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IC2009411 |
Pages: 280 |
Nov 2022 |
Among the data transparency initiatives, lease management is a comprehensive system that affects the entire workforce. Receiving rent from assets they own, paying rent for amenities they lease, as well as other tasks, are all included in lease management. It facilitates computerized business operations control and eliminates paper-based processes. Additionally, lease audits, lease reviews, and abstracting; common area maintenance (CAM) fees; accounting & processing; repairs & maintenance; lease renewal options, occupancy pricing analysis; information management & reporting; document storage & keeping; and operational cost reviews are all tasks that are covered by lease management. The COVID-19 outbreak is leading to the rise in demand for office mobility solutions, increase in demand for smart buildings to efficiently regulate leasing, and a tendency toward IT modernization for greater company performance.
However, the cost of successfully implementing this lease management software in a business is prohibitively expensive. Additionally, the largest barrier for the global lease management market in the forecast period is anticipated to be the cost of routine maintenance and updating of the software. Due to this, small and medium business owners and new businesses might not be able to afford lease management software. These factors are anticipated to restrain the lease management market growth during the forecast period.
The market is gaining pace around technologies such as Internet of Things (IoT), SaaS, cutting-edge new sensors, advanced analytics, mobility, and new development environments, enabling more demand for enterprise integration than ever before. This will eventually, have an impact on the implementation of lease management software across real estate organizations. To connect users via digital networking and improve project cooperation and space usage, lease management software vendors provide integrated solutions. In addition, to drive operations, decisions, and facility automation, the leasing management software can support device data from sensors, monitors, and smartphones. Contrary to traditional analytical tools, lease management software is both pre-configured for commercial use and already connected with the professional commercial lease management business process. Real-time analytics, predictive analytics, and the more recent presence analytics and cognitive analytics are all available with this system. These factors are anticipated to generate growth opportunities for the global lease management market.
According to regional analysis, the Europe lease management market accounted highest market share in 2021. Rise in adoption of lease management by several countries, such as France and Spain in this region, to manage and retain enormous volumes of data, is one important reason that is projected to drive growth of the global lease management market in Europe.
A lease management system is created to meet all operational requirements of asset-based lending firms. A leasing management system is required to make data transparent among stakeholders, automate paperwork, and speed up user access to data. In addition, it provides integrated financial analysis tools and a central database that preserves information. This makes it possible for a customer to manage lease payments effectively, create abstractions and stack schedules, and accurately review lease-level financial data. Furthermore, to establish the possession of properties with a full perspective of their properties, lease management integrates its work with immovable portfolio management. The accomplishment of corporate objectives and management activities is made easier by leasing management.
Since the COVID-19 pandemic was initially identified, it has spread around the world and affected practically every industry's vertical. The pandemic has had a significant impact on the expansion of the world economy. The pandemic has an impact on the worldwide market in a number of ways, as it causes consumers to prefer cloud-based solutions over those that require on-premises deployment. Several businesses are thinking about switching to a virtual office because of the lockout and numerous government duties. To carry out their commercial activities in lease management, this may accelerate the penetration of technology such as lease management solutions. It makes it easier for real estate agents and related property managers to track all data and management-related information. Nowadays, most people choose to work remotely instead of sitting in an office. The business can function remotely without any interruptions thanks to the leasing management software's integration of all facility management data. At the time of the pandemic, it was anticipated that the rise in the tendency of working from home would be the main driving force for the global leasing management market.
The use of lease management allows for the daily, weekly, and monthly monitoring of business performance. The majority of software companies currently want to use cloud to run their products. With the aid of a web browser, apps such as Buildium, AppFolio Property Manager, and others enable users to access multiple online platforms. These programs are hosted on the cloud. The use of SaaS models by businesses for cost-effective remote access is anticipated to fuel growth in the global lease management market during the forecast period. Moreover, it is anticipated that one of the key drivers propelling the global market during the projected period will be the increase in demand for smart building projects.
Implementing lease management software in an organization is quite costly. Additionally, the cost of routine software maintenance and updating is expected to be the major inhibitor of the global leasing management market throughout the projection period. As a result, lease management software is out of reach for small & medium enterprise and new businesses, which is expected to restrain the market throughout the forecast period. Moreover, the lease management software is unknown to many firms. Most businesses still use the old-fashioned way of keeping track of rental property information, which is expected to impede market expansion during the projected time.
