Market Overview:
The global lease accounting and management software market is expected to grow at a CAGR of 10.8% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for cloud-hosted lease accounting and management software due to its advantages such as scalability, flexibility, and security. In addition, the growing adoption of equipment leases and service contracts is also contributing to the growth of the market. However, lack of awareness about benefits offered by lease accounting and management software is restraining the growth of this market. North America dominates the global lease accounting and management software market followed by Europe, Asia Pacific, Latin America, and Middle East & Africa respectively.
Product Definition:
Lease accounting software is used to manage leases and track payments. It can also be used to calculate depreciation and interest expenses. The software is important because it helps businesses keep track of their lease payments and ensure they are in compliance with regulations.
Cloud Hosted:
Cloud-hosted lease accounting and management software is a service that allows clients to access their lease documents from any location. It also helps them to update the document with the changes made in the original version, thus helping them to reduce manual efforts. The cloud-based system has been designed for large enterprises as well as small & medium businesses (SMBs). Cloud hosted software solutions have been gaining popularity among SMBs due to its cost effectiveness and ease of use offered by it.
On-Premises:
On-premises software is a type of cloud computing software that is installed and used on the end-users' computers. The information that is stored in these types of systems can only be accessed by the authorized users. These types of systems are widely used for accounting, finance, human resource management and other functions in small to medium businesses.
The advantages associated with this type of system are easy installation & setup process, low cost compared to cloud based solutions.
Application Insights:
The global market is segmented by application into residential and commercial real estate leases, equipment leases, employment and service contracts, and others. The commercial segment held the largest share of over 60% in 2017. Leases play a significant role in business operations for several industries including IT/Telecomms, BFSI (banking, financial services), retail etc. As a result of this importance across various industry verticals the demand for lease accounting software has increased significantly over the past few years.
The residential segment is expected to witness substantial growth during forecast period owing to increasing number of first-time home buyers as well as refinance activity among existing homeowners with low credit scores or bad debt from previous mortgages that are now delinquent on their payments due to foreclosure or bankruptcy proceedings initiated against them by lenders such as banks & building societies.
Regional Analysis:
The North American region accounted for the largest market share in 2017. The growth of the region can be attributed to the presence of prominent players such as Microsoft Corporation, Oracle Corporation, and Google Inc. In addition, increasing adoption of cloud-based lease accounting software is further expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to register significant growth over the forecast period owing to increasing government initiatives pertaining to digitization and modernization in real estate sector coupled with growing awareness regarding financial management among users. Furthermore, rapid urbanization across emerging economies such as China and India has resulted in increased demand for commercial space thereby driving industry expansion opportunities for vendors operating within Asia Pacific region.
Growth Factors:
- Increasing demand for leased vehicles by businesses and consumers
- Rapid growth of the sharing economy, which is increasing demand for leased vehicles
- The rise of electric and autonomous vehicles, which are expected to increase the number of leased vehicles in the future
- The need for more efficient lease management and accounting due to growing complexity of leases
- The increasing use of leasing as a financing option
Scope Of The Report
Report Attributes
Report Details
Report Title
Lease Accounting and Management Software Market Research Report
By Type
Cloud Hosted, On-Premises
By Application
Residential and Commercial Real Estate Leases, Equipment Leases, Employment and Service Contracts
By Companies
CoStar, Nakisa, MRI Software, LeaseAccelerator, Visual Lease, LeaseQuery, Deloitte, IBM, Accruent, ProLease, Tango, PowerPlan, KPMG, Nomos One, Soft4Lessee, AMSI, SKYLINE, OnCite, CCH Tagetik, RAM, EZLease, LeaseWave, TURBO-Lease, iLeasePro, UGAAP, AMTdirect
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Lease Accounting and Management Software Market Report Segments:
The global Lease Accounting and Management Software market is segmented on the basis of:
Types
Cloud Hosted, On-Premises
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential and Commercial Real Estate Leases, Equipment Leases, Employment and Service Contracts
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- CoStar
- Nakisa
- MRI Software
- LeaseAccelerator
- Visual Lease
- LeaseQuery
- Deloitte
- IBM
- Accruent
- ProLease
- Tango
- PowerPlan
- KPMG
- Nomos One
- Soft4Lessee
- AMSI
- SKYLINE
- OnCite
- CCH Tagetik
- RAM
- EZLease
- LeaseWave
- TURBO-Lease
- iLeasePro
- UGAAP
- AMTdirect
Highlights of The Lease Accounting and Management Software Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cloud Hosted
- On-Premises
- By Application:
- Residential and Commercial Real Estate Leases
- Equipment Leases
- Employment and Service Contracts
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Lease Accounting and Management Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Lease accounting and management software is a computer program that helps businesses manage their leases. It can help track the progress of lease agreements, identify any potential problems early on, and make decisions about whether to renew or terminate leases.
