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Property Management Software Market By Solution, By Deployment Model, By Property Type: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 207 Pages
  • October 2022
  • Region: Global
  • Allied Market Research
  • ID: 5725267
The property management software market was valued at $2,968.4 million in 2021, and is projected to reach $4,743.7 million by 2031, registering a CAGR of 4.9% from 2022 to 2031. Property software aids landowners and property investment professionals monitor lease agreements, residents and maintenance tasks, as well as charge rent and manage finances to decrease expenses and optimize workflows.

The market for property management software is anticipated to expand significantly during the forecast period, owing to the introduction of cloud computing technologies and software-as-a-service (SaaS) systems. The market has expanded as a result of rising one platform-based dependency and the development of smart real estate infrastructure. However, the main problem impeding market growth is a lack of knowledge about the optimum software solutions. On the other hand, a rise in consumer demand for sustainable living and working conditions is anticipated to fuel the expansion of the property management software market during the forecast period.

The global property management software market research is segmented into solution, deployment model, property type, and region. By solution, the market is bifurcated into rental & tenant management, property sale & purchase solution, accounting & cash flow management software, marketing & advertising, legal & insurance consultancy, and others. By deployment model, it is divided into on-premises and cloud-based. By property type, it is segmented into residential, commercial, industrial and special-purpose.

Region wise, the property management software market trends are analyzed across North America (U. S. and Canada), Europe (UK, Germany, France, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). North America, specifically U. S. and Canada, remains a significant participant in the global solution industry. Major organizations and government institutions in the country have been actively using solutions.

Competitive analysis and profiles of the major property management software market players, such as Alibaba Cloud International, Console Australia Pty. Ltd., Entrata, Inc., IQware Inc., Microsoft Corporation, Oracle Corporation, PropertyMe Pty. Ltd., REI Master Pty. Ltd., Rockend Pty. Ltd. and TAP Co., Ltd. are provided in this report.

KEY BENEFITS FOR STAKEHOLDERS

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the property management software market analysis from 2021 to 2031 to identify the prevailing property management software market opportunities.
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The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the property management software market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
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The report includes the analysis of the regional as well as global property management software market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Solution

  • Legal and Insurance Consultancy
  • Others
  • Rental and Tenant Management
  • Property Sale and Purchase Solution
  • Accounting and Cash Flow Management Software
  • Marketing and Advertising

By Deployment Model

  • On Premises
  • Cloud Based

By Property Type

  • Residential
  • Commercial
  • Industrial
  • Special Purpose

By Region

  • North America
  • U. S.
  • Canada
  • Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa

Key Market Players

  • Alibaba Group Holding
  • Console Australia Pty. Ltd.
  • IQware Inc.
  • Microsoft Corporation
  • Oracle Corporation
  • PropertyMe Pty. Ltd.
  • REI Master Pty. Ltd.
  • Rockend Pty. Ltd.
  • TAP Co., Ltd.
  • Entrata, Inc.

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market

CHAPTER 4: PROPERTY MANAGEMENT SOFTWARE MARKET, BY SOLUTION
4.1 Overview
4.1.1 Market size and forecast
4.2 Rental and Tenant Management
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Property Sale and Purchase Solution
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Accounting and Cash Flow Management Software
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
4.5 Marketing and Advertising
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market analysis by country
4.6 Legal and Insurance Consultancy
4.6.1 Key market trends, growth factors and opportunities
4.6.2 Market size and forecast, by region
4.6.3 Market analysis by country
4.7 Others
4.7.1 Key market trends, growth factors and opportunities
4.7.2 Market size and forecast, by region
4.7.3 Market analysis by country

CHAPTER 5: PROPERTY MANAGEMENT SOFTWARE MARKET, BY DEPLOYMENT MODEL
5.1 Overview
5.1.1 Market size and forecast
5.2 On Premises
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Cloud Based
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country

CHAPTER 6: PROPERTY MANAGEMENT SOFTWARE MARKET, BY PROPERTY TYPE
6.1 Overview
6.1.1 Market size and forecast
6.2 Residential
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 Commercial
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
6.4 Industrial
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market analysis by country
6.5 Special Purpose
6.5.1 Key market trends, growth factors and opportunities
6.5.2 Market size and forecast, by region
6.5.3 Market analysis by country

