Asset Finance Software Global Market Report 2023 – By Asset Type (Hard Assets, Soft Assets), By Deployment (Cloud, On-Premise), By Enterprise Type (Large Enterprises, Small And Medium Enterprises), By End-User (Transportation, Information Technology (IT) And Related Services, Construction, Agriculture, Medical Equipment, Banks, Industrial And Manufacturing Equipment, Other End Users) – Market Size, Trends, And Global Forecast 2023-2032

Automotive finance refers to the financial support received to buy a car with a small down payment from pocket. The lender's loan can be repaid over a certain length of time in equal monthly installments with an agreed-upon interest rate. The main provider types of automotive finance are banks, OEMs, and other provider types. Banks are used to receiving the funds in one go, then paying them back over time, along with interest. A bank refers to an institution that is authorized to lend money and take deposits from checking and savings accounts. The finance types are direct finance and indirect finance. The vehicle types include passenger vehicles, commercial vehicles, and other vehicle types. The global automotive finance market is segmented - 1) By Provider Type: Banks, OEMs, Other Provider Types 2) By Finance Type: Direct Finance, Indirect Finance 3) By Vehicle Type: Passenger Vehicles, Commercial Vehicles, Other Vehicle Types The global automotive finance market size is expected to grow from $248.99 billion in 2022 to $266.65 billion in 2023 at a compound annual growth rate (CAGR) of 7.09%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The automotive finance market size is expected to grow to $360.89 billion in 2027 at a CAGR of 7.86%. Increasing vehicle prices are expected to propel the growth of the automotive finance market going forward. Vehicle prices refer to the amount a car manufacturer is willing to demand for creating, producing, and putting a vehicle on the market. Automotive financing refers to purchasing a car, often a more expensive one than would otherwise be feasible. For instance, in June 2022, according to data shared by Kelly Blue Book, a US-based vehicle valuation and information source company owned by Cox Automotive, average transaction costs for new vehicles climbed by 13.5% year over year, from $41,534 in May 2021 to $47,148 in May 2022. The highest gain ($888) was seen in trucks, with an ATP of $56,216. Vans witnessed a gain of $726 in May, bringing their ATP to $48,671, while SUVs saw an increase of $526, bringing their ATP to $46,073. Therefore, increasing vehicle prices are driving the growth of the automotive finance market. Major players in the automotive finance market are Ally Financial, Bank of America, Capital One, Chase Auto Finance, Daimler Financial Services, Ford Motor Credit Company, GM Financial Inc., Hitachi Capital, Toyota Financial Services, Volkswagen Financial Services, BNP Paribas, HDFC Bank Limited, Standard Bank Group Ltd., Banco Bradesco SA, Wells Fargo & Co and HSBC Holdings plc. Technological advancements have emerged as a key trend gaining popularity in the automotive finance market. Major companies operating in the automotive finance market are focused on innovating new technologies to sustain their position in the market. For instance, in September 2022, Kuwy, an India-based first automotive fintech startup and a subsidiary of Volkswagen Finance, launched KUWY-LaaS, an AI-driven platform with blockchain technology for online auto sales. The technology not only democratises online auto transactions while maintaining complete transparency, but it also offers more information to help the seller, buyer, and lender make the best decisions possible. The technology enables a customer to choose financing options, select a lender, and receive fast approval in a completely paperless journey. In May 2022, Protective Life Corporation, a US-based financial service holding company, acquired AUL Corporation for an undisclosed amount. This acquisition enables Protective to provide more solutions, safeguard more clients, and speed up growth. The product lineup from AUL is a great addition to Protective's Asset Protection Division. AUL Corporation is a US-based automotive finance and insurance provider. Europe was the largest region in the automotive finance market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the automotive finance market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The automotive finance market includes revenues earned by entities by providing financial services that are used in purchasing a vehicle, often one of higher value than would otherwise be possible. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Personal finance software refers to a type of application that is used for helping users with all aspects of their personal finances. It uses software for offering a holistic approach to financial management at a relatively low cost. The main product of personal finance software is web-based software and mobile-based software. Web-based software refers to software that can be accessed just by connecting to the internet and using a web browser. It is deployed by cloud, and on-premise by small business users, and individual consumers. The global personal finance software market is segmented - 1) By Product Type: Web-Based Software, Mobile-Based Software 2) By Deployment Types: Cloud, On-Premise 3) By End User: Small Businesses Users, Individual Consumers The global personal finance software market size is expected to grow from $1.61 billion in 2022 to $1.72 billion in 2023 at a compound annual growth rate (CAGR) of 6.