Property Management Market Updates

Property Management Market size was valued at USD 24.7 Billion in 2023 and is poised to grow from USD 26.68 Billion in 2024 to USD 0 Billion by 2032, growing at a CAGR of 8.0% during the forecast period (2025-2032).

Key vendors in Property Management Market are: 'IBM ', 'Oracle ', 'Appfolio ', 'SAP ', 'Trimble ', 'Hitachi Vantara ', 'Yardi ', 'Thoma Bravo (Real Page) ', 'Syndico Sal ', 'Entrata ', 'MRI Software ', 'London Computer Systems ', 'Zumper ', 'Dockmaster ', 'Move Inc. (Avail) ', 'Property Matrix ', 'Costar Group ', 'Happyco ', 'JLL ', 'PlanonCompany 2 '

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.