Press release
Evolving Market Trends In The Leasing Automation Software Industry: Innovative Leasing Automation Solutions Revolutionizing Property Management Industry
Leasing Automation Software
What Is the Expected Leasing Automation Software Market Size During the Forecast Period?
The market size for leasing automation software has seen robust growth lately. It is projected to increase from $1.64 billion in 2024 to $1.79 billion in 2025, with a compound annual growth rate (CAGR) of 9.2%. Factors contributing to this growth during the historical period include adherence to compliance requirements, the centralization of data management, better decision-making processes, improved collaboration, and gaining a competitive edge.
The market size for leasing automation software is set to experience substantial expansion in the coming years, escalating to $2.52 billion in 2029 with a compound annual growth rate (CAGR) of 8.9%. Factors contributing to this predicted growth during the forecast period include digital transformation, the shift to remote working and mobility, sustainability and ESG documentation, as well as scalability, flexibility, and the increasing prevalence of artificial intelligence and automation. Upcoming trends for this period foresee the uptake of cloud-based solutions, amplified integration capabilities, enhanced mobile accessibility, AI-facilitated lease negotiation support, and versatility in lease configurations.
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What Are the High-Growth Segments in the Leasing Automation Software Market?
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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What Key Drivers Are Expected to Influence Future Leasing Automation Software Market Growth?
The upward trend in the utilization of cloud-based solutions is set to catalyze the expansion of the leasing automation software market. Cloud-based solutions encompass software or services that are hosted, managed, and accessed remotely over the web instead of being situated on a user's device or in-house servers. The growing mainstream acceptance of cloud-based solutions can be attributed to their potential to offer scalability, cost efficiency, and reliability, thus hastening organizations' digital transformation. Cloud-based solutions amplify leasing automation software's capabilities through scalable infrastructure, remote accessibility, instantaneous data management, process streamlining, and efficiency enhancement. For instance, as reported by the European Union (EU), a governing body based in Belgium, in December 2023, there was a 4.2% rise in the adoption of cloud-based solutions in the EU in 2023, evidencing a noteworthy increase from 2021, with 45.2% of enterprises procuring cloud computing services. Consequently, the growing preference for cloud-based solutions is firmly driving the progression of the leasing automation software market.
Which Companies Hold the Largest Share Across Different Leasing Automation Software Market Segments?
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
What Are the Latest Developing Trends in the Leasing Automation Software Market?
Leading businesses in the leasing automation software market are crafting advanced leasing automation technologies to boost the productivity and performance of property management companies' leasing operations. This is made possible through the use of digital tools and software platforms which simplify leasing workflows. For instance, VERO, an American modern screening and leasing platform, in August 2023, released its initial centralized leasing tool VERO1 designed to optimize and mechanize the process of rental applications for big enterprise owners and operators. VERO1 employs enhanced artificial intelligence and a dedicated team of analysts to generate ready-to-decision applications, aiming to make the management process for enterprise applications tenfold more efficient and free up valuable time and resources for overworked teams. This platform expedites lease choices, boosts occupancy rates, and elevates rent collection percentages by providing validated data and immediately actionable applications to operators. This is transforming the way landlords and operators handle leasing.
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What Are the Emerging Geographies for The Leasing Automation Software Market Growth?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Leasing Automation Software Market?
2. What is the CAGR expected in the Leasing Automation Software Market?
3. What Are the Key Innovations Transforming the Leasing Automation Software Industry?
4. Which Region Is Leading the Leasing Automation Software Market?
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