Some of the key players operating in the lease accounting and management software market are CoStar, Nakisa, MRI Software, LeaseAccelerator, Visual Lease, LeaseQuery, Deloitte, IBM, Accruent, ProLease, Tango, PowerPlan, KPMG, Nomos One, Soft4Lessee, AMSI, SKYLINE, OnCite, CCH Tagetik, RAM, EZLease, LeaseWave, TURBO-Lease, iLeasePro, UGAAP, AMTdirect.
The lease accounting and management software market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Lease Accounting and Management Software Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Lease Accounting and Management Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Lease Accounting and Management Software Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Lease Accounting and Management Software Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Lease Accounting and Management Software Market Size & Forecast, 2018-2028
4.5.1 Lease Accounting and Management Software Market Size and Y-o-Y Growth
4.5.2 Lease Accounting and Management Software Market Absolute $ Opportunity
Chapter 5 Global Lease Accounting and Management Software Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Lease Accounting and Management Software Market Size Forecast by Type
5.2.1 Cloud Hosted
5.2.2 On-Premises
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Lease Accounting and Management Software Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Lease Accounting and Management Software Market Size Forecast by Applications
6.2.1 Residential and Commercial Real Estate Leases
6.2.2 Equipment Leases
6.2.3 Employment and Service Contracts
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Lease Accounting and Management Software Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Lease Accounting and Management Software Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Lease Accounting and Management Software Analysis and Forecast
9.1 Introduction
9.2 North America Lease Accounting and Management Software Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Lease Accounting and Management Software Market Size Forecast by Type
9.6.1 Cloud Hosted
9.6.2 On-Premises
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Lease Accounting and Management Software Market Size Forecast by Applications
9.10.1 Residential and Commercial Real Estate Leases
9.10.2 Equipment Leases
9.10.3 Employment and Service Contracts
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Lease Accounting and Management Software Analysis and Forecast
10.1 Introduction
10.2 Europe Lease Accounting and Management Software Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Lease Accounting and Management Software Market Size Forecast by Type
10.6.1 Cloud Hosted
10.6.2 On-Premises
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Lease Accounting and Management Software Market Size Forecast by Applications
10.10.1 Residential and Commercial Real Estate Leases
10.10.2 Equipment Leases
10.10.3 Employment and Service Contracts
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Lease Accounting and Management Software Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Lease Accounting and Management Software Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Lease Accounting and Management Software Market Size Forecast by Type
11.6.1 Cloud Hosted
11.6.2 On-Premises
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Lease Accounting and Management Software Market Size Forecast by Applications
11.10.1 Residential and Commercial Real Estate Leases
11.10.2 Equipment Leases
11.10.3 Employment and Service Contracts
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Lease Accounting and Management Software Analysis and Forecast
12.1 Introduction
12.2 Latin America Lease Accounting and Management Software Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Lease Accounting and Management Software Market Size Forecast by Type
12.6.1 Cloud Hosted
12.6.2 On-Premises
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Lease Accounting and Management Software Market Size Forecast by Applications
12.10.1 Residential and Commercial Real Estate Leases
12.10.2 Equipment Leases
12.10.3 Employment and Service Contracts
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Lease Accounting and Management Software Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Lease Accounting and Management Software Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Lease Accounting and Management Software Market Size Forecast by Type
13.6.1 Cloud Hosted
13.6.2 On-Premises
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Lease Accounting and Management Software Market Size Forecast by Applications
13.10.1 Residential and Commercial Real Estate Leases
13.10.2 Equipment Leases
13.10.3 Employment and Service Contracts
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Lease Accounting and Management Software Market: Competitive Dashboard
14.2 Global Lease Accounting and Management Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 CoStar
14.3.2 Nakisa
14.3.3 MRI Software
14.3.4 LeaseAccelerator
14.3.5 Visual Lease
14.3.6 LeaseQuery
14.3.7 Deloitte
14.3.8 IBM
14.3.9 Accruent
14.3.10 ProLease
14.3.11 Tango
14.3.12 PowerPlan
14.3.13 KPMG
14.3.14 Nomos One
14.3.15 Soft4Lessee
14.3.16 AMSI
14.3.17 SKYLINE
14.3.18 OnCite
14.3.19 CCH Tagetik
14.3.20 RAM
14.3.21 EZLease
14.3.22 LeaseWave
14.3.23 TURBO-Lease
14.3.24 iLeasePro
14.3.25 UGAAP
14.3.26 AMTdirect
