Dublin, Aug. 21, 2023 (GLOBE NEWSWIRE) -- The "Lease management Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.
The lease management market is poised for significant growth, with projections indicating an increase from $3.91 billion in 2022 to $4.21 billion in 2023, reflecting a robust compound annual growth rate (CAGR) of 7.5%.
Geopolitical tensions resulting from the Russia-Ukraine conflict have momentarily disrupted the trajectory of global economic recovery post the COVID-19 pandemic. The ongoing war between these nations has triggered economic sanctions, ignited surges in commodity prices, and induced disruptions across supply chains, subsequently contributing to inflation across various sectors and impacting global markets.
However, the lease management market is forecasted to chart a noteworthy course, reaching an estimated valuation of $5.46 billion by 2027, underpinned by a CAGR of 6.7%.
Presenting Comprehensive Insights into the Market
The lease management market research report is an integral component of a comprehensive series of reports, offering an array of statistics encompassing global market size, regional allocations, competitive landscape, detailed market segments, emerging trends, potential opportunities, and crucial data essential for success within the lease management industry. Through an exhaustive analysis of both current and future industry scenarios, this report provides an all-encompassing perspective of the sector.
Rising Trend: Technological Advancements
Technological advancements are emerging as a key trend that is gaining momentum within the lease management market. Major players within the lease management industry are introducing innovative technologies to solidify their market presence.
A prime example of this trend is Dottid, a US-based software-as-a-service technology platform for the commercial real estate sector. In February 2021, Dottid unveiled an industrial property leasing and asset management platform, a groundbreaking workflow management tool designed to facilitate secure and efficient communication between owners, managers, brokers, and tenants. This solution incorporates visual tools, access management, and streamlined processes, leading to significant time and cost savings for all parties involved in transactions.
Market Dynamics and Global Reach
In January 2021, MRI Software, a prominent US-based real estate technology company, made an undisclosed acquisition of AMTdirect (AMT), bolstering MRI's commitment to the occupier sector and expanding its market reach. AMTdirect (AMT), a US-based company, specializes in providing lease accounting, lease administration, and facilities management solutions tailored for corporate occupiers and lessees.
North America emerged as the largest region within the lease management market in 2022, with the report comprehensively covering diverse regions, including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Moreover, the report offers a comprehensive analysis of the lease management landscape across key countries such as Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA.
Driving Force: Demand for Workplace Mobility Solutions
The escalating demand for workplace mobility solutions is anticipated to drive the lease management market's growth trajectory. Workplace mobility, characterized by the ability to work remotely from any device, fosters enhanced connectivity within the workforce. As companies increasingly embrace remote work environments, the need arises for solutions that enable remote management of leased asset portfolios. Lease management, often facilitated through online platforms, meets this demand by allowing remote access and management.
A survey conducted by the World Economic Forum in 2021 highlighted that 64% of respondents from 29 countries found remote work to enhance productivity. Additionally, an article published by the Manpower Research and Statistics Department in Singapore revealed that 49% of employed residents worked remotely in 2020 and expressed a desire to continue this trend. These insights underscore the growing significance of workplace mobility and its role in propelling the lease management market forward.
Overview of the Report
"Lease Management Global Market Report 2023" serves as a vital resource for strategists, marketers, and senior management, equipping them with essential insights into market trends, impacts, and data-driven decision-making. This report empowers stakeholders to formulate effective strategies and maintain a competitive edge within a dynamic market landscape.
The report covers a wide array of geographies, comprehensively encompassing more than 50 regions. It provides a comprehensive understanding of the market's response to the COVID-19 pandemic and evaluates the implications of geopolitical conflicts like the Russia-Ukraine war. Additionally, the report assesses the interplay between high global inflation and market growth, facilitating the creation of region-specific and country-specific strategies based on localized data and analysis.
With an emphasis on identifying growth segments for investment and leveraging forecast data, the report empowers stakeholders to surpass competitors by aligning strategies with prevailing market drivers and trends. Insights into customer behavior through the latest market shares and performance benchmarking against key competitors further enhance the report's value. Whether for internal or external presentations, the report provides reliable high-quality data and analysis, offering comprehensive support.
A selection of companies mentioned in this report includes
- LeaseAccelerator Inc
- Nakisa Lease Administration
- CoStar Realty Information Inc
- AppFolio Inc
- Trimble Inc
- RealPage Inc
- Oracle Corporation
- SAP SE
- International Business Machines Corporation
- Nomos Limited
- PowerPlan Inc.
- SMR Group
- Soft4Lessee
- SS&C Technologies Inc. (Skyline)
- Tango Analytics
- Visual Lease LLC
For more information about this report visit https://www.researchandmarkets.com/r/3j3nt6
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