Image

Global Property Management Software Market – Industry Trends and Forecast to 2031

ICT

Image

Global Property Management Software Market – Industry Trends and Forecast to 2031

  • ICT
  • Upcoming Report
  • Apr 2024
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Property Management Software Market – Industry Trends and Forecast to 2031

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2021–2029
Diagram Market Size (Base Year) USD 567.78 Million
Diagram Market Size (Forecast Year) USD 720.25 Million
Diagram CAGR %

Global Property Management Software Market, By Component (Software and Services), Deployment (Cloud and On-Premises), Application (Commercial and Residential), End User (Housing Associations, Property Managers/ Agents, Corporate Occupiers, Property Investors, and Others) – Industry Trends and Forecast to 2031.

Property Management Software Market Analysis and Size

In the property management software market, advancements have revolutionized operations, offering benefits such as streamlined workflows, automated processes, and enhanced tenant experiences. These innovations enable efficient property management, from rent collection to maintenance requests, empowering landlords and property managers to optimize their operations and maximize profitability in today's competitive real estate landscape.

The global property management software market size was valued at USD 650.05 million in 2023, is projected to reach USD 1,116.91 million by 2031, with a CAGR of 7.00% during the forecast period 2024 to 2031. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Report Scope and Market Segmentation       

Report Metric

Details

Forecast Period

2024 to 2031

Base Year

2023

Historic Years

2022 (Customizable to 2016 - 2021)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Component (Software and Services), Deployment (Cloud and On-Premises), Application (Commercial and Residential), End User (Housing Associations, Property Managers/ Agents, Corporate Occupiers, Property Investors, and Others)

Countries Covered

U.S., Canada. Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina, and Rest of South America

Market Players Covered

Adobe (U.S.), Oracle (U.S.), HubSpot, Inc. (U.S.), SAS Institute Inc. (U.S.), HP Development Company, L.P. (U.S.), SimplyCast (Canada), Act-On Software, Inc. (U.S.), Infor (U.S.), Yesware, Inc. (U.S.), Marigold Engage by Sailthru (U.S.), Vivial Inc. (U.S.), Keap (U.S.), IBM (U.S.), SAP SE (Germany), Microsoft (U.S.), ThriveHive (U.S.), Demandbase, Inc. (U.S.), WordStream (U.S.), CAKE (U.S.), and Chetu Inc. (India)

Market Opportunities

  • Rising Demand from the Real Estate Industry
  • Increased Investments in Workforce Managements

Market Definition

Property management software streamlines tasks such as rent collection, maintenance requests, and tenant communication for landlords and property managers. It automates processes, organizes data, and provides insights to optimize property performance. With features such as online payment portals and maintenance tracking, it enhances efficiency and tenant satisfaction, making property management more convenient and effective.

Property Management Software Market Dynamics

Drivers

  • Integration with IoT and Smart Technologies

Property management software's integration with IoT and smart technologies enables remote monitoring of properties, predictive maintenance, and efficient energy management. For instance, sensors installed in rental units can detect water leaks or temperature fluctuations, alerting property managers in real-time. This preemptive maintenance prevents costly damages and ensures tenant comfort. Additionally, smart thermostats and lighting systems help optimize energy consumption, reducing utility expenses and environmental impact.

  • Expansion of Real Estate Market

As the global real estate market expands, the demand for adaptable property management software rises. With diverse regulatory environments and market conditions worldwide, versatile software solutions become essential. Property management software must seamlessly navigate varied legal frameworks and market dynamics to meet the evolving needs of property managers and investors on a global scale.

Opportunities

  • Tenant Experience Enhancement

Modern property management software integrates online portals for tenants, facilitating seamless interactions with property managers. Through these portals, tenants can swiftly submit maintenance requests, conveniently pay rent, and effectively communicate concerns. For instance, platforms such as Buildium and AppFolio offer intuitive interfaces where tenants can access these features, enhancing their overall experience. Such accessibility and efficiency contribute significantly to heightened tenant satisfaction and improved retention rates.

  • Rising Data Analytics and Insights

Advanced property management software offers data analytics, empowering managers with insightful trend analysis, performance metrics, and predictive insights. Leveraging this capability, managers can make informed decisions, optimize operations, and enhance property performance, ultimately leading to better outcomes and improved efficiency in managing properties.

Restraints/Challenges

  • High Cost of Implementation

High initial costs, comprising software licensing fees, customization expenses, and staff training, serve as formidable barriers for smaller property management firms. These financial constraints can impede adoption and limit access to advanced software solutions, hindering operational efficiency and competitive capabilities within the market.

