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Lease Management Market Report

RA00411

Lease Management Market, By Component (Solution, Services), Deployment Mode (Cloud, on premises), Enterprise Size (Small and Medium, Large), End Use Industry (Retail, Education, Government, Manufacturing, others), Regional Outlook (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2019–2026

RA00411

Pages: 202

Sep 2020

COVID-19

pandemic has shown to have an enormous impact on most
industries.

Click Here to access our comprehensive analysis of the

Impact of covid-19 on Lease Management Market

Lease management market accounted for $3,721.6 million in 2019 and is predicted to grow at a CAGR of 6.7% in the forecast period by generating a revenue of $6,252.3 million by 2027. Asia-Pacific market accounted for $1,010.4 million in 2019 and is predicted to rise with a CAGR of 7.4% in the forecast period.

Market Analysis

Lease Management is a comprehensive system which affects the complete workforce with the transparency of the data. With the help of lease management, the workflow of the of organizations and lease property data can be tracked, which helps in enhancement of the organizations’ business. Lease management helps in managing business operations electronically and eliminates paperwork.

COVID-19 Impact on Lease Management Market:

As the coronavirus pandemic was first recognized, it has spread across the globe and impacted almost all verticals of every industry. This pandemic has had a considerable effect on the global economic growth. Most people now prefer to work from home instead of visiting the office. The lease management software integrates all the facility management data which helps the organization to work remotely without any interruption in the operational work. The developing trend of work from home is predicted to be the biggest driving factor for the global lease management market at the time of pandemic. On the other hand, the cost associated is very high, which is predicted to hinder the global lease management market in the forecast period.

Rise in the demand for software as a service (SaaS) model in lease management is predicted to drive the market in the estimated period

Lease management is used to keep a daily track on the business performance on a daily, weekly and monthly basis. Currently, most software organizations are looking forward to run their software with the help of cloud. Software as a service helps the users to access various platforms over the internet with the help of a browser and the software is hosted on cloud. Increasing adoption of SaaS model among organizations for remote access in a cost friendly manner is predicted to drive the global lease management market in the estimated period. Moreover, rise in the demand for smart building projects is predicted to be one of the major driving factors for the global market in the estimated period.

Lack of awareness and higher investment cost is predicted to be the biggest restraint for the market in the estimated period

The cost required for implementing these software in an organization is very high. Moreover, regular maintance of the software along with updating is expensive, which is predicted to be the biggest restraint for the global lease management market in the forecast period. Thus, SMEs and startup organizations cannot afford the lease management software, which is predicted to hinder the market in the forecast period. In addition, several organizations are not aware of the lease management software. Most organizations practice the old method of maintaining lease property details which is predicted to hinder the market growth in the estimated period.

Lease Management Market, By Component

Services segment is predicted to be the most lucrative segment

Lease Management Market, By Component

Source: Research Dive Analysis

Service sub-segment is predicted to have the highest market share in the forecast period. Service sub-segment accounted for $2,268.7 million in 2019 and is predicted to rise with a CAGR of 6.3% in the forecast period. The service component offers end to end optimized solutions to the organization to control data efficiently and provides business insights which is predicted to drive the service sub-segment market in the estimated period.

Lease Management Market, By Deployment Mode

On-premises sub-segment is predicted to have the highest market share

Lease Management Market, By Deployment Mode

.Source: Research Dive Analysis

On-premise sub-segment is predicted to be the most lucrative segment in the estimated period. On-premises sub-segment accounted for $2,002.9 million in 2019 and is predicted to rise with a CAGR of 5.4% in the forecast period. On premises, the application provides higher security control over external services in a most cost-effective manner within the organization which is predicted to drive the sub-segment market in the estimated period.

Lease Management Market, By Enterprise Size

Large enterprise size sub-segment is predicted grow with highest market share

Lease Management Market, By Enterprise Size

Source: Research Dive Analysis

Large enterprise size sub-segment is predicted to have the highest market share in the forecast period. Large sub-segment accounted for $2,199.3 million in 2019 and is predicted to rise with a CAGR of 5.8% in the forecast period. Lease management helps large organizations for smooth flow of the operational work. Increasing adoption of lease management by the large enterprises for is predicted to be the major driving factor for the sub segment in the estimated period.