CHAPTER 7: PROPERTY MANAGEMENT SOFTWARE MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Solution
7.2.3 North America Market size and forecast, by Deployment Model
7.2.4 North America Market size and forecast, by Property Type
7.2.5 North America Market size and forecast, by country
7.2.5.1 U. S.
7.2.5.1.1 Market size and forecast, by Solution
7.2.5.1.2 Market size and forecast, by Deployment Model
7.2.5.1.3 Market size and forecast, by Property Type
7.2.5.2 Canada
7.2.5.2.1 Market size and forecast, by Solution
7.2.5.2.2 Market size and forecast, by Deployment Model
7.2.5.2.3 Market size and forecast, by Property Type
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Solution
7.3.3 Europe Market size and forecast, by Deployment Model
7.3.4 Europe Market size and forecast, by Property Type
7.3.5 Europe Market size and forecast, by country
7.3.5.1 UK
7.3.5.1.1 Market size and forecast, by Solution
7.3.5.1.2 Market size and forecast, by Deployment Model
7.3.5.1.3 Market size and forecast, by Property Type
7.3.5.2 Germany
7.3.5.2.1 Market size and forecast, by Solution
7.3.5.2.2 Market size and forecast, by Deployment Model
7.3.5.2.3 Market size and forecast, by Property Type
7.3.5.3 France
7.3.5.3.1 Market size and forecast, by Solution
7.3.5.3.2 Market size and forecast, by Deployment Model
7.3.5.3.3 Market size and forecast, by Property Type
7.3.5.4 Italy
7.3.5.4.1 Market size and forecast, by Solution
7.3.5.4.2 Market size and forecast, by Deployment Model
7.3.5.4.3 Market size and forecast, by Property Type
7.3.5.5 Spain
7.3.5.5.1 Market size and forecast, by Solution
7.3.5.5.2 Market size and forecast, by Deployment Model
7.3.5.5.3 Market size and forecast, by Property Type
7.3.5.6 Rest of Europe
7.3.5.6.1 Market size and forecast, by Solution
7.3.5.6.2 Market size and forecast, by Deployment Model
7.3.5.6.3 Market size and forecast, by Property Type
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Solution
7.4.3 Asia-Pacific Market size and forecast, by Deployment Model
7.4.4 Asia-Pacific Market size and forecast, by Property Type
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 China
7.4.5.1.1 Market size and forecast, by Solution
7.4.5.1.2 Market size and forecast, by Deployment Model
7.4.5.1.3 Market size and forecast, by Property Type
7.4.5.2 Japan
7.4.5.2.1 Market size and forecast, by Solution
7.4.5.2.2 Market size and forecast, by Deployment Model
7.4.5.2.3 Market size and forecast, by Property Type
7.4.5.3 India
7.4.5.3.1 Market size and forecast, by Solution
7.4.5.3.2 Market size and forecast, by Deployment Model
7.4.5.3.3 Market size and forecast, by Property Type
7.4.5.4 Australia
7.4.5.4.1 Market size and forecast, by Solution
7.4.5.4.2 Market size and forecast, by Deployment Model
7.4.5.4.3 Market size and forecast, by Property Type
7.4.5.5 South Korea
7.4.5.5.1 Market size and forecast, by Solution
7.4.5.5.2 Market size and forecast, by Deployment Model
7.4.5.5.3 Market size and forecast, by Property Type
7.4.5.6 Rest of Asia-Pacific
7.4.5.6.1 Market size and forecast, by Solution
7.4.5.6.2 Market size and forecast, by Deployment Model
7.4.5.6.3 Market size and forecast, by Property Type
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Solution
7.5.3 LAMEA Market size and forecast, by Deployment Model
7.5.4 LAMEA Market size and forecast, by Property Type
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Latin America
7.5.5.1.1 Market size and forecast, by Solution
7.5.5.1.2 Market size and forecast, by Deployment Model
7.5.5.1.3 Market size and forecast, by Property Type
7.5.5.2 Middle East
7.5.5.2.1 Market size and forecast, by Solution
7.5.5.2.2 Market size and forecast, by Deployment Model
7.5.5.2.3 Market size and forecast, by Property Type
7.5.5.3 Africa
7.5.5.3.1 Market size and forecast, by Solution
7.5.5.3.2 Market size and forecast, by Deployment Model
7.5.5.3.3 Market size and forecast, by Property Type

CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Players
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments

