Leading Element Driving Change in the Leasing Automation Software Market in 2025: Increasing Adoption Of Cloud-Based Solutions Fuels The Leasing Automation Software Market Driver

"What combination of drivers is leading to accelerated growth in the leasing automation software market?
The growth of the leasing automation software market is expected to be driven by the rising uptake of cloud-based solutions. These solutions are software or services hosted and managed remotely via the internet, rather than locally on a user's device or in-house servers. Cloud-based solutions are rising in popularity due to their scalability, cost-effectiveness, and reliability, which bolsters companies' digital transformation. Such solutions improve leasing automation software as they provide a scalable infrastructure, remote access, real-time data management, streamlined processes, and enhance efficiency. For instance, in December 2023, the European Union (EU), a Belgium-based governing entity, noted a 4.2% increase in the adoption of cloud-based solutions in 2023, with 45.2% of businesses acquiring cloud computing services, marking a significant boost compared to 2021. Consequently, the surging uptake of cloud-based solutions is steering the expansion of the leasing automation software market.

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What is the projected compound annual growth rate (CAGR) of the leasing automation software market from 2025 to 2034, and what factors influence it?
The market size for leasing automation software has seen robust growth in the past few years. It is projected to see a hike from $1.64 billion in 2024 to $1.79 billion in 2025, presenting a Compound Annual Growth Rate (CAGR) of 9.2%. Factors contributing to this surge during the historic phase include adherence to compliance protocols, centralized data administration, improved judgment, increased cooperation, and competitive upper hand.

The market size of leasing automation software is anticipated to witness substantial expansion in the coming years, rising to $2.52 billion in 2029 with a compound annual growth rate (CAGR) of 8.9%. Factors contributing to the growth throughout the forecast period include the digital transformation, the surge in remote work and mobility, an emphasis on sustainability and ESG reporting, and the adaptability and scalability provided by the technology, alongside the advancements in artificial intelligence and automation. Key trends that will shape the forecast period are the swing towards cloud-based solutions, improved integration capabilities, enhanced mobile accessibility, the use of AI for aiding lease negotiations, and lease structures offering more flexibility.

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How are the latest trends influencing the growth of the leasing automation software market?
Key players in the leasing automation software market are innovating their offerings to enhance the functionality and efficiency of the leasing procedures employed by property management firms. Leasing operations are streamlined via digital solutions and software systems. For instance, VERO, an American modern screening and leasing solution, introduced VERO1 in August 2023. This first-of-its-kind centralized leasing instrument is designed to automate and simplify the rental application process for enterprise owners and operators. VERO1, facilitated by augmented artificial intelligence and a dedicated team of analysts, provides applications that are ready for decision-making, aiming to make the enterprise application management process ten times more efficient and enabling overworked teams to recover valuable time and energy. By providing validated data and ready-to-use applications to operators, this platform expedites leasing decisions, enhances occupancy rates, and optimizes rent collection rates, thereby transforming the leasing procedure for property managers and operators.

What are the major segments of the leasing automation software market and their role in driving growth?
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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Which regions are key players in the growth of the leasing automation software market?
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.

Who are the key firms paving the way for growth in the leasing automation software market?
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

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What Is Covered In The Leasing Automation Software Global Market Report?

•Market Size Forecast: Examine the leasing automation software market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the leasing automation software market for a structured understanding.
•Key Players Overview: Analyze major players in the leasing automation software market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the leasing automation software market.
•Segment Contributions: Evaluate how different segments drive overall growth in the leasing automation software market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the leasing automation software market.
•Industry Challenges: Identify potential risks and obstacles affecting the leasing automation software market.
•Competitive Landscape: Review strategic developments in the leasing automation software market, including expansions, agreements, and new product launches.

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