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Future of the Leasing Automation Software Market: Strategic Analysis and Forecast to 2034
Leasing Automation Software
Leasing Automation Software Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size of leasing automation software has witnessed a robust growth in the past few years. The growth is set to continue from $1.64 billion in 2024, escalating to $1.79 billion in 2025, showcasing a compound annual growth rate (CAGR) of 9.2%. This growth in the historical period can be traced back to compliance requirements, centralized data management, better decision-making processes, increased collaboration, and gaining a competitive edge over peers.
Leasing Automation Software Market Size Forecast: What's the Projected Valuation by 2029?
In the years to come, it is anticipated that the leasing automation software market will experience robust growth, expanding to a valuation of $2.52 billion by 2029, with a compound annual growth rate (CAGR) of 8.9%. This growth during the forecast period can be ascribed to factors such as digital transformation, the embrace of remote work and mobility, the focus on sustainability and ESG reporting, the demand for scalability and flexibility, and the rise of artificial intelligence and automation. Foreseen trends for the given period involve an increase in uptake of cloud-based solutions, enhanced ability for integration, mobile access features, AI-enabled lease negotiation aid, and adaptable lease structures.
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What Are the Drivers Transforming the Leasing Automation Software Market?
The uptake of cloud-based solutions is set to fuel the expansion of the leasing automation software market moving forward. These solutions encompass software or services that are hosted, operated, and accessed remotely over the internet, rather than locally on a user's device or on-site servers. Their adoption is growing due to their potential to offer scalability, cost savings, and reliability, facilitating organizations to expedite digital transformation. Cloud-based solutions improve leasing automation software by offering scalable infrastructure, remote access, real-time data management, process optimization, and efficiency augmentation. For example, in December 2023, the European Union, a governing body based in Belgium, reported a hike of 4.2% in the uptake of cloud-based solutions within the bloc, with 45.2% of businesses purchasing cloud computing services - this is a considerable growth compared to that in 2021. Hence, the escalating adoption of cloud-based solutions is propelling the advancement of the leasing automation software market.
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What Long-Term Trends Will Define the Future of the Leasing Automation Software Market?
Key players in the leasing automation software market are creating ground-breaking leasing automation solutions to improve property management firms' leasing strategies' effectiveness and efficiency. They are refining these processes using digital tools and software systems. For example, VERO, a contemporary screening and leasing platform based in America, introduced VERO1 in August 2023. This pioneering centralized leasing tool was designed to automate and streamline the enterprise owners and operators' rental application process. With the assistance of advanced artificial intelligence and a dedicated group of experts, VERO1 provides ready-for-decision applications to make the enterprise application management process ten times more productive. This, in turn, gives valuable time back to overworked teams. Moreover, by providing operators with solid data and applications ready for decision-making, this platform accelerates leasing decisions, raises occupancy rates, and betters rent collection percentages, thus entirely transforming the leasing process for property managers and operators.
Which Segments in the Leasing Automation Software Market Offer the Most Profit Potential?
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 Firms Dominate the Leasing Automation Software Market by Market Share and Revenue in 2025?
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 Regions Offer the Highest Growth Potential in 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.
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