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PUBLISHER: Grand View Research | PRODUCT CODE: 1362940
PUBLISHER: Grand View Research | PRODUCT CODE: 1362940
Property Management Software Market Size, Share & Trends Analysis Report By Deployment (Cloud, On-premise), By Solution (Software, Services), By Application (Residential, Commercial), By End-user, By Region, And Segment Forecasts, 2023 - 2030
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PAGES: 150 Pages
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Property Management Software Market Growth & Trends:
The global property management software market size is anticipated to reach USD 8,041.0 million by 2030, expanding at a CAGR of 8.1% from 2023 to 2030, according to a new report by Grand View Research, Inc.. The increasing inclination of property managers and owners for scalability is anticipated to boost market growth. Also, factors such as the need to preserve documents related to property coupled with rising infrastructure development for smooth functioning are anticipated to be one of the key growth boosters.
The demand for Property Management Software (PMS) has increased in the last few years for residential suites and hotels. Availability of virtual storage and internet bandwidth are a few of the key factors boosting the demand in the residential sector and hotel industry. Additionally, the PMS in the residential suites has developed into a tactical position due to advancements in information and communications technology. Henceforth, automation serves a broad array of PMS functions, including notices, leases, vacancies, circulars, and invoice preparation, for the residential sector. PMS eliminates repetitive tasks, enables better communication, and standardizes hotel management.
Escalating demand for outsourcing services is another key factor positively impacting growth. In the last few years, various market players have been aiming to provide advanced PMS solutions such as AR-based and cloud-based solutions that are quite tough to be managed internally, as it involves a huge expenditure for recruiting a technically developed workforce and expending on their training for the software. Numerous businesses outsource these services to property management software providers to overcome these challenges. Moreover, an increase in outsourcing activities in Asian countries such as India and the Philippines from the Middle East and Western countries appears to significantly contribute to regional market growth.
Property Management Software Market Report Highlights:
- The market for property management software is anticipated to witness substantial growth during the forecast period owing to the increasing investments in real estate and the rise in the demand for transparency in property management
- The cloud segment accounted for the largest market share in 2022, owing to factors such as scalability, cost-effectiveness, ease of use, and immediate access to the latest information with real-time data update
- The software segment accounted for the largest market share in 2022, owing to factors such as accelerated digital transformation, driven by the COVID-19 pandemic, prompting property management businesses to streamline operations, enhance tenant experiences, and achieve operational excellence through robust software platforms
- The property managers/ agents segment accounted for the largest market share in 2022, owing to a rising number of real estate and commercial property developments across the globe
- The commercial segment is expected to register highest growth over the forecast period. Rising demand for PMS solutions for commercial applications such as retail spaces, office spaces, hotels, entertainment venues, and data centers & co-location facilities, among others, to enhance operational efficiency and tenant satisfaction are the key factors expected to fuel investments in the commercial sector
