Portland, OR , Nov. 18, 2022 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global lease management market generated $4.6 billion in 2021, and is estimated to reach $9.0 billion by 2031, witnessing a CAGR of 6.9% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chains, regional landscape, and competitive scenario. The report is a helpful source of information for leading market players, new entrants, investors, and stakeholders in devising strategies for the future and taking steps to strengthen their position in the market.
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Report coverage & details:
| Report Coverage | Details |
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $4.6 Billion |
| Market Size in 2031 | $9.0 Billion |
| CAGR | 6.9% |
| No. of Pages in Report | 302 |
| Segments Covered | Component, Deployment Mode, Enterprise Size, End-Use Industry, and Region |
| Drivers | Advantages offered by lease management software such as ease of data tracking, time management, maintenance monitoring, property management, operational efficiency, and others, thereby minimizing the complexities involved in managing real estate leases. |
| Growth in cyber security and advancements in IT sectors. | |
| Rise in demand for secured transactions. | |
| Opportunities | Emerging technologies, such as the Internet of Things (IoT). |
| Introduction of cloud technology. | |
| Restraints | High cost of deploying these systems and the requirement for ongoing maintenance and enhancements. |
| Lack of awareness about interoperability in developing countries. |
Covid-19 Scenario:
- The COVID-19 pandemic positively impacted the lease management market, as the lease management software can efficiently handle the complexities that are faced by real estate leases. It offers an end-to-end solution for managing the real estate data for better profitability and control.
- The travel restrictions and social distancing norms imposed during the pandemic streamlined the rental operations of commercial & residential property managers as well as tenants, owing to which the market gained popularity during the pandemic.
The report offers a detailed segmentation of the global lease management market based on component, deployment mode, enterprise size, end-use industry, and region. The report provides an analysis of each segment and sub-segment with the help of tables and figures. This analysis helps market players, investors, and new entrants in determining the sub-segments to be tapped on to achieve growth in the coming years.
Based on component, the solutions segment held the largest share of more than three-fourths of the global lease management market in 2021 and would dominate in terms of revenue during the forecast period. However, the services segment is estimated to witness the fastest CAGR of 8.29% during the forecast period.
Based on deployment mode, the cloud segment was the largest in 2021, capturing more than three-fifths of the global lease management market share, and would rule the roost through 2031. The same segment is estimated to witness the fastest CAGR of 7.35% during the forecast period. The report also offers an analysis of the on-premise segment.
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Based on enterprise size, the large segment contributed to the highest share in 2021, grabbing nearly two-thirds of the global lease management market share and would dominate in terms of revenue during the forecast period. However, the small & medium segment would witness the fastest CAGR of 7.31% during the forecast period.
Based on end-use industry, the manufacturing segment was the largest in 2021, grabbing nearly one-third of the global lease management market share and would dominate in terms of revenue during the forecast period. However, the retail segment is likely to exhibit the fastest CAGR of 7.84% during the forecast period. The report also offers an analysis of education, government, and others segments.
Based on region, the market in North America was the largest in 2021, accounting for nearly one-third of the global lease management market share. However, the market in Europe would maintain a progressive revenue growth during the forecast period. On the other hand, the market in Asia-Pacific is expected to manifest the highest CAGR of 7.56% from 2022 to 2031. The other region analyzed in the study include LAMEA.
Leading players of the global Lease management market analyzed in the research include Lease Accelerator, Inc., CoStar Group, FORTUNE Media IP Limited, Trimble Inc., Nakisa, RealPage, Inc., Oracle Corporation, IBM, Innolux Corporation, and SAP.
The report analyzes these key players of the global lease management market. These players have adopted various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, product portfolio, and developments by every market player.
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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
