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Automotive Repair Software Market to Register 10.3% CAGR during 2020–2030 Because of increasing the disposable income, rapid urbanization, swift economic growth in emerging economies, and technological advancements, the number of vehicles on roads has risen significantly on roads all across the globe. For example, approximately 91.3 million motor vehicles were sold worldwide in 2019. Over the last ten years, the affordability of vehicles has increased considerably. Moreover, due to technological advancements autonomous and connected cars have also started emerging in the markets. Owing to this surging number of vehicles on roads, the number of auto repair shops has also taken a hike. The smooth functioning of vehicles depends a lot upon their proper maintenance. If a vehicle is not maintained on a regular basis, it is highly likely that its functioning will take a hit. Therefore, auto repair shops are of great importance to the automotive industry. Now that the number of vehicles has risen, the operations and processes in these shops have also become more complex. There is a growing need for improving efficiency, which is why several auto repair shops are making use of auto repair software. This software is capable of automating the day-to-day aspects of managing an auto repair shop, thereby simplifying the operational processes. Attributed to these reasons, the global automotive repair software market generated revenue of $1,264.2 million in 2019 and is predicted to advance at a 10.3% CAGR during the forecast period (2020–2030). Maintenance, repair, and service are the major kinds of this software, among which, the demand for repair solutions is expected to be the highest in the coming years. This is because of the increased adoption of auto repair software for automobile repair and diagnostics. These solutions provide valuable insights from colored diagram for wiring, experienced technicians, and repair information provided by the automaker for ease of understanding. This being said, the demand for automotive repair software is also projected to rise for service offerings in the near future. This can be ascribed to the fact that several service centers are making use of this software for shop management services, with the goal of saving time, increasing productivity, and increasing efficiency. The major end users of automotive repair software are manufacturer/original equipment manufacturer retail store, automotive repair workshop, auto parts wholesaler, and automotive dealer. Automotive repair workshops made the most use of this software, owing to the fact that a large number of such independent automobile servicing shops exist across the globe. North America has been the major user of automotive repair software in the past, which is on account of the rising average age of vehicles in the region. Regular servicing is important for vehicles that are owned for a longer time in order to extract optimum mileage out of them, which is why various auto repair shops are adopting this software for increasing efficiency. In addition to this, due to the fact that Asia-Pacific account for the major number of vehicles in operation, the region is projected to emerge as the fastest growing automotive repair software market. Hence, the demand for automotive repair software is rising due to the growing number of vehicles on roads and increasing number of auto repair shops. Read More: https://www.psmarketresearch.com/market-analysis/automotive-repair-software-market

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