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global personal finance software market size is expected to reach $2.22 billion in 2027 at a CAGR of 6.5%. The increasing demand for secured and personalized digital services is expected to propel the growth of the personal finance software market going forward. Digital services refer to the electronic flow of data and content across a variety of platforms and devices, such as the web or mobile. Personal finance software is money management software that organizes the user’s day-to-day financial life by educating the user about personal money matters and provides security by providing an early warning when problems arise and having an alert notification, which helps the user to notify the target limit once the target is surpassed. Thus, it provides secured and personalized financial services digitally through web-based or stand-alone software. For instance, in 2022 according to The Economist, a UK-based newspaper and media agency, 58% of banks worldwide depend on technology such as artificial intelligence for personalized digital services. Thus, the rising demand for secured and personalized digital services is driving the personal finance market. Major players in the personal finance software market are Microsoft Corporation, Moneyspire Inc., PocketSmith Ltd., The Infinite Kind, Buxfer Inc., Doxo Inc., Money Dashboard, Personal Capital Corporation, You Need a Budget LLC, Alzex software, CountAbout, Finicity Corporation, CoinKeeper, and BankTree Software. The innovative solution is a key trend in the personal finance software market. Major companies operating in the personal finance software market are advancing new and innovative technologies such as AI to make personal finance more productive and less time-consuming. With new technology developments, there will be a move away from mass production and toward creative, specialized brand packaging for particular goods and services. For instance, in August 2021, Quicken, a US-based personal finance management provider launched Simplifi which spotlights positive financial growth and boosts confidence by awarding users with badges when they meet goals. The app recognizes progress and motivates users to stay on track to meet both short- and long-term financial goals with its achievement program. In October 2021, Aquiline Capital Partners a US-based financial services enterprise acquired Quicken Inc. for an undisclosed amount. Through this acquisition, Aquiline Capital Partners would be able to provide capital for financial services and technology. This acquisition will also ensure that Quicken would continue its operation in Menlo Park, Tucson, and Bangalore. Quicken Inc. is a US-based personal finance software provider that includes the personal financial app, Simplify. North America was the largest region in the personal finance software market in 2022. The regions covered in this global personal finance software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the personal finance software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The personal finance software market consists of sales of software used for budgeting, investing, debt tracking, and setting savings goals. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The personal finance software market research report is one of a series of new reports from The Business Research Company that provides personal finance software market statistics including the personal finance software industry global market size regional shares competitors with personal finance software market share detailed personal finance software market segments market trends and opportunities and any further data you may need to thrive in the personal finance software industry. This personal finance software market research report delivers a complete perspective of everything you need with an in-depth analysis of the current and future scenario of the industry.

Property and casualty reinsurance is an agreement between a reinsurer and an insurance firm. The insurance business, or cedent, transfers liability to the reinsurance firm, which then assumes all or a portion of the risk connected with one or more insurance plans issued by the cedent. The main types of property and casualty reinsurance are direct selling and intermediary selling. Direct selling is the practice of selling goods outside of a traditional retail environment, such as online, at home, or in other locations. The modes involved are online and offline which are used by small reinsurers and midsized reinsurers' for life and health reinsurance, non-life or property and casualty reinsurance. The global property & casualty reinsurance market is segmented - 1) By Type: Direct Selling, Intermediary Selling 2) By Mode: Online, Offline 3) By Application: Small Reinsurers, Midsized Reinsurers 4) By End-User: Life And Health Reinsurance, Non-Life Or Property And Casualty Reinsurance The global property and casualty reinsurance market size is expected to grow from $427.43 billion in 2022 to $478.97 billion in 2023 at a compound annual growth rate (CAGR) of 12.