What is Rental Software Market?
Rental software automates business management, record keeping, and accounting for retail stores, rental property management firms, event rental shops, and other rental businesses. Rental software for live event & production businesses. Companies provide their clients with solutions to control, manage and drive their live event businesses forward through their innovative rental management software.
The market study is being classified, by Application (Contract Management, Inspection Management, Inventory Management, Late Fee Calculation, Maintenance Management and Others) and major geographies with country level break-up.
EZ Web Enterprises, Inc. (United States), Navigator Systems (India), Sales Igniter (United States), MapYourTag (France), Windward Software (Canada), Rentman (Netherlands), Snappii (United States), Ascent Processing, Inc. (United States), Universal Accounting Software (United States) and Corrigo (United Stated) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are InflatableOffice (United States), Infor (United States), MCS-rm rental software (United Kingdom) and inspHire (United Kingdom).
The rental software market is fragmented as the market has a number of companies that offer software and there are lots of new companies entering the rental software market due to relative ease of developing software. The companies are exploring the market by 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.The Players having a strong hold in the market are EZ Web Enterprises, Inc., Navigator Systems, Sales Igniter, and MapYourTag. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Rental Software market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Rental Software market by Type, Application and Region.
On the basis of geography, the market of Rental 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Rising Live Event & Production Businesses across the Globe
- Growing Digitalization and Industrialization in Developing Economies
Market Trend
- Rising Adoption of the AI Technology
Restraints
- High Investment and Implementation Cost of Rental Software
Opportunities
- Technological Development and Advancement in the Software
Challenges
- Lack of Skilled Working Professionals
Market Leaders and some development strategies
Recently, Ascent Processing Inc. has announced their partnership with TRACK, a complete enterprise software solution for today’s ever-evolving short-term rental industry. The integrated solution offers Professional Management Companies cutting-edge reservation technology, coupled with the strongest payment processing solution and support available in the industry.
Key Target Audience
Rental Software Providers, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Other