Lease Management Market, By End Use Industry

Large sub-segment is predicted grow with highest market share

Lease Management Market, By End Use Industry

Source: Research Dive Analysis

Manufacturing sub-segment is predicted to have the maximum market share in the forecast period. Manufacturing sub-segment accounted for $1,137.3 million in 2019 and is predicted to rise with a CAGR of 6.3% in the forecast period. The lease management software are mostly used in the manufacturing units as manufacturing industry mostly works on lease and contract among all the dealers and all transactions have to be monitored in a minute detail which is predicted to drive the sub-segment market in the estimated period.

Lease Management Market, By Region

North America region market is predicted to create more growth opportunity for the investors in the estimated period

Lease Management Market, By Region

Source: Research Dive Analysis

North America region market is predicted to be have maximum growth rate in the forecast period. North America region market was accounted for $1,219.6 million in 2019 and is predicted to rise with a CAGR of 5.9% in the forecast period. Presence of large number of companies across the region and rise in the investment by majority of the companies to setup operational flow within the region is predicted to drive the regional market in the estimated period. The companies focusing more on developing the advanced lease management software for their respective companies is predicted to drive the region market in the estimated period.

Key Players in the Global Lease Management Market

The major key players in the lease management market are LeaseAccelerator, Inc, NAKISA, CoStar Realty Information Inc., AppFolio, Inc, Trimble Inc, RealPage, Inc., Oracle Corporation, SAP, and IBM among others.

Porter’s Five Forces Analysis for Lease Management Market:

  • Bargaining Power of Suppliers: The switching cost from one supplier to another is projected to be medium.

The bargaining power of suppliers is very moderate.

  • Bargaining Power of Consumers: In this market, the concentration of buyers is Medium.

The bargaining power of consumers is moderate.

  • The threat of New Entrants: Huge initial investments are essential to start a new lease management software’s organization.

The threat of new entrants is low.

  • The threat of Substitutes: This market has a numerous alternatives of products moreover availability of product is also high due to which switching costs for clients is high.

The threat of substitutes is high.

  • Competitive Rivalry in the Market: Many major players are following several strategies, and product differentiation among them. The competitive rivalry in the industry is Moderate.

Aspect

Particulars

 Historical Market Estimations

 2019-2020

 Base Year for Market Estimation

 2019

 Forecast timeline for Market Projection

 2020-2027

 Geographical Scope

 North America, Europe, Asia-Pacific, LAMEA

 Segmentation by Component

  • Solution
  • Service

 Segmentation by Deployment Type

  • Cloud
  • On-Premises

 Segmentation by Enterprise Size

  • Small and Medium
  • Large

 Segmentation by End Use Industry

  • Retail
  • Education
  • Government
  • Manufacturing
  • Others

 Key Countries Covered

U.S., Canada, Mexico, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, China, Japan, India, Australia, South Korea, Rest of Asia-Pacific, Latin America, Middle East, Africa and  Rest of LAMEA

 Key Companies Profiled

  • LeaseAccelerator, Inc.
  • NAKISA,
  • CoStar Realty Information Inc.,
  • AppFolio, Inc.
  • Trimble Inc.
  • RealPage, Inc.
  • Oracle Corporation
  • SAP
  • IBM

FREQUENTLY ASKED QUESTIONS?
 

A. The lease management market size was over $3,721.6 million in 2019, and is predicted to grow with a CAGR of 6.7% over the forecast period.

A. IBM and SAP are some of the key players in the global lease management market.

A. North America possesses great investment opportunities for the investors to witness the most promising growth in the coming years.

