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Global Equipment Leasing Software Market (2021-2026) by Equipment Type, Product Type, End-User, Sales Channel, and Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

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  • 180 Pages
  • November 2021
  • Region: Global
  • Infogence Global Research
  • ID: 5515485
The Global Equipment Leasing Software Market is estimated to be USD 694.25 Mn in 2021 and is expected to reach USD 1,356.18 Mn by 2026, growing at a CAGR of 14.33%.

Market Dynamics

Key factors such as growing demand for different lease products and a constant need to track equipment leasing operations such as disbursement schedules and vetting checks are boosting market demand for the equipment leasing software market. Similarly, changes in accounting practices with GAAP and BASEL norms and the increasing adherence to compliance checks have further supported the market growth.

However, factors such as the high cost of the software and the lower likelihood of small-scale companies utilizing this software have restrained 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, White Clarke Group Limited, etc.

Countries Studied

  • America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
  • Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
  • Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
  • Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

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 an in-depth market analysis using Porter’s 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains the competitive analysis using Positioning Quadrants, 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
Frequently Asked Questions about the Global Equipment Leasing Software Market

What is the estimated value of the Global Equipment Leasing Software Market?

The Global Equipment Leasing Software Market was estimated to be valued at $694.25 Million in 2021.

What is the growth rate of the Global Equipment Leasing Software Market?

The growth rate of the Global Equipment Leasing Software Market is 14.3%, with an estimated value of $1356.18 Million by 2026.

What is the forecasted size of the Global Equipment Leasing Software Market?

The Global Equipment Leasing Software Market is estimated to be worth $1356.18 Million by 2026.

Who are the key companies in the Global Equipment Leasing Software Market?

Key companies in the Global Equipment Leasing Software Market include LeaseWave, Cassiopae (Sopra Steria), Constellations, Asset Panda, Visual Lease, IMNAT Software (Nakisa, Inc), VTS, Soft4Leasing and Accruent (Fortive).

Table of Contents

1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Stakeholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size and Segmentation
3.3 Market Outlook
4 Market Influencers
4.1 Drivers
4.1.1 Growing Demand for Lease Products
4.1.2 Constant Need for Tracking Equipment Leasing Operations
4.1.3 Growing Changes in Accounting Practices and Compliance Adherence
4.2 Restraints
4.2.1 High Cost of The Software
4.2.2 Companies Operating with Fewer Processes and Tight Budgets
4.3 Opportunities
4.3.1 Use of Big Data Applications in Equipment Leasing
4.3.2 Integration with CMMS and Enterprise Asset Management Software
4.4 Challenges
4.4.1 Complex Leasing Structures
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter’s Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff Matrix Analysis
6 Global Equipment Leasing Software Market, By Equipment Type
6.1 Introduction
6.2 Agriculture
6.3 Construction
6.4 Manufacturing & Warehouse Tools
6.5 Medical & Biotechnology
6.6 Office Furniture, IT Hardware & Software
6.7 Transportation
7 Global Equipment Leasing Software Market, By Deployment
7.1 Introduction
7.2 On-Cloud
7.3 On-Premise
7.4 Global Equipment Leasing Software Market, By End User
7.5 Introduction
7.6 Large Enterprises
7.7 SMEs
8 Global Equipment Leasing Software Market, By by Sales Channel
8.1 Introduction
8.2 Manufacturer/Distributor/Service Provider
8.3 Aftermarket
9 Global Equipment Leasing Software Market, By Geography
9.1 Introduction
9.2 America
9.2.1 Argentina
9.2.2 Brazil
9.2.3 Canada
9.2.4 Chile
9.2.5 Colombia
9.2.6 Mexico
9.2.7 Peru
9.2.8 United States
9.2.9 Rest of Americas
9.3 Europe
9.3.1 Austria
9.3.2 Belgium
9.3.3 Denmark
9.3.4 Finland
9.3.5 France
9.3.6 Germany
9.3.7 Italy
9.3.8 Netherlands
9.3.9 Norway
9.3.10 Poland
9.3.11 Russia
9.3.12 Spain
9.3.13 Sweden
9.3.14 Switzerland
9.3.15 United Kingdom
9.3.16 Rest of Europe
9.4 Middle East and Africa
9.4.1 Egypt
9.4.2 Israel
9.4.3 Qatar
9.4.4 Saudi Arabia
9.4.5 South Africa
9.4.6 United Arab Emirates
9.4.7 Rest of MEA
9.5 Asia-Pacific
9.5.1 Australia
9.5.2 Bangladesh
9.5.3 China
9.5.4 India
9.5.5 Indonesia
9.5.6 Japan
9.5.7 Malaysia
9.5.8 Philippines
9.5.9 Singapore
9.5.10 South Korea
9.5.11 Sri Lanka
9.5.12 Thailand
9.5.13 Taiwan
9.5.14 Rest of Asia-Pacific
10 Competitive Landscape
10.1 Competitive Quadrant
10.2 Market Share Analysis
10.3 Strategic Initiatives
10.3.1 M&A and Investments
10.3.2 Partnerships and Collaborations
10.3.3 Product Developments and Improvements
11 Company Profiles
11.1 LeaseWave
11.2 Cassiopae (Sopra Steria)
11.3 Constellations
11.4 Asset Panda
11.5 Visual Lease
11.6 IMNAT Software (Nakisa, Inc)
11.7 VTS
11.8 Soft4Leasing
11.9 Wells Fargo
11.10 Accruent (Fortive)
11.11 Nomos One
11.12 Dominion Leasing Software (Banyan Software, Inc.)
11.13 NETSOL Technologies
11.15 Odessa Technologies Inc.
11.16 Q2 Software, Inc.
11.17 Sopra Steria Group SA
11.18 International Decision Systems Group (Thoma Bravo)
11.19 Cloud Lending Solutions (Q2 Holdings)
11.20 LTI Technology Solutions
11.21 IFS Technology Solutions
12 Appendix
12.1 Questionnaire

Companies Mentioned

  • LeaseWave
  • Cassiopae (Sopra Steria)
  • Constellations
  • Asset Panda
  • Visual Lease
  • IMNAT Software (Nakisa, Inc)
  • VTS
  • Soft4Leasing
  • Wells Fargo
  • Accruent (Fortive)
  • Nomos One
  • Dominion Leasing Software (Banyan Software, Inc.)
  • NETSOL Technologies
  • 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