USD 3.58 billion
Global Property Management Software Market Size, Share, Growth Analysis, By Deployment(Cloud, On-Premises), By Application(Residential, Commercial), By End-User(Housing Associations, Property Managers/ Agents) - Industry Forecast 2022-2028
Report ID: SQSG45E2041 | Region: Global | Published Date: October, 2022 | Pages: 165
Global Property Management Software Market Insights
Global Property Management Software Market was valued at USD 3.58 billion in 2021, and it is expected to attain a value of USD 6.94 billion by 2028 with a CAGR of 5.6% over the forecast period (2022-2028).
Due to increasing demand for web-based services, such as Software as a Service (SaaS) by providers of property management software, the market is anticipated to experience a slight increase in demand for Property Management Software (PMS). The management of daily activities, such as tenant and lease tracking, building maintenance, and accounting, is facilitated by SaaS-enabled PMS. The software offers a centralized location to examine all the properties and also allows for the management of other property-related responsibilities, such as taking care of tenant needs and maintenance chores. Among other things, it principally provides integrated banking, accounting, financial reporting, electronic lease agreements, online maintenance requests and tracking, and online document storage and sharing. PMS systems have recently switched from manual to automation management techniques. The automated property management system has enhanced the property management software, reducing human errors and enabling property managers to properly distribute work assignments to prevent service interruptions. The amount of time it takes to reply to complaints and concerns from renters or owners is decreased with the use of an automatic PMS.
Market snapshot
Global Market Size
Largest Segment
Cloud
Fastest Growth
Cloud
Growth Rate
5.6% CAGR
Global Property Management Software Market 2022-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
Global Property Management Software Market 2022-2028 ($ Bn)
Global Property Management Software Market Size By Deployment 2022-2028 ($ Bn)
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Global Property Management Software Market Segmental Analysis
The global property management software market is segmented on the basis of deployment, application, end-user and region. Based on deployment, the market is segmented into cloud and on-Premises segments. On the basis of application, the market is segregated into residential and commercial segments. Based on the end-user, the market is segmented into housing associations, property managers/ agents, property investors and other sub segments. Based on region, the global property management software market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Analysis by Deployment
Based on the Global Property Management Software Market, Cloud Segment has dominated the market. Over 58% of total revenue in 2021 came from the cloud segment, which is predicted to maintain its dominance throughout the forecast period. This is due to a variety of end users, including property managers, housing associations, and corporate occupiers, among others, adopting cloud deployment at an increasing rate. Small, medium-sized, and large businesses are moving toward cloud-based property management solutions due to factors including scalability, usability, cost effectiveness, and less tenant conflicts. Additionally, cloud-based PMS software enables seamless data integration and backup capabilities, both of which aid in reducing data loss.
Analysis by Application
Based on the Global Property Management Software Market, Residential Segment has dominated the market.More than 66% of the market was accounted for by the residential segment in 2021, and it is anticipated that this segment will continue to dominate during the forecast period. This expansion can be attributable to rising real estate investment. The residential component is further divided into single-family homes, multi-family homes/apartments, and others. On the other hand, the commercial segment is anticipated to increase at the quickest rate during the projection period. One of the key elements influencing the category is the expanding commercial sector around the world. Among other factors, the increasing demand for cyber risk management, rising disposable income, and evolving consumption technologies are anticipated to fuel investments in the business sector, propelling the expansion of the PMS market.
Global Property Management Software Market By Deployment, 2021 (%)
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Global Property Management Software Market Regional Insights
Based on the Global Property Management Software Market, the North America region has dominated the market. The highest revenue share in 2021—more than 62.5%—came from North America. This is explained by the presence of important players in the region. Due to an increase in hotel rooms nationwide, the U.S. currently dominates the regional market for North America. In 2021, Europe had the second-largest market share. The existence of numerous business and residential structures, as well as the high level of digitalization in the area, can be credited with the expansion. From 2022 to 2028, the market in Asia Pacific is anticipated to experience the quickest CAGR growth.
