Market Overview:
The global rental software market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for cloud-based rental software and the growing trend of renting equipment and machinery. The global rental software market is segmented on the basis of type, application, and region. On the basis of type, it is divided into cloud-based and on-premises software. Cloud-based rental software are gaining popularity due to their ease of use and low cost as compared to on-premises software. They are also easy to deploy and manage, which makes them a preferred choice for small businesses as well as large enterprises. On the basis of application, it is classified into small business, midsize enterprise, large enterprise, and other applications such as construction & infrastructure rentals etc.).
Product Definition:
Rental Software is a type of software that helps businesses manage their rental operations. It can help track inventory, schedule reservations, and process payments. Rental Software can be especially helpful for businesses that rent equipment or vehicles.
Cloud-based:
Cloud-based software is a rental software that provides the user with an option to choose from a large number of digital devices, such as tablets, smartphones and computers. The cloud-based rental software is used for managing the device inventory in real time. It also helps in providing information about the working and functioning of each device including its memory capacity, storage capacity and other features which are helpful for corporate clients while purchasing new devices.
On-premises:
On-premises is a term used for software or application installed and operated from the original source media. In case of cloud-based solutions, the data or applications are stored on remote servers rather than on the user's computer. The advantage of this method is that there is no need to depend upon third-party networks in case of downtime; however, due to high cost involved in setting up an on-premises server, many small businesses prefer cloud hosting over it.
Application Insights:
The other application segment includes the rental of construction and agricultural equipment, which accounted for a market share of 15.6% in 2017. The growth can be attributed to the increasing demand for such products from end-users across various industries. Furthermore, companies are launching new products to cater to this demand as well as expand their product portfolio in line with industry requirements. For instance, last month Intuit launched QuickBooks Rental Proposal software that helps small businesses manage rental contracts and inventory effectively along with its QuickBooks Self-Employed and ProAdvisor editions that offer similar functionality at an enterprise level.
Rental software is being adopted by large enterprises owing to several benefits it offers including time & cost management; asset optimization; risk & compliance management; customer experience improvement; employee engagement through payroll integration etcetera ¢â‚¬Å“To get more information about renting software solutions contact us or read our whitepaper (PDF).
Regional Analysis:
The Asia Pacific regional market is anticipated to witness significant growth over the forecast period owing to the increasing number of small and midsized businesses in countries such as China, India, and Japan. The growing trend of outsourcing business processes and functions through third-party service providers is also expected to drive demand for rental software in this region. Furthermore, an increase in government initiatives aimed at streamlining business processes is further expected to fuel demand for rental software solutions across the APAC region during the forecast period. For instance, according to a white paper published by Infosys Ltd., titled “India's Digital Economy: A Roadmapâ€; Government of India has planned implementation of 100 smart cities project across India with assistance from private investors on a SoftBank Group Corp.-led investment platform worth USD X billion by 2020.
Growth Factors:
- Increasing demand for rental software from small and medium-sized businesses (SMBs)
- Proliferation of cloud-based rental software solutions
- Emergence of new business models such as shared economy
- Growing popularity of mobile apps for renting equipment and services
- Rising adoption of RFID technology in the rental industry
Scope Of The Report
Report Attributes
Report Details
Report Title
Rental Software Market Research Report
By Type
Cloud-based, On-premises
By Application
Small Business, Midsize Enterprise, Large Enterprise, Other
By Companies
EZRentOut, Navigator Systems, Sales Igniter, MapYourTag, Windward Software, Rentman, Snappii Apps, Universal Accounting Software, Corrigo, Bike Rental Manager
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
197
Number of Tables & Figures
138
Customization Available
Yes, the report can be customized as per your need.
Global Rental Software Market Report Segments:
The global Rental Software market is segmented on the basis of:
Types
Cloud-based, 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
Small Business, Midsize Enterprise, Large Enterprise, Other
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:
- EZRentOut
- Navigator Systems
- Sales Igniter
- MapYourTag
- Windward Software
- Rentman
- Snappii Apps
- Universal Accounting Software
- Corrigo
- Bike Rental Manager
Highlights of The Rental 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-based
- On-premises
- By Application:
- Small Business
- Midsize Enterprise
- Large Enterprise
- Other
- 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 Rental 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:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Rental software is a type of software that helps businesses manage their rental properties. It can include features such as property management, accounting, and marketing.
Some of the key players operating in the rental software market are EZRentOut, Navigator Systems, Sales Igniter, MapYourTag, Windward Software, Rentman, Snappii Apps, Universal Accounting Software, Corrigo, Bike Rental Manager.
The rental 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 Rental 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 Rental Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Rental 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 Rental 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 Rental Software Market Size & Forecast, 2020-2028
4.5.1 Rental Software Market Size and Y-o-Y Growth
4.5.2 Rental Software Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Cloud-based
5.2.2 On-premises
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Small Business
6.2.2 Midsize Enterprise
6.2.3 Large Enterprise
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Rental 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 Rental 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Cloud-based
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 Market Size Forecast by Applications
9.10.1 Small Business
9.10.2 Midsize Enterprise
9.10.3 Large Enterprise
9.10.4 Other
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Cloud-based
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 Market Size Forecast by Applications
10.10.1 Small Business
10.10.2 Midsize Enterprise
10.10.3 Large Enterprise
10.10.4 Other
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Cloud-based
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 Market Size Forecast by Applications
11.10.1 Small Business
11.10.2 Midsize Enterprise
11.10.3 Large Enterprise
11.10.4 Other
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Cloud-based
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 Market Size Forecast by Applications
12.10.1 Small Business
12.10.2 Midsize Enterprise
12.10.3 Large Enterprise
12.10.4 Other
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Cloud-based
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) Market Size Forecast by Applications
13.10.1 Small Business
13.10.2 Midsize Enterprise
13.10.3 Large Enterprise
13.10.4 Other
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 Rental Software Market: Competitive Dashboard
14.2 Global Rental Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 EZRentOut
14.3.2 Navigator Systems
14.3.3 Sales Igniter
14.3.4 MapYourTag
14.3.5 Windward Software
14.3.6 Rentman
14.3.7 Snappii Apps
14.3.8 Universal Accounting Software
14.3.9 Corrigo
14.3.10 Bike Rental Manager
