Overview and Scope
Lease management refers to tracking and optimizing a company’s leased asset portfolio. It is a broad subject that focuses on streamlining the administration of various leases and sublease agreements. It is also beneficial to track the company’s lease performance daily, weekly, or monthly.
Sizing and Forecast
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 growth in the historic period can be attributed to increased complexity in lease agreements, globalization and expansion, focus on cost efficiency, operational streamlining, risk mitigation..
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%. The growth in the forecast period can be attributed to vendor competition and innovation, sustainability and esg considerations, integrated solutions, cost optimization, remote work and collaboration, transition to cloud-based solutions. Major trends in the forecast period include ai and analytics, focus on automation and ai, integration with enterprise systems, customization and scalability, focus on user experience..
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Segmentation & Regional Insights
The lease management market covered in this report is segmented –
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
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.
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Major Driver Impacting Market Growth
The increased demand for workplace mobility solutions is expected to propel the lease management market forward. Workplace mobility is the ability to work remotely from any device, which makes the workforce more connected. With more companies looking to mobilize their workplaces, there is a need for a solution to manage companies’ portfolios of leased assets remotely. This need can be met by lease management and its multiple software’s, usually hosted online and accessed remotely. For instance, according to a survey by the World Economic Forum, an international non-governmental organization, in 2021, 64% of the 12, 500 respondents from 29 countries were more productive when working from home and were looking to work remotely. Furthermore, in September 2022, according to a report published by the United States Census Bureau, a US-based government agency, nearly half of the workforce in the District of Columbia, accounting for 48.3%, engaged in remote work, marking the highest percentage of home-based workers among states and state equivalents in 2021. Therefore, the increasing demand for workplace mobility drives the lease management market forward.
Key Industry Players
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
The lease management market report table of contents includes:
1. Executive Summary
2. Lease management Market Characteristics
3. Lease management Market Trends And Strategies
4. Lease management Market – Macro Economic Scenario
5. Global Lease management Market Size and Growth
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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
35. Appendix
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