A. North America lease management market is projected to grow at 6.7% CAGR during the forecast period.

A. Product development is the key strategies opted by the operating companies in this lease management market.

A. SAP is the company investing more on R&D activities for developing new products and technologies.

1. Research Methodology

1.1. Desk Research
1.2. Real time insights and validation
1.3. Forecast model
1.4. Assumptions and forecast parameters

1.4.1. Assumptions
1.4.2. Forecast parameters

1.5. Data sources

1.5.1. Primary
1.5.2. Secondary

2. Executive Summary

2.1. 360° summary
2.2. Component trends
2.3. Deployment Type trends
2.4. Enterprise Size trends

3. Market Overview

3.1. Market segmentation & definitions
3.2. Key takeaways

3.2.1. Top investment pockets
3.2.2. Top winning strategies

3.3. Porter’s five forces analysis

3.3.1. Bargaining power of consumers
3.3.2. Bargaining power of suppliers
3.3.3. Threat of new entrants
3.3.4. Threat of substitutes
3.3.5. Competitive rivalry in the market

3.4. Market dynamics

3.4.1. Drivers
3.4.2. Restraints
3.4.3. Opportunities

3.5. Technology landscape
3.6. Regulatory landscape
3.7. Patent landscape
3.8. Pricing overview

3.8.1. By Component
3.8.2. By Deployment Type
3.8.3. By Enterprise Size
3.8.4. By region

3.9. Market value chain analysis

3.9.1. Stress point analysis
3.9.2. Raw material analysis
3.9.3. Manufacturing process
3.9.4. Distribution channel analysis
3.9.5. Operating vendors

3.9.5.1. Raw material suppliers
3.9.5.2. Product manufacturers
3.9.5.3. Product distributors

3.10. Strategic overview

4. Lease Management Market , by Component

4.1. Solution 

4.1.1. Market size and forecast, by region, 2019-2027
4.1.2. Comparative market share analysis, 2019-2027

4.2. Services

4.2.1. Market size and forecast, by region, 2019-2027
4.2.2. Comparative market share analysis, 2019-2027

5. Lease Management Market , by Deployment Type

5.1. Cloud

5.1.1. Market size and forecast, by region, 2019-2027
5.1.2. Comparative market share analysis, 2019-2027

5.2. On-Premises

5.2.1. Market size and forecast, by region, 2019-2027
5.2.2. Comparative market share analysis, 2019-2027

6. Lease Management Market , by Enterprise Size

6.1. Small and Medium

6.1.1. Market size and forecast, by region, 2019-2027
6.1.2. Comparative market share analysis, 2019-2027

6.2. Large

6.2.1. Market size and forecast, by region, 2019-2027
6.2.2. Comparative market share analysis, 2019-2027

7. Lease Management Market , by Enterprise Size

7.1. Retail

7.1.1. Market size and forecast, by region, 2019-2027
7.1.2. Comparative market share analysis, 2019-2027

7.2. Education

7.2.1. Market size and forecast, by region, 2019-2027
7.2.2. Comparative market share analysis, 2019-2027

7.3. Government

7.3.1. Market size and forecast, by region, 2019-2027
7.3.2. Comparative market share analysis, 2019-2027

7.4. Manufacturing

7.4.1. Market size and forecast, by region, 2019-2027
7.4.2. Comparative market share analysis, 2019-2027

7.5. Others

7.5.1. Market size and forecast, by region, 2019-2027
7.5.2. Comparative market share analysis, 2019-2027

8. Lease Management Market , by Region

8.1. North Region

8.1.1. Market size and forecast, by Component, 2019-2027
8.1.2. Market size and forecast, by Deployment Type, 2019-2027
8.1.3. Market size and forecast, by Enterprise Size, 2019-2027
8.1.4. Market size and forecast, by End Use industry ,2019-2027
8.1.5. Market size and forecast, by country, 2019-2027
8.1.6. Comparative market share analysis, 2019-2027
8.1.7. U.S
8.1.8. Market size and forecast, by Component, 2019-2027
8.1.9. Market size and forecast, by Deployment Type, 2019-2027
8.1.10. Market size and forecast, by Enterprise Size, 2019-2027
8.1.11. Market size and forecast, by End Use industry ,2019-2027
8.1.12. Comparative market share analysis, 2019-2027
8.1.13. Canada
8.1.14. Market size and forecast, by Component, 2019-2027
8.1.15. Market size and forecast, by Deployment Type, 2019-2027
8.1.16. Market size and forecast, by Enterprise Size, 2019-2027
8.1.17. Market size and forecast, by End Use industry ,2019-2027
8.1.18. Comparative market share analysis, 2019-2027
8.1.19. Mexico
8.1.20. Market size and forecast, by Component, 2019-2027
8.1.21. Market size and forecast, by Deployment Type, 2019-2027
8.1.22. Market size and forecast, by Enterprise Size, 2019-2027
8.1.23. Market size and forecast, by End Use industry ,2019-2027
8.1.24. Comparative market share analysis, 2019-2027

