What is the global market size of Property Management Market?

Global Property Management Market size was valued at USD 3.04 billion in 2021 and is poised to grow from USD 3.15 billion in 2022 to USD 4.85 billion by 2030, growing at a CAGR of 5.6% in the forecast period (2023-2030).

What is the key driver of Global Property Management Market?

Property management SaaS models are becoming increasingly popular

What is the key market trend for Global Property Management Market?

Growing opportunity in hotel property management is a growing trend in property management market. Due to the stressful nature of owning and running a hotel, hotel property management is one of the fastest-growing areas in the property management business, as demand far outpaces new supply. A rising number of hotel owners are eager to offload the stress and use the services of the United States' already developed property management business. Hotel owners are quickly realizing the advantages of property management services and direct labor, which includes revenue management, human resources, accounting, and marketing. Because property management businesses have several clients, all of this is available at a low cost. The market opportunity is enormous, allowing providers to swiftly enhance their services and expand their client base.

Which region accounted for the largest share in Global Property Management Market?

In 2021, North America held the highest revenue share of more than 60% in the global property management market share. This is due to the presence of major players in the region. The United States currently dominates the North America regional market due to an increasing number of hotel rooms in the country. In 2021, Europe held the second-largest share in the global property management market. The presence of a large number of commercial and residential buildings, as well as a high level of digitization in the region, can be credited to the region's growth.

Top Property Management Companies

Skyquest Technology's expert advisors have carried out comprehensive research and identified these companies as industry leaders in the Property Management Market. This Analysis is based on comprehensive primary and secondary research on the corporate strategies, financial and operational performance, product portfolio, market share and brand analysis of all the leading Property Management industry players.

Property Management Market Competitive Landscape

The global property management suppliers are concentrating on new product development, which helps to strengthen their market position. Companies provide targeted solutions for owners and managers looking to expand their market penetration. Entrata, Inc. is a multinational corporation that provides software and data analytics solutions to real estate organizations. Owners and property managers benefit from the company's solutions for managing residential, commercial, and hotel properties. Because of its excellent SaaS solutions, the company has emerged as a leading market provider of candidate screening, revenue management, and utility management. These companies are focusing their efforts on the commercial sector of the market in order to give property managers and agents with current and effective solutions.

Property Management Market Top Players Company Profiles

CBRE Group, Inc.
JLL
Cushman & Wakefield plc
Colliers International Group Inc.
Savills plc
Knight Frank LLP
Newmark Group, Inc.
BNP Paribas Real Estate
Hines
Eastdil Secured, LLC
Avison Young
Tishman Speyer
Brookfield Asset Management Inc.
Greystar Real Estate Partners
Prologis, Inc.
Lincoln Property Company
FirstService Corporation
KKR & Co. L.P.
Lendlease Group

Property Management Market Recent Development

In December 2021, Aurum PropTech will invest $5 million to acquire a majority share in B2B SaaS firm TheHouseMonk. The startup is in the rental real estate business. It intends to use the funds raised to expand into Europe and the United States, as well as to strengthen its position in Asia, which is now its key market. TheHouseMonk also intends to expand its tech staff in order to develop superior artificial intelligence/machine learning (AI/ML) skills and broaden its product offering.
In August 2021, Plentific, a property management platform, raises $100 million. Plentific, a property management platform located in London, has secured $100 million in a Series C investment. Aside from a substantial push into the US market, the business intends to invest in a variety of additional product offerings, including new AI capabilities. The firm has raised $141 million in five rounds of funding.
In April 2021, Entrata Inc. announced the addition of Alexa to its residential property management system. With voice-controlled smart homes, property managers may manage or set up Alexa enabled gadgets in every unit.

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FAQs

Global Property Management Market size was valued at USD 28 Billion in 2024 and is poised to grow from USD 30.27 Billion in 2025 to USD 56.44 Billion by 2033, growing at a CAGR of 8.1% during the forecast period (2026–2033).

The property management market is increasingly competitive, as the current trends in the real estate market reveal a shift of focus toward improving efficient property operation and provision of superior client service. The global property management market expands, which indicates that the businesses that respond to the trends in the property management market are likely to succeed a great deal. It is critical to predominance, though, that the property management market enters the real estate market. It seems that the property management market adds a lot of value to the real estate market, and in the best possible scenario, the global industry of real estate will not be able to proceed without the property management market. 'Johnson Controls (USA) ', 'Honeywell International Inc. (USA) ', 'Schneider Electric (France) ', 'Siemens AG (Germany) ', 'ABB Ltd. (Switzerland) ', 'Daikin Industries Ltd. (Japan) ', 'Carrier Global Corporation (USA) ', 'Trane Technologies (Ireland) ', 'Emerson Electric Co. (USA) ', 'Bosch Building Technologies (Germany) ', 'Delta Controls (Canada) ', 'Crestron Electronics (USA) ', 'Lennox International Inc. (USA) ', 'KMC Controls (USA) ', 'Lutron Electronics (USA) ', 'Distech Controls (Canada) ', 'Azbil Corporation (Japan) ', 'Nibe Industrier AB (Sweden) '

The real estate market in most cities of the world is growing alongside their populations. The more people there are in a city, the more residential areas it needs to provide. Therefore, the fact that the real estate market is permanently on the rise generates a favorable framework for property management services. Meanwhile, the more properties the landowners have and the more dispersed the latter are, the more challenges for coordinating their disparate parts are cast.

Implementation of Technology: The novel technologies simplify duties, automate processes, and improve communication, encouraging property owners to select this option over other opportunities. In such a way, businesses that offer owners cloud-based solutions may ensure that they deliver a more comprehensive and up-to-date service that is also less expensive than many traditional ones.

The market share for property management is the largest in North America, particularly the USA. In the region professional property management plays a significant role in the property market. North America has a highly developed ecosystem of service providers, technology solutions, and industry associations. Moreover, it has well-functioning operation processes and is known for being innovative. A significant force behind the rising demand for housing in North American cities where the population is increasingly mobile, and forms are increasingly urban is the growth of rented apartments. In addition, the North American market is well-regulated in general, as North America has clear legislative corridors for rules, habits and conventions, including legal guidelines for tenant rights, fair housing, and property maintenance.

Top Property Management Companies

Property Management Market Competitive Landscape

FAQs

What is the global market size of Property Management Market?

Who are the key vendors in the Property Management Market?

What is the key driver of Property Management Market?

What is the key market trend for Property Management Market?

Which region accounted for the largest share in Property Management Market?

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