Lease Management Market Is Expected To See Growth Rate Of 5.9% To 2028Posted by rahul nikade on October 13th, 2022 Lease Management Industry Overview The global lease management market size was valued at USD 4.01 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 5.9% from 2021 to 2028. The rising need for effective lease management is fueling the demand for SaaS lease management solutions, thereby driving the market. The growth in the number of smart building projects across the globe is also resulting in an increased demand for lease management solutions as property managers seek advanced solutions to effectively manage leases. Moreover, the COVID-19 pandemic is resulting in an increased demand for workplace mobility solutions, thus driving the demand for web-based lease management solutions. Gather more insights about the market drivers, restrains and growth of the Global Lease Management Market However, budget limitations hinder the adoption of advanced solutions in most small and medium enterprises, which could negatively impact the market growth. Furthermore, the increased need for real-time data analysis by leveraging evolving technologies, like artificial intelligence, the internet of things (IoT), and the cloud, is anticipated to create numerous growth opportunities for market players. Also known as lease administration, a lease management solution closely works with lease accounting and compliance processes. Integrated with automation capabilities, lease management helps organizations manage their lease documents, store and track lease information, and generate reports. The ongoing COVID-19 pandemic has significantly affected the global economy, leading to a recession-like situation across the globe. However, the strategic unlocks and ongoing vaccination campaigns are allowing economies to steadily recover, which, in turn, could result in the increased leasing and investments in leasing management solutions. Browse through Grand View Research's Next Generation Technologies Industry Research Reports
Lease Management Market Segmentation Grand View Research has segmented the global lease management market on the basis of platform, deployment, application, organization size, and region: Lease Management Platform Outlook (Revenue, USD Million, 2016 - 2028)
Lease Management Deployment Outlook (Revenue, USD Million, 2016 - 2028)
Lease Management Application Outlook (Revenue, USD Million, 2016 - 2028)
Lease Management Organization Size Outlook (Revenue, USD Million, 2016 - 2028)
Lease Management Regional Outlook (Revenue, USD Million, 2016 - 2028)
Market Share Insights
Key Companies profiled: Some prominent players in the global lease management market include:
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