Global Lease Management Market Size & Share to 2027
Global Lease Management Market Size, Trends & Growth Opportunity), By Type (Software, and Services), By Deployment (Cloud, and On-Premises),By Enterprise Size, By End User (Housing, Corporate, and Property Managers), By Region and Forecast till 2027
Global Lease Management Market
Lease management is used to simplify data tracking, and reporting to efficiently manage critical dates, monetary obligations, information regarding real estate, and other leased assets. Lease management system is based on cloud and on-premises deployments and used to administration with missing real time insights into maintenance operations.
Market Drivers
Rise in demand for SaaS model for effective lease management is the key driving factor which is expected to boost the global lease management market growth. Furthermore, increase in growth in infrastructure development across the globe will positively contribute the market growth. Also, increase in demand for cloud based software will fuel the market growth over the forecast period. Cloud technology is one of the essential technologies in software industry which affects the way software applications are run and delivered to clients. Increase in use of cloud has enabled software developers to focus more on technology aspect of the lease management software while outsourcing the lease management aspect to cloud service suppliers. Moreover, rise in demand for outsourcing services will drive the global lease management market during this forecast period.
Market Restraints
However, a budget constraint for implementation of technological solutions is the major restraining factor which is expected to hinder the global lease management market growth. Also, lack of technical expertise and skills which is expected to hamper the global lease management market growth during this forecast period.
Market Segmentation
Global Lease Management Market is segmented into type such as Software, and Services, by deployment mode such as Cloud, and On-Premises, by enterprise size such as Large Enterprises, and Small and Medium Size Enterprises. Further, market is segmented into end user such as Housing, Corporate, and Property Managers, and by vertical such as BFSI, Education, Real Estate, Government and Public Sector, Transportation and Logistics, and Others.
Also, Lease Management Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market key Players
Various key players are discussed in this report such as IBM, ORACLE, REALPAGE, ACCRUENT, SAP, TRIMBLE, APPFOLIO, ODESSA, and NAKISA
Market Taxonomy
By Type
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook