Lease management Global Market Report 2024

The global lease management market has grown strongly in recent years. It will grow from $4.19 billion in 2023 to $4.48 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The observed growth in the past period can be credited to several key factors within the business landscapethe heightened complexity of lease agreements, the trend of globalization and expansion, a strong emphasis on cost efficiency measures, the streamlining of operations such as enhance efficiency, and strategic efforts aimed at mitigating risks.

The global lease management market is expected to see strong growth in the next few years. It will grow to $5.92 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. Anticipated growth in the upcoming period is expected to be driven by various factors within the business landscape such as intensified competition among vendors fostering innovation, a heightened focus on sustainability and Environmental, Social, and Governance (ESG) considerations, the adoption of integrated solutions, continuous efforts towards cost optimization, the increasing prevalence of remote work and collaboration practices, and a significant transition towards cloud-based solutions. Key trends projected for this forecasted period encompass the widespread adoption of artificial intelligence (AI) and analytics, a strong emphasis on automation and AI integration, the integration of systems within enterprises, a focus on customization and scalability, and a heightened attention to enhancing user experience.

The rising demand for workplace mobility solutions is anticipated to drive the lease management market forward. Workplace mobility, facilitating remote work from any device, promotes enhanced connectivity within the workforce. To manage leased asset portfolios remotely in response to this trend, lease management solutions, often hosted online and accessible remotely, are increasingly sought after. A World Economic Forum survey in 2021 found that 64% of 12,500 respondents across 29 countries reported increased productivity while working from home, expressing a desire for remote work. Furthermore, a September 2022 report by the United States Census Bureau highlighted that 48.3% of the workforce in the District of Columbia engaged in remote work in 2021, marking one of the highest percentages of home-based workers among states. Thus, the burgeoning demand for workplace mobility fuels the lease management market's growth.

The expanding transportation industry is expected to be a significant driver of growth for the lease management market. This sector, involving the deliberate movement of people, animals, and goods, necessitates sophisticated lease management solutions to efficiently handle vehicle leasing. These solutions ensure compliance, optimize operational efficiency, and support overall business expansion. According to a November 2022 report by the Bureau of Transportation Statistics, transportation services contributed $1.3 trillion to the increased U.S. gross domestic product (GDP) in 2021, representing 5.6% of the total GDP of $23.7 trillion. Therefore, the growing transportation industry is significantly influencing the lease management market's upward trajectory.

Technological advancements are becoming a prominent trend within the lease management market. Leading companies in this sector are introducing novel technologies to sustain their market positions. For instance, in February 2021, Dottid, a US-based software-as-a-service technology platform for commercial real estate, unveiled an industrial property leasing and asset management platform. This innovative workflow management tool facilitates secure and efficient communication among owners, managers, brokers, and tenants, featuring visual tools and streamlined process management to save time and resources.

Key players in the lease management market are innovating to cater to broader customer bases, drive sales, and increase revenue. Lease management software, designed to streamline processes associated with leasing and managing real estate assets, is a key focus. In October 2022, flydocs, in collaboration with Lufthansa Technik, launched Lease Asset Management software. This software stands out for its personalized metrics, ensuring optimized lease management and the timely return of aircraft to lessors. Additionally, it provides tailored measures for efficient phase-out preparation and documentation review, mitigating associated risks.

In January 2021, MRI Software, a leading US-based real estate technology company, acquired AMTdirect (AMT) for an undisclosed sum. This strategic move reinforces MRI's dedication to serving the occupier sector and extends its market presence. AMTdirect (AMT), based in the US, specializes in offering lease accounting, lease administration, and facilities management solutions tailored for corporate occupiers and lessees.

Major companies operating in the lease management market report are LeaseAccelerator Inc., Nakisa Lease Administration, CoStar Realty Information Inc., AppFolio Inc., Trimble Inc., RealPage Inc., Oracle Corporation, SAP SE, International Business Machines Corporation, Nomos Limited, PowerPlan Inc., SMR Group, SOFT4Lessee, SS&C Technologies Inc., Tango Analytics, Visual Lease LLC, Accruent LLC, Odessa Technologies Inc., Spacebase GmbH, LeaseEagle LLC, MRI Software, Qube Global Software, NTrust Infotech Inc., Virtual Premise Inc., Infosite Technologies Inc., SpaceTrak, Yardi Systems, Visual Data Group, Corrigo, iLease Management LLC

North America was the largest region in the lease management market share in 2023. The regions covered in the lease management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the lease management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Lease management primarily comprises two components such as software and services. Software refers to computer programs designed to guide systems in executing specific tasks. Lease management software aids organizations in overseeing their leased asset portfolios. It's available through cloud-based and on-premises deployment models, catering to both large enterprises and small to medium-sized enterprises (SMEs). This software finds application across diverse sectors including retail, e-commerce, government, BFSI (banking, financial services, and insurance), education, real estate, transportation, logistics, manufacturing, and other industries.

This report provides lease management market statistics, including lease management industry global market size, regional shares, competitors with a lease management market share, detailed lease management market segments, market trends and opportunities, and any further data you may need to thrive in the lease management industry. This lease management market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The lease management market includes revenues earned by entities by providing lease management services such as lease essentials, database management, financial management, lease accounting services, retail lease administration, lease audit services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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