Property Management Software Market Size, Growth and Industry Insights 2023-2028

The latest report published by IMARC Group, titled "Property Management Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a comprehensive analysis of the industry, which comprises insights on the market share. The report also includes competitor and regional analysis, and contemporary advancements in the market.

The global property management software market size reached US$ 2.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.3 Billion by 2028, exhibiting a growth rate (CAGR) of 5.3% during 2023-2028.

Download a free sample report to get a detailed overview of the market: https://www.imarcgroup.com/property-management-software-market/requestsample

What are the growth prospects and trends in the industry?

The emergence of smart buildings, equipped with Internet of Things (IoT) devices like smart thermostats and security systems, is making property management more complex but also more data-rich which represents one of the key factors driving the growth of the global property management software market. Property management software often integrates with these devices to provide a unified management interface, which boosts operational efficiency and the ability to make data-driven decisions, thus acting as a major growth-inducing factor. In line with this, the increasing urbanization globally, particularly in emerging economies, is leading to a rise in residential and commercial properties. This expansion, combined with a more complex real estate environment is driving the need for sophisticated software solutions to manage these assets effectively, which is contributing to the growth of the market.

The market is also driven by the rise of remote working which is increasing the need for software solutions that are accessed and used from any location. Cloud-based property management software enables property managers to conduct their work remotely, thereby making these solutions particularly attractive in the modern work environment. In addition to this, the rising need to streamline operations, reduce costs, and increase efficiency is fueling the growth of the market. Property management software automates several time-consuming tasks, such as tenant communication, rent collection, and maintenance schedules, which allow managers to focus on more strategic activities. Apart from this, the increasing mobility among the workforce, coupled with changing attitudes toward homeownership, particularly among millennials and Gen Z, are resulting in a growing rental market, necessitating efficient property management solutions which are facilitating the growth of the market. Moreover, legal and regulatory complexities, non-compliance, and rising sustainability trends are some of the other factors creating a positive outlook for the market across the globe.

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 based on component, application and region.

Breakup by Component:

• Software:
o On-Premises
o Cloud-Based

• Services:
o System Integration
o Training and Support
o Consulting

Breakup by Application:

• Non-Residential:
o Retail Spaces
o Office Spaces
o Hotels
o Others

• Residential:
o Multi-Family Housing
o Single-Family Housing
o Others

Breakup by Region:

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa

Ask Analyst for Customization and Explore Full Report With TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=2325&flag=C

Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• 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.

Contact Us:
IMARC Group
134 N 4th St
Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800

About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

This release was published on openPR.