According to the research report titled ‘Global Equipment Leasing Software Market Size study with COVID-19 impact, by Equipment Type (Agriculture, Construction, Manufacturing & Warehouse Tools, Medical & Biotechnology, Transportation, Others), by Deployment (Cloud-Based, On-Premises), by End-User (Large Enterprises, SMEs) and Regional Forecasts 2020-2027’ available with Market Study Report, global equipment leasing software market reached a valuation of USD 545 million in the year 2019 and is projected to register a healthy CAGR of 14% during 2020-2027. 
 

Industry experts claim that technological advancement in equipment leasing software systems, rapid industrialization, flourishing construction vertical, and infrastructural development are augmenting the growth of global equipment leasing software market share.
 

For the record, equipment leasing software, commonly known as asset leasing software, are used for managing all the activities within leasing lifecycle management. The software is used to administer portfolios of a wide range of assets such as vehicles & equipment and deliver workflow for approval and credit evaluation.
 

Additionally, rising investments in the construction sector are stimulating global equipment leasing software market outlook. In fact, as per a survey carried out by DIPP (Department of Industrial Policy and Promotion), Foreign Direct Investment (FDI) in the construction development sector in India accounted for around USD 24.91 billion in the year 2018.
 

Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/2730781/
 

The outbreak of COVID-19 has compelled authorities across the globe to impose stringent lockdowns, which in turn has drastically affected the production as well as supply chain of this business sphere. Moreover, scarcity of qualified operators along with lack of awareness towards the software are impeding the expansion of the global equipment leasing software market size through 2027.
 

Based on equipment type, global equipment leasing software market is bifurcated into transportation, medical & biotechnology, manufacturing & warehouse tools, construction, agriculture, and others.
 

With regards to deployment, the market is split into on-premises and cloud-based. Moving on to the end-user landscape, the market comprises of SMEs (small & medium size enterprises) and large enterprises.
 

From a regional frame of reference, North America accounts for the largest share in global equipment leasing software market and is expected to witness consistent growth in the subsequent years, owing to high concentration of major industry players and flourishing manufacturing sector in the region.
 

Alternatively, Asia-Pacific equipment leasing software market is estimated to exhibit the highest CAGR over 2020-2027. Rapid industrialization coupled with infrastructural development are assisting the region to emerge as a lucrative growth avenue for global equipment leasing software market.
 

The companies that define the competitive landscape of global equipment leasing software market are NETSOL Technologies Inc., Dominion Leasing Software, LLC, Accruent, LLC, Soft4Leasing, IMNAT Software Inc., Visual Lease, LLC, Asset Panda LLC, Constellation Software, Inc., Cassiopae SAS, and International Decision Systems, Inc. (IDS).