According to a research report “Lease management market size is expected to grow from USD 4.4 billion in 2020 to USD 5.9 billion by 2025, at a CAGR of 5.9% during the forecast period”. The demand for lease management is driven by the Increasing demand for SaaS model for effective management of lease, Increasing demand for smart building projects to efficiently manage lease, and Emerging technologies, such as IoT, AI, and mobility, for real-time data analysis. Lease Management Market by Component (Solutions and Services), End User (Housing, Corporate, and Property Managers), Deployment Mode, Organization Size, Vertical (Real Estate, Retail and Ecommerce, and BFSI), and Region - Global Forecast to 2025
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The solution segment to hold a larger market
size during the forecast period
The solution segment is
projected to contribute majorly to the lease management market among the types,
while the services segment is projected to witness a higher growth rate during
the forecast period. This growth these segments are supported by the rising
installations of new lease managements that require underlying servers for
enabling proper facility functionality along with growing need for upgrades and
maintenance of existing solutions
SMEs segment to grow with higher market size
during forecast epriod
The Small and Medium size enterprises
(SMEs) segment is expected to grow with higher rate contributing to the market.
This growth of SMEs is supported by the implementation of the lease management
solution, along with services, is expected to result in better risk mitigation,
reduced administrative overhead, reduced cost of compliance, favorable business
outcomes, and improved business efficiency for SMEs.
System integration segment to hold the
largest market share among services during the forecast period
The system integration
services segment growth is mainly attributed to the growing focus of
organizations to achieve optimized workload management with greater agility,
speed, and security without having the need to worry about hassles associated
with training, integration and deployment, and support and maintenance.
By vertical, real estate vertical to register
the largest market size during the forecast period
The real estate vertical
is expected to hold the largest market size in the lease management market.
Number of construction sites are
running so property managers do not just manage one or two properties but a lot
of properties at different locations in or out of the city. Lease maangeemnt
solutions help property managers manage the leasing processes.
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North
America to hold the largest market size during the forecast period
The
North American lease management market is already mature for lease management,
and a significant number of new installations of lease management and upgrade
of the existing data center infrastructure systems have taken place to date.
Currently, the United States (US) holds the highest share in the lease
management market as it is home to large telecom giants, well-established
suppliers, as well as end-user industries that continuously adapt to newer
technologies for improved business productivity and work efficiency.
Market
Players:
Market
players profiled in this report include Accruent (US), IBM (US), Oracle (US),
RealPage (US), SAP (Germany), Trimble (US), AppFolio (US), Odessa (US), CoStar
Group (US), Nakisa (Canada), LeaseAccelerator (US), LeaseQuery (Singapore),
Spacebase (US), RAAMP (US). These players offer various lease management
solutions to cater to the demands and needs of the market. Major growth
strategies adopted by the players include partnerships, acquisitions,
collaborations and agreements, and new product launches/product enhancements.
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