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global property and casualty reinsurance market is expected to reach $718.33 billion in 2027 at a CAGR of 10.7%. The rise in the number of natural calamities is expected to propel the growth of the property and casualty reinsurance market in the coming years. Natural calamities are the result of natural hazards, such as an earthquake, floods, cyclones, hurricanes, volcanic eruptions, or landslides, which negatively impact the environment and cause property damage, loss of life, or other negative effects. Reinsurance enables property and casualty insurers to mitigate the risks associated with concentrated natural disasters. Hence, the rise in natural calamities will boost the property & casualty reinsurance market. For instance, in 2020, according to the National Centers for Environmental Information, a US-based leading authority for environmental data, the United States experienced a record-breaking 22 weather-related or climatic catastrophes, each of which caused at least $1 billion in losses, including a record 7 related to hurricanes or tropical storms that made landfall. Also, the number of climatic events in 2019 was 14, which increased by six in 2020. Therefore, a rise in the number of natural calamities is driving the property & casualty reinsurance market. Major players in the property & casualty reinsurance market are Barents Re Reinsurance Company Inc., Berkshire Hathaway Inc., BMS Group Limited, China Reinsurance Corporation, Everest Re Group Ltd., Hannover Re, Lloyd's of London, Munich Reinsurance Company, PartnerRe Ltd., Reinsurance Group of America Incorporated, SCOR SE, Swiss Reinsurance Company Ltd., AXA XL, MAPFRE Insurance, and IRB Brasil RE. Product innovation is the key trend gaining popularity in the property and casualty reinsurance market. Major companies operating in the property and casualty reinsurance market are focused on developing innovative products to strengthen their position in the market. For instance, in September 2021, Ascot Group, a UK-based specialty insurance and reinsurance company, launched Ascot Reinsurance's platform for global reinsurance underwriting and ceded risk solutions. This platform serves as a central entry point for all of Ascot's reinsurance offerings, including improved client services, claims, treaty, and facultative solutions, and claims management. In February 2022, Swiss Reinsurance Company Ltd., a Switzerland-based reinsurance company acquired Champlain Reinsurance Company for an undisclosed amount. The acquisition shows Swiss Re's strong expertise in devising and reliably delivering customized solutions for the legacy challenges of business partners. Champlain Reinsurance Company is a Switzerland-based run-off reinsurance captive of Alcan Holdings Switzerland AG. North America was the largest region in the property and casualty reinsurance market in 2022. The regions covered in the global property and casualty reinsurance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the property and casualty reinsurance market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The property and casualty reinsurance market includes revenues earned by entities by providing facultative reinsurance and treaty reinsurance. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The property and casualty reinsurance market research report is one of a series of new reports from The Business Research Company that provides property and casualty reinsurance market statistics, including property and casualty reinsurance industry global market size, regional shares, competitors with property and casualty reinsurance market share, detailed property and casualty reinsurance market segments, market trends, and opportunities, and any further data you may need to thrive in the property and casualty reinsurance industry. This property and casualty reinsurance market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Property and casualty insurance refer to varieties of insurance that aid in protecting individuals and their possessions. Property insurance aids in protecting the possessions, such as house, car, and others. Casualty insurance refers to the policy that protects a person, who is legally accountable for an accident that results in someone else's injuries or property damage. The main coverages under property and casualty insurance are fire and theft, house damage, floods and earthquake, personal property, and others. The fire and theft cover segment refers to insurance that will cover damages incurred to the belongings due to a fire and damages that are incurred due to theft in your property. These are distributed by various channels including brokers and non-brokers for landlords, homeowners, renters, and other end users. The global property and casualty insurance market is segmented - 1) By Coverage: Fire And Theft, House Damage, Floods And Earthquake, Personal Property, Other Coverages 2) By Distribution Channel: Brokers, Non-Brokers 3) By End-User: Landlord, Homeowners, Renters, Other End Users The global property & casualty insurance market size is expected to grow from $1,696.75 billion in 2022 to $1,843.14 billion in 2023 at a compound annual growth rate (CAGR) of 8.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, and affecting many markets across the globe. The global property & casualty insurance market size is expected to reach $2,466.84 billion in 2027 at a CAGR of 7.6%. The rise in natural disasters is expected to propel the growth of the property and casualty insurance market going forward. Natural disaster refers to a catastrophic event such as a flood, earthquake, or storm, that leaves significant damage or casualties. Property insurance covers damages from various natural disasters such as wind, hail, lightning strikes hurricanes, wildfires, and others. For instance, according to data from the National Interagency Fire Center, a US-based agency responsible for wildfire management and emergency assistance, there were 58,985 wildfires in 2021, which affected 7.1 million acres, which is an increase of 17% from 2019. Therefore the rising natural disasters are driving the growth of the property and casualty insurance market. Major players in the property and casualty insurance market are The Allstate Corporation, Axa S.A., Liberty Mutual Group, The People's Insurance Company (Group) of