About Lease Management
Lease management comprises cloud-based management and software as a service, it deals with lease administration with day-to-day execution of tasks and lease portfolio. It can be used in commercials as well as residential operations in small-medium and large organizations. The software and systems for lease operations manage the reporting, documents, coordination of the tasks involved in the business lease portfolio.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Accruent (United States), ResMan (United States), RealPage (United States), LeaseAccelerator (United States), AppFolio (United States), ZenTreasury (Finland), Microsoft AppSource (United States) and LeaseQuery (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Lease Management market by , Application (Residential and Commercial) and Region.
On the basis of geography, the market of Lease Management has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. If we see Market by Lease, the sub-segment i.e. Financial Lease will boost the Lease Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. SaaS will boost the Lease Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Organisation Size, the sub-segment i.e. Small-medium Organisation will boost the Lease Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Integration of Lease Management Tools and Software with various Features for Efficient Service
Market Growth Drivers:
Demand for Proper Lease Management Process to Support Lease Obligations and Rising Remote Work in Different Regions for Centralised Access to the Lease Information
Challenges:
Risk of Problems Associated with Fraudulent Lease Management Online and Offline Services
Restraints:
Problems with the Regulatory Compliances Involved in Lease Management
Opportunities:
Surging Rental Properties Requires Accurate and Effective Lease Management
Market Leaders and their expansionary development strategies
January 2022 – Global PropTech leader MRI Software today announces its acquisition of LeaseEagle, an Australian-based leader in commercial property lease management solutions for tenants in corporate, retail, healthcare and other sectors.
On 2nd February 2021, LeaseQuery, a leading provider of comprehensive lease accounting software, announced the launch of its LeaseManager solution. LeaseManager, able to house an unlimited number of leases free of charge, is a self-service lease management solution for tenants and lessees.
"The regulatory lease accounting standards ASC 842, GASB 87, and IFRS 16 set forth by the US-based Financial Accounting Standards Board (FASB), Governmental Accounting Standards Board (GASB), and allied International Accounting Standards Board (IASB) drastically changed the way leases are treated in accounting and have large impacts on a company’s balance sheet and financial position."
Key Target Audience
Lease Management Platform, Lease Management Service Providers, Lease Management Industry Association, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.