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Key Influencer in the Leasing Automation Software Market 2025: Increasing Adoption Of Cloud-Based Solutions Fuels The Leasing Automation Software Market Driver
Leasing Automation Software Market Report
The leasing automation software market will grow from $1.64 billion in 2024 to $1.79 billion in 2025, at a CAGR of 9.2%. This growth is driven by compliance requirements, centralized data management, improved decision-making, enhanced collaboration, and competitive advantage for businesses.
The leasing automation software market is projected to grow to $2.52 billion by 2029, driven by digital transformation, remote work, and AI automation. Key trends include the adoption of cloud solutions, mobile accessibility, and AI-driven lease negotiations.
What Factors Are Propelling the Expansion of the Leasing Automation Software Market?
The growing adoption of cloud-based solutions is expected to drive the leasing automation software market. Cloud-based solutions provide scalability, cost efficiency, and remote access, making them ideal for organizations seeking digital transformation. As more enterprises adopt cloud solutions, the leasing automation software market will continue to grow. For instance, in December 2023, the European Union reported a 4.2% increase in cloud service adoption across enterprises in the region, further supporting the growth of the leasing automation software market.
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Which Businesses Are at the Forefront of Leasing Automation Software Market Development?
Major companies operating in the leasing automation software market are International Business Machines Corporation, Oracle Corporation, SAP SE, Trimble Inc., RealPage Inc., LeasePlan Corporation N.V., Yardi Systems Inc., AppFolio Inc., CoStar Group Inc., MRI Software LLC, LeasePilot Inc., Accruent LLC, Cassiopae S.A.S., LeaseQuery LLC, Visual Lease Services Inc., LeaseAccelerator Inc., Re-Leased Limited, Automatic Labs Inc., Milestone Aviation Group Limited, Nomos One Limited, DealSumm Limited, FMIS Software
Which Key Developments Are Influencing the Leasing Automation Software Market?
Major players in the leasing automation software market are creating innovative leasing automation solutions to optimize property management companies' leasing processes. These solutions digitize and streamline leasing through software platforms and tools. For example, in August 2023, VERO, a US-based modern screening and leasing platform, unveiled VERO1, the first centralized leasing tool designed to simplify and automate the rental application process for enterprise owners and operators. VERO1 leverages augmented artificial intelligence and a dedicated team of analysts to deliver decision-ready applications, significantly improving the efficiency of enterprise application management. By expediting lease approvals, enhancing occupancy rates, and improving rent collection, VERO1 provides operators with validated data and ready-to-decision applications, transforming the leasing process for property managers and operators.
How Is the Leasing Automation Software Market Segmented?
The leasing automation software market covered in this report is segmented -
1) By Platform: Software, Services
2) By Deployment Type: Cloud-Based, Web Based
3) By Application: Large Enterprises, Small And Medium Enterprises (SMEs)
Subsegments:
1) By Software: Lease Management Software, Lease Accounting Software, Document Automation Software, Workflow Automation Software
2) By Services: Consulting Services, Implementation Services, Training And Support Services, Managed Services
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Where Is the Leasing Automation Software Market Growth Most Prominent?
North America was the largest region in the leasing automation software market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the leasing automation software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Leasing Automation Software Global Market Report?
- Market Size Analysis: Analyze the Leasing Automation Software Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Leasing Automation Software Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Leasing Automation Software Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Leasing Automation Software Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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