One of the largest opportunities in the lease management market is emerging technology, such as the Internet of Things (IoT), which has the potential to transform the way real estate managers manage their properties. The adoption of IoT will greatly simplify operations because leasing information can be automatically collected by sensors, which can then be analyzed for maintenance activities at the highest efficiency. The adoption of IoT would greatly lower the load on leasing management tools and assist in obtaining correct results in the shortest amount of time. Even though the Internet of Things is still in its infancy, it has enormous development potential. This solution can provide predictive analytics, real-time analytics, presence analytics, and the more recent cognitive analytics. As a result, the development of the IoT market will undoubtedly have an impact on the global market for leasing management software.
Based on component, the market is further classified into solution and services. Among these, solution segments accounted for a dominating market share in 2021 and services is estimated to witness the fastest growth during the forecast period.
The solution segment accounted for a dominating market share in 2021. The solution segment plays a major role in revolutionizing the lease management market owing to their advantages in record keeping efficiently. Lease management system is an important solution for accuracy, easy accessibility, and management of documentation in retail or government sector which is expected to drive the growth of the solution segment of lease management market during the forecast period.
The services segment is estimated to witness the fastest growth during the forecast period. This is due to the increase in complexity of lease obligations, which drives the demand for advanced leasing management services for reporting. The service component provides end-to-end efficient solutions to establishments to efficiently control data and provide business insights, which is expected to drive the growth of the service segment of lease management market during the forecast period.
Based on deployment type, the global lease management market has been divided into on premises and cloud. Among these, cloud segment accounted for a dominating market share.
The cloud segment accounted for a dominating market share in 2021. Due to consumers' shifting preference away from the traditional on-premises lease management toward web-based leasing services, the cloud market is expected to have promising growth. In addition, the advantages of cloud installations, including their adaptability, economy of scale, automation, real-time access to leasing data, and other features, are boosting interest in cloud-based solutions.
Based on enterprise size, the global lease management market has been divided into small & medium enterprises and large enterprises. Among these, the large enterprises segment accounted for a dominating market share.
The large enterprises segment accounted for a dominating market share in 2021. Large firms benefit from lease management for a seamless flow of operational activities. The primary driving force for the segment is anticipated to be an increase in the use of lease management by large businesses and an increase in the demand from these businesses for professional management of their leasing portfolios during the forecasted period.
Based on end use industry, the global lease management market has been classified into retail, education, government, manufacturing, and others. Among these, manufacturing segment is expected to be the most dominant during the forecast period.
The manufacturing segment accounted for a dominating market share in 2021. The majority of lease management software is utilized in manufacturing units. Since the manufacturing sector relies heavily on contracts and leases with all the dealers and as every transaction must be closely watched, the segment market is expected to be driven by this trend during the forecast period.
The lease management market was investigated across Europe, North America, Asia-Pacific, and LAMEA.
The lease management market in Europe accounted for the dominant market share in 2021. The presence of several businesses around the region and an increase in investments made by most businesses to build up operational flow inside the region are anticipated to drive the regional market during the projected period. The firms are concentrating more on creating cutting-edge leasing management software for their individual businesses which is anticipated to dominate the regional market during the projected period.
Product development, partnership, acquisition, product launch, collaborations, and technological development are the common strategies followed by major lease management market players. For instance, in November 2020, Nakisa, Inc., a technology firm specializing in enterprise business solutions, has acquired IMNAT Software, Inc., a cloud-based real estate management solutions provider, to increase its focus on centralizing and automating compliance and accounting operations.
