Lease Management Market- Segmentation, Major Players & Geographical Analysis, 2030
Global Lease Management Market - Introduction
- Lease management software or platform helps real estate executives to prepare, examine, and allocate lease and its relevant documentation. Lease management software provides a consolidated database that stores all information related to lease and enables end-users to efficiently manage lease outlays, prepare abstracts, and examines lease financial information.
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Impact of Coronavirus (COVID-19) on the Lease Management Market
Lockdowns across major regions (Europe, Asia, and North America) due to an increase in the spread of Coronavirus (COVID-19) negatively impacts the lease management market. Shutdown or closure of construction business due to social distancing is expected to result in a significant dip in the deployment of lease management for the year 2020 and 2021, which is expected to negatively impact the lease management market.
Increasing Focus on Adoption of SaaS Models Expected to Drive the Global Lease Management Market
- Adoption of cloud technology is one of the significant innovations in the software industry. The shifting focus toward cloud has empowered various software developers to focus more on technological upgrades in terms of lease management solutions. SaaS (Software-as-a-Service) - based solutions enable end-users to cancel services at any time as well as pay per use based on their requirement. The SaaS model enables real estate enterprises to easily integrate different types of software or platforms across the leasing portfolio.
- The SaaS model also supports multi-vendor software compatibility along with legacy systems. The SaaS model allows real estate executives to integrate lease management platforms with advanced payment solutions for seamless & easy transactions. These platforms allow easy process integration, well-organized lease administration management, and effective energy utilization. Thus, large-size organizations are majorly focusing on the utilization of cloud platforms for their operational needs. The deployment of SaaS-based software helps numerous organizations to meet multifaceted lease management challenges.
- The impact of this driver is expected to be high during the forecast period. Adoption of lease management is increasing across the globe, owing to increasing focus toward adoption of the SaaS model. This is expected to boost the global lease management market in the next few years.
Increasing Demand for Managed or Outsourced Services Expected to Hamper the Lease Management Market
- As enterprises are progressing, difficulties related to tackling lease data are also growing. To resolve this issue, organizations need advanced technological solutions that includes cloud-based as well as AI-based solutions. However, managing these advanced solutions in-house might become a challenge for real-estate companies as these solutions entail a high cost for hiring technicians and spending on their training with regards to the software update them from time to time. Therefore, many real estate companies outsource these services to lease management service providers to save this cost.
- Thus, increasing demand for managed or outsourced services is expected to hamper the growth of the lease management market during the forecast period.
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North America to Account for Major Share of the Global Lease Management Market
- In terms of region, the global lease management market can be segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa
- North America is anticipated to account for major share of the global lease management market during the forecast period due to increasing technological advancements in lease management. Europe is expected to follow North America in terms of share of the global lease management market from 2020 to 2030.
- The market in Asia Pacific is projected to expand at a rapid pace during the forecast period due to growing demand for smart building projects to proficiently manage lease, specifically in India, Japan, and China.
Key Players Operating in the Global Lease Management Market Include:
- CoStar Realty Information, Inc.
- EbixCash Lending Solutions.
- FM Systems, Inc.
- IBM Corporation
- Lease Harbor LLC.
- LeaseAccelerator, Inc.
- LeaseEagle
- MRI Software, LLC
- Odessa Technologies
- Soft4Leasing
- TMA Systems, LLC
- Yardi Systems Inc.
- Others
Global Lease Management Market: Research Scope
Global Lease Management Market, by Component
- Solutions
- Integrated
- Stand-alone
- Administration
- Finance and Accounting
- Asset and Portfolio Management
- Regulatory and Compliance
- Document Management
- Dealer and Broker Management
- Others (Reporting and Analytics etc.)
- Services
- Implementation and Maintenance
- Consulting
Global Lease Management Market, by Deployment
- Cloud
- On-premise
Global Lease Management Market, by Application
- Commercial
- Residential
Global Lease Management Market, by End-user
- Housing Associations
- Real Estate Developers
Global Lease Management Market, by Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Russia
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- Singapore
- Rest of Asia Pacific
- Middle East & Africa
- UAE
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- South America
- Brazil
- Rest of South America
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This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
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