8.2. Europe

8.2.1. Market size and forecast, by Component, 2019-2027
8.2.2. Market size and forecast, by Deployment Type, 2019-2027
8.2.3. Market size and forecast, by Enterprise Size, 2019-2027
8.2.4. Market size and forecast, by End Use industry ,2019-2027
8.2.4.1. Comparative market share analysis, 2019-2027

8.2.5. Germany

8.2.5.1. Market size and forecast, by Component, 2019-2027
8.2.5.2. Market size and forecast, by Deployment Type, 2019-2027
8.2.5.3. Market size and forecast, by Enterprise Size, 2019-2027
8.2.5.4. Market size and forecast, by End Use industry ,2019-2027
8.2.5.4.1. Comparative market share analysis, 2019-2027

8.2.6. France

8.2.6.1. Market size and forecast, by Component, 2019-2027
8.2.6.2. Market size and forecast, by Deployment Type, 2019-2027
8.2.6.3. Market size and forecast, by Enterprise Size, 2019-2027
8.2.6.4. Market size and forecast, by End Use industry ,2019-2027
8.2.6.4.1. Comparative market share analysis, 2019-2027

8.2.7. Italy

8.2.7.1. Market size and forecast, by Component, 2019-2027
8.2.7.2. Market size and forecast, by Deployment Type, 2019-2027
8.2.7.3. Market size and forecast, by Enterprise Size, 2019-2027
8.2.7.4. Market size and forecast, by End Use industry ,2019-2027
8.2.7.5. Comparative market share analysis, 2019-2027

8.2.8. Rest of Europe

8.2.8.1. Market size and forecast, by Component, 2019-2027
8.2.8.2. Market size and forecast, by Deployment Type, 2019-2027
8.2.8.3. Market size and forecast, by Enterprise Size, 2019-2027
8.2.8.4. Market size and forecast, by End Use industry ,2019-2027
8.2.8.5. Comparative market share analysis, 2019-2027

8.3. Asia-Pacific

8.3.1. Market size and forecast, by Component, 2019-2027
8.3.2. Market size and forecast, by Deployment Type, 2019-2027
8.3.3. Market size and forecast, by Enterprise Size, 2019-2027
8.3.4. Market size and forecast, by End Use industry ,2019-2027

8.4. Comparative market share analysis, 2019-2027

8.4.1. China

8.4.1.1. Market size and forecast, by Component, 2019-2027
8.4.1.2. Market size and forecast, by Deployment Type, 2019-2027
8.4.1.3. Market size and forecast, by Enterprise Size, 2019-2027
8.4.1.4. Market size and forecast, by End Use industry ,2019-2027
8.4.1.5. Comparative market share analysis, 2019-2027

8.4.2. India

8.4.2.1. Market size and forecast, by Component, 2019-2027
8.4.2.2. Market size and forecast, by Deployment Type, 2019-2027
8.4.2.3. Market size and forecast, by Enterprise Size, 2019-2027
8.4.2.4. Market size and forecast, by End Use industry ,2019-2027
8.4.2.5. Comparative market share analysis, 2019-2027

8.4.3. Japan

8.4.3.1. Market size and forecast, by Component, 2019-2027
8.4.3.2. Market size and forecast, by Deployment Type, 2019-2027
8.4.3.3. Market size and forecast, by Enterprise Size, 2019-2027
8.4.3.4. Market size and forecast, by End Use industry ,2019-2027
8.4.3.5. Comparative market share analysis, 2019-2027

8.4.4. South Korea

8.4.4.1. Market size and forecast, by Component, 2019-2027
8.4.4.2. Market size and forecast, by Deployment Type, 2019-2027
8.4.4.3. Market size and forecast, by Enterprise Size, 2019-2027
8.4.4.4. Market size and forecast, by End Use industry ,2019-2027
8.4.4.5. Comparative market share analysis, 2019-2027

