Kenneth Research, in its repository of market research reports, have recently added a report on Equipment Leasing Software Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022-2031. The Equipment Leasing Software Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Equipment Leasing Software Market products.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further.
Global Equipment Leasing Software Market is valued approximately USD 545 million in 2019 and is anticipated to grow with a healthy growth rate of more than 14% over the forecast period 2020-2027. The equipment leasing sector includes the large as well as funder or brokerage leasing companies that offers finance products for a wide range of asset types that can include vehicles, technology, agricultural machinery, construction & industrial equipment, and other vertical market asset types. Equipment leasing software (also known as asset leasing software) can manage all types of activities that covers under leasing lifecycle management. It also administers portfolios of a range assets, such as equipment or vehicles, and also deliver workflows for credit evaluation and approval. The implementation of advanced technologies in equipment leasing software, growing construction sector and rapid industrialization & infrastructure development are the few factors responsible for high CAGR of the market over the forecast period.
For instance, according to the International Construction Market Survey, the growth rate of construction industry worldwide in 2017 was approximate 3.5% and it grew to almost 3.9% in 2018. Similarly, as per the survey of Department of Industrial Policy and Promotion (DIPP) in India, Foreign Direct Investment collected in Construction Development sector from April 2000 to December 2018 with USD 24.91 billion. This, in turn, is expected to accelerate the demand of Equipment Leasing Software around the world. With the COVID-19 outbreak, several industrial sectors are under lockdown due to the strong actions implemented by the government. For this reason, manufacturers are recently facing several challenges such as reduction in production units and supply disruptions thereby, the demand for equipment leasing software is reduced and resulting insignificant market growth worldwide. However, lack of awareness and shortage of skilled and qualified operators are some factors, hampering the market growth over the forecast period of 2020-2027.
The regional analysis of global Equipment Leasing Software market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the growing manufacturing sector and the presence of significant number of market players in the region. Whereas, Asia-Pacific is anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027, due to the rapid industrialization & infrastructure development in the region.
Major market player included in this report are:
International Decision Systems Group
Dominion Leasing Software LLC
NETSOL Technologies Inc.
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Equipment Type:
Manufacturing & Warehouse Tools
Medical & Biotechnology
Rest of the World
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Furthermore, years considered for the study are as follows:
Historical year –2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Equipment Leasing Software Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Million)
1.2.1. Equipment Leasing Software Market, by Region, 2018-2027 (USD Million)
1.2.2. Equipment Leasing Software Market, by Equipment Type, 2018-2027 (USD Million)
1.2.3. Equipment Leasing Software Market, by Deployment, 2018-2027 (USD Million)
1.2.4. Equipment Leasing Software Market, by End-User, 2018-2027 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Equipment Leasing Software Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Equipment Leasing Software Market Dynamics
3.1. Equipment Leasing Software Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Equipment Leasing Software Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)
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