This development can be attributed to the area's fast changing infrastructure, accessibility for the gathering and upkeep of property information, and rising desire for better data management. In addition, factors including expanding government regulations, cloud-based solutions, and outsourced services are important drivers of market expansion in the area. Additionally, it is anticipated that the usage of PMS in the region will expand as a result of technical developments like Artificial Intelligence (AI), data analytics, machine learning, and voice commands to enhance PMS capabilities.
Global Property Management Software Market By Geography, 2022-2028
- Largest
- Fastest
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Global Property Management Software Market Dynamics
Driver
- SaaS (Software-as-a-Service) and cloud computing integrated services) have become more and more common as preferred means of service delivery. SaaS subscription-based solutions are advantageous to companies of all sizes. SaaS solutions are being used more frequently by businesses to automate workflows and eliminate manual input, hence streamlining operations.
- Organizations can also lower the complexity and expense of on-premises deployment by implementing SaaS solutions. Large multifamily property management organizations can integrate a variety of technologies across their portfolio with the aid of SaaS software. The SaaS methodology is also essential for multi-vendor device compatibility with legacy systems.
Restraint
- The likelihood of dangers will increase as the real estate industry becomes more international. Country or city risk, including political risk and the possibility that benefits might be arbitrarily taken, will be given top priority on the list. Additionally, growing real estate investment in developing countries could come with a number of dynamic hazards. Additionally, due to a lack of funding, real estate brokers decide to work with regional developers, posing a number of operational risks including delayed construction sites or even fraudulent activities. The growth of the property management market share may be hampered as a result.
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Global Property Management Software Market Competitive Landscape
The company's solutions for managing properties including residential, commercial, and hotels are advantageous to owners and property managers. Due to its powerful SaaS solutions, the company has become a major player in the market for candidate screening, revenue management, and utility management. To offer property managers and brokers cutting-edge and efficient solutions, these businesses are focusing their efforts on the commercial segment of the industry.
Top Players Company Profiles
- Kiko Homes Ltd. (UK)
- AppFolio, Inc. (US)
- Archibus, Inc. (US)
- CORELOGIC (US)
- Entrata, Inc. (US)
- Yardi Systems, Inc. (US)
- ManageCasa (US)
- IBM Corporation (US)
- SAP SE (Germany)
- MRI Software LLC (US)
Recent Developments
- In April 2021, the incorporation of Alexa for residential premises was announced by Entrata Inc. With voice-controlled smart homes, this integration enables property managers to control or set up Alexa-enabled gadgets in each unit.
- In March 2021, in order to provide end-to-end solutions to end customers around the world, Planon teamed with AddOnn to integrate AddOnn's SaaS solution with Planon's software platform for building & service digitalization.
Global Property Management Software Key Market Trends
- Instead of working from offices, corporate headquarters, or a global division of a firm, many employees now choose to do so. This makes flexible access to office resources and data more necessary. Businesses are also using virtual workspaces to reduce the amount of physical infrastructure they need, giving them more flexibility and efficient use of their office space.
Global Property Management Software Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, the global property management software market is segmented based on deployment, applications, ed-user and regions. Mobility management, workspace management, and other integrated facility management solutions are in high demand among businesses. This enables property managers to manage a large workforce while maintaining the pace and speed of work. To keep track of all the properties they manage and all the periodic maintenance that has to be done on them, associated real estate agents and property managers may utilize these solutions. As a result, the assets management industry reaps the rewards of the growing trend of employee mobility.
| Report Metric | Details |
|---|---|
| Market size value in 2021 | USD 3.58 billion |
| Market size value in 2028 | USD 6.94 billion |
| Growth Rate | 5.6% |
| Base year | 2021 |
| Forecast period | 2022-2028 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Property Management Software Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Property Management Software Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Property Management Software Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Property Management Software Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Property Management Software Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Property Management Software Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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