China Limited, Zurich Insurance Group Ltd., Chubb Corp., American International Group Inc., State Farm Insurance, Allianz SE, Admiral Group Plc., The Hartford Financial Services Group Inc., Nationwide Mutual Insurance Company, The Progressive Group, China Pacific Insurance Co. Ltd., and Tokio Marine Holdings Inc. Technological advancements are a key trend gaining popularity in the property and casualty insurance market. Companies operating in the property and casualty insurance market are adopting new technologies to sustain their position in the market. For instance, in January 2023, Peppercorn, a UK-based Insurtech start-up, launched a conversational AI assistant. This technology, along with the company's counter-fraud technologies and pre-inception underwriting decisions, eliminates the need for a real call center thereby offering an enhanced purchase experience to its customers and reducing operating costs and expense ratio. In March 2021, Applied Underwriters, a US-based risk services company, acquired Florida Casualty Insurance Co. (FCIC) for an undisclosed amount. Through this acquisition, Applied Underwriters aims to further develop and integrate the company’s structural architecture and plans to expand its presence as a key and international player in the market. Florida Casualty Insurance Co. (FCIC) is a US-based company offering casualty insurance services. North America was the largest region in the property & casualty insurance market in 2022. The regions covered in the global property & casualty insurance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the property & casualty insurance market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The property and casualty insurance market includes revenues earned by entities by providing property and casualty insurance services covering medical expenses, vehicle damage, and property loss or damage. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The property and casualty insurance market research report is one of a series of new reports from The Business Research Company that provides property and casualty insurance market statistics, including property and casualty insurance industry global market size, regional shares, competitors with a property and casualty insurance market share, detailed property and casualty insurance market segments, market trends, and opportunities, and any further data you may need to thrive in the property and casualty insurance industry. This property and casualty insurance market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Asset servicing refers to a set of tasks and activities performed by a custodian for his clients in relation to the assets in his custody. The main services offered in asset servicing are fund services, custody and accounting, outsourcing services, and securities lending. Securities lending is the process of lending shares of stock, commodities, derivative contracts, or other securities to other investors or firms. The borrower must put up collateral in the form of cash, other assets, or a letter of credit when applying for a security loan. The services are offered to large enterprises, medium-sized and small enterprises, capital markets, and wealth management firms. The global asset servicing market is segmented – 1) By Service: Fund Services, Custody and Accounting, Outsourcing Services, Securities Lending 2) By End User: Capital Markets, Wealth Management Firms 3) By Enterprise Size: Large Enterprises, Medium and Small Enterprises The global asset servicing market size will grow from $1159.45 billion in 2022 to $1277.82 billion in 2023 at a compound annual growth rate (CAGR) of 10.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global asset servicing market size is expected to grow to $1830.69 billion in 2027 at a CAGR of 9.4%. Globalization acts as a major driver for the growth of the asset servicing industry. According to a study on global asset servicing, nearly 60% of asset services in Assets Under Administration (AUA) and Assets Under Contract (AUC) predict that globalization is likely to be a strong driver for the asset servicing market’s growth over the forecast period. The players dealing in the asset servicing industry are majorly focusing on the APAC markets and other growing economies. Moreover, according to the BNP Paribas Securities Services article published in January 2020, India was expected to experience impressive growth in the asset management and servicing industry owing to the increasing working population, the rising buying power of the populace, and expected growth in the GDP of the country. Thus, globalization creates a large avenue for the expansion and growth of the asset servicing market over the forecast period. Major players in the asset servicing market are National Australia Bank Limited, CACEIS, BNY Mellon, HSBC, JP Morgan, Citi, The Bank of New York Mellon Corporation (BNY Mellon), State Street Corporation, UBS, and Clearstream (Deutsche Börse Group). The stringent regulatory framework is predicted to limit the growth of the asset servicing industry over the forecast period. According to Funds Europe’s asset servicing roundtable, rising global regulation is adding cost and risk to asset servicing, creating a requirement for asset servicers to constantly engage with clients and regulators. In addition to this, according to EY’s new opportunities for asset servicing study, nearly 75% of the companies see the impact of regulations as the greater risk facing the asset servicing industry. Therefore, the increased scrutiny from regulatory agencies is anticipated to hinder the asset service market’s growth in the forecast period. Robotic process automation (RPA) or