Property Management Software Market: Global Industry Analysis and Key Trends (2021-2027)

Property Management Software Market size was valued at US$ 2.90 Bn. in 2020 and the total revenue is expected to grow at 4.82 % through 2021 to 2027, reaching nearly US$ 4.03 Bn.

Property Management Software Market Overview:

Property management software (PMS) is an application-based system that helps property managers automate back-office, financial, and administrative tasks. Financial reporting, establishing electronic agreements, storing and sharing documents online, and integrated banking are just a few of the duties it may accomplish. It also helps to reduce the amount of manual work needed for rent collection, maintenance and repair scheduling, and tenant and leaseholder tracking. This allows property managers, owners, and operators to streamline and automate property management tasks. It is extensively used to manage both residential and commercial properties as a result of this. Property Management Software Market To know about the Research Methodology :- Request Free Sample Report 2020 is considered as a base year to forecast the market from 2021 to 2027. 2020’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years trends are considered while forecasting the market through 2027. 2020 is a year of exception and analysed specially with the impact of lockdown by region.

Property Management Software Market Dynamics:

Property accounting, budget tracking, rent & vendor management, automated rent reminders for tenants & managers, insights into daily managerial chores, increased flexibility in account audits, and owner-tenant communication are just a few of the reasons why PMS are becoming increasingly popular. Aside from the increased possibility of remote access due to the widespread adoption of cloud computing, scalability, flawless accessibility, and automatic backups of critical data are just a few of the secondary reasons why end-user demand for PMS is skyrocketing. Residential housing society managers, in particular, are required to screen all tenants before allowing them to enter. A background or credit check, as well as income verification, are usually part of the screening process. Most managers of such properties obtain a double-check on the answers provided in the application form in order to assure higher integrity. On this note, property management software compiles a comprehensive report on all applications that goes above and beyond what traditional techniques can provide. These programmes search databases and can sometimes perform all of the functions that a property manager can. Many of these property management software providers are aware of existing legislation, which makes it easier for a property manager to search for anything that would be considered an unjustified invasion of privacy. Some PMS alert landlords if they reject any applicants based on their prior criminal backgrounds who are later approved as tenants by the courts. Some authorities in the United States, for example, do not allow bans based on prior criminal convictions. The producer of PMS software releases updates on a regular basis, ensuring that landlords are always up to date on legislation changes. Other growth-inducing elements include technology breakthroughs such as integration with artificial intelligence (AI), machine learning (ML), virtual reality (VR), and cloud-computing solutions. These systems offer a consolidated and transparent platform for keeping electronic documents, maintaining tenant relations via messages and emails, and accepting online rent payments. Other factors, such as expanding infrastructural advances and broad use of software-as-a-service (SaaS)-based business models, as well as increasing consumer spending capacity, are expected to propel the industry forward.

Global Property Management Software Market Segment Analysis:

Based on the Deployment, the global Property Management Software market is sub-segmented into Cloud and On-Premises. The Cloud segment held the largest market share of 60.41% in 2020. This is attributed to more and more end users choosing cloud deployment, such as property managers, private landlords and corporate tenants. For a variety of reasons, including scalability, ease of use, cost-effectiveness, and less rental difficulties, small, medium, and large organizations are turning to cloud-based property management solutions. Cloud property management software also provides data backup and integration to reduce the risk of data loss. It also saves property managers the indirect and direct costs of automating labour-intensive processes. The on-premise deployment segment is expected to grow at a highest CAGR of xx% in the global property management software market during the forecast period. This is due to the advantages of owning and controlling hardware, as well as a higher level of data security than cloud-based property management software. On-premise PMS also allows for customisation based on business or user requirements Based on the Application, the global Property Management Software market is sub-segmented into Residential and Commercial. The Residential segment held the largest market share of 69.5% in 2020. This is due to an increase in real estate investments. Multi-family housing/apartments, single-family dwelling, and others make up the residential category. However, the commercial segment is expected to grow at a highest CAGR of xx% in the global property management software market during the forecast period. One of the primary reasons driving market demand is the rising commercial sector around the world. Other factors likely to fuel investments in the commercial sector, including increasing cyber risk management, growing disposable income, and changing consumer technologies, among others, are expected to drive the PMS market growth.

Estimated of Commercial Property Value in 2019:

Property Management Software Market 1Based on the End-User, the global Property Management Software market is sub-segmented into Housing Associations, Property Managers/ Agents, Property Investors and Others. The Property Managers/ Agents segment held the largest market share of 37.2% in 2020. This is attributed to an increase in global commercial real estate and real estate development initiatives. Additionally, PMS can assist property managers and agents in keeping track of all properties and required upkeep. As a result, market growth is being driven by the shifting workplace mobility trend. The housing associations segment held the largest market share of 31% in 2020 and is expected to witness significant growth over the forecast period. This is due to a number of issues that apartments and townships encounter, including racking tenants, receiving money, and negotiating lease agreements, to name a few. All of these issues, however, have compelled market participants to provide systems for tracking payments, inspections, and maintenance, as well as transparent and complete reporting. Property Management Software Market 2

Global Property Management Software Market Regional Insights:

North America held the largest market share of 35% in 2020 and it remain kept its leading position during the forecast period. This is due to the existence of well-known companies in the region, including AppFolio, Inc.; Entrata, Inc.; MRI Software Co., Ltd.; and Yardi Systems Inc. Under the current circumstances, the United States has a dominant position in the region because of the country’s more and more hotel space. Europe held the 2nd largest market share of xx% in 2020 and also it is expected to grow at a highest CAGR of 5.22% during the forecast period. The market is rising due to a substantial growth in the types of commercial properties accessible and the desire for using the PMS. Asia Pacific is expected to grow at a highest CAGR of 9.7% in the global Property Management Software market during the forecast period. Some of the factors driving the market in this area are the rising usage of property management in both the residential and commercial sectors, as well as the vast construction of housing societies and business hubs, particularly in China and India. The objective of the report is to present a comprehensive analysis of the global Property Management Software Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also helps in understanding the global Property Management Software Market dynamic, structure by analyzing the market segments and project the global Property Management Software Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Property Management Software Market make the report investor’s guide.

