PUBLISHER: Grand View Research | PRODUCT CODE: 1908685
PUBLISHER: Grand View Research | PRODUCT CODE: 1908685
The global property management software market size was estimated at USD 3.61 billion in 2025 and is projected to reach USD 5.89 billion by 2033, growing at a CAGR of 6.4% from 2026 to 2033. The market is anticipated to grow due to increased demand for web-based services, such as Software as a Service (SaaS).
SaaS-enabled PMS helps streamline daily tasks, such as accounting, tenant tracking, and building maintenance. It provides a single, central platform where property managers can manage tenant requests, maintenance activities, and other operational tasks. Key features include online document storage, financial reports, accounting tools, maintenance tracking, digital lease agreements, and banking integrations. Regulatory compliance is a significant aspect of property management. PMS solutions help managers comply with local, state, and federal regulations by tracking leases, organizing legal documents, and staying up-to-date on regulatory changes. This is especially important in areas with strict laws, where failure to comply can result in severe penalties. As a result, property managers are increasingly adopting software that streamlines compliance with legal requirements.
Automated PMS tools reduce human errors and help property managers assign tasks more efficiently, preventing service delays. An automatic PMS helps reduce the time taken to respond to complaints and grievances of tenants or owners. Additionally, it streamlines property management procedures by facilitating rent collection processes, reducing communication gaps, tracking finances, and storing and leasing documents and contracts, among other benefits.
Whereas, in traditional ways of property management, the data is documented manually using Notepad, Microsoft Excel, or other spreadsheets. This made the process slow, inefficient, and more likely to have errors. Landlords either had to manage everything themselves or hire third-party managers, requiring more time and labor. Thus, PMS was formed to evade human errors and streamline work through automation. The easy availability of PMS has automated and simplified the work of owners and estate managers.
Moreover, PMS solutions and digital record-keeping have significantly enhanced productivity in the hospitality industry by consolidating and centralizing information across multiple devices and computers. These systems can also be customized based on a hotel's needs to make operations easier, such as automating check-in/check-out, managing hotel inventory, handling bookings, integrating POS systems, calculating food and beverage costs, improving security and room access, and generating KPI reports.
Global Property Management Software Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the property management software market report based on deployment, solution, application, end use, and region: