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Lease management Market Opportunities, Strategies, Size, Share, and Analysis 2024-2033
Lease management Market
As per the report, 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 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%.
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The Surge In Workplace Mobility Fuels Growth In The Lease Management Market
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.
Advanced Technological Trends In Lease Management Market
Technological advancements are a key trend gaining popularity in the lease management market. Major companies operating in lease management are introducing new technologies to sustain their position in the market. For instance, in February 2021, Dottid, a US-based software-as-a-service technology platform for the commercial real estate industry, launched industrial property leasing and asset management platform. It is an innovative workflow management tool that was developed to connect owners, managers, brokers, and tenants for secure and effective communication. The solution includes visual tools, access, and process management to help all parties involved in a transaction save time and money.
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
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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
Contents of the report:
1. Executive Summary
2. Lease management Market Report Structure
3. Lease management Market Trends And Strategies
4. Lease management Market - Macro Economic Scenario
5. Lease management Market Size And Growth
…..
27. Lease management Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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