Global Property Management Software Market Scope: Inquire before buying

Global Property Management Software Market
Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2020 Market Size in 2020: US $ 2.90 Bn.
Forecast Period 2021 to 2027 CAGR: 4.82 % Market Size in 2027: US $ 4.03 Bn.
Segments Covered: by Deployment • Cloud • On-Premises
by Application • Residential • Multi-family Housing/ Apartments • Single-family Housing • Others • Commercial • Retail Spaces • Office Spaces • Hotels • Others
by End-User • Housing Associations • Property Managers/ Agents • Property Investors • Others

Global Property Management Software Market, by Region

• North America • Europe • Asia Pacific • South America • Middle East and Africa

Global Property Management Software Market Key Players

AppFolio, Inc. • Buildium • Console • CoreLogic • Entrata, Inc. • MRI Software LLC • RealPage, Inc. • Yardi Systems Inc. • London Computer Systems • Property Boulevard • Qube Global Software • TOPS Software • Entrata • Hemlane, Inc. • Kennedy Investments, L.L.C. • LeaseHawk • Nexus Systems, LLC.

Frequently Asked Questions:

1] What segments are covered in Property Management Software Market report? Ans. The segments covered in Property Management Software Market report are based on Deployment, Application, and End-User. 2] Which region is expected to hold the highest share in the global Property Management Software Market? Ans. North America is expected to hold the highest share in the global Property Management Software Market. 3] What is the market size of global Property Management Software Market by 2027? Ans. The market size of global Property Management Software Market is expected to reach US $ 4.03 Bn. by 2027. 4] Who are the top key players in the global Property Management Software Market? Ans. AppFolio, Inc., Buildium, Console, CoreLogic, Entrata, Inc., and MRI Software LLC are the top key players in the global Property Management Software Market. 5] What was the market size of global Property Management Software Market in 2020? Ans. The market size of global Property Management Software Market in 2020 was US $ 2.90 Bn.
1. Global Property Management Software Market: Research Methodology 2. Global Property Management Software Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Property Management Software Market 2.2. Summary 2.1.1. Key Findings 2.1.2. Recommendations for Investors 2.1.3. Recommendations for Market Leaders 2.1.4. Recommendations for New Market Entry 3. Global Property Management Software Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12 COVID-19 Impact 4. Global Property Management Software Market Segmentation 4.1 Global Property Management Software Market, by Deployment (2020-2027) • Cloud • On-Premises 4.2 Global Property Management Software Market, by Application (2020-2027) • Residential • Multi-family Housing/ Apartments • Single-family Housing • Others • Commercial • Retail Spaces • Office Spaces • Hotels • Others 4.3 Global Property Management Software Market, by End-User (2020-2027) • Housing Associations • Property Managers/ Agents • Property Investors • Others 5. North America Property Management Software Market(2020-2027) 5.1 Global Property Management Software Market, by Deployment (2020-2027) • Cloud • On-Premises 5.2 Global Property Management Software Market, by Application (2020-2027) • Residential • Multi-family Housing/ Apartments • Single-family Housing • Others • Commercial • Retail Spaces • Office Spaces • Hotels • Others 5.3 Global Property Management Software Market, by End-User (2020-2027) • Housing Associations • Property Managers/ Agents • Property Investors • Others 5.4 North America Property Management Software Market, by Country (2020-2027) • United States • Canada • Mexico 6. Asia Pacific Property Management Software Market (2020-2027) 6.1. Asia Pacific Property Management Software Market, by Deployment (2020-2027) 6.2. Asia Pacific Property Management Software Market, by Application (2020-2027) 6.3. Asia Pacific Property Management Software Market, by End-User (2020-2027) 6.4. Asia Pacific Property Management Software Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 7. Middle East and Africa Property Management Software Market (2020-2027) 7.1 Middle East and Africa Property Management Software Market, by Deployment (2020-2027) 7.2. Middle East and Africa Property Management Software Market, by Application (2020-2027) 7.3. Middle East and Africa Property Management Software Market, by End-User (2020-2027) 7.4. Middle East and Africa Property Management Software Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 8. Latin America Property Management Software Market (2020-2027) 8.1. Latin America Property Management Software Market, by Deployment (2020-2027) 8.2. Latin America Property Management Software Market, by Application (2020-2027) 8.3. Latin America Property Management Software Market, by End-User (2020-2027) 8.4 Latin America Property Management Software Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 9. European Property Management Software Market (2020-2027) 9.1. European Property Management Software Market, by Deployment (2020-2027) 9.2. European Property Management Software Market, by Application (2020-2027) 9.3. European Property Management Software Market, by End-User (2020-2027) 9.4. European Property Management Software Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 10. Company Profile: Key players 10.1. AppFolio, Inc. 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Buildium 10.3. Console 10.4. CoreLogic 10.5. Entrata, Inc. 10.6. MRI Software LLC 10.7. RealPage, Inc. 10.8. Yardi Systems Inc. 10.9. London Computer Systems 10.10. Property Boulevard 10.11. Qube Global Software 10.12. TOPS Software 10.13. Entrata 10.14. Hemlane, Inc. 10.15. Kennedy Investments, L.L.C. 10.16. LeaseHawk 10.17. Nexus Systems, LLC.

About This Report

Report ID105278
Category Information Technology & Telecommunication
Published DateJun
Updated DateDec 2021
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