- The North America market accounted for the largest market share in 2022, owing to the presence of prominent players offering property management software solutions/services in the region
- Some of the prominent market players in the market include AppFolio, Inc., Console Australia Pty Ltd, CoreLogic, Entrata, Inc., RealPage, Inc., MRI Software LLC, and Yardi Systems Inc., among others
Product Code: GVR-4-68039-053-5
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definitions
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Summary
- 2.2. Market Snapshot
- 2.3. Segmental Snapshot
- 2.4. Competitive Landscape Snapshot
Chapter 3. Market Variable, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.2. Property Management Software Market - Value Chain Analysis
- 3.3. Property Management Software Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.1.1. Surging demand of web-based services such as Software as a Service (SaaS) that aids PMS to manage daily operations
- 3.3.1.2. Rising need for better consumer handling & support and expansion of customer base
- 3.3.2. Market Opportunity Analysis
- 3.3.2.1. Penetration of advanced technologies to promote full automation in PMS solutions
- 3.3.2.2. Increasing public and private investments in the real estate sector
- 3.3.3. Market Challenge Analysis
- 3.3.3.1. Challenges associated to physical damage, tenant, administration and market risks
- 3.3.3.2. Moderate to high initial investment
- 3.3.1. Market Driver Analysis
- 3.4. Property Management Software Market Industry Analysis - Porter's
- 3.4.1. Supplier Power
- 3.4.2. Buyer Power
- 3.4.3. Substitution Threat
- 3.4.4. Threat of New Entrants
- 3.4.5. Competitive Rivalry
- 3.5. Property Management Software Market Industry Analysis - PESTEL
- 3.5.1. Political Landscape
- 3.5.2. Economic Landscape
- 3.5.3. Social Landscape
- 3.5.4. Technology Landscape
- 3.5.5. Environmental Landscape
- 3.5.6. Legal Landscape
- 3.6. Impact of COVID-19 on Property Management Software Market
Chapter 4. Property Management Software Market: Deployment Estimates & Trend Analysis
- 4.1. Property Management Software Market: Deployment Analysis
- 4.1.1. Cloud
- 4.1.2. On-Premises
Chapter 5. Property Management Software Market: Solution Estimates & Trend Analysis
- 5.1. Property Management Software Market: Solution Analysis
- 5.1.1. Software
- 5.1.1.1. Rental Listings Management
- 5.1.1.2. Applicant Management
- 5.1.1.3. Reporting & Analytics
- 5.1.1.4. Maintenance Activities Management
- 5.1.1.5. Others
- 5.1.2. Services
- 5.1.2.1. Professional Services
- 5.1.2.2. Managed Services
- 5.1.1. Software
Chapter 6. Property Management Software Market: Application Estimates & Trend Analysis
- 6.1. Property Management Software Market: Application Analysis
- 6.1.1. Residential
- 6.1.1.1. Multi-family Housing/Apartments
- 6.1.1.2. Single-family Housing
- 6.1.1.3. Others
- 6.1.2. Commercial
- 6.1.2.1. Retail Spaces
- 6.1.2.2. Office Spaces
- 6.1.2.3. Hotels
- 6.1.2.4. Others
- 6.1.1. Residential
Chapter 7. Property Management Software Market: End-User Estimates & Trend Analysis
- 7.1. Property Management Software Market: End-User Analysis
- 7.1.1. Housing Associations
- 7.1.2. Property Managers/Agents
- 7.1.3. Property Investors
- 7.1.4. Others
Chapter 8. Property Management Software Market: Regional Estimates & Trend Analysis
- 8.1. Property Management Software Market Share By Region, 2022 & 2030
- 8.2. North America
- 8.2.1. U.S.
- 8.2.2. Canada
- 8.3. Europe
- 8.3.1. U.K.
- 8.3.2. Germany
- 8.3.3. France
- 8.3.4. Spain
- 8.4. Asia Pacific
- 8.4.1. China
- 8.4.2. India
- 8.4.3. Japan
- 8.5. Latin America
- 8.5.1. Brazil
- 8.5.2. Mexico
- 8.6. Middle East & Africa
Chapter 9. Property Management Software Market Competitive Landscape
- 9.1. Key Market Participants
- 9.1.1. AppFolio, Inc.
- 9.1.2. CoreLogic
- 9.1.3. Console Australia Pty Ltd
- 9.1.4. Entrata, Inc.
- 9.1.5. InnQuest Software
- 9.1.6. IQware Inc.
- 9.1.7. MRI Software LLC
- 9.1.8. RealPage, Inc.
- 9.1.9. REI Master
- 9.1.10. Yardi Systems Inc.
- 9.1.11. Zillow Group, Inc.
