Skip to main content

Property Management Software Market: Emerging Industry Trends & Global Future Forecasts

According to a new market report published by Transparency Market Research, the global property management software market is expected to reach a value of US$ 1,838.5 Mn by 2026 on account of the high rate of property development across the world. The market is projected to expand at a CAGR of 7.2% during the forecast period from 2018 to 2026. North America is anticipated to be a rapidly expanding region of the market, followed by Europe and Asia Pacific during the forecast period. In terms of application, the residential segment is anticipated to offer prominent opportunities, owing to increasing infrastructure development and government initiatives across the globe.
property-management-software-market.jpg
Rise in Infrastructure Development across the World is driving the Adoption of Property Management Software
Rise in infrastructure developments across the world is fuelling demand for real-time access to property information. Construction or development of multi dwelling units (MDUs) is increasing around the globe, primarily due to the rising cost of infrastructure. In addition, rising emphasis of property managers and owners on scalability, cost-efficiency, and time savings is contributing to the expansion of the property management software market. Additionally, property owners and managers are emphasizing on collecting and maintaining property information for enhanced data administration and accessibility with the help of centralized property management software.
Property Management Software: Scope of the Report
The property management software market can be segmented based on component, end- user, application, and region. According to the research, the cloud-based software segment is expected to dominate the market due to rise in penetration of various cloud-based technologies across the world. Cloud-based technologies are in high demand due to ease of accessibility to the database, efficient management of properties, and authenticity and consistency offered by these solutions in their data content. The dominance of this segment is mainly associated with rising adoption of property management software for online or remote accessibility of tenant management and maintenance among other property management operations. Residential properties are adopting property management software for looking after tenant placement, maintenance and repairs, and the ongoing administration of properties. In terms of application, the residential segment held a market share of 54.8% in 2018. This is mainly due to rise in residential infrastructure developments such as affordable housing and multi-family units around the globe. The commercial segment is expected to expand at a significant rate during the forecast period. The rising focus of businesses on cost reduction and improvement of operations across applications is expected to contribute to the expansion of the property management software market.
North America holds a strong position in the global property management software market, with a substantial market share in 2018. This is due to strong adoption of property management software solutions across the region. In addition, increasing use of property management software across business operations is expected to supplement the expansion of the market. Demand for property management software is rising in Europe, Asia Pacific, and Middle East & Africa (MEA), owing to factors such as rising MDU units and adoption of software for easy control and maintenance of property management operations. The market in Asia Pacific (APAC) and Middle East & Africa is expected to expand at a significant rate during the forecast period on account of new opportunities.
Global Property Management Software Market: Competitive Dynamics
The research study includes profiles of leading companies operating in the global property management software market. Key players profiled in the property management software market include Yardi Systems, Inc., AppFolio, Inc., Buildium, LLC, MRI Software, LLC, CoreLogic, ResMan, Entrata, Inc., Maintenance Connection, Property Boulevard, Rentec Direct, Chetu Inc., PropertyBoss Solutions. Rockend Pty. Ltd., Re-Leased Software Company Ltd, Rosmiman Software Corporation, Skyline Property Management,, Qube Global Software, and Rentec Direct.

Comments

Post a Comment

Popular posts from this blog

Global Thin Wafer Processing and Dicing Equipment Market - A cutting-edge technology, industry survey and new business opportunities 2024

Global Thin Wafer Processing and Dicing Equipment Market: Overview Rising demand for three dimensional integrated circuit used extensively across various miniature semiconductor devices is one of the important factor anticipated to boost the demand for thin wafer processing and dicing equipment in the coming years. Three dimensional integrated circuit are increasingly adopted across various space constrained applications including portable consumer electronic devices, sensors, MEMS and industrial products as it increases the overall performance of the products in terms of speed, durability, low power consumption, light weight and memory. Moreover, three dimensional integrated circuit also helps to reduce the area of consumption in a printed circuit board and in turn enables extensive cost reduction. Thin wafer of thickness 20 um – 50 um is an integral part of the three dimensional integrated circuit technology. Thus, anticipated increasing demand for three dimensional integra...
1 comment
Read more

Data Science Platform Market Set to Witness Significant Growth in the Coming Years

Data Science Platform Market: Overview Big data, advance analytics and predictive modeling are now becoming indispensable part of business houses, who are striving to optimize decision-making and deliver value to customers. With rise in enormous data generated in various digital platforms and corresponding increase in use of various data analytics tool the phrase “data science platform” has been tossed around about a lot recently. Data science platforms are supposed to be an arena where plethora of various data scientists works are collected. In colloquial term, data science platform terms defines that it provides various algorithm integrated with analytical tools that help data analyst to cluster and explore data from varied sources, and further design and implement models. These models sought from data science platform helps in framing decisions and strategies. Data science platform assist wide array of various suite of tools that is being introduced subsequently implemented ...
Post a Comment
Read more

Harbor Management System Market: Market Scope and Size by Application

Harbor management software assists in maintaining the safety and security of vessels. Certain type of this harbor management software has a facility wherein it can trace vessels near the harbor within a specific range. The vessels can be viewed through graphics. This helps harbor managers in identifying if a vessel is in the wrong location or if the vessel’s location information is incorrect. Harbor management software assists in maintaining the safety and security of vessels. Certain type of this harbor management software has a facility wherein it can trace vessels near the harbor within a specific range. The vessels can be viewed through graphics. This helps harbor managers in identifying if a vessel is in the wrong location or if the vessel’s location information is incorrect. Through the graphical overview, harbor managers can also recognize if the vessels are moving toward each other, which can lead to a collision and can alert the vessels to divert their route a bit from t...
Post a Comment
Read more