PUBLISHER: The Business Research Company | PRODUCT CODE: 1425609
PUBLISHER: The Business Research Company | PRODUCT CODE: 1425609
Lease management Global Market Report 2024
Lease management Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on lease management market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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- Measure the impact of high global inflation on market growth.
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Where is the largest and fastest growing market for lease management? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The lease management market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Scope
Markets Covered:
- 1) By Type: Software; Services
- 2) By Deployment mode: Cloud; On-premises
- 3) By Enterprise size: Large Enterprises; Small and Medium-sized Enterprises (SMEs)
- 4) By Vertical: Retail and eCommerce; Government and Public Sector; BFSI; Education; Real Estate; Transportation and Logistics; Manufacturing; Other Verticals
- Companies Mentioned: LeaseAccelerator Inc.; Nakisa Lease Administration; CoStar Realty Information Inc.; AppFolio Inc.; Trimble Inc.
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Executive Summary
Lease management involves the oversight and optimization of a company's portfolio of leased assets. This encompassing practice focuses on efficiently handling a range of leases and sublease agreements. Regular monitoring of lease performance whether on a daily, weekly, or monthly basis-proves beneficial in ensuring effective management.
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.
The lease management market research report is one of a series of new reports from The Business Research Company that 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 size 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 lease management market size 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.
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.
Table of Contents
1. Executive Summary
2. Lease management Market Characteristics
3. Lease management Market Trends And Strategies
4. Lease management Market - Macro Economic Scenario
- 4.1. Impact Of High Inflation On The Market
- 4.2. Ukraine-Russia War Impact On The Market
- 4.3. COVID-19 Impact On The Market
5. Global Lease management Market Size and Growth
- 5.1. Global Lease management Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
- 5.2. Global Lease management Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
- 5.3. Global Lease management Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)
6. Lease management Market Segmentation
- 6.1. Global Lease management Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- Software
- Services
- 6.2. Global Lease management Market, Segmentation By Deployment mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- Cloud
- On-premises
- 6.3. Global Lease management Market, Segmentation By Enterprise size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- Large Enterprises
- Small and Medium-sized Enterprises (SMEs)
- 6.4. Global Lease management Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- Retail and eCommerce
- Government and Public Sector
- BFSI
- Education
- Real Estate
- Transportation and Logistics
- Manufacturing
- Other Verticals
7. Lease management Market Regional And Country Analysis
- 7.1. Global Lease management Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 7.2. Global Lease management Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. Asia-Pacific Lease management Market
- 8.1. Asia-Pacific Lease management Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Lease management Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 8.3. Asia-Pacific Lease management Market, Segmentation By Enterprise size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 8.4. Asia-Pacific Lease management Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. China Lease management Market
- 9.1. China Lease management Market Overview
- 9.2. China Lease management Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
- 9.3. China Lease management Market, Segmentation By Enterprise size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
- 9.4. China Lease management Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10. India Lease management Market
- 10.1. India Lease management Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 10.2. India Lease management Market, Segmentation By Enterprise size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 10.3. India Lease management Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11. Japan Lease management Market
- 11.1. Japan Lease management Market Overview
- 11.2. Japan Lease management Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 11.3. Japan Lease management Market, Segmentation By Enterprise size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 11.4. Japan Lease management Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Australia Lease management Market
- 12.1. Australia Lease management Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 12.2. Australia Lease management Market, Segmentation By Enterprise size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 12.3. Australia Lease management Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Indonesia Lease management Market
- 13.1. Indonesia Lease management Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 13.2. Indonesia Lease management Market, Segmentation By Enterprise size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 13.3. Indonesia Lease management Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. South Korea Lease management Market
- 14.1. South Korea Lease management Market Overview
- 14.2. South Korea Lease management Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 14.3. South Korea Lease management Market, Segmentation By Enterprise size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 14.4. South Korea Lease management Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. Western Europe Lease management Market
- 15.1. Western Europe Lease management Market Overview
- 15.2. Western Europe Lease management Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 15.3. Western Europe Lease management Market, Segmentation By Enterprise size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 15.4. Western Europe Lease management Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. UK Lease management Market
