Press release
Global Property Management Software Market: Investment towards Infrastructural Development to Underpin Growth
The increasing investment towards infrastructural development has greatly facilitated growth witnessed by the property management software market around the globe. Infrastructural development activities has bolstered the need for real-time access to relevant property information. Against this backdrop, experts predict that the rising construction of multi-dwelling units will in turn boost growth prospects for the market. Given the scenario, investment towards infrastructural development is poised to surge, thus offering immense prospects for the market players to capitalize on in the forthcoming years.
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As per the report, the increasing interest on cost-efficiency, scalability and time saving factors have triggered the interest for property management software among property owners and managers. Furthermore, property information has become highly coveted, which can be taken care of efficiently using a centralized property management software. Given the scenario, the demand for property management software is forecast to rise considerably during the course of the report’s forecast period.
For the purpose of the study, the global property management software management market is segmented based on end user, component, application, and region. In terms of component, software and services make the broad segments in the global market. In the software segment, the demand for cloud-based technologies is expected to scale higher in the coming years. The increasing penetration and adoption of property management software in remote locations is expected to fuel the demand from the cloud-based technologies segment further in the coming years. Based on application, the residential segment is projected to emerge dominant by the end of 2018. Proliferation of affordable housing and recent infrastructural developments are expected to create an environment conducive to growth.
Regionally, North America exhibited stronghold in the global property management software market. The rising adoption of property management software across the region has catapulted it to the global market’s fore. According to the report, the market is also expected to witness steady rise in Asia Pacific, Europe, and the Middle East and Africa through the forecast period.
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The report also profiles some of the leading players in the global property management software market. These are Arthur Online Ltd., London Computer Systems, Property Boulevard, Maintenance Connection, First byte Solutions Ltd., MRI Software, LLC, Re-Leased Software Company Ltd., Skyline Property Management, and others.
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