Product ID: SQMIG45E2206
Report ID:
SQMIG45E2206 |
Region:
Global |
Published Date: April, 2024
Pages:
165
|
Tables:
89 |
Figures:
76
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.
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REQUEST FREE CUSTOMIZATIONProperty Management Software Market size was valued at USD 3.04 billion in 2019 and is poised to grow from USD 3.21 billion in 2023 to USD 5.24 billion by 2031, growing at a CAGR of 5.6% in the forecast period (2024-2031).
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Product ID: SQMIG45E2206