automation is a major trend shaping the growth of the asset servicing market. Robotic process automation alone could reduce the headcount by 60–70% in the asset servicing industry while also achieving cost savings of approximately 30–40%. Robotic process automation (RPA) refers to a set of software tools known as bots or robots that are used to perform a repetitive or routine business process that is currently used by transaction processing teams or service centers. RPA can replace manual tasks involved in asset servicing such as reconciliation, trade processing, and reporting for regulators and clients, reducing the time required with cost-efficiency. For instance, the ANZ Banking Group was one of the early ones to adopt RPA aggressively and automated its HR, finance, and technology processes in its Bengaluru hub, creating thousands of bots. In April 2020, JP Morgan sought to take whole ownership of China International Fund Management (CIFM), a local asset management firm, for an amount of $1 billion. This step was taken following China's reforms on the elimination of caps on foreign companies' taking full control of local asset management operations. This acquisition is expected to enable JP Morgan's long-term involvement with CIFM and strengthen the company’s position in the Chinese market. China International Fund Management (CIFM) was founded in 2004 and offers asset management and related services to China. North America was the largest region in the asset servicing market in 2022. Western Europe was the second largest region in the global asset management market share. The regions covered in the global asset servicing market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the asset servicing market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The asset servicing market consists of revenues earned by entities by providing administration services through a central securities depository (CSD) or custodian in connection with the custody and/or safekeeping of financial instruments (e.g., the processing of corporate events or the handling of taxes) on a fee or commission basis. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for specified geography are consumption values – that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products. The asset servicing research report is one of a series of new reports from The Business Research Company that provides asset servicing statistics, including asset servicing industry global market size, regional shares, competitors with asset servicing shares, detailed asset servicing segments, market trends and opportunities, and any further data you may need to thrive in the asset servicing industry. This asset servicing research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Lessor of Non-financial intangible assets refer to those individuals or organizations that lease out assets which are intangible in nature, such as patent rights and trademarks, brand names for which a royalty payment or licensing fee is paid to them. The main types of lessors of nonfinancial intangible assets are oil royalty companies, patent owners, and lessors. In the oil and gas sector, royalty property refers to the ownership of a share of a resource or the money it generates. A firm or individual who holds a royalty interest is not responsible for any of the resource's operational costs, but they do own a piece of the resource or the revenue it generates. The different modes include online and offline. The global lessors of nonfinancial intangible assets market is segmented - 1) By Type: Oil Royalty Companies, Patent Owners And Lessors 2) By Mode: Online, Offline The global lessors of nonfinancial intangible assets market size will grow from $555.64 billion in 2022 to $610.72 billion in 2023 at a compound annual growth rate (CAGR) of 9.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of lessors of nonfinancial intangible assets market is expected to grow to $886.4 billion in 2027 at a CAGR of 9.8%. The rise in nonfinancial intangible assets such as such as trademarks, patents, brand names, franchise and agreements drive the lessors of the nonfinancial intangible assets market. The growth in nonfinancial intangible assets increases the demand for lessors of the nonfinancial intangible assets market. For example, in 2020, the global patent filing showed a 1.6% growth, while trademark and industrial design filing activity grew by 13.7% and 2%, respectively over the previous year. In terms of volume, patent filings around the world numbered 3.3 million, trademark filing activity 17.2 million and industrial design filing activity 1.4 million. Applications for utility models, a special form of patent right, grew by 28.1% over the previous year to reach 3 million applications in 2020. Therefore, rise in nonfinancial intangible assets is expected to contribute to the growth of the lessors of the nonfinancial intangible assets market. Major companies in the lessors of the nonfinancial intangible assets market report are McDonald's, Koninklijke Ahold Delhaize N.V, Subway, 7-Eleven, and Yum! Brands, Restaurant Brands International Inc., Hilton Worldwide Holdings, Domino's Pizza, Hyatt Hotels Corporation, and Wyndham Worldwide Corp. A large number of companies are investing in research and development and are trying to make patent leasing a major source of their revenue. These companies are investing in niche areas and are seeking a high return on their investments in research and development. Patent owners are licensing their patents to both direct competitors and companies in related industries with most of them creating a new subsidiary unit focused on making money on those assets. Qualcomm, Ericsson, and