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Property Management Software Market was estimated USD 2,775 million in 2019 and will grow at 4.3% CAGR by 2027 | Size, Share & Report Analysis

09-20-2022 12:34 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: GMI Research

Property Management Software Market

Property Management Software Market

Property Management Software Market

The Property Management Software Market was calculated around USD 2,775 million in 2019 and is expected to grow at a CAGR of 4.3% over the forecast period (2020-2027).

For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/property-management-software-market-analysis-industry-research/

The factors driving the growth of Property Management Software Market includes growing demand for web-based services including Software as a Service (SaaS), rise in the construction of residential buildings and apartments and government initiatives promoting digitalization. According to the report published by Statista, the revenue generated by real estate companies worldwide was valued around USD 9.5 billion in 2021 and this figure is expected to reach USD 14.6 billion by the end of 2030, which will accelerate the Global Property Management Software Market in the approaching years. Moreover, the integration of advanced technologies such as Artificial Intelligence (AI) and Machine Learning with property management software, rapid urbanization and increasing disposable incomes, are some of the additional factors supplementing the Property Management Software Market Size. In addition, property management software provides 24*7 support to customers through its AI enabled chatbot, tracks and gather financial details and eases payments between tenants and contractors, are some of the features pushing the market growth.

The leading players operating in the market are MRI Software LLC, RealPage, Inc., REI Master, AppFolio, Inc., Buildium, CORELOGIC, Yardi Systems Inc., Entrata, Inc., InnQuest Software and IQware Inc., among others.

Based on Deployment, the Cloud segment is predicted to expand at a significant CAGR during the forecast period

Cloud based software provides backup facility, increasingly used by property managers and housing associations and are scalable, are some of the factors responsible for the segment's growth.

Based on End-User, the Property Managers/Agents segment is projected to grow at a remarkable CAGR over the forecast period 

Property management software helps property managers to settle due without physically travelling to bank, manage maintenance request and rise in the number of commercial properties, are propelling the growth of the segment.

Based on Region, the Asia-Pacific region is anticipated to expand at a robust CAGR during the forecast period

Rapid growth in the real estate industry, growing adoption of advanced technologies, rising demand for web-based services including Software as a Service (SaaS), increasing per capita income and high population growth rates, are some of the important factors Property Management Software Market share the market growth in Asia-Pacific region.

Market Segmentation

Segmentation by Deployment

Cloud
On-Premises

Segmentation by Application

Residential
Commercial

Segmentation by End-User

Housing Associations
Property Managers/Agents
Property Investors
Others

Segmentation by Region

Asia Pacific
China
Japan
India
Rest of APAC

North America
United States of America
Canada

Europe
United Kingdom
Germany
France
Spain
Rest of Europe

RoW
Brazil
South Africa
Saudi Arabia
UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe - +353 1 442 8820; US - +1 860 881 2270
Address: Dublin, Ireland
Website: https://www.gmiresearch.com/

Level 1, The Chase Carmanhall Road, Sandyford Industrial Estate, Dublin D18 Y3X2, Ireland

GMI Research's leadership team with extensive experience in research and consulting together with our research and domain expertise creates a strong value proposition to create solutions that addresses our clients business problems and add significant value to long lasting relationship.

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