Property Management Software Market Size, Growth, Competitive Analysis and Industry Trends 2022-2027

According to IMARC Group's latest report, titled "Property Management Software Market: Global Industry Trends, Size, Share, Growth, Opportunity and Forecast 2022-2027", the global property management software market reached a value of US$ 2.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 3.2 Billion by 2027, exhibiting a CAGR of 5.4% during 2022-2027.

Covid-19 Impact:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Industry Definition and Application:

Property management software (PMS) streamlines and automates various administrative processes of residential and commercial accommodations by centralizing legalities, personnel, and building maintenance tasks on a single platform. It is used to perform financial reporting, store online documents, and enable managers to organize several work assignments while reducing human errors. This, in turn, assists property owners in responding to the grievances of tenants, minimizing communication gaps, scheduling meetings, simplifying rent collection procedures, and tracking leaseholders.

Market Trends and Drivers:

The widespread adoption of PMS across small- and medium-sized real estate businesses can be attributed to the increasing demand for web-based services to address consumer concerns. Additionally, the widespread adoption of remote work models due to the COVID-19 outbreak has facilitated the need for workforce mobility and other integrated facility management solutions, such as PMS, to access official assets and decrease the organization's physical infrastructure requirements. This, in turn, is propelling the market growth. Apart from this, the proliferation of smartphones and the large-scale integration of cloud technology, artificial intelligence (AI), machine learning, virtual and augmented reality (VR/AR), and point of sale (POS) platforms with PMS to meet consumer-specific needs are supporting the market growth.

Property Management Software Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the property management software market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

Accruent LLC (Fortive Corporation)
Appfolio Inc.
Chetu Inc.
Console Australia Pty Ltd
Corelogic Inc.
London Computer Systems Inc.
MRI Software LLC
Oracle Corporation
Realpage Inc.
Resman LLC
Yardi Systems Inc.

Key Market Segmentation:

The report has segmented the property management software market on the basis of component, application and region.

Breakup by Component:

Software
On-Premises
Cloud-Based
Services
System Integration
Training and Support
Consulting

Breakup by Application:

Non-Residential
Retail Spaces
Office Spaces
Hotels
Others
Residential
Multi-Family Housing
Single-Family Housing
Others

Breakup by Region:

North America (United States, Canada)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Turkey, South Africa, Others)

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Key Highlights of the Report:

Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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