Global Lease Management Software Market Overview:
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. According to AMA, the Global Lease Management Software market is expected to see growth rate of 5.64%
- Growth in Infrastructure Development across the World
- Easy To Use by Property Managers, Maintenance Techs & Service Vendors
- Growing Demand in the Asia-Pacific Region
- Lack of Technological Expertise
- Increasing Use of Cloud-Based Software
- Rising Demand for Outsourcing Lease Management Services
- Repositories of Scanned Agreements
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.
Some of the key players profiled in the report are 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), Lucernex, Inc. (United States), Yardi Voyager (United States) and AppFolio Property Manager (United States). Analyst at AdvanceMarketAnalytics see United States and Asia Pacific Players to retain maximum share of Global Lease Management Software market by 2025. Considering Market by End Users, the sub-segment i.e. Housing Associations will boost the Lease Management Software market. Considering Market by Pricing, the sub-segment i.e. Free/Free Trail will boost the Lease Management Software market. Considering Market by Deployment, the sub-segment i.e. On-Premises will boost the Lease Management Software market. Considering Market by Users, the sub-segment i.e. 1-49 will boost the Lease Management Software market.
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.
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 Management 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 Management 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 Housing Associations, Property Managers, Leasing Agents, Tenant Representatives at Commercial Real Estate Companies, Government and Public Sectors, New Entrants/Investors and Analysts and Strategic Business Planners.
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.