- 9.1.12. ManageCasa
- 9.2. Key Company Market Share Analysis, 2022
- 9.3. Company Categorization
- 9.4. Strategic Mapping
- 9.4.1. Expansion
- 9.4.2. Mergers & Acquisition
- 9.4.3. Partnerships & Collaborations
- 9.4.4. Product/service launch
- 9.4.5. Others
Product Code: GVR-4-68039-053-5
List of Tables
- Table 1 Global Property Management Software market revenue estimates and forecast, by deployment, 2017 - 2030 (USD Million)
- Table 2 Global Property Management Software market revenue estimates and forecast, by solution, 2017 - 2030 (USD Million)
- Table 3 Global Property Management Software market revenue estimates and forecast, by software, 2017 - 2030 (USD Million)
- Table 4 Global Property Management Software market revenue estimates and forecast, by services, 2017 - 2030 (USD Million)
- Table 6 Global Property Management Software market revenue estimates and forecast, by application, 2017 - 2030 (USD Million)
- Table 7 Global Property Management Software market revenue estimates and forecast, by commercial, 2017 - 2030 (USD Million)
- Table 8 Global Property Management Software market revenue estimates and forecast, by residential, 2017 - 2030 (USD Million)
- Table 9 Global Property Management Software market revenue estimates and forecast, by end - user, 2017 - 2030 (USD Million)
- Table 10 Global Property Management Software market revenue estimates and forecast, by region, 2017 - 2030 (USD Million)
- Table 11 Participant's Overview
- Table 12 Financial Performance
- Table 13 Product Benchmarking
- Table 14 Key companies undergoing expansion
- Table 15 Key companies involved in mergers & acquisitions
- Table 16 Key companies undertaking partnerships and collaboration
List of Figures
- Fig. 1 Property Management Software market segmentation
- Fig. 2 Information procurement
- Fig. 3 Data analysis models
- Fig. 4 Market formulation and validation
- Fig. 5 Data validating & publishing
- Fig. 6 Market snapshot
- Fig. 7 Segment snapshot, by Deployment and Solution
- Fig. 8 Segment snapshot by Application and End-User
- Fig. 9 Competitive landscape snapshot
- Fig. 10 Property Management Software market value, 2017-2030 (USD Million)
- Fig. 11 Property Management Software market - Industry value chain analysis
- Fig. 12 Property Management Software market - Market trends
- Fig. 13 Property Management Software market: Porter's analysis
- Fig. 14 Property Management Software market: PESTEL analysis
- Fig. 15 Property Management Software market, by Deployment: Key takeaways
- Fig. 16 Property Management Software market, by Deployment: Market share, 2022 & 2030
- Fig. 17 Cloud Property Management Software market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 18 On-premise Property Management Software market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 19 Property Management Software market, by Solution: Key takeaways
- Fig. 20 Property Management Software market, by Solution: Market share, 2022 & 2030
- Fig. 21 Software Property Management Software market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 22 Rental Listings Management Property Management Software market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 23 Applicant Management Property Management Software market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 24 Reporting & Analytics Property Management Software market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 25 Maintenance Activities Management Property Management Software market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 26 Others Property Management Software market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 27 Services Property Management Software market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 28 Professional services Property Management Software market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 29 Managed services Property Management Software market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 30 Property Management Software market, by Application: Key takeaways
- Fig. 31 Property Management Software market, by Application: Market share, 2022 & 2030
- Fig. 32 Commercial Property Management Software market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 33 Retail Spaces Property Management Software market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 34 Office Spaces Property Management Software market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 35 Hotels Property Management Software market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 36 Others Property Management Software market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 37 Residential Property Management Software market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 38 Multi-family Housing/ Apartments Property Management Software market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 39 Single-family Housing Property Management Software market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 40 Others Property Management Software market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 41 Property Management Software market, by End-User: Key takeaways
- Fig. 42 Property Management Software market, by End-User: Market share, 2022 & 2030
- Fig. 43 Housing Associations Property Management Software market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 44 Property Managers/ Agents Property Management Software market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 45 Property Investors Property Management Software market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 46 Others Property Management Software market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 47 Global Property Management Software market revenue, by region, 2022 & 2030 (USD Million)
- Fig. 48 North America Property Management Software market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 49 U.S. Property Management Software market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 50 Canada Property Management Software market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 51 Europe Property Management Software market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 52 U.K. Property Management Software market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 53 Germany Property Management Software market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 54 France Property Management Software market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 55 Spain Property Management Software market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 56 Asia Pacific Property Management Software market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 57 China Property Management Software market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 58 India Property Management Software market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 59 Japan Property Management Software market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 60 Latin America Property Management Software market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 61 Brazil Property Management Software market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 62 Mexico Property Management Software market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 63 Middle East & Africa Property Management Software market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 64 Key company categorization
- Fig. 65 Property Management Software market - Key company market share analysis, 2022
- Fig. 66 Strategic framework
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