Press release
Real Estate Asset Management Software Market is Expected to Reach US$ 43.33 Bn by the End of 2033 -Juniper Square, Investor Management Services, View The Space, Archibus, Groundbreaker Technologies, Visual Lease, Trimble, Altus Group, Corrigo, AtlasX, CNE
The global property management software market size was valued at USD 4.12 billion in 2021 and is expected to exhibit a compound annual growth rate (CAGR) of 6.6% from 2022 to 2032. The market is expected to witness an incremental surge in demand for Property Management Software (PMS) owing to escalating demand for web-based services including Software as a Service (SaaS) by property management software providers. SaaS-enabled PMS helps manage daily operations including tenant and lease tracking, building maintenance, and accounting, among others. The software provides a centralized platform to view all the properties and also enables supervision of other property-related operations, such as maintenance tasks and addressing the requirements of tenants.Leading players of Real Estate Asset Management Software including:
Juniper Square, Investor Management Services, View The Space, Archibus, Groundbreaker Technologies, Visual Lease, Trimble, Altus Group, Corrigo, AtlasX, CNERGY, Accruent, Zoho, Dealpath, Lucid, Dynamo Software, Display Systems
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Deployment Insights
The cloud segment accounted for the largest revenue share of more than 58.00% in 2021 and is expected to continue its dominance over the forecast period. This is attributed to the growing adoption of cloud deployment among various end users including property managers, housing associations, and corporate occupiers, among others. Factors, such as scalability, ease of use, cost-effectiveness, and fewer disputes with tenants are encouraging small, medium, and large enterprises to shift toward cloud-based property management solutions. Also, cloud-based PMS software offers a backup facility and seamless data integration, which helps in preventing data loss.
As a result of these issues, the Real Estate Asset Management Software industry has been hampered. Because of the industry's small number of important enterprises, the Real Estate Asset Management Software area is heavily targeted. Customers would benefit from this research since they would be informed about the current Real Estate Asset Management Software scenario. The most recent innovations, product news, product variants, and in-depth updates from industry specialists who have effectively leveraged Real Estate Asset Management Software position are all included in this research study. Many firms would benefit from Real Estate Asset Management Software research study in identifying and expanding their global demand. Micro and macro trends, important developments, and their usage and penetration across a wide variety of end-users are also included in the Real Estate Asset Management Software segment.
The market analysis done with statistical tools also helps to analyze many aspects that include the demand, supply, storage costs, maintenance, profit, sales, and production details of the market. Furthermore, the global Real Estate Asset Management Software research report provides the details about the Real Estate Asset Management Software share, import volume, export volume, and the gross margin of the companies.
Regional Insights
North America accounted for the largest revenue share of more than 62.5% in 2021. This is attributed to the presence of prominent players in the region. The U.S. dominates the North America regional market in the current scenario owing to an increasing number of hotel spaces in the country. Europe accounted for the second-largest market share in 2021. The growth can be attributed to the strong presence of a large number of commercial and residential buildings, along with a high degree of digitalization in the region. The market in Asia Pacific is expected to grow at the fastest CAGR from 2022 to 2030.
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Opportunities: - (Rise of government funds across the globe)
Over the past few years, the worldwide governments are spending a hefty amount of money for the enhancement of Saas technology which in turn will provide ample opportunities for the market in the future.
Global Property Management Software Market Analysis: -
The Global Property Management Software Market is broadly segmented based on deployment, Application, End-user, and Regions.
Based on Deployment:
On-premises
Cloud
Based on Applications
Residential
Single-family Housing Apartments
Multi-family Housing Apartments
Others
Commercial
Office Spaces
Retail Spaces
Hotels
Others
Based on End-User:
Property Managers and Agents
Housing Association
Property Investors
Others
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Recent Developments
On Dec 15th, 2021, Oracle Corporation announced that its newly launched OPERA Cloud Property Management Software System is on the verge of getting implemented across hotels worldwide. Hotels around the globe are checking into Oracle Hospitality OPERA Cloud property management software system (PMS) to improve their operations further and deliver great guest experiences. Since the past six months, Oracle has witnessed a 300% hike in customers using OPERA Cloud software and hence it gradually became one of the latest trends in property management systems across the globe.
On May 19th, 2021, Honeywell SAP launched Connected Buildings Solution Software to help the operators take wise decisions in their Real Estate businesses. This software system streamlines & combines the operational and business data for the property managers and owners to support their better decision-makings, reach sustainability goals quickly and drive greater efficiencies. This new solution called Honeywell Forge Real Estate Operations further enhanced the Honeywell Forge enterprise performance management software & was developed on the SAP Business Technology Platform jointly with SAP and is also regarded as one of the best property management software for small businesses.
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