DUBLIN–(BUSINESS WIRE)–The “Global Equipment Leasing Software Market (2020-2025) by Equipment Type, Product Type, End-User, Sales Channel, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis” report has been added to ResearchAndMarkets.com’s offering.
The Global Equipment Leasing Software Market is estimated to be $614.25 million in 2020 and is expected to reach $1.2 billion by 2025, growing at a CAGR of 15.87%.
Key factors such as growing demand for different lease products and a constant need for tracking equipment leasing operations such as disbursement schedules, vetting checks, etc are boosting market demand for the equipment leasing software market. Similarly, changes in accounting practices with the use of GAAP and BASEL norms along with the increasing adherence to compliance checks have further supported the market growth.
However, factors such as the high cost of the software along with the lower likelihood of small-scale companies utilizing this software have been a restraint to the market growth.
Market Segmentation
The Global Equipment Leasing Software Market is segmented further based on Equipment Type, Product Type, End-User, Sales Channel, and Geography.
By Equipment Type, the market is classified as Agriculture, Construction, Manufacturing & Warehouse Tools, Medical & Biotechnology, Office Furniture, IT Hardware & Software, and Transportation. Amongst all, the transportation segment holds the market share.
By Product Type, the market is classified as On-Cloud and On-Premise. Amongst all, the on-cloud segment holds the highest market share.
By Application/End User, the market is classified as Large Enterprises and SMEs. Amongst all, the large enterprise holds the highest market share.
By Sales Channel, the market is classified as Manufacturer/Distributor/Service Provider and Aftermarket. Amongst all, the Manufacturer/Distributor/Service Provider segment is estimated to hold the highest market share.
By Geography, APAC is projected to lead the market.
Recent Developments
1. Schneider Electric has selected Accruent’s Lucernex Lease Administration and Accounting solution to manage its real estate and equipment leases and assure compliance with IFRS 16 lease accounting provisions. 29th October 2019
2. Nakisa has acquired IMNAT cloud-based Software solution. Through this acquisition, Nakisa wants to expand the company’s existing lease accounting product line.- 24th November 2020
Competitive Quadrant
The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Why buy this report?
The report offers a comprehensive evaluation of the Global Equipment Leasing Software Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies. The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry. The report includes in-depth market analysis using Porter’s 5 force model and the Ansoff Matrix. The impact of Covid-19 on the market is also featured in the report. The report also contains the competitive analysis using the Competitive Quadrant, the analyst’s proprietary competitive positioning tool. Report Highlights:
A complete analysis of the market, including parent industry Important market dynamics and trends Market segmentation Historical, current, and projected size of the market based on value and volume Market shares and strategies of key players Recommendations to companies for strengthening their foothold in the market Market Dynamics
Drivers
Growing demand for different lease products Constant need for tracking equipment leasing operations Growing changes in accounting practices and compliance adherence Restraints
High cost of the software Companies operating with fewer processes and tight budgets Opportunities
Use of Big Data applications in equipment leasing Integration with CMMS and enterprise asset management software Challenges
Complex leasing structures Companies Mentioned
LeaseWave Cassiopae (Sopra Steria) Constellations Asset Panda Visual Lease IMNAT Software (Nakisa, Inc) VTS Soft4Leasing Accruent (Fortive) Nomos One Dominion Leasing Software (Banyan Software, Inc.) NETSOL Technologies WHITE CLARKE GROUP LIMITED Odessa Technologies Inc. Q2 Software, Inc. Sopra Steria Group SA International Decision Systems Group (Thoma Bravo) Cloud Lending Solutions (Q2 Holdings) LTI Technology Solutions IFS Technology Solutions For more information about this report visit https://www.researchandmarkets.com/r/ihohcb