other companies with significant intellectual-property assets are making their patent portfolios a major source of revenue. Similarly, Qualcomm turned out its intellectual-property business into a separate business unit. North America was the largest region in the lessors of the nonfinancial intangible assets market in 2022. Asia-Pacific was the second-largest region in the lessors of the nonfinancial intangible assets market share. The regions covered in the lessors of nonfinancial intangible assets market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the lessors of nonfinancial intangible assets market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The lessors of the nonfinancial intangible assets market consist of revenues earned by entities that provide nonfinancial intangible assets including rights to assets such as brand names, and franchise agreements for which a royalty payment or licensing fee is paid to the asset holder. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The lessors of nonfinancial intangible assets market research report are one of a series of new reports from The Business Research Company that provides lessors of nonfinancial intangible assets market statistics, including lessors of nonfinancial intangible assets industry global market size, regional shares, competitors with lessors of nonfinancial intangible assets market share, detailed lessors of nonfinancial intangible assets market segments, market trends and opportunities, and any further data you may need to thrive in the lessors of nonfinancial intangible assets industry. This lessors of nonfinancial intangible assets market research report deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Property management software refers to a software application used to manage hotels and other types of rental homes for businesses. To plan, coordinate, and carry out the daily tasks and transactions required in the lodging industry, PMS offers a centralised computer system. It reduces the amount of manual effort required for rent collection, maintenance, and repair scheduling. The main property management software deployment types are cloud and on-premise. The cloud market provides hosted services on a remote cloud server. Clients use the internet to access the software for various integration, automation, and business process enhancement needs.The different applications of property management software include residential and commercial, which are used by end-users such as housing associations, property managers/agents, property investors, and other end-users. The global property management software market is segmented - 1) By Deployment: Cloud, On-premise 2) By Application: Residential, Commercial 3) By End-User: Housing Associations, Property Managers/Agents, Property Investors, Other End-Users The global property management software market size will grow from $1.75 billion in 2022 to $1.82 billion in 2023 at a compound annual growth rate (CAGR) of 4.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the property management software is expected to grow to $2.19 billion in 2027 at a CAGR of 4.7%. The increase in investments in smart cities is expected to propel the growth of the property management software market during the forecast period. Governments around the world are investing in the creation of smart cities. Smart city technologies uses information and communication technologies to efficiently manage and operate urban services, thus creating demand for efficient management of properties. The European Union is actively promoting smart city initiatives, with funds for research and sustainability targets for member states. The concept of smart cities is becoming more popular in developing nations too. For instance, more than 1,000 smart city pilot projects are either ready for or are under construction globally and around 500 of these projects are in China. Hence, the investment in smart cities is expected to drive the property management software market growth. Major players in the property management software market are AppFolio, Inc., Console Australia Pty Ltd., CORELOGIC, Entrata, Inc., InnQuest Software, IQware Inc., RealPage, Inc., Yardi Systems Inc., Buildium, Innago, Spacewell (MCS Solutions Pvt Ltd), ManageCasa, Planon, Jones Lang LaSalle IP, Inc., Tenant Cloud, and Rent Manager. Artificial intelligence (AI) enabled applications in the property management software market is a key trend gaining popularity in the market. Artificial intelligence (AI) enabled applications assist real estate companies in marketing campaigns, managing property portfolios, leasing, accounting, operations, and many other functions For instance in November 2021, FacilioInc., a real estate portfolio management platform, announced the launch of its linked computerized maintenance management system (CMMS) solution, which helps businesses streamline operations, reduce costs, and keep up with changing client demands. In October 2021, Property Vista, a Canada based property management software solutions company, announced the acquisition of National Efficiency Systems Inc (LeadManaging) Corporation, for an undisclosed amount. Through this acquisition, Property Vista would offer intelligent customer experiences and utilize into lead and occupant data to quickly surface deeper insights and make smarter rental decisions. LeadManaging is a Canada-based real-time connections and lead-tracking property management company. North America was the largest region in the property management software market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the property management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the property management software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The property management software market includes revenues earned by entities by providing front-desk operations, managing reservations, rate, and occupancy of a hotel. