PUBLISHER: IMARC | PRODUCT CODE: 1370344
PUBLISHER: IMARC | PRODUCT CODE: 1370344
Property Management Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Abstract
Market Overview 2023-2028:
The global property management software market size reached US$ 2.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.3 Billion by 2028, exhibiting a growth rate (CAGR) of 5.3% during 2023-2028.
Property management software (PMS) refers to an application-based solution used by property managers to automate back-office, financial and administrative operations. It performs various functions, such as financial reporting, generating electronic agreements, storing and sharing documents online and integrated banking. It also aids in minimizing the manual labor required for collecting rents and scheduling maintenance and repair activities and the tracking of tenants and leaseholders. This enables the managers, owners and operators to simplify and automate the tasks associated with managing the properties. Owing to this, it is widely used for handling residential and commercial properties.
Property Management Software Market Trends:
Significant expansion in the real estate sector, along with increasing automation across industries, is one of the key factors creating a positive outlook for the property management software market. PMS offers a highly reliable, user-friendly and secure platform to the realtors that minimizes the risks of human error and enables the property managers to assign and delegate tasks effectively. Additionally, various technological advancements, such as integration with artificial intelligence (AI), machine learning (ML), virtual reality (VR) and cloud-computing solutions, are acting as other growth-inducing factors. These solutions provide a transparent and centralized platform for storing e-documents, maintaining tenant communications through messages and emails and facilitating online rent payment. Other factors, including rising infrastructural developments and widespread adoption of software-as-a-service (SaaS)-based business models, along with increasing expenditure capacities of the consumers, are projected to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global property management software market report, along with forecasts at the global, regional and country levels from 2023-2028. Our report has categorized the market based on component and application.
Breakup by Component:
Software
On-Premises
Cloud-Based
Services
System Integration
Training and Support
Consulting
Breakup by Application:
Non-Residential
Retail Spaces
Office Spaces
Hotels
Others
Residential
Multi-Family Housing
Single-Family Housing
Others
Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Accruent LLC (Fortive Corporation), Appfolio Inc., Chetu Inc., Console Australia Pty Ltd, Corelogic Inc., London Computer Systems Inc., MRI Software LLC, Oracle Corporation, Realpage Inc., Resman LLC, Yardi Systems Inc., etc.
Key Questions Answered in This Report:
- How has the global property management software market performed so far and how will it perform in the coming years?
- What are the key regional markets?
- What has been the impact of COVID-19 on the global property management software market?
- What is the breakup of the market based on the component?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global property management software market and who are the key players?
- What is the degree of competition in the industry?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Property Management Software Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Component
- 6.1 Software
- 6.1.1 Market Trends
- 6.1.2 Deployment Types
- 6.1.2.1 On-Premises
- 6.1.2.2 Cloud-Based
- 6.1.3 Market Forecast
- 6.2 Services
- 6.2.1 Market Trends
- 6.2.2 Major Types
- 6.2.2.1 System Integration
- 6.2.2.2 Training and Support
- 6.2.2.3 Consulting
- 6.2.3 Market Forecast
7 Market Breakup by Application
- 7.1 Non-Residential
- 7.1.1 Market Trends
- 7.1.2 Major Types
- 7.1.2.1 Retail Spaces
- 7.1.2.2 Office Spaces
- 7.1.2.3 Hotels
- 7.1.2.4 Others
- 7.1.3 Market Forecast
- 7.2 Residential
- 7.2.1 Market Trends
- 7.2.2 Major Types
- 7.2.2.1 Multi-Family Housing
- 7.2.2.2 Single-Family Housing
- 7.2.2.3 Others
- 7.2.3 Market Forecast
8 Market Breakup by Region
- 8.1 North America
- 8.1.1 United States
- 8.1.1.1 Market Trends
- 8.1.1.2 Market Forecast
- 8.1.2 Canada
- 8.1.2.1 Market Trends
- 8.1.2.2 Market Forecast
- 8.1.1 United States
- 8.2 Asia Pacific
- 8.2.1 China
- 8.2.1.1 Market Trends
- 8.2.1.2 Market Forecast
- 8.2.2 Japan
- 8.2.2.1 Market Trends
- 8.2.2.2 Market Forecast
- 8.2.3 India
- 8.2.3.1 Market Trends
- 8.2.3.2 Market Forecast
- 8.2.4 South Korea
- 8.2.4.1 Market Trends
- 8.2.4.2 Market Forecast
- 8.2.5 Australia
- 8.2.5.1 Market Trends
- 8.2.5.2 Market Forecast
- 8.2.6 Indonesia
- 8.2.6.1 Market Trends
- 8.2.6.2 Market Forecast
- 8.2.7 Others
- 8.2.7.1 Market Trends
- 8.2.7.2 Market Forecast
- 8.2.1 China
- 8.3 Europe
- 8.3.1 Germany
- 8.3.1.1 Market Trends
- 8.3.1.2 Market Forecast
- 8.3.2 France
- 8.3.2.1 Market Trends
- 8.3.2.2 Market Forecast
- 8.3.3 United Kingdom
- 8.3.3.1 Market Trends
- 8.3.3.2 Market Forecast
- 8.3.4 Italy
- 8.3.4.1 Market Trends
- 8.3.4.2 Market Forecast
- 8.3.5 Spain
- 8.3.5.1 Market Trends
- 8.3.5.2 Market Forecast
- 8.3.6 Russia
- 8.3.6.1 Market Trends
- 8.3.6.2 Market Forecast
- 8.3.7 Others
- 8.3.7.1 Market Trends
- 8.3.7.2 Market Forecast
- 8.3.1 Germany
- 8.4 Latin America
- 8.4.1 Brazil
- 8.4.1.1 Market Trends
- 8.4.1.2 Market Forecast
- 8.4.2 Mexico
- 8.4.2.1 Market Trends
- 8.4.2.2 Market Forecast
- 8.4.3 Others
- 8.4.3.1 Market Trends
- 8.4.3.2 Market Forecast
- 8.4.1 Brazil
- 8.5 Middle East and Africa
- 8.5.1 Market Trends
- 8.5.2 Market Breakup by Country
- 8.5.3 Market Forecast
9 SWOT Analysis
- 9.1 Overview
- 9.2 Strengths
- 9.3 Weaknesses
- 9.4 Opportunities
- 9.5 Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
- 11.1 Overview
- 11.2 Bargaining Power of Buyers
- 11.3 Bargaining Power of Suppliers
- 11.4 Degree of Competition
- 11.5 Threat of New Entrants
- 11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
- 13.1 Market Structure
- 13.2 Key Players
- 13.3 Profiles of Key Players
- 13.3.1 Accruent LLC (Fortive Corporation)
- 13.3.1.1 Company Overview
- 13.3.1.2 Product Portfolio
- 13.3.2 Appfolio Inc.
