Leasing companies and individuals setting up properties for lease purposes need to look for solutions that will help them better manage their properties. Solutions that aim to improve the existing prospects of leasing providers are expected to be beneficial to end users. Market participants have invested to improve the capabilities of the offerings and to help end-users maintain optimal leasing operations. Financial regulations like Sarbanes-Oxley, the International Accounting Standards Board (IASB), and the Financial Accounting Standards Board (FASB) provide that financial dealings are overlooked on a global scale. Leasing companies must comply with these regulations in order to comply with their license agreement and therefore invest actively to protect their operations from compliance risks. This focus also focuses on improving productivity through the use of lease management software. In recent years, the solutions provided by market participants for lease management software have improved significantly, from information storage to full-fledged management software with analytical capabilities. The dashboards provided in Market Quotes help property owners get meaningful insights into their incoming finances and remind them of important payments. Using the software also helps leasing providers maintain optimal cash flow for their properties. The global lease management software market is projected to exceed USD 2.8 billion by 2027.
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“The global lease management software market is expected to experience increased demand due to the increasing focus of leasing companies around the world on property management. Investing in lease compliance according to the revised standards is contributing to the growth of the market. ”
The detailed research study provides a qualitative and quantitative analysis of the global leasing management software market. The geographic analysis performed focuses on each of the major countries in North America, Europe, Asia Pacific, the Middle East, Africa, and Latin America.
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Main findings of the report:
- The cloud-based delivery of lease management software is expected to grow the fastest over the forecast period. The enhanced access and storage capabilities that these solutions provide are the key drivers for the segment’s growth in the near future.
- The real estate sector is observed to lead the market in terms of revenue generated over the forecast period. This is mainly due to the growing global investment in private infrastructure as well as improved regulations for leasing in the real estate sector.
- The Asia-Pacific region is expected to hold a significant market share of the global lease management software market and grow at a CAGR of around 10% over the forecast period. The proliferation of construction companies and leasing organizations coupled with beneficial government initiatives in the region is seen as a major contributor to market growth.
- Major players in the global lease management software market are AMTdirect, AppFolio, Inc., Buildium, CoStar Realty Information Inc., LeaseEagle, Link-Systems International, Inc., ManageCasa, MRI Software LLC, Nomos One Limited, Odessa Technologies, Inc. , PropertyBoss Solutions, RAAMP, LLC, newly leased Software Company Ltd., Rentec Direct, SimplifyEm, Spacebase, View The Space (VTS) and Visual Lease.
- Market participants are increasingly investing in product development in order to increase the range of their leasing management solutions.
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Global Lease Management Software Market
By product type
- Real estate
- retail trade
- Health care
- public sector
- higher education
- Manufacturing and logistics
- North America
- Rest of north america
- The United Kingdom
- Nordic countries
- Benelux Union
- The Netherlands
- Rest of Europe
- Asia Pacific
- New Zealand
- South Korea
- South East Asia
- Rest of Southeast Asia
- Rest of the Asia Pacific
- Middle East and Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East and Africa
- Latin America
- Rest of Latin America
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