According to the research report, the global equipment leasing software market was valued at US$651.9 mn in 2018 and US$1018.5 mn, rising at a CAGR of 6.58% between 2018 and 2025
Los Angeles, United States - July 23, 2019 /MarketersMedia/ —
QY Research released a report, titled “Global Equipment Leasing Software Market Size, Status, and Forecast 2019-2025”, which is an in-depth analytical study. It includes a detailed discussion on the present and future growth of the market along with the revenue structure of companies. The regional segments and other segments of the market have been comprehensively studied in this research report.
Global Equipment Leasing Software Market: Drivers
The equipment leasing software can handle all activities within leasing lifecycle management. It supports coordination through end-of-lease activities, handles portfolios of various assets such as equipment or vehicles. This software is perfect for calculating taxes, applicable fees, and the collection of payments through ACH and credit cards. Such features make the software very useful in office and public service sectors. The equipment leasing software supports workflow with credit evaluation and its approval. This software is perfect to set up online leasing portals and automate its origination. It can collect data from multiple sources and automatically generate contacts for e-signatures. These factors make the equipment leasing software one of the most trusted tools for data collection and workplace solution, which enhances the potentiality of the global equipment leasing software market.
Global Equipment Leasing Software Market: Segment Analysis
The global equipment leasing software market is segmented on the basis of type and application. In terms of type, the market is segmented into cloud-based equipment leasing software and web-based equipment leasing software. In terms of application, the market is segmented as large enterprises and small and medium enterprises. Among these, the cloud-based equipment leasing software is expected to dominate the market.
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Global Equipment Leasing Software Market: Regional Analysis
Based on the region, the global equipment leasing software market is segmented into Latin America, North America, Asia Pacific, Europe, and the Middle East and Africa. The Asia Pacific is leading the market with the highest revenue. North America also projected to have a strong presence in the market during the forecast period.
Global Equipment Leasing Software Market: The Key Players
The key players studied in the global equipment leasing software market are Constellation Financing Systems Corp., Cassiopae (Sopra Steria), Odessa, Soft4Leasing, Visual Lease (KBA Lease Services), Nomos One, Accruent, NETSOL Technologies, Alfa, Dominion Leasing Software, IFS Technology Solutions, Inc., Codix LLC, Cloud Lending Solutions (Q2 Holdings, Inc.), LTi Technology Solutions, White Clarke Group, and International Decision Systems (IDS).
The leading companies of the global equipment leasing software market are focusing on various factors such as increasing sales, revenue, market share, and growth rate to remain competitive in the global equipment leasing software market.
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