Property Management Software Market size was valued at US$ 3.17 Bn. in 2022 and the total revenue is expected to grow at 4.82 % through 2023 to 2029, reaching nearly US$ 4.41 Bn.
Property Management Software Market Overview
Maximize Market Research's new report on the Global Property Management Software Market 2023-2029 is a valuable resource for understanding the market's competitors and gaining key business insights. The report provides a comprehensive overview of the market, including its value chain structure, geographical analysis, applications, market size, and forecast (2023-2029). This information can be used to make more informed decisions about the current and future state of the global Property Management Software market.
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Property Management Software Market Scope
The report focuses on the key factors that are driving and restraining the growth of the Property Management Software market, as well as the competitive landscape and future prospects. It provides insights into the current and future market trends, demand chain, supply chain, and sales, as well as recent changes in the market.
The report also includes company profiles of the key players in the Property Management Software market, including their overview, financial performance, product portfolio, and strategies. It also uses SWOT and PESTLE analysis to provide a comprehensive view of the market.
Property Management Software Market Segmentation
The worldwide property management software market is divided into two segments based on deployment: cloud and on-premises. In 2022, the Cloud category had the biggest market share, accounting for 60.41%. This is explained by the fact that an increasing number of end users—such as corporate renters, individual landlords, and property managers—are selecting cloud deployment. Cloud-based property management solutions are becoming more and more popular among small, medium, and large enterprises due to reasons such as scalability, ease of use, cost-effectiveness, and reduced rental issues. To lower the danger of data loss, cloud property management software also offers integration and data backup. Additionally, automating labor-intensive processes saves property managers money on both the direct and indirect costs involved.
The residential and commercial segments of the worldwide property management software market are divided based on the application. With 69.5% of the market, the Residential category had the biggest share in 2022. The rise in real estate investments is the cause of this. The residential category includes single-family homes, multi-family homes, and apartments. Nonetheless, over the course of the forecast period, the commercial segment of the global property management software market is anticipated to expand at the highest CAGR of xx%. The expanding global business sector is one of the main factors influencing market demand. The PMS market is anticipated to increase as a result of other reasons that are likely to encourage investments in the commercial sector, such as rising disposable income, evolving consumer technology, and increasing cyber risk management.
Housing associations, property managers/agents, property investors, and others make up the sub-segments of the worldwide property management software market based on the End-User. With a market share of 37.2% in 2022, the Property Managers/Agents segment held the highest share. This is linked to a rise in real estate development projects and commercial real estate globally. PMS can also help agents and property managers keep track of all the properties and necessary maintenance. Therefore, the trend of changing workplace mobility is driving market expansion.
1 Global Property Management Software Market, by Deployment (2022-2029)
• Cloud
• On-Premises
2 Global Property Management Software Market, by Application (2022-2029)
• Residential
• Multi-family Housing/ Apartments
• Single-family Housing
• Others
• Commercial
• Retail Spaces
• Office Spaces
• Hotels
• Others
3 Global Property Management Software Market, by End-User (2022-2029)
• Housing Associations
• Property Managers/ Agents
• Property Investors
• Others
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Property Management Software Market Key Players
1.AppFolio, Inc.
2. Buildium
3. Console
4. CoreLogic
5. Entrata, Inc.
6. MRI Software LLC
7. RealPage, Inc.
8. Yardi Systems Inc.
9. London Computer Systems
10. Property Boulevard
11. Qube Global Software
12. TOPS Software
13. Entrata
14. Hemlane, Inc.
15. Kennedy Investments, L.L.C.
16. LeaseHawk
17. Nexus Systems, LLC.
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Property Management Software Market Regional Analysis
The global Property Management Software Market's growth trend is examined in depth throughout the report. It divides the major 5 regions, such as North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa, which have global dominance in the Property Management Software market.
Key Questions answered in the Property Management Software Market Report are:
- What are the Property Management Software market segments?
- What are the global trends in the Property Management Software Market?
- What are the major challenges that the Property Management Software Market could face in the future?
- How is the intervention from regulatory authority shaping the Property Management Software Market?
- Who are the Property Management Software key players in the industry?
- What growth strategies are the players considering to increase their presence in Property Management Software Market?
- Which region held the largest Property Management Software market share in 2022?
- Which regional Property Management Software market is expected to grow rapidly during the forecast period?
Key offerings:
- A detailed Market Overview
- Market Share, Size & Forecast by Revenue | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis of segments and sub-segments
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
- Recommendations
- Key Findings
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