Some of the leading players in lease management market are Lease Accelerator, Inc., CoStar Group, FORTUNE Media IP Limited, Trimble Inc., Nakisa, RealPage, Inc., Oracle Corporation., IBM, Innolux Corporation, and SAP.
| Aspect | Particulars |
| Historical Market Estimations | 2020 |
| Base Year for Market Estimation | 2021 |
| Forecast timeline for Market Projection | 2022-2031 |
| Geographical Scope | Europe, North America, Asia-Pacific, and LAMEA |
| Segmentation by Component
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| Segmentation by Deployment |
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| Segmentation by Enterprise Size |
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| Segmentation by End Use Industry |
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| Key Companies Profiled |
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1.Research Methodology
1.1.Desk Research
1.2.Real time insights and validation
1.3.Forecast model
1.4.Assumptions and forecast parameters
1.5.Market size estimation
1.5.1.Top-down approach
1.5.2.Bottom-up approach
2.Report Scope
2.1.Market definition
2.2.Key objectives of the study
2.3.Report overview
2.4.Market segmentation
2.5.Overview of the impact of COVID-19 on Global Lease Management market
3.Executive Summary
4.Market Overview
4.1.Introduction
4.2.Growth impact forces
4.2.1.Drivers
4.2.2.Restraints
4.2.3.Opportunities
4.3.Market value chain analysis
4.3.1.List of raw material suppliers
4.3.2.List of manufacturers
4.3.3.List of distributors
4.4.Innovation & sustainability matrices
4.4.1.Technology matrix
4.4.2.Regulatory matrix
4.5.Porter’s five forces analysis
4.5.1.Bargaining power of suppliers
4.5.2.Bargaining power of consumers
4.5.3.Threat of substitutes
4.5.4.Threat of new entrants
4.5.5.Competitive rivalry intensity
4.6.PESTLE analysis
4.6.1.Political
4.6.2.Economical
4.6.3.Social
4.6.4.Technological
4.6.5.Environmental
4.7.Impact of COVID-19 on Lease management market
4.7.1.Pre-covid market scenario
4.7.2.Post-covid market scenario
5.Lease management Market Analysis, by Component
5.1.Overview
5.2.Solution
5.2.1.Definition, key trends, growth factors, and opportunities
5.2.2.Market size analysis, by region
5.2.3.Market share analysis, by country
5.3.Services
5.3.1.Definition, key trends, growth factors, and opportunities
5.3.2.Market size analysis, by region
5.3.3.Market share analysis, by country
5.4.Research Dive Exclusive Insights
5.4.1.Market attractiveness
5.4.2.Competition heatmap
6.Lease management Market Analysis, by Deployment Mode
6.1.Cloud
6.1.1.Definition, key trends, growth factors, and opportunities
6.1.2.Market size analysis, by region
6.1.3.Market share analysis, by country
6.2.On-premise
6.2.1.Definition, key trends, growth factors, and opportunities
6.2.2.Market size analysis, by region
6.2.3.Market share analysis, by country
6.3.Research Dive Exclusive Insights
6.3.1.Market attractiveness
6.3.2.Competition heatmap
7.Lease management Market Analysis, by Enterprise Size
7.1.Overview
7.2.Small & Medium
7.2.1.Definition, key trends, growth factors, and opportunities
7.2.2.Market size analysis, by region
7.2.3.Market share analysis, by country
7.3.Large
7.3.1.Definition, key trends, growth factors, and opportunities
7.3.2.Market size analysis, by region
7.3.3.Market share analysis, by country
7.4.Research Dive Exclusive Insights
7.4.1.Market attractiveness
7.4.2.Competition heatmap
8.Lease management Market Analysis, by End-use
8.1.Overview
8.2.Retail
8.2.1.Definition, key trends, growth factors, and opportunities
8.2.2.Market size analysis, by region
8.2.3.Market share analysis, by country
8.3.Education
8.3.1.Definition, key trends, growth factors, and opportunities
8.3.2.Market size analysis, by region
8.3.3.Market share analysis, by country
8.4.Government
8.4.1.Definition, key trends, growth factors, and opportunities
8.4.2.Market size analysis, by region
8.4.3.Market share analysis, by country
8.5.Manufacturing
8.5.1.Definition, key trends, growth factors, and opportunities
8.5.2.Market size analysis, by region
8.5.3.Market share analysis, by country
8.6.Others
8.6.1.Definition, key trends, growth factors, and opportunities
8.6.2.Market size analysis, by region
8.6.3.Market share analysis, by country
8.7.Research Dive Exclusive Insights
8.7.1.Market attractiveness
8.7.2.Competition heatmap
9.Lease management Market, by Region
9.1.North America
9.1.1.U.S.
