Global Lease Administration Software Market Overview:
Lease administration software helps commercial real estate professionals prepare, analyze, and distribute leases and relevant documentation. The software delivers a centralized database that stores the information related to deal and built-in financial analysis tools. This tool is commonly used by leasing agents ad tenant representatives at various companies. The lease administration software enables the user to mage lease payments, prepare abstracts, analyze lease level financial information, etc. It also enables the user to set reminders for important tasks and events like lease expiration.
- Need for Managing a Large Number of Leasing Data
- The Increasing Leasing Activities in Various Industries
- The Introduction of Reminders and Alarms for Proper lease Management for Proper and Timely Payments
- Data Safety Related Risks Involved with Lease Administration Software
- Surging Demand for Lease Administration Software form Real Estate Industry
- Stringent Regulatory Standards on Lease Administration
Some of the key players profiled in the report are IBM TRIRIGA (United States), AppFolio, Inc. (United States), Yardi Voyager (United States), Property Matrix (United States), ProLease (MRI Software) (United States), LeaseQuery, LLC (United States), Nakisa Inc (Canada), CoStar Realty Information, Inc. (United States), LeaseAccelerator Inc (United States), Visual Lease (United States), Brokermint (United States) and Lease Harbor LLC. (United States). Considering Market by Lease, the sub-segment i.e. Commercial Lease will boost the Lease Administration Software market. Considering Market by Industry Verticals, the sub-segment i.e. Healthcare will boost the Lease Administration Software market. Considering Market by Deployment, the sub-segment i.e. Cloud-based will boost the Lease Administration Software market. Considering Market by Features, the sub-segment i.e. Leasing Database will boost the Lease Administration Software market.
On 8th July 2019, Nakisa Inc. announced the release of the Nakisa Lease Administration helping global organizations comply with new lease accounting standards by automating, centralizing and simplifying lease operation. The latest release offers key additions to the accounting and administration functionality, a brand-new reporting engine, a new API platform and suite of APIs, and enhancements to Nakisa’s cloud technology.
On 2nd October 2019, LeaseAccelerator Inc, announced the partnership with Qiado GmbH to help customers automate their IFRS 16 compliance programs throughout EMEA. This new partnership underpins the ability of LeaseAccelerator to deploy major European projects, whilst being able to uniquely offer the choice of either in-house SaaS (Software as a Service) solutions, or offsite fully managed solutions, known as Lease Accounting as a Service via Qiado.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Lease Administration Software market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Lease Administration Software market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Lease Administration Software Developer, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.