About Lease Administration Software
Lease administration software helps commercial real estate professionals prepare, analyze, and distribute leases and relevant documentation. The software delivers a centralized database that stores the information related to deal and built-in financial analysis tools. This tool is commonly used by leasing agents ad tenant representatives at various companies. The lease administration software enables the user to mage lease payments, prepare abstracts, analyze lease level financial information, etc. It also enables the user to set reminders for important tasks and events like lease expiration.
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.
IBM TRIRIGA (United States), AppFolio, Inc. (United States), Yardi Voyager (United States), Property Matrix (United States), ProLease (MRI Software) (United States), LeaseQuery, LLC (United States), Nakisa Inc (Canada), CoStar Realty Information, Inc. (United States), LeaseAccelerator Inc (United States), Visual Lease (United States), Brokermint (United States) and Lease Harbor LLC. (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 Administration Software market by , Application (Vendors, Lessees, Brokers and Funding Sources) and Region.
On the basis of geography, the market of Lease Administration Software 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). If we see Market by Lease, the sub-segment i.e. Commercial Lease will boost the Lease Administration Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Verticals, the sub-segment i.e. Healthcare will boost the Lease Administration Software 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. Cloud-based will boost the Lease Administration Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Features, the sub-segment i.e. Leasing Database will boost the Lease Administration Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The Introduction of Reminders and Alarms for Proper lease Management for Proper and Timely Payments
Market Growth Drivers:
Need for Managing a Large Number of Leasing Data and The Increasing Leasing Activities in Various Industries
Challenges:
Stringent Regulatory Standards on Lease Administration
Restraints:
Data Safety Related Risks Involved with Lease Administration Software
Opportunities:
Surging Demand for Lease Administration Software form Real Estate Industry
Market Leaders and their expansionary development strategies
On 8th July 2019, Nakisa Inc. announced the release of the Nakisa Lease Administration helping global organizations comply with new lease accounting standards by automating, centralizing and simplifying lease operation. The latest release offers key additions to the accounting and administration functionality, a brand-new reporting engine, a new API platform and suite of APIs, and enhancements to Nakisa’s cloud technology.
On 2nd October 2019, LeaseAccelerator Inc, announced the partnership with Qiado GmbH to help customers automate their IFRS 16 compliance programs throughout EMEA. This new partnership underpins the ability of LeaseAccelerator to deploy major European projects, whilst being able to uniquely offer the choice of either in-house SaaS (Software as a Service) solutions, or offsite fully managed solutions, known as Lease Accounting as a Service via Qiado.
Key Target Audience
Lease Administration Software Developer, 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.