How will Increasing Vehicle Complexities Fuel Surge of Automotive Repair Software Market in Asia-Pacific (APAC) in Future?
One of the major factors boosting the demand for automotive repair software is the increasing need for faster automotive repairing services across the globe. Automobiles have become more and more complex over the last few years and this has led to huge sophistication in the repairing procedures. Moreover, the repairing shops are increasingly adopting computerization in their processes in order to provide better services to the customers and manage various tasks such as appointment scheduling, inventory and parts management, and back-office operations more efficiently.
The other important factor fuelling the surge in the demand for automotive repair software is the increasing requirement of frequent maintenance and other types of services by vehicles all around the world. Since the last few years, there has been a massive rise in the average age of automobiles and this trend is expected to continue in the coming years. As a result, the demand for vehicle maintenance and other types of services will increase in future, which will in turn, boost the demand for automotive repair software.
Due to the above-mentioned factors, the global automotive repair software market generated revenue of $1,264.2 million in 2019, and it is expected to advance at a CAGR of 10.3% during the forecast period (2020–203. There are multiple services provided via automotive repair software — repair, maintenance, and normal vehicle servicing. Amongst these, the usage of such software would rise the fastest for offering repair services in the coming years. This is mainly attributed to the increasing utilization of the automotive repair software for vehicle repair and diagnostics.
The biggest trend currently being observed in the automotive repair software market is the rising incorporation of mobile platforms at service centers. Mobile phones not only eliminate the need for technicians and their constant movement between their computers and work stations but they are much more cost-effective than desktops and laptops. In addition to this, mobile phones have longer battery life and are much easier to handle and move around and are thus, being increasingly used at service stations.
Across the world, the Asia-Pacific (APAC) region is expected to register the fastest growth in the adoption of automotive repair software during the forecast period. This is primarily credited to the presence of a flourishing automotive industry and a large number of automobiles in the APAC region. Furthermore, the disposable income of the people living in the APAC region is increasing rapidly and this will boost their spending power in future, which will in turn, propel the adoption of various advanced technologies such as automotive repair software in the region in the coming years.
Hence, it is clear that the demand for automotive repair software will escalate throughout the world over the next few years, owing to the rising need for advanced automotive repairing and maintenance services and the increasing number of vehicles in the world.
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