on-premises, between which, the on-premises category held the major share of the market during the historical period (2014–2019). Most auto repair organizations opt for low-cost solutions due to low budget. The cloud category is predicted to register the highest CAGR during the forecast period, as these solutions facilitate better communication between customers and repair shop staff.
North America has been the largest automotive repair software market during the historical period, owing to the increasing average age of vehicles in the region. Regular repairs and servicing is necessary for vehicles to survive for a long time, which has led to the high adoption of automotive repair software. The Asia-Pacific region is predicted to demonstrate the highest CAGR during the forecast period, due to the high number of operational vehicles, rising spending on innovative technology, and rising disposable income of people in the region.
A key trend that is being observed in the automotive repair software market is the integration of mobile platforms at service centers. Mobiles are cheaper than laptops, have a longer battery life, are designed for mobility, and further eliminate the need for technicians to move back and forth from their work station to computers. Such benefits leave technicians with more time, thereby aiding in making processes much more efficient. Therefore, the rising use of mobile phones at service centers is predicted to drive the market during the forecast period.
The growing need for better communication and time saving is a major diving factor of the automotive repair software market. As automobiles are becoming more complex, owing to technological enhancements, repair shops are also striving to become more efficient. Computerization is necessary, as customers these days are demanding faster and more accurate services. Owing to this, software-based solutions are being utilized for providing people with better customer experience.
In conclusion, the market is growing due to the rising need for saving time and enhancing communication and integration of mobile platforms.
Source: P&S Intelligence