Lease Management Market Analysis Report By Platform, By Deployment, By Application, By Organization Size, By Region And Segment Forecasts From 2021 To 2028

Synopsis

The global lease management market was prized by USD 4.01 billion in 2020. It is estimated to witness 5.9% CAGR from 2021 to 2028.

Drivers

The increasing requirement for the efficient lease administration is stimulating the demand for SaaS based management resolutions, thus steering the market for lease management. The global escalation in the figure of smart building schemes is, furthermore, causing an augmented demand for the lease management resolutions; because property managers look for highly developed solutions, to efficiently administer leases. Besides, the Covisd-19 pandemic is causing a better demand for the workplaces mobility resolutions, therefore pushing the demand for web sourced resolutions.

The lease management resolutions are, moreover, recognized as lease administration. It intimately works with lease office plus the agreement procedure. Incorporated with computerization facility, these management solutions assists businesses to administer their lease papers, store up and follows lease information, furthermore create reports.

The augmented necessity for the instantaneous data investigation by means of leveraging developing technologies such as the cloud, artificial intelligence and internet of things (IoT), is expected to generate many development openings for the companies.

Restraints

Yet, restrictions of the finances hamper the acceptance of sophisticated resolutions, in nearly all small & medium enterprises. This might affect, negatively, on the expansion of the lease management market.

Effect of Covid-19

The continuing Covid-19 pandemic has considerably disturbed the global financial system, causing globally a condition, similar to the recession. But, continuing vaccination drive and the planned unlocks are permitting markets to gradually recuperate. Sequentially, this could give rise to the better leasing as well as funds in leasing administration solutions.

Organization Size Insight

The large organizations section held the major, above 68.0% revenue share of the lease management market, in 2020. This can be credited to the elevated demand from large organizations, to professionally administer their leasing portfolio.

The small & medium organizations section is estimated to record the maximum, 9.1% CAGR for the duration of the forecast. The augmented necessity to go along with frequently altering agreement principles in addition to rising intricacies in leasing process is stirring this section.

Application Insight

The commercial sector held the major, more than 50.0% revenue share of the market, in 2020. The hopeful enlargement projections of the sector can be credited to the greater demand for the business properties, designed for the rental by many industries for example, retail, logistics, manufacturing, hospitality and education. The rising industrial as well as urban development is, furthermore, stimulating the demand for the lease management resolutions, through the commercial sector.

In 2020, the residential sector held the subsequent major revenue share of the market. The development of this sector can be credited to the rising figure of housing schemes as well as escalation in demand for the utilization of housing places/entrances like a retail places.

The industrial sector is projected to record the maximum 8.3% CAGR, throughout the forecast period.

Deployment Insight

The cloud section held the major, more than 60.0% revenue share of the lease management market, in 2020. It is expected to record the maximum CAGR, during the forecast period. The hopeful development projections of the cloud section can be credited to the changing consumers’ liking from usual on-premise lease management to web sourced leasing services.

The paybacks linked with cloud deployments like computerization, concurrent admittance to the leasing information, flexibility, price effectiveness and additional services, are adding to the better demand for the cloud resolution.

The on-premise section held the subsequent major revenue share in 2020 because of the considerable number of large enterprises is dependent on the on-premise lease management way out.

Platform Insight

The software division held leading, above 81.0% revenue share of the market for lease management, in 2020. It is projected to retain its advantage, during the forecast period. This can be credited to the increasing demand for lease management stage, to professionally deal with leases as well as present account backing to the clients.

The services division is likely to record the maximum 10.5% CAGR, during the forecast period. This can be credited to the augmented requirement for the cloud deployment of lease management solutions and the initiation of flexibility, automation, and efficiency, through the lifecycle of lease administration.

Regional Insight

In 2020, North America held the main, 35.0% revenue share of the global lease management market. It is anticipated to maintain its advantage, during the forecast period. It can be credited to the before time acceptance of lease management capability within the region.

Asia Pacific is projected to record the maximum 7.0% CAGR; during the forecast period. The issues like rising industrial development and growing figure of the smart city plans are additionally stimulating the demand for the smart buildings, within the region. This is likely to increase the enlargement of the market, within this state.

Companies

Due to the attendance of numerous regional as well as global companies, the market for lease management is divided. The main companies are joining in partnerships along with the joint ventures, it anticipate increasing their business existence, in addition to survive in the extremely aggressive business surroundings.

Besides, lease management service supplier companies are considerably paying for the research & development actions, to incorporate innovative technology in their assistance and build up sophisticated products, competent of going along with the worldwide continually altering lease contracts and add a reasonable lead over other market contestants.

Some of the companies for lease management market are:

• Yardi Systems Inc.
• SAP
• Odessa
• Lease Accelerator
• CoStar Realty Information, Inc.
• Nakisa Inc.
• Real Page, Inc.
• Oracle
• MRI Software, LLC
• IBM Corporation
• Accruent

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2016 to 2028. For this study, Million Insights has segmented the global lease management market report on the basis of platform, deployment, application, organization size, and region:

• Platform Outlook (Revenue, USD Million, 2016 - 2028)
    • Software
    • Service

• Deployment Outlook (Revenue, USD Million, 2016 - 2028)
    • On-premise
    • Cloud

• Application Outlook (Revenue, USD Million, 2016 - 2028)
    • Commercial
    • Residential
    • Industrial

• Organization Size Outlook (Revenue, USD Million, 2016 - 2028)
    • Large Organizations
    • Small & Medium Organizations

• Regional Outlook (Revenue, USD Million, 2016 - 2028)
    • North America
        • U.S.
        • Canada
    • Europe
        • U.K.
        • Germany
        • France
        • Italy
        • Rest of Europe
    • Asia Pacific
        • China
        • India
        • Japan
        • Australia
        • Rest of Asia Pacific
    • Latin America
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
        • South Africa
        • Rest of MEA