Lease management comprises cloud-based management and software as a service, it deals with lease administration with day-to-day execution of tasks and lease portfolio. It can be used in commercials as well as residential operations in small-medium and large organizations. The software and systems for lease operations manage the reporting, documents, coordination of the tasks involved in the business lease portfolio.This growth is primarily driven by Demand for Proper Lease Management Process to Support Lease Obligations and Rising Remote Work in Different Regions for Centralised Access to the Lease Information.
Globally, a noticeable market trend is evident Integration of Lease Management Tools and Software with various Features for Efficient Service. The Internet Software & Services sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Accruent (United States), ResMan (United States), RealPage (United States), LeaseAccelerator (United States), AppFolio (United States), ZenTreasury (Finland), Microsoft AppSource (United States) and LeaseQuery (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
On 2nd February 2021, LeaseQuery, a leading provider of comprehensive lease accounting software, announced the launch of its LeaseManager solution. LeaseManager, able to house an unlimited number of leases free of charge, is a self-service lease management solution for tenants and lessees.
"The regulatory lease accounting standards ASC 842, GASB 87, and IFRS 16 set forth by the US-based Financial Accounting Standards Board (FASB), Governmental Accounting Standards Board (GASB), and allied International Accounting Standards Board (IASB) drastically changed the way leases are treated in accounting and have large impacts on a company’s balance sheet and financial position."
- Demand for Proper Lease Management Process to Support Lease Obligations
- Rising Remote Work in Different Regions for Centralised Access to the Lease Information
- Integration of Lease Management Tools and Software with various Features for Efficient Service
- Problems with the Regulatory Compliances Involved in Lease Management
Surging Rental Properties Requires Accurate and Effective Lease Management
Risk of Problems Associated with Fraudulent Lease Management Online and Offline Services
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Lease Management Study Sheds Light on
The Lease Management Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Lease Management industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Lease Management industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.
Frequently Asked Questions (FAQ):1. What is the growth rate predicted for the Global Lease Management Market?
The Lease Management market is expected to see a CAGR of % during projected year 2020 to 2026.
2. Who are the top performing companies in Lease Management Market?
Top performing companies in the Global Lease Management market are Accruent (United States), ResMan (United States), RealPage (United States), LeaseAccelerator (United States), AppFolio (United States), ZenTreasury (Finland), Microsoft AppSource (United States) and LeaseQuery (United States), to name a few.
3. Which region dominated the worldwide market for Lease Management in 2020?
North America is dominating the Lease Management Market.