Lease Accounting and Management Software Market, By Type: (Software, Services), By Deployment mode: (Cloud, On-premises), By Enterprise size: (Small and Medium-sized Enterprises (SMEs), Large Enterprises), By End-user (Housing, Corporates, Property Managers), By Vertical (Retail and eCommerce, Government, and Public Sector, BFSI, Education, Real Estate, Transportation and Logistics, Manufacturing, Others), By Region – Global Analysis Forecast Till 2030

The Lease Accounting and Management Software market was valued at $4.9 billion in 2021 and is projected to reach $9.23 billion by 2030, growing at a CAGR of 7.2% from 2022 to 2030.

Lease Accounting and Management Software Market is used to simplify the management of residential or commercial properties by managing and maintaining documents such as financial documents, legal agreements, and leasing data for rental properties or equipment. In addition to centralizing the storage of rental documents, the application helps leasing organizations manage their real estate portfolios and identify high-performing and low-yield properties. It also saves time and works well for storing and retrieving rental property information. Users can also improve operational efficiency by configuring notification settings to receive or send email messages when financial or legal agreements change. These factors are expected to improve leasing management.

Growing demand for effective lease management is driving the market by increasing demand for SaaS lease management solutions. The growing number of smart building projects across the globe is driving the demand for rental management solutions as property managers seek advanced solutions to manage their leases effectively. Additionally, the COVID-19 pandemic has increased the demand for workplace mobility solutions, which is driving the demand for web-based rental management solutions.

Market Dynamics:

Drivers:

Technologies such as the Internet of Things, cutting-edge new sensors, advanced analytics, software as a service (SaaS), and new development environments are currently gaining traction in the market, accelerating enterprise integration and adoption of rental management software by various real estate companies. Users can communicate on social media through the software's integrated solution, which impacts project collaboration and space utilization. In addition, it can store sensor, monitoring, and smartphone data, so it can be used for facility automation and operation guidance.

Restraints:

However, the high cost of deploying these systems and the requirement for ongoing maintenance and improvement present challenges to rental management managers. Software providers are required to update their customer software's related applications due to a series of legal changes affecting lease and contract management. For these regular updates, vendors charge customers a premium.

Key players:

• Accruent LLC

• CoStar Realty Information, Inc.

• Deloitte Touche Tohmatsu Limited

• IBM Corporation

• KPMG International Limited

• LeaseAccelerator, Inc.

• LeaseQuery, LLC

• MRI Software LLC

• Nakisa Inc.

• Nomos Limited

• PowerPlan, Inc.

• RealPage, Inc.

• SMR Group (AMSI)

• Soft4Lessee

• SS&C Technologies, Inc. (Skyline)

• Tango

• Visual Lease, LLC

• Tagetik Software S.r.l.

Market Segmentation:

Lease Accounting and Management Software Market, By Type:

• Software

• Services

  • Consulting

  • System Integration

  • Training, Support, and Maintenance

Lease Accounting and Management Software Market, By Deployment mode:

• Cloud

• On-premises

Lease Accounting and Management Software Market, By Enterprise size:

• Large Enterprises

• Small and Medium-sized Enterprises (SMEs)

Lease Accounting and Management Software Market, By End-user:

• Housing

• Corporates

• Property Managers

Lease Accounting and Management Software Market, By Vertical:

• Retail and eCommerce

• Government and Public Sector

• BFSI

• Education

• Real Estate

• Transportation and Logistics

• Manufacturing

• Others

Lease Accounting and Management Software Market, By region:

• North America

  • US

  • Canada

• Europe

  • UK

  • Germany

  • France

  • Rest of Europe

• APAC

  • India

  • Japan

  • China

  • Rest of APAC

• MEA

  • Saudi Arabia

  • South Africa

  • Rest of MEA

• Latin America

  • Brazil

  • Mexico

  • Rest of Latin America

Regional Analysis:

In 2020, North America had the greatest revenue share at XX%, and it is anticipated that it will continue to lead during the projection period. This might be because leasing management technology was adopted early in the region.

The highest CAGR of XX% is anticipated for Asia Pacific throughout the projection period. The demand for smart buildings in the area is being further boosted by elements including escalating industry and the expansion of smart city initiatives. This is expected to hasten the growth of the industry in this region.

Scope of the Report:

User

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