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The property management software research report is one of a series of new reports from The Business Research Company that provides property management software statistics, including property management software industry global market size, regional shares, competitors with property management software share, detailed property management software segments, market trends and opportunities, and any further data you may need to thrive in the property management software industry. This property management software research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

A semi-trailer refers to a freight trailer without a front axle that, when attached, is supported at its forward end by the fifth wheel device of the truck tractor. The semi-trailer is used for transporting a large number of goods. The main types of semi-trailers are flatbed, lowboy, dry van, refrigerated, tankers, and other types. Flatbed refers to equipment that is open-deck in nature without a roof or sides that is mainly used for transporting heavy, oversized, and wide goods. These are available in multiple lengths such as trailers up to 45 feet and above 45 feet and are used in heavy industry, FMCG, chemical, automotive, oil and gas, healthcare, logistics, and other end-users. The global semi-trailer market is segmented - 1) By Type: Flatbed, Lowboy, Dry Van, Refrigerated, Tankers, Other Types 2) By Length: Up To 45 Feet, Above 45 Feet 3) By End-Use: Heavy Industry, FMCG, Chemical, Automotive, Oil And Gas, Healthcare, Logistics, Other End-Users The global semi-trailer market size will grow from $27.28 billion in 2022 to $29.06 billion in 2023 at a compound annual growth rate (CAGR) of 6.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global semi-trailer is expected to grow to $41.74 billion in 2027 at a CAGR of 9.5%. The rise in urbanization is expected to propel the growth of the semi-trailer market going forward. Urbanization is the process by which cities develop and a rising proportion of the population moves there to live. Semi-trailers help in the transportation of goods and for carrying a large proportion of cargo, raw materials, and finished products, as a result, rising urbanization increases the demand for the semi-trailer market. For instance, according to The United Nations Conference on Trade and Development, a Switzerland-based intergovernmental organization, the percentage of people living in cities rose to 56.2% by 2020. It is higher in wealthy countries are 51.6% than in developing ones which is 79.2% in 2020. Therefore, rising urbanization is driving the semi-trailers market. Major players in the semi-trailer market are Wabash National Corporation, Schmitz Cargobull AG, Great Dane LLC, Krone GmbH & Co. KG, Kögel Trailer GmbH & Co.KG, Pitts Trailers, Utility Trailer Manufacturing Company, Hyundai Translead Inc., Premier Trailer Manufacturing Inc., Mac Trailer Manufacturing, RAC-Germany, SDC Trailers Ltd., Dennison Trailers, Karl Kässbohrer Fahrzeugwerke GmbH, and Van Hool NV. The increased demand for trailer technology advancement is a key trend in the semi-trailer market. Major companies operating in the semi-trailer market are coming up with new technologies for trailers to sustain their position in the market. For instance, in April 2020, WABCO, a US-based vehicle control systems provider for semi-trailers, and related heavy vehicles, and Sioen Industries, a Belgium-based company manufacturing chemicals and processing technical textiles launched an innovative and connected technology to prevent theft in trailer cargo named the Detector Solution. Sioen has upgraded its dynatex protector technology powered by WABCO’s advanced fleet management solutions for triggering the alarm for the tarpaulin and for enabling live monitoring and management of trailer access. This combination of technologies controls trailer breaches in real-time. In February 2020, The Schwarz Muller Group, an Austria-based manufacturer of premium commercial vehicles, acquired Huffermann Transportsysteme GmbH for an undisclosed amount. This acquisition expands Schwarz Muller’s experience in the construction and infrastructure vehicle sectors, as well as increases its market share in Germany. Huffermann Transportsysteme GmbH believes that the acquisition is their best option for sustainable growth and entry into various new markets. Huffermann Transportsysteme GmbH is a Germany-based producer of container trailers operating in the semi-trailers market. North America was the largest region in the semi-trailer market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the semi-trailer market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the semi-trailer market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The semi-trailer market consists of sales of step deck or drop deck trailers, reefer trailers, dump trailers, and dry van trailers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The semi-trailer market research report is one of a series of new reports from The Business Research Company that provides semi-trailer market statistics, including semi-trailer industry global market size, regional shares, competitors with a semi-trailer market share, detailed semi-trailer market segments, market trends and opportunities, and any further data you may need to thrive in the semi-trailer industry. This semi-trailer market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.