8.4.5. Australia

8.4.5.1. Market size and forecast, by Component, 2019-2027
8.4.5.2. Market size and forecast, by Deployment Type, 2019-2027
8.4.5.3. Market size and forecast, by Enterprise Size, 2019-2027
8.4.5.4. Market size and forecast, by End Use industry ,2019-2027
8.4.5.5. Comparative market share analysis, 2019-2027

8.4.6. Rest of Asia Pacific

8.4.6.1. Market size and forecast, by Component, 2019-2027
8.4.6.2. Market size and forecast, by Deployment Type, 2019-2027
8.4.6.3. Market size and forecast, by Enterprise Size, 2019-2027
8.4.6.4. Market size and forecast, by End Use industry ,2019-2027
8.4.6.5. Comparative market share analysis, 2019-2027

8.5. LAMEA

8.5.1. Market size and forecast, by Component, 2019-2027
8.5.2. Market size and forecast, by Deployment Type, 2019-2027
8.5.3. Market size and forecast, by Enterprise Size, 2019-2027
8.5.4. Market size and forecast, by End Use industry ,2019-2027
8.5.5. Market size and forecast, by country, 2019-2027
8.5.6. Comparative market share analysis, 2019-2027
8.5.7. Latin America

8.5.7.1. Market size and forecast, by Component, 2019-2027
8.5.7.2. Market size and forecast, by Deployment Type, 2019-2027
8.5.7.3. Market size and forecast, by Enterprise Size, 2019-2027
8.5.7.4. Market size and forecast, by End Use industry ,2019-2027

8.5.8. Comparative market share analysis, 2019-2027
8.5.9. Middle East

8.5.9.1. Market size and forecast, by Component, 2019-2027
8.5.9.2. Market size and forecast, by Deployment Type, 2019-2027
8.5.9.3. Market size and forecast, by Enterprise Size, 2019-2027
8.5.9.4. Market size and forecast, by End Use industry ,2019-2027
8.5.9.5. Comparative market share analysis, 2019-2027

8.5.10. Africa

8.5.10.1. Market size and forecast, by Component, 2019-2027
8.5.10.2. Market size and forecast, by Deployment Type, 2019-2027
8.5.10.3. Market size and forecast, by Enterprise Size, 2019-2027
8.5.10.4. Market size and forecast, by End Use industry ,2019-2027
8.5.10.5. Comparative market share analysis, 2019-2027

9. Company Profiles

9.1. LeaseAccelerator, Inc.

9.1.1. Business overview
9.1.2. Financial performance
9.1.3. Product portfolio
9.1.4. Recent strategic moves & developments
9.1.5. SWOT analysis

9.2. NAKISA.

9.2.1. Business overview
9.2.2. Financial performance
9.2.3. Product portfolio
9.2.4. Recent strategic moves & developments
9.2.5. SWOT analysis

9.3. CoStar Realty Information Inc

9.3.1. Business overview
9.3.2. Financial performance
9.3.3. Product portfolio
9.3.4. Recent strategic moves & developments
9.3.5. SWOT analysis

9.4. AppFolio, Inc.

9.4.1. Business overview
9.4.2. Financial performance
9.4.3. Product portfolio
9.4.4. Recent strategic moves & developments
9.4.5. SWOT analysis

9.5. Trimble Inc.

9.5.1. Business overview
9.5.2. Financial performance
9.5.3. Product portfolio
9.5.4. Recent strategic moves & developments
9.5.5. SWOT analysis

9.6. RealPage, Inc

9.6.1. Business overview
9.6.2. Financial performance
9.6.3. Product portfolio
9.6.4. Recent strategic moves & developments
9.6.5. SWOT analysis

9.7. Oracle Corporation.

9.7.1. Business overview
9.7.2. Financial performance
9.7.3. Product portfolio
9.7.4. Recent strategic moves & developments
9.7.5. SWOT analysis

