Lease Management Software Market Scope
Lease Management Software is used to simplify data tracking and reporting to efficiently manage critical dates, monetary obligations, and other information for real estate and other leased assets. This software can be based on cloud or on-premises deployments and are used to administration with the missing real-time insight into maintenance operation. Furthermore, lease management software delivers visibility in order to maximize location performance through business analytics.
The market study is being classified by Type (On-Premise and Cloud-Based), by Application (Corporate, Healthcare, Higher Education, Public Sector, Retail and Telecommunications) and major geographies with country level break-up.
In the Lease Management Market, it has been observed that most of the companies are using lease services for property management. They rely on strategies such as partnership, mergers & acquisitions, geographical expansion, technological innovation and sourcing strategies to enhance their market share. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Lease Management Software market throughout the predicted period.
Accruent (United States), CoStar Group (United States), LeaseEagle (Australia), TMA Systems (United States), AMTdirect (United States), Odessa Technologies (India), Nomos one (New Zealand), IBM Corporation (United States), FM Systems (United States) and Lucernex, Inc. (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Yardi Voyager (United States) and AppFolio Property Manager (United States).
AdvanceMarketAnalytics has segmented the market of Global Lease Management Software market by Type, Application and Region.
On the basis of application, On-Premise segment is dominating the market and held 55.17% of market share in the year 2018 where as Cloud-Based segment stood as second largest market.
On the basis of geography, the market of Lease Management Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2018. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Leaders and their expansionary development strategies
In 2018, AMTdirect, a leading provider of lease administration and lease accounting solutions acquired NETfacilities, Inc., a leading provider of facilities management software. This acquisition will provide AMTdirect’s customers with the end-to-end capability of both contract and operational management of their property and equipment.
In 2018, Accruent was selected by JetBlue Airways to manage their lease processes and ensure FASB and IASB compliance. This contract allows Accruent’s lease administration and accounting software solution to manage and monitor the highly sophisticated lease agreements of JetBlue Airways with airport terminals from which they lease space and equipment.
- Growing Demand in the Asia-Pacific Region
- Growth in Infrastructure Development across the World
- Easy To Use by Property Managers, Maintenance Techs & Service Vendors
- Increasing Use of Cloud-Based Software
- Rising Demand for Outsourcing Lease Management Services
- Lack of Technological Expertise
Key Target AudienceHousing Associations, Property Managers, Leasing Agents, Tenant representatives at Commercial Real Estate Companies, Government and Public Sectors and Investors
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