PUBLISHER: The Business Research Company | PRODUCT CODE: 1522241
PUBLISHER: The Business Research Company | PRODUCT CODE: 1522241
Land management software encompasses specialized digital tools and platforms crafted to aid organizations, governments, and individuals in effectively managing, analyzing, and optimizing land resources. Typically, this software includes features for mapping and surveying, property and asset management, environmental monitoring, compliance tracking, and data analysis.
The main product types of land management software are web-based and on-premise. Web-based land management software is hosted on remote servers and accessed through the internet using a web browser. These solutions find applications in various sectors such as residential, commercial, and are utilized by diverse end-users including government agencies, real estate firms, oil and gas companies, among others.
The land management software market research report is one of a series of new reports from The Business Research Company that provides land management software market statistics, including land management software industry global market size, regional shares, competitors with a land management software market share, detailed land management software market segments, market trends and opportunities, and any further data you may need to thrive in the land management software industry. This land management software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The land management software market size has grown strongly in recent years. It will grow from $1.85 billion in 2023 to $2.00 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The growth during the historic period can be attributed to the rise of advanced technological infrastructure, increased adoption of digital solutions in real estate and land-related activities, developments in the real estate and urban development sectors, growing demand for sophisticated land management software, and the implementation of stringent environmental regulations.
The land management software market size is expected to see strong growth in the next few years. It will grow to $2.73 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to the increasing demand for innovative software solutions, the growing necessity for effective land administration, and the rising adoption of digital solutions to enhance compliance and productivity. Major trends expected during the forecast period include the integration of advanced geospatial intelligence, technological breakthroughs such as AI-powered analytics, the increasing integration of GIS, cutting-edge software development, and benchmarks in software development.
The increasing adoption of digital solutions to enhance compliance and productivity is poised to drive the expansion of the land management software market in the future. Digital solutions, which leverage technology to address specific challenges and improve efficiency, accuracy, and user experiences, encompass software, hardware, or hybrid solutions. The growing utilization of digital solutions necessitates heightened efficiency, accuracy improvement, cost reduction, process streamlining, real-time data accessibility, and the provision of scalable and adaptable tools. Within this framework, digital solutions utilize land management software to streamline and optimize land resource planning, development, and maintenance. This is achieved through the integration of data analysis, geographic information systems (GIS), and automated workflows to bolster decision-making and operational efficiency. For instance, data from Augusta Free Press in December 2022 indicated that global spending on digital transformation reached approximately $1.85 trillion, marking a 16% increase from the previous year, underscoring the uptrend in digital solution adoption. Consequently, the mounting use of digital solutions to enhance compliance and productivity serves as a catalyst for the growth of the land management software market.
Key players in the land management software market are directed towards developing marketplace platforms, including integrations for property management software, to streamline the presentation design process, thereby facilitating quicker and more efficient user experiences. These marketplace platforms serve as digital ecosystems connecting property managers, landlords, and tenants with a range of property management tools and services. For example, in June 2022, AppFolio Inc., a US-based software company, introduced the AppFolio Stack Marketplace, a platform aimed at modernizing integrations for property management software. This platform is designed to offer specialized solutions enabling property managers to effectively manage complex portfolios and operate their businesses from a centralized hub. Through the integration of various solutions, property managers can enhance productivity, streamline workflows, and elevate resident experiences.
In September 2022, Guesty, an Israel-based provider of property management software, completed the acquisition of Kigo and HiRUM Software Solutions for an undisclosed sum. This strategic move by Guesty involves the consolidation of teams, expansion of global presence, reinforcement of research and development efforts, and enhancement of product offerings. The acquisition aligns with Guesty's growth strategy of penetrating new markets and delivering a comprehensive solution for property managers and hospitality professionals worldwide. Kigo, headquartered in Spain, specializes in cloud-based property management software for short-term vacation rentals, while HiRUM Software Solutions, based in Australia, focuses on property management software.
Major companies operating in the land management software market are CBRE Group Inc., Jones Lang LaSalle Incorporated, Cushman & Wakefield Inc., Borealis AG, Colliers International Group Inc., Essex Property Trust Inc., Stream Realty Partners LP, Kidder Mathews Inc., Quorum Software Solutions Inc., CSM Technologies, Constellation HomeBuilder Systems, Accela Inc., Pandell Technology Corporation, Peloton Computer Enterprises Inc., Computronix LLC, Building Engines Inc., Avison Young Inc., MaintStar, Cortland, Tyler Technologies Inc., Bitco Software, Citizenserve, CyberSWIFT, Edward Rose Building Enterprise
North America was the largest region in the land management software market in 2023. The regions covered in the land management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the land management software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The land management software market includes revenues earned by entities through annual subscription fees, usage-based pricing, and licensing fees. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Land Management Software Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on land management software market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for land management software ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The land management software market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.