Lease Management Software Market Segments: by Component type (Services and Solutions); by size (Large and SMEs); by Deployment type (Cloud and on premises); and Region – Global Analysis of Market Size, Share & Trends for 2019 – 2020 and Forecasts to 2030
Product Overview
Lease management system is developed to satisfy the business needs of asset-based financing companies throughout the whole cycle. In order to automate paperwork and facilitate the user's access to data in less time, lease management software is needed to make data transparent between stakeholders. It also offers a central database that safeguards information and integrated financial analysis instruments. This enables a customer to handle lease payments productively, to prepare abstracts and stack schedules, and to examine lease-level financial information accurately. Lease management software also incorporates its work with immovable portfolio management software in order to demonstrate the possession of properties with a complete view of their properties. Leasing management software facilitates management operations and the achievement of business goals.
Market Highlights
Global Lease Management Software Market is expected to project a notable CAGR of 8.93% in 2030.
Global Lease Management Software Market to surpass USD 4.30 billion by 2030 from USD 3.90 billion in 2020 at a CAGR of 8.93% in the coming years, i.e., 2021-30. The demand for lease management is primarily driven by the growing demand for intelligent construction projects. The implementation of AI and IoT is also anticipated to promote the market during the projected timeframe for real-time analyses of the data. Rising use of lease management software is expected to drive the lease management market in the most efficient way to build the smart building with innovative performance and technologies. The building owners concentrate more on clever buildings and the property concentrates more on tapping intelligent buildings for consumers, which is anticipated to enhance the market growth over the forecasted period.
Global Lease Management Software Market: Segments
Service segment to grow with the highest CAGR during 2020-30
Global Lease Management Software Market is divided by Component type into Services and Solutions. The growth of the system integration services segment is due in particular to the heightened emphasis of companies on optimized labor load management with increased agility, speed, and safety, without worrying about training, integration and deployment, and support and maintenance problems.
Large enterprises segment to grow with the highest CAGR during 2020-30
Global Lease Management Software Market is segmented by Size Type into Large enterprises and small enterprises. The expense is more accessible for large companies, with Lease Management Software. Moreover, some of the massive consulting firms rely on software for lease management and manage the credit accounts with smaller companies. Lease Management Software has a positive influence on medium-sized companies due to the increase in popularity and adoption rates. The division is anticipated to expand in the CAGR by percent over its prediction period for small and medium enterprises.
Cloud segment to grow with the highest CAGR during 2020-30
Global Lease Management Software Market is divided by Deployment type into Cloud and on-premises. Cloud segment held the largest market share in the year 2020 and will continue to dominate the market in the coming years. During the projected timeframe, the type of cloud deployment is anticipated to accelerate in traction as it provides agility to execute and consume on-demand resources. Industries prefer this kind of deployment, as it provides easy access together with lower capital and operating costs.
Global Lease Management Software Market Dynamics
Drivers
Implementation of Software as a Service
One of the major advances in the software industry is the development of cloud technology. This significantly impacts the running and delivery of software applications to customers. The cloud shift has allowed software organizations to work more on lease management software technology while outsourcing lease management aspects to the cloud service providers. The SaaS software allows the user to pay for services peruse and to cancel whenever they like. The software allows large immobilized family organizations to integrate various software types easily into the portfolio.
Penetration of IoT and other applications
Technologies such as the Internet of Things (IoT), advanced analysis, enhances new sensors, mobility, SaaS, and new environment are increasingly being promoted on the market, enabling greater demand than ever before on business integration and, in turn, influencing the implementation of rental software across real-estate companies. Providers of lease management software are offering effective services to allow users to connect via social media, affect project cooperation, and use space.
Restraint
High operational cost and budget constraint
The immobilization sector has seen great fluctuations around the world in recent years. In particular, in the real estate industry, the impact of a 2008 global downturn lasted for many years. Although the market is stable and growing since 2012, the high disparity in population vs. real estate is still highly volatile. These factors restrict investment in this market by investors. Today, a number of immobilizers adopt these advanced and improved lease management technology solutions. However, the cost of implementing these solutions and the need to maintain and update them regularly create a problem for property managers. There are many legislative measures to leasing and contract management that force software providers to update related applications in client software.
Global Lease Management Software: Key Players
Accruent (US)
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Spacebase (US)
RealPage (US)
IBM (US)
SAP (Germany)
Nakisa (Canada)
LeaseQuery (Singapore)
LeaseAccelerator (US)
Trimble (US)
Odessa (US)
RAAMP (US)
Oracle (US)
CoStar Group (US)
Other Prominent Players
Global Lease Management Software Market: Regions
Global Lease Management Software Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Global Lease Management Software Market in North america held the largest market share of XX % in the year 2020. It is expected that Asia Pacific will rise XX % over the projected timeframe at the leading CAGR. The lease management market in North America is advanced and a substantial number of new lease management and upgrade facilities have been installed to date for the current data center infrastructure systems. The United States currently accounts for the largest share in the leasing management market because it is home to large telecommunications giants, excellently suppliers, and end-user industries, constantly adapting to modern innovations to enhance operational efficiency and productivity.
Global Lease Management Software Market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA
Global Lease Management Software Market report also contains analysis on:
Lease Management Software Segments:
By Size
Large
SMEs
By Deployment type into
Cloud
on-premises
By Component type
Services
Solutions
Lease Management Software Market Dynamics
Lease Management Software Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
Contents
1. Executive Summary
2. Global Lease Management Software Market
1. Product Overview
2. Market Definition
3. Segmentation
4. Assumptions and Acronyms
3. Research Methodology
1. Research Objectives
2. Primary Research
3. Secondary Research
4. Forecast Model
5. Market Size Estimation
4. Average Pricing Analysis
5. Macro-Economic Indicators
6. Market Dynamics
1. Growth Drivers
2. Restraints
3. Opportunity
4. Trends
7. Correlation & Regression Analysis
1. Correlation Matrix
2. Regression Matrix
8. Recent Development, Policies & Regulatory Landscape
9. Risk Analysis
1. Demand Risk Analysis
2. Supply Risk Analysis
10. Global Lease Management Software Market Analysis
1. Porters Five Forces
1. Threat of New Entrants
2. Bargaining Power of Suppliers
3. Threat of Substitutes
4. Rivalry
2. PEST Analysis
1. Political
2. Economic
3. Social
4. Technological
11. Global Lease Management Software Market
1. Market Size & forecast, 2020A-2030F
1. By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
2. By Volume (Million Units) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12. Global Lease Management Software Market: Market Segmentation
1. By Regions
1. North America:(U.S. and Canada), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
2. By Size: Market Share (2020-2030F)
1. SMEs, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
2. large, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
3. By Component: Market Share (2020-2030F)
1. Service, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
2. Solution, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
4. By Deployment Type: Market Share (2020-2030F)
1. Cloud, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
2. On premises, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
Company Profile
1. Accruent (US)
1. Company Overview
2. Company Total Revenue (Financials)
3. Market Potential
4. Global Presence
5. Key Performance Indicators
6. SWOT Analysis
7. Product Launch
2. Spacebase (US)
3. RealPage (US)
4. IBM (US)
5. SAP (Germany)
6. Nakisa (Canada)
7. LeaseQuery (Singapore)
8. LeaseAccelerator (US)
9. Trimble (US)
10. Odessa (US)
11. RAAMP (US)
12. Oracle (US)
13. CoStar Group (US)
14. Other Prominent Players
Consultant Recommendation
**The above-given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
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Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
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Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
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