Global Property Management Software is anticipated to grow at a robust pace during the forecast period, 2024-2028 owing to an increase in demand for Property Management Software (PMS) because of growing demand for web-based services such as Software as a Service (SaaS) from property management softw
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The market for Property Management Software (PMS) is predicted to have an incremental increase due to rising demand for web-based services such as Software as a Service (SaaS) from property management software providers. A SaaS-enabled PMS aids in the management of everyday activities such as tenant and lease tracking, building maintenance, and accounting, among other things. The program provides a single platform for viewing all properties as well as oversight of other property-related activities such as maintenance duties and tenant needs.
Surge in digitalization adoption, as well as reliance on Software-as-a-Service (SaaS) platforms
The increased acceptance of digitalization and dependence on software-as-a-service will drive the global property management software market. The increased use of artificial intelligence (AI) and machine learning technologies in property management allows for the monitoring of real-time information on inhabitants and location. AI-powered property management software gives users with realistic appraisals and important information. In the property management sector, augmented reality (AR) and virtual reality (VR) technology provide purchasers with a virtual tour of different homes to enhance their experience. This is helping to increase the use of property management software in the real estate business. which is expected to support market growth over the course of the projection period.Property Management Task Streamlining and Real Estate Investment Management to Drive Global Market
Property management entails overseeing and directing operations on the property. Individuals with personal property or property managers can remotely manage the property, monitoring everyday activities such as reporting, accounting, lease tracking, repairs, planning, and sales. Property managers and owners enjoy utilizing property management software because of the transparency it provides. The program can easily manage and govern all types and sizes of properties. Legal executives are frequently provided by property management suppliers to handle legal processes. This is especially important when managing remote assets. Furthermore, property owners and managers are stressing the collection and maintenance of property information to improve data administration and accessibility using centralized property management software. During the forecast period, this is projected to fuel demand for real estate property management software.Market Segmentation
Global Property Management Software is segmented on the basis of solution, deployment model and end user. Based on solution, the market is further segmented into rental and tenant management, property sale and purchase solution, marketing and advertising, and accounting and cash flow management software. Based on deployment model, the market is further bifurcated into on cloud and on premises. Based on end user, the market is further segmented into industrial, commercial and residential.Market Players
Major market players in the Global Property Management Software Market are Entrata, Inc, Alibaba Cloud International, Microsoft Corporation, Console Australia Pty. Ltd, Oracle Corporation, PropertyMe Pty. Ltd, REI Master Pty.Ltd, Telenet Systems Pvt. Ltd, Telrad Networks Ltd, IQware Inc.Report Scope
In this report, the Global Property Management Software has been segmented into the following categories, in addition to the industry trends which have also been detailed below:Property Management Software Market, by Solution:
- Rental and Tenant Management
- Property Sale and Purchase Solution
- Marketing and Advertising
- Legal and Insurance Consultancy
- Accounting and Cash Flow Management Software
Property Management Software Market, by Deployment model:
- On Cloud
- On Premises
Property Management Software Market, by End User:
- Industrial
- Commercial
- Residential
Property Management Software Market, by Region:
- North America
- Asia-Pacific
- Europe
- South America
- Middle East & Africa
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global Property Management Software.Available Customizations
The following customization options are available for the report:- Detailed analysis and profiling of additional market players (up to five).
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Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Entrata, Inc.
- Alibaba Cloud International
- Microsoft Corporation
- Console Australia Pty. Ltd.
- Oracle Corporation
- REI Master Pty.Ltd.
- PropertyMe Pty. Ltd.
- Telenet Systems Pvt. Ltd.
- Telrad Networks Ltd.
- IQware Inc.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 190 |
Published | September 2023 |
Forecast Period | 2022 - 2028 |
Estimated Market Value ( USD | $ 23.06 Billion |
Forecasted Market Value ( USD | $ 32.05 Billion |
Compound Annual Growth Rate | 5.6% |
Regions Covered | Global |