Global Equipment Leasing Software Market (2020-2025) by Equipment Type, Product Type, End-User, Sales Channel, and Geography, IGR Competitive Analysis, Impact of Covid-19, Ansoff Analysis

Global Equipment Leasing Software Market (2020-2025) by Equipment Type, Product Type, End-User, Sales Channel, and Geography, IGR Competitive Analysis, Impact of Covid-19, Ansoff Analysis

Introduction

The Global Equipment Leasing Software Market is estimated to be USD 614.25 Mn in 2020 and is expected to reach USD 1.2 Bn by 2025, growing at a CAGR of 15.87 %.

Market Dynamics

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

Company Profiles

Some of the key companies operating in the market are Accurate Leasing Ltd, Asset Panda, Constellation Financing Systems, International Decision Systems Group, NETSOL Technologies, Odessa Technologies Inc., Q2 Software, Inc., Soft4Leasing, Sopra Steria Group SA, and WHITE CLARKE GROUP LIMITED.

IGR Competitive Quadrant

The report includes IGR 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 IGR Competitive Quadrant, Infogence’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