9.8. Innolux corporation

9.8.1. Business overview
9.8.2. Financial performance
9.8.3. Product portfolio
9.8.4. Recent strategic moves & developments
9.8.5. SWOT analysis

9.9. SAP

9.9.1. Business overview
9.9.2. Financial performance
9.9.3. Product portfolio
9.9.4. Recent strategic moves & developments
9.9.5. SWOT analysis

9.10. IBM 

9.10.1. Business overview
9.10.2. Financial performance
9.10.3. Product portfolio
9.10.4. Recent strategic moves & developments
9.10.5. SWOT analysis

Leasing software is a ground-breaking technological invention that facilitates streamlining of all the property management operations in a smooth and efficient manner. Businesses willing to run their operations efficiently, boost productivity, and enhance the end results must implement a lease management software in their organization.

There are several players in the market such as IBM, AppFolio, Inc., SAP SE, RealPage, Inc., Oracle Corporation, Trimble Inc., and many more that offer lease management software with different features. In numerous large organizations, the responsibility for initiating leases might be handed over to regional or local services but, without complete control over the full lifecycle, ensuing significant events can be unnoticed. Therefore, businesses might naively be paying a huge charge on ever popular leases that should have been revised and/or terminated. As businesses are making headway, complications associated with tackling a vast amount of lease data are also growing. To solve this problem, businesses require innovative technology solutions; for instance, AI-based and cloud-based lease management software solutions.

A lease management software is a tool that is specifically created to assist landowners and property managers in managing their rental properties, finance, accounts, and renters. The software is equipped to handle various tasks in the property management such as buying, selling, leasing, online signing of lease agreements, renting, and streamlining rental management.

Why are Lease Management Software Gaining So Much Popularity?

The introduction of cloud technology is one of the foremost discoveries in the IT industry. This technology affects the way software applications function and are delivered as well as accessible to client organizations. The shift to the cloud has empowered software developers to enhance the technological aspects of the lease management software while contracting out the lease management software to cloud service providers. Growing adoption of cloud services has also encouraged many organizations to adopt cloud-based lease management software.

The increasing adoption of SaaS model for better lease management, growing demand for smart building projects to proficiently manage lease, and developing technologies like AI, IoT, and flexibility for real-time data evaluation are boosting the popularity as well as the demand for lease management software.

Recent Trends in the Lease Management Industry

The growing demand for efficient management of lease operations has given rise to the development of advanced features and innovations in the lease management software. Several players in the lease management industry are coming up with innovative solutions to satisfy the needs of their customer base. For instance, in September, 2020, Leaseable, the only Commercial Real Estate (CRE) data management firm that tethers source tenant data with portfolio-wide reporting for anytime-anywhere access, has declared the joining of Nuveen Real Estate, Spear Street, and Golub & Company to its Leaseable Cloud platform.

With Leaseable Cloud, Corporate Real Estate (CRE) customers will be able to develop transparent, trusted, and timely access to their lease data for in-depth portfolio analysis and complex decision making.

Moreover, in September 2020, Visual Lease, a front-runner in lease management and accounting software field, has proclaimed the successful migration of its 700+ customers to Amazon Web Services (AWS), an industry-leading cloud-based data center.

By improving the platform’s infrastructure, AWS cloud hosting offers Visual Lease customers with unparalleled data and application security, speed, and scalability.

COVID-19 Impact and Future Scope of the Lease Management Industry

With the outbreak of the COVID-19 pandemic across the world, most of the organizations have offered work-from-home for their employees. As a result, organizations are in need of flexibility and easy access to office data and resources. During the crisis period, organizations are focusing on hiring candidates from young generation who are usually technology-savvy and understand the use of numerous technological devices and software at the workplace. To maintain the flow and speed of work undisturbed, numerous firms are in search of management solutions, one among which is lease management software.

According to a report by Research Dive, the global lease management market is expected to observe significant growth by growing at a CAGR of 6.7% from 2020 to 2027. This is because such solutions assist related property managers and real estate agents to keep track of all the lease-related information they manage, and all the maintenance work associated with it, especially during a crisis situation like COVID-19 pandemic. As a final point, the growing trend of workplace flexibility is expected to fuel the demand for the lease management software in the coming years.

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