Property Management Software Market By Component (Software/Solution, Services), By Application (Commercial, Residential), By Deployment (On-Premise, Cloud), By End-User (Housing Associations, Property Managers) - Growth, Future Prospects And Competitive Analysis, 2019 - 2027

Rising Trend of Workplace Mobility Has Increased the Demand for Property Management Software Market

Globally, the property management software market is expected to grow with a CAGR of 5.8% during the forecast period from 2019 to 2027 and has registered a market value of US$ 13.20 Bn in 2018. Property management software is used to perform various operations for residential, commercial, rental properties, and hospitality accommodations. The software provides different data and parameters associated with the property, such as agreements, lease timelines, integrated banking, electronic lease, online document storage, and others.

The increasing infrastructure globally due to the rising population has led to increasing demand for new houses and buildings, affecting the growth of the global property management software market. The software fetches the information related to the property and the earlier transactions made, allowing the user to manage and maintain the property information.

Market Synopsis

Property Management Software with On-Premise in its Deployment Segment Dominates the Market

In 2018, the overall property management software market was led by the On-premise segment contributing to a high percentage of the market share of the total revenue generated globally in 2018 and was expected to grow with a CAGR of more than 5.0% during the forecast period. Companies use on-premise software as a traditional way of installation. However, the cloud segment is expected to be the fastest-growing segment during the forecast period and is expected to dominate the market during the year 2027.

The cloud allows the users to operate the software without any problem, regardless of place. Thus, the flexibility of the cloud allows the user to use the software from anywhere and on any device, which is expected to drive the market in the coming years.

North America Dominates the Market by Region

The global property management software market was led by North America, with a market share of more than 35.0% in 2018. This is due to the increasing development of infrastructure in the region and the increasing number of migrated people. Moreover, the region is one of the earliest adopters of technology, and increasing the trend of working from home is one of the major factors which is driving the market in the region as the operator can access the software from anywhere and can work with the help of the cloud by accessing the software integrated with it, allowing the property agents to keep track of the properties and manage accordingly.

Some of the prominent players operating in the property management software are JLL Incorporated, IBM Corporation, Oracle Corporation, Trimble Inc., SAP SE, RealPage Inc., Yardi Systems Inc., Console Australia, AppFolio Inc., MCS Solutions LLC, FSI Inc., ARCHIBUS Inc., Planon Corporation, Entrata Inc., Accruent LLC, London Computer Systems, and iOFFICE Inc.

Historical & Forecast Period

This research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. In addition, compounded Annual Growth Rate (CAGR) for each respective segment was calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The property management software market report provides market size and estimates based on market dynamics and key trends observed in the industry. In addition, the report provides a holistic view of the global property management software market based on component, deployment, application, end-user, and geography. 

Frequently Asked Questions:

The market for Property Management Software is expected to reach US$ XX Bn by 2027.

The Property Management Software market is expected to see significant CAGR growth over the coming years, at 5.8%.

The report is forecasted from 2019-2027.

The base year of this report is 2018.

IBM Corporation, JLL Incorporated, Oracle Corporation, SAP SE, Trimble Inc., RealPage Inc. are some of the major players in the global market.

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Published Date:  Nov 2019
Category:  Technology & Media
Report ID:   60017
Report Format:   PDF
Pages:   120
Rating:    4.3 (60)
Delivery Time: 24 Hours to 48 Hours   
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