- 16.1. UK Lease management Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 16.2. UK Lease management Market, Segmentation By Enterprise size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 16.3. UK Lease management Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17. Germany Lease management Market
- 17.1. Germany Lease management Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 17.2. Germany Lease management Market, Segmentation By Enterprise size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 17.3. Germany Lease management Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. France Lease management Market
- 18.1. France Lease management Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 18.2. France Lease management Market, Segmentation By Enterprise size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 18.3. France Lease management Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19. Italy Lease management Market
- 19.1. Italy Lease management Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 19.2. Italy Lease management Market, Segmentation By Enterprise size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 19.3. Italy Lease management Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20. Spain Lease management Market
- 20.1. Spain Lease management Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 20.2. Spain Lease management Market, Segmentation By Enterprise size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 20.3. Spain Lease management Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. Eastern Europe Lease management Market
- 21.1. Eastern Europe Lease management Market Overview
- 21.2. Eastern Europe Lease management Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 21.3. Eastern Europe Lease management Market, Segmentation By Enterprise size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 21.4. Eastern Europe Lease management Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22. Russia Lease management Market
- 22.1. Russia Lease management Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 22.2. Russia Lease management Market, Segmentation By Enterprise size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 22.3. Russia Lease management Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. North America Lease management Market
- 23.1. North America Lease management Market Overview
- 23.2. North America Lease management Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 23.3. North America Lease management Market, Segmentation By Enterprise size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 23.4. North America Lease management Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. USA Lease management Market
- 24.1. USA Lease management Market Overview
- 24.2. USA Lease management Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 24.3. USA Lease management Market, Segmentation By Enterprise size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 24.4. USA Lease management Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. Canada Lease management Market
- 25.1. Canada Lease management Market Overview
- 25.2. Canada Lease management Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 25.3. Canada Lease management Market, Segmentation By Enterprise size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 25.4. Canada Lease management Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. South America Lease management Market
- 26.1. South America Lease management Market Overview
- 26.2. South America Lease management Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 26.3. South America Lease management Market, Segmentation By Enterprise size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 26.4. South America Lease management Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. Brazil Lease management Market
- 27.1. Brazil Lease management Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 27.2. Brazil Lease management Market, Segmentation By Enterprise size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 27.3. Brazil Lease management Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Middle East Lease management Market
- 28.1. Middle East Lease management Market Overview
- 28.2. Middle East Lease management Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 28.3. Middle East Lease management Market, Segmentation By Enterprise size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 28.4. Middle East Lease management Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Africa Lease management Market
- 29.1. Africa Lease management Market Overview
- 29.2. Africa Lease management Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 29.3. Africa Lease management Market, Segmentation By Enterprise size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 29.4. Africa Lease management Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. Lease management Market Competitive Landscape And Company Profiles
- 30.1. Lease management Market Competitive Landscape
- 30.2. Lease management Market Company Profiles
- 30.2.1. LeaseAccelerator Inc.
- 30.2.1.1. Overview
- 30.2.1.2. Products and Services
- 30.2.1.3. Strategy
- 30.2.1.4. Financial Performance
- 30.2.2. Nakisa Lease Administration
- 30.2.2.1. Overview
- 30.2.2.2. Products and Services
- 30.2.2.3. Strategy
- 30.2.2.4. Financial Performance
- 30.2.3. CoStar Realty Information Inc.
- 30.2.3.1. Overview
- 30.2.3.2. Products and Services
- 30.2.3.3. Strategy
- 30.2.3.4. Financial Performance
- 30.2.4. AppFolio Inc.
- 30.2.4.1. Overview
- 30.2.4.2. Products and Services
- 30.2.4.3. Strategy
- 30.2.4.4. Financial Performance
- 30.2.5. Trimble Inc.
- 30.2.5.1. Overview
- 30.2.5.2. Products and Services
- 30.2.5.3. Strategy
- 30.2.5.4. Financial Performance
- 30.2.1. LeaseAccelerator Inc.
31. Global Lease management Market Competitive Benchmarking
32. Global Lease management Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Lease management Market
34. Lease management Market Future Outlook and Potential Analysis
- 34.1 Lease management Market In 2028 - Countries Offering Most New Opportunities
- 34.2 Lease management Market In 2028 - Segments Offering Most New Opportunities
- 34.3 Lease management Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies
35. Appendix
- 35.1. Abbreviations
- 35.2. Currencies
- 35.3. Historic And Forecast Inflation Rates
- 35.4. Research Inquiries
- 35.5. The Business Research Company
- 35.6. Copyright And Disclaimer
