The property management software global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Property Management Software Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The property management software market size has grown steadily in recent years. It will grow from $1.78 billion in 2023 to $1.86 billion in 2024 at a compound annual growth rate (CAGR) of 4.2%. The growth in the historic period can be attributed to efficiency and time savings, remote property management, financial management, tenant and lease management, compliance and regulations, user-friendly interfaces..
The property management software market size is expected to see steady growth in the next few years. It will grow to $2.24 billion in 2028 at a compound annual growth rate (CAGR) of 4.8%. The growth in the forecast period can be attributed to customer relationship management , predictive maintenance solutions, energy efficiency and sustainability, tenant portals for self-service, dynamic pricing strategies, advanced reporting and analytics.. Major trends in the forecast period include smart building integration, virtual tours and 3d visualization, cloud-based solutions dominance, globalization and multinational property management, advanced reporting and business intelligence, dynamic pricing strategies..
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Scope Of Property Management Software Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers –
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.
Market Trends –
Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.
The property management software market covered in this report 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
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Regional Insights –
North America was the largest region in the property management software market in 2023. 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, Middle East, Africa
Key Companies –
Major companies operating in the property management software market report are AppFolio Inc., Console Australia Pty Ltd., CoreLogic Inc., Entrata Inc., InnQuest Software Corporation, IQware Inc., RealPage Inc., Yardi Systems Inc., Building Engines Inc., Innago LLC, Spacewell International NV, ManageCasa Inc., Planon Corporation, Jones Lang LaSalle IP Inc., Tenant Cloud LLC, Rent Manager-London Computer Systems Inc., ResMan LLC, Total Management Inc., SS&C Technologies Inc., RentPost Inc., PropertyZar LLC, Archibus Inc., MRI Software LLC, International Business Machines Corporation, SAP SE, MAISONETTE Inc., DoorLoop Inc., CondoControl Inc., Hemlane Inc., SFR software solutions Co. Ltd.
Table of Contents
1. Executive Summary
2. Property Management Software Market Report Structure
3. Property Management Software Market Trends And Strategies
4. Property Management Software Market – Macro Economic Scenario
5. Global Property Management Software Market Size and Growth
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31. Global Property Management Software Market Competitive Benchmarking
32. Global Property Management Software Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Property Management Software Market
34. Property Management Software Market Future Outlook and Potential Analysis
35. Appendix
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