- 13.3.2.1 Company Overview
- 13.3.2.2 Product Portfolio
- 13.3.2.3 Financials
- 13.3.3 Chetu Inc.
- 13.3.3.1 Company Overview
- 13.3.3.2 Product Portfolio
- 13.3.4 Console Australia Pty Ltd
- 13.3.4.1 Company Overview
- 13.3.4.2 Product Portfolio
- 13.3.5 Corelogic Inc.
- 13.3.5.1 Company Overview
- 13.3.5.2 Product Portfolio
- 13.3.5.3 Financials
- 13.3.5.4 SWOT Analysis
- 13.3.6 London Computer Systems Inc.
- 13.3.6.1 Company Overview
- 13.3.6.2 Product Portfolio
- 13.3.7 MRI Software LLC
- 13.3.7.1 Company Overview
- 13.3.7.2 Product Portfolio
- 13.3.8 Oracle Corporation
- 13.3.8.1 Company Overview
- 13.3.8.2 Product Portfolio
- 13.3.8.3 Financials
- 13.3.8.4 SWOT Analysis
- 13.3.9 Realpage Inc.
- 13.3.9.1 Company Overview
- 13.3.9.2 Product Portfolio
- 13.3.9.3 Financials
- 13.3.10 Resman LLC
- 13.3.10.1 Company Overview
- 13.3.10.2 Product Portfolio
- 13.3.11 Yardi Systems Inc.
- 13.3.11.1 Company Overview
- 13.3.11.2 Product Portfolio
- 13.3.1 Accruent LLC (Fortive Corporation)
List of Figures
- Figure 1: Global: Property Management Software Market: Major Drivers and Challenges
- Figure 2: Global: Property Management Software Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Property Management Software Market: Breakup by Component (in %), 2022
- Figure 4: Global: Property Management Software Market: Breakup by Application (in %), 2022
- Figure 5: Global: Property Management Software Market: Breakup by Region (in %), 2022
- Figure 6: Global: Property Management Software Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 7: Global: Property Management Software (Software) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 8: Global: Property Management Software (Software) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 9: Global: Property Management Software (Services) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 10: Global: Property Management Software (Services) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 11: Global: Property Management Software (Non-Residential) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 12: Global: Property Management Software (Non-Residential) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 13: Global: Property Management Software (Residential) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 14: Global: Property Management Software (Residential) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 15: North America: Property Management Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 16: North America: Property Management Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 17: United States: Property Management Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 18: United States: Property Management Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 19: Canada: Property Management Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 20: Canada: Property Management Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 21: Asia Pacific: Property Management Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 22: Asia Pacific: Property Management Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 23: China: Property Management Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 24: China: Property Management Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 25: Japan: Property Management Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 26: Japan: Property Management Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 27: India: Property Management Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 28: India: Property Management Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 29: South Korea: Property Management Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 30: South Korea: Property Management Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 31: Australia: Property Management Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 32: Australia: Property Management Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 33: Indonesia: Property Management Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 34: Indonesia: Property Management Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 35: Others: Property Management Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 36: Others: Property Management Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 37: Europe: Property Management Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 38: Europe: Property Management Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 39: Germany: Property Management Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 40: Germany: Property Management Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 41: France: Property Management Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 42: France: Property Management Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 43: United Kingdom: Property Management Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 44: United Kingdom: Property Management Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 45: Italy: Property Management Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 46: Italy: Property Management Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 47: Spain: Property Management Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 48: Spain: Property Management Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 49: Russia: Property Management Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 50: Russia: Property Management Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 51: Others: Property Management Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 52: Others: Property Management Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 53: Latin America: Property Management Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 54: Latin America: Property Management Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 55: Brazil: Property Management Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 56: Brazil: Property Management Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 57: Mexico: Property Management Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 58: Mexico: Property Management Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 59: Others: Property Management Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 60: Others: Property Management Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 61: Middle East and Africa: Property Management Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 62: Middle East and Africa: Property Management Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 63: Global: Property Management Software Industry: SWOT Analysis
- Figure 64: Global: Property Management Software Industry: Value Chain Analysis
- Figure 65: Global: Property Management Software Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Property Management Software Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Property Management Software Market Forecast: Breakup by Component (in Million US$), 2023-2028
- Table 3: Global: Property Management Software Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 4: Global: Property Management Software Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 5: Global: Property Management Software Market Structure
- Table 6: Global: Property Management Software Market: Key Players