9.1.1.1.Market size analysis, by Component
9.1.1.2.Market size analysis, by Deployment Mode
9.1.1.3.Market size analysis, by Enterprise Size
9.1.1.4.Market size analysis, by End-use
9.1.2.Canada
9.1.2.1.Market size analysis, by Component
9.1.2.2.Market size analysis, by Deployment Mode
9.1.2.3.Market size analysis, by Enterprise Size
9.1.2.4.Market size analysis, by End-use
9.1.3.Mexico
9.1.3.1.Market size analysis, by Component
9.1.3.2.Market size analysis, by Deployment Mode
9.1.3.3.Market size analysis, by Enterprise Size
9.1.3.4.Market size analysis, by End-use
9.1.4.Research Dive Exclusive Insights
9.1.4.1.Market attractiveness
9.1.4.2.Competition heatmap
9.2.Europe
9.2.1.Germany
9.2.1.1.Market size analysis, by Component
9.2.1.2.Market size analysis, by Deployment Mode
9.2.1.3.Market size analysis, by Enterprise Size
9.2.1.4.Market size analysis, by End-use
9.2.2.UK
9.2.2.1.Market size analysis, by Component
9.2.2.2.Market size analysis, by Deployment Mode
9.2.2.3.Market size analysis, by Enterprise Size
9.2.2.4.Market size analysis, by End-use
9.2.3.France
9.2.3.1.Market size analysis, by Component
9.2.3.2.Market size analysis, by Deployment Mode
9.2.3.3.Market size analysis, by Enterprise Size
9.2.3.4.Market size analysis, by End-use
9.2.4.Spain
9.2.4.1.Market size analysis, by Component
9.2.4.2.Market size analysis, by Deployment Mode
9.2.4.3.Market size analysis, by Enterprise Size
9.2.4.4.Market size analysis, by End-use
9.2.5.Italy
9.2.5.1.Market size analysis, by Component
9.2.5.2.Market size analysis, by Deployment Mode
9.2.5.3.Market size analysis, by Enterprise Size
9.2.5.4.Market size analysis, by End-use
9.2.6.Rest of Europe
9.2.6.1.Market size analysis, by Component
9.2.6.2.Market size analysis, by Deployment Mode
9.2.6.3.Market size analysis, by Enterprise Size
9.2.6.4.Market size analysis, by End-use
9.2.7.Research Dive Exclusive Insights
9.2.7.1.Market attractiveness
9.2.7.2.Competition heatmap
9.3.Asia Pacific
9.3.1.China
9.3.1.1.Market size analysis, by Component
9.3.1.2.Market size analysis, by Deployment Mode
9.3.1.3.Market size analysis, by Enterprise Size
9.3.1.4.Market size analysis, by End-use
9.3.2.Japan
9.3.2.1.Market size analysis, by Component
9.3.2.2.Market size analysis, by Deployment Mode
9.3.2.3.Market size analysis, by Enterprise Size
9.3.2.4.Market size analysis, by End-use
9.3.3.India
9.3.3.1.Market size analysis, by Component
9.3.3.2.Market size analysis, by Deployment Mode
9.3.3.3.Market size analysis, by Enterprise Size
9.3.3.4.Market size analysis, by End-use
9.3.4.Australia
9.3.4.1.Market size analysis, by Component
9.3.4.2.Market size analysis, by Deployment Mode
9.3.4.3.Market size analysis, by Enterprise Size
9.3.4.4.Market size analysis, by End-use
9.3.5.South Korea
9.3.5.1.Market size analysis, by Component
9.3.5.2.Market size analysis, by Deployment Mode
9.3.5.3.Market size analysis, by Enterprise Size
9.3.5.4.Market size analysis, by End-use
9.3.6.Rest of Asia Pacific
9.3.6.1.Market size analysis, by Component
9.3.6.2.Market size analysis, by Deployment Mode
9.3.6.3.Market size analysis, by Enterprise Size
9.3.6.4.Market size analysis, by End-use
9.3.7.Research Dive Exclusive Insights
9.3.7.1.Market attractiveness
9.3.7.2.Competition heatmap
9.4.LAMEA
9.4.1.Brazil
9.4.1.1.Market size analysis, by Component