  • Resistance to Adoption

Resistance to change from traditional manual property management processes hampers the adoption of property management software, posing a significant challenge to the market. Property managers and stakeholders may struggle to transition from paper-based systems, impeding the advancement and widespread implementation of digital solutions in the industry    

This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Developments

  • In July 2023, Entrata, Inc. finalized the acquisition of Rent Dynamics, enhancing its position in property management by integrating resident rent reporting and financial services. This strategic move broadened Entrata's offerings, providing residents with additional valuable resources while consolidating its foothold in the industry
  • In December 2021, Oracle Corporation announced the imminent global implementation of its OPERA Cloud Property Management Software System, enabling hotels worldwide to streamline operations and elevate guest experiences. The adoption of Oracle Hospitality OPERA Cloud PMS marks a significant advancement for hotels seeking enhanced efficiency and service delivery
  • In April 2021, Entrata Inc. introduced Alexa integration for residential properties, empowering property managers to effortlessly control Alexa-enabled devices in units. This innovation facilitates voice-controlled smart homes, enhancing convenience and modernizing residential living experiences through seamless integration of smart technology
  • In April 2020, Yardi Systems Inc. unveiled updates to its Yardi Breeze property management software amidst the COVID-19 pandemic. New features include online lease documents, flexible payment options, and enhanced customer relationship management, supporting property stakeholders in maintaining connectivity and efficiency while adapting to remote work and social distancing measures

Property Management Software Market Scope

The market is segmented on the basis of component, deployment, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Component

  • Software
    • Rental Listings Management
    • Applicant Management
    • Reporting and Analytics
    • Maintenance Activities Management
  • Services
    • Professional Services
    • Managed Services

 Deployment

  • Cloud
  • On-Premises

 Application

  • Commercial
    • Retail Spaces
    • Office Spaces
    • Hotels
    • Others
  • Residential
    • Multi-family Housing/ Apartments
    • Single-family Housing
    • Others

 End User

  • Housing Associations
  • Property Managers/ Agents
  • Corporate Occupiers
  • Property Investors
  • Others

Property Management Software Market Regional Analysis/Insights

The market is analysed and market size insights and trends are provided by country, component, deployment, application and end user as referenced above.

The countries covered in the market report are U.S., Canada. Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina, and Rest of South America.

North America is expected to dominate the property management software market over the forecast period, driven by advanced IT infrastructure and rapid technology adoption. Developed countries lead in embracing modern solutions, contrasting with slower uptake in developing nations.

Asia-Pacific will continue to experience significant gains in the property management software market, propelled by economic digitization, heightened adoption in real estate, and robust investments in IT infrastructure development. This region anticipates the highest growth rate, reflecting its dynamic market landscape.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Property Management Software Market Share Analysis

The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the market.

Some of the major players operating in the market are:

  • Adobe (U.S.)
  •  Oracle (U.S.)
  •  HubSpot, Inc. (U.S.)
  •  SAS Institute Inc. (U.S.)
  •  HP Development Company, L.P. (U.S.)
  •  SimplyCast (Canada)
  •  Act-On Software, Inc. (U.S.)
  •  Infor (U.S.)
  •  Yesware, Inc. (U.S.)
  •  Marigold Engage by Sailthru (U.S.)
  •  Vivial Inc. (U.S.)
  •  Keap (U.S.)
  •  IBM (U.S.)
  •  SAP SE (Germany)
  •  Microsoft (U.S.)
  •  ThriveHive (U.S.)
  •  Demandbase, Inc. (U.S.)
  • WordStream (U.S.)
  •  CAKE (U.S.)
  • Chetu Inc. (India)


SKU-

Please fill in the below form for detailed Table of Content

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Table

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Figure

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for Infographics

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Please fill in the below form for Research Methodology

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

Please fill in the below form for Available Customization

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

FREQUENTLY ASK QUESTIONS

The property management software market size will be worth USD 1,116.91 million by 2031.
The growth rate of the property management software market is 7.00%.
Integration with IoT and Smart Technologies & Expansion of Real Estate Market are the growth drivers of the property management software market.
Component, deployment, application and end user are the factors on which the property management software market research is based.
Major companies in the property management software market are Adobe (U.S.), Oracle (U.S.), HubSpot, Inc. (U.S.), SAS Institute Inc. (U.S.), HP Development Company, L.P. (U.S.), SimplyCast (Canada), Act-On Software, Inc. (U.S.), Infor (U.S.), Yesware, Inc. (U.S.), Marigold Engage by Sailthru (U.S.), Vivial Inc. (U.S.), Keap (U.S.), IBM (U.S.), SAP SE (Germany), Microsoft (U.S.), ThriveHive (U.S.), Demandbase, Inc. (U.S.), WordStream (U.S.), CAKE (U.S.), and Chetu Inc. (India).
Free Sample Report

CHOOSE LICENCE TYPE

  • 7000.00
  • 4800.00
  • 3000.00
  • 8000.00
  • 12000.00

Why Choose Us

Industry Coverage

DBMR works across the globe in multiple industries which equip us with knowledge across verticals and provide our clients with insights not only from their industry but how other industries will impact their ecosystem.

Regional Coverage

Coverage of Data Bridge is not restricted to developed or emerging economies. We work across the globe covering the largest array of countries where no other market research or business consulting firm has ever conducted research; creating growth opportunities for our clients in areas which are still unknown.

Technology Coverage

In today’s world, technology drives the market sentiment, so our vision is to provide our clients insights not only for developed technologies but upcoming and disrupting technological changes throughout the product lifecycle by enabling them with unforeseen opportunities in the market which will create disruption in their industry. This leads to innovation and our clients to come out as winners.

Goal Oriented Solutions

DBMR goal is to help our clients achieve their goals through our solutions; hence we formatively create the most appropriate solutions for our client needs, saving time and efforts for them to drive their grand strategies.

Unparallel Analyst Support

Our analysts take pride in our clients’ success. Unlike others, we believe in working along our clients to achieve their goals with 24 hours analyst support determining the correct needs and inspire innovation through service.

Banner

Client Testimonials