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).

Global Property Management Market Size, Share, Growth Analysis, By Deployment(Cloud, On-Premises), By Application(Residential (Multi-family Housing/ Apartments, Single-family Housing), By End-user(Housing Associations, Property Managers/ Agents) - Industry Forecast 2024-2031

Report ID: SQSG45F2032 | Region: Global | Published Date: February, 2024
Pages: 270 | Tables: 94 | Figures: 75

Global Property Management Market Regional Insights

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.

The Asia Pacific market is expected to grow at an exponential CAGR. Emerging economies are rapidly expanding. China, India, and Indonesia, in particular, will expand in relative size in terms of global middle-class consumption. As a result, households may spend more than their essential needs, creating chances for real estate investment. The retail, shipping, and hotel industries are all undergoing significant transformation as a result of the growing demands brought on by the rapid rise of e-commerce. Similarly, co-working and shared workplaces have spread across Asia Pacific in recent years, giving the traditional serviced-office market a technology edge while generating strong returns for landlords.

Global Property Management Market Report Snapshots

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Global Property Management Market size was valued at USD 3.04 billion in 2019 and is poised to grow from USD 3.15 billion in 2023 to USD 4.85 billion by 2031, growing at a CAGR of 5.6% in the forecast period (2024-2031).

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. '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 SaaS models are becoming increasingly popular

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.

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Global Property Management Market Size, Share, Growth Analysis, By Deployment(Cloud, On-Premises), By Application(Residential (Multi-family Housing/ Apartments, Single-family Housing), By End-user(Housing Associations, Property Managers/ Agents) - Industry Forecast 2024-2031

Global Property Management Market Regional Insights

Global Property Management Market Report Snapshots

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