CHAPTER 9: COMPANY PROFILES
9.1 Alibaba Group Holding
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Business performance
9.1.6 Key strategic moves and developments
9.2 Console Australia Pty. Ltd.
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Operating business segments
9.2.4 Product portfolio
9.2.5 Business performance
9.2.6 Key strategic moves and developments
9.3 IQware Inc.
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Operating business segments
9.3.4 Product portfolio
9.3.5 Business performance
9.3.6 Key strategic moves and developments
9.4 Microsoft Corporation
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Operating business segments
9.4.4 Product portfolio
9.4.5 Business performance
9.4.6 Key strategic moves and developments
9.5 Oracle Corporation
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Operating business segments
9.5.4 Product portfolio
9.5.5 Business performance
9.5.6 Key strategic moves and developments
9.6 PropertyMe Pty. Ltd.
9.6.1 Company overview
9.6.2 Company snapshot
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Business performance
9.6.6 Key strategic moves and developments
9.7 REI Master Pty. Ltd.
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Business performance
9.7.6 Key strategic moves and developments
9.8 Rockend Pty. Ltd.
9.8.1 Company overview
9.8.2 Company snapshot
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Business performance
9.8.6 Key strategic moves and developments
9.9 TAP Co., Ltd.
9.9.1 Company overview
9.9.2 Company snapshot
9.9.3 Operating business segments
9.9.4 Product portfolio
9.9.5 Business performance
9.9.6 Key strategic moves and developments
9.10 Entrata, Inc.
9.10.1 Company overview
9.10.2 Company snapshot
9.10.3 Operating business segments
9.10.4 Product portfolio
9.10.5 Business performance
9.10.6 Key strategic moves and developments

Executive Summary

According to this report, titled, 'Property Management Software Market,' the property management software market was valued at $3 billion in 2021, and is estimated to reach $4.7 billion by 2031, growing at a CAGR of 4.9% from 2022 to 2031.

A property management software serves as a centralized computer system for planning, coordinating, and overseeing the daily operations of an accommodation operation. Depending on the software provider, it can manage every aspect of the reservation process as well as front and back-office operations, channel management, guest communication, housekeeping, and maintenance management.

According to property management software market research analyst, the marketing & advertising and property sale & purchase solution segments collectively accounted for around 44.4% market share in 2021, with the former constituting around 26.7% share. The accounting & cash flow management software and property sale & purchase solution segments are expected to witness considerable CAGRs of 7.3% and 5.9%, respectively, during the forecast period.

The current estimation of 2031 is projected to be higher than pre-COVID-19 estimates. The COVID-19 outbreak has high impact on the growth of Property Management Software Market Analysis, as increasing number of smartphone users, growing adoption of cloud computing solution, and surging smart real estate infrastructure provide lucrative opportunities for the growth of the property management software market size. Therefore, during the forecast period, the need to manage costs in post-COVID-19 environments will undoubtedly be a significant growth driver for the use of property management software across various verticals.

COVID-19 has forced billions of organizations around the world to adopt remote work policies. Therefore, owing to factors such as creation of remote access solutions, rapid digitalization and urbanization led the investors and prominent players to discover and implement property management software to enhance their real estate return on investment and financial status. So, various key players as well as startups started utilizing lockdown situation to develop and provide tailored property management solutions for various end-use verticals such as retail, industrial and corporate along with residential.

Region wise, North America held a significant global property management software market share, due to the country's expanding hotel capacity, the U.S. currently dominates the regional market for North America. The main drivers of the growth of the property management software industry in North America are the rapid advancements in software as a service (SaaS) technology and rise in awareness for personalized property managing software. Moreover, rapid urbanization and increase in spending construction of smart real estate infrastructure to enhance the standard of living and streamline technological property care take solutions are the primary factors that drive growth of the property management software industry in Asia-Pacific and Europe.

KEY FINDINGS OF THE STUDY

By solution, in 2021, the marketing & advertising segment had the highest Property Management Software Market Share, with $792.0 million in 2021. However, the property sale & purchase solution segment is expected to witness significant CAGR of 5.9%in during Property Management Software Market Forecast.

By deployment model, the cloud-based segment was the highest revenue contributor to the market, with $2, 249.8 million in 2021. However, the on-premises segment is estimated to reach is estimated is estimated to reach $948.3 million by 2031, at a significant CAGR of 2.9% during the forecast period.

By property type, the commercial segment was the highest revenue contributor to the market, with $998.2 million in 2021. However special-purpose segment is estimated to reach $1, 171.6 million by 2031, at a significant CAGR of 4.4% during the forecast period.

Region wise, the property management software market growth was dominated by North America. However, Asia-Pacific and Europe is expected to witness significant growth rate during the forecasted period.

Key players profiled in the report include Alibaba Cloud International, Console Australia Pty. Ltd., Entrata, Inc., IQware Inc., Microsoft Corporation, Oracle Corporation, PropertyMe Pty. Ltd., REI Master Pty. Ltd., Rockend Pty. Ltd. and TAP Co., Ltd. Market players have adopted various strategies, such as product launch, collaboration & partnership, joint venture, and acquisition to expand their foothold in the Property Management Software Market.

Companies Mentioned

  • Alibaba Group Holding
  • Console Australia Pty. Ltd.
  • Iqware Inc.
  • Microsoft Corporation
  • Oracle Corporation
  • Propertyme Pty. Ltd.
  • Rei Master Pty. Ltd.
  • Rockend Pty. Ltd.
  • Tap Co. Ltd.
  • Entrata, Inc.

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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