The global Property Management Software market size is projected to reach USD 4.54 billion by 2026, registering a CAGR of 9.6% from 2021 to 2026.
Property management software is a type of program that aids in the efficient management of the real estate. Financial reporting, online record management, accounting features, electronic lease agreements, and other applications benefit from this software. This computerized framework can also be used for property management, real estate, manufacturing, logistics, and government accommodation management, among other things. The app offers a single interface for viewing all of the properties, as well as the ability to supervise other property-related activities such as maintenance tasks and tenant needs.
The growing importance of scalability among property managers and owners is expected to propel the global property management software market forward. Other major factors expected to fuel the growth of the global property management software market over the forecast period include increasing infrastructure development across the globe, as well as the need to preserve documentation and other information for smooth functioning and in a systematic manner. One of the most notable developments in the software industry is the implementation of cloud technology. The way software systems are run and distributed to end-users has changed drastically as a result of cloud technology.
The Property Management Software Market is segmented by Product Type (On-premise property management software, Cloud property management software), by Application (Commercial, Residential). The market is further analyzed on the basis of regional analysis and divided into major regions like North-America, Latin America, Asia-Pacific, Europe and MEA.
Further Key Findings From The Report Suggest
- The cloud segment accounted for the greatest revenue share, and this trend is projected to continue throughout the forecast period. This is due to the adoption of cloud deployment by various end-users, such as property managers, housing associations, and corporate occupiers.
- The housing associations segment accounted for a large portion of sales and is projected to expand substantially over the forecast period. This is due to a variety of problems that apartments and townships face, including racking residents, collecting payments, and negotiating lease agreements, to name a few.
- Due to the high adoption and heavy penetration of property management software in countries in the region, the market in North America accounted for the highest revenue share in the global property management software market.
Key Participants like AppFolio, Buildium, MRI Software, RealPage, Yardi Systems, Accruent, ARGUS Software, Genkan, PROMAS, London Computer Systems.
For this report, Introspective Market Research have segmented the Property Management Software market on the basis of Region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2019-2026)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
- Latin America
- Rest of LATAM