Lease management is used to simplify data tracking, and reporting to efficiently manage critical dates, monetary obligations, information regarding real estate, and other leased assets. Lease management system is based on cloud and on-premises deployments and used to administration with missing real time insights into maintenance operations.
Rise in demand for SaaS model for effective lease management is the key driving factor which is expected to boost the global lease management market growth. Furthermore, increase in growth in infrastructure development across the globe will positively contribute the market growth. Also, increase in demand for cloud based software will fuel the market growth over the forecast period. Cloud technology is one of the essential technologies in software industry which affects the way software applications are run and delivered to clients. Increase in use of cloud has enabled software developers to focus more on technology aspect of the lease management software while outsourcing the lease management aspect to cloud service suppliers. Moreover, rise in demand for outsourcing services will drive the global lease management market during this forecast period.
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However, a budget constraint for implementation of technological solutions is the major restraining factor which is expected to hinder the global lease management market growth. Also, lack of technical expertise and skills which is expected to hamper the global lease management market growth during this forecast period.
Also, Lease Management Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market key Players
Various key players are discussed in this report such as IBM, ORACLE, REALPAGE, ACCRUENT, SAP, TRIMBLE, APPFOLIO, ODESSA, and NAKISA
By Deployment Mode
By Enterprise Size
- Large Enterprises
- Small and Medium Size Enterprises
By End User
- Property Managers
- Real Estate
- Government and Public Sector
- Transportation and Logistics
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
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