9.4.1.2.Market size analysis, by Deployment Mode
9.4.1.3.Market size analysis, by Enterprise Size
9.4.1.4.Market size analysis, by End-use
9.4.2.Saudi Arabia
9.4.2.1.Market size analysis, by Component
9.4.2.2.Market size analysis, by Deployment Mode
9.4.2.3.Market size analysis, by Enterprise Size
9.4.2.4.Market size analysis, by End-use
9.4.3.UAE
9.4.3.1.Market size analysis, by Component
9.4.3.2.Market size analysis, by Deployment Mode
9.4.3.3.Market size analysis, by Enterprise Size
9.4.3.4.Market size analysis, by End-use
9.4.4.South Africa
9.4.4.1.Market size analysis, by Component
9.4.4.2.Market size analysis, by Deployment Mode
9.4.4.3.Market size analysis, by Enterprise Size
9.4.4.4.Market size analysis, by End-use
9.4.5.Rest of LAMEA
9.4.5.1.Market size analysis, by Component
9.4.5.2.Market size analysis, by Deployment Mode
9.4.5.3.Market size analysis, by Enterprise Size
9.4.5.4.Market size analysis, by End-use
9.4.6.Research Dive Exclusive Insights
9.4.6.1.Market attractiveness
9.4.6.2.Competition heatmap
10.Competitive Landscape
10.1.Top winning strategies, 2021
10.1.1.By strategy
10.1.2.By year
10.2.Strategic overview
10.3.Market share analysis, 2021
11.Company Profiles
11.1.Lease Accelerator, Inc.
11.1.1.Overview
11.1.2.Business segments
11.1.3.Product portfolio
11.1.4.Financial performance
11.1.5.Recent developments
11.1.6.SWOT analysis
11.1.7.Research Dive Analyst View
11.2.CoStar Group,
11.2.1.Overview
11.2.2.Business segments
11.2.3.Product portfolio
11.2.4.Financial performance
11.2.5.Recent developments
11.2.6.SWOT analysis
11.2.7.Research Dive Analyst View
11.3.FORTUNE Media IP Limited
11.3.1.Overview
11.3.2.Business segments
11.3.3.Product portfolio
11.3.4.Financial performance
11.3.5.Recent developments
11.3.6.SWOT analysis
11.3.7.Research Dive Analyst View
11.4.IBM
11.4.1.Overview
11.4.2.Business segments
11.4.3.Product portfolio
11.4.4.Financial performance
11.4.5.Recent developments
11.4.6.SWOT analysis
11.4.7.Research Dive Analyst View
11.5.Oracle Corporation
11.5.1.Overview
11.5.2.Business segments
11.5.3.Product portfolio
11.5.4.Financial performance
11.5.5.Recent developments
11.5.6.SWOT analysis
11.5.7.Research Dive Analyst View
11.6.Trimble Inc.
11.6.1.Overview
11.6.2.Business segments
11.6.3.Product portfolio
11.6.4.Financial performance
11.6.5.Recent developments
11.6.6.SWOT analysis
11.6.7.Research Dive Analyst View
11.7.Nakisa
11.7.1.Overview
11.7.2.Business segments
11.7.3.Product portfolio
11.7.4.Financial performance
11.7.5.Recent developments
11.7.6.SWOT analysis
11.7.7.Research Dive Analyst View
11.8.RealPage, Inc.
11.8.1.Overview
11.8.2.Business segments
11.8.3.Product portfolio
11.8.4.Financial performance
11.8.5.Recent developments
11.8.6.SWOT analysis
11.8.7.Research Dive Analyst View
11.9.Innolux Corporation
11.9.1.Overview
11.9.2.Business segments
11.9.3.Product portfolio
11.9.4.Financial performance
11.9.5.Recent developments
11.9.6.SWOT analysis
11.9.7.Research Dive Analyst View
11.10.SAP
11.10.1.Overview
11.10.2.Business segments
11.10.3.Product portfolio
11.10.4.Financial performance
11.10.5.Recent developments
11.10.6.SWOT analysis
11.10.7.Research Dive Analyst View
12.Appendix
12.1.Parent & peer market analysis
12.2.Premium insights from industry experts
12.3.Related reports
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