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Property Management Software Market Report 2024: Strategies And Recent Developments | AppFolio Inc., Console Australia Pty Ltd., CoreLogic Inc., Entrata Inc., InnQuest Software Corporation, IQware Inc., RealPage Inc., Yardi Systems Inc., Building Engines
Property Management Software Market Size
The Business Research Company offers in-depth market insights through Property Management Software Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The property management software market size has grown steadily in recent years. It will grow from $1.78 billion in 2023 to $1.86 billion in 2024 at a compound annual growth rate (CAGR) of 4.2%. The growth in the historic period can be attributed to efficiency and time savings, remote property management, financial management, tenant and lease management, compliance and regulations, user-friendly interfaces..
The property management software market size is expected to see steady growth in the next few years. It will grow to $2.24 billion in 2028 at a compound annual growth rate (CAGR) of 4.8%. The growth in the forecast period can be attributed to customer relationship management , predictive maintenance solutions, energy efficiency and sustainability, tenant portals for self-service, dynamic pricing strategies, advanced reporting and analytics.. Major trends in the forecast period include smart building integration, virtual tours and 3d visualization, cloud-based solutions dominance, globalization and multinational property management, advanced reporting and business intelligence, dynamic pricing strategies..
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Market Segmentation:
The property management software market covered in this report is segmented -
1) By Deployment: Cloud, On-premise
2) By Application: Residential, Commercial
3) By End-User: Housing Associations, Property Managers/Agents, Property Investors, Other End-Users
Major Driver - Smart City Investments Fuel Growth In Property Management Software Market
The increase in investments in smart cities is expected to propel the growth of the property management software market during the forecast period. Governments around the world are investing in the creation of smart cities. Smart city technologies uses information and communication technologies to efficiently manage and operate urban services, thus creating demand for efficient management of properties. The European Union is actively promoting smart city initiatives, with funds for research and sustainability targets for member states. The concept of smart cities is becoming more popular in developing nations too. For instance, more than 1,000 smart city pilot projects are either ready for or are under construction globally and around 500 of these projects are in China. Hence, the investment in smart cities is expected to drive the property management software market growth.
Competitive Landscape:
Major companies operating in the property management software market report are AppFolio Inc., Console Australia Pty Ltd., CoreLogic Inc., Entrata Inc., InnQuest Software Corporation, IQware Inc., RealPage Inc., Yardi Systems Inc., Building Engines Inc., Innago LLC, Spacewell International NV, ManageCasa Inc., Planon Corporation, Jones Lang LaSalle IP Inc., Tenant Cloud LLC, Rent Manager-London Computer Systems Inc., ResMan LLC, Total Management Inc., SS&C Technologies Inc., RentPost Inc., PropertyZar LLC, Archibus Inc., MRI Software LLC, International Business Machines Corporation, SAP SE, MAISONETTE Inc., DoorLoop Inc., CondoControl Inc., Hemlane Inc., SFR software solutions Co. Ltd.
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https://www.thebusinessresearchcompany.com/report/property-management-software-global-market-report
Top Trend - AI-Enabled Applications Transforming Property Management Software Market
Artificial intelligence (AI) enabled applications in the property management software market is a key trend gaining popularity in the market. Artificial intelligence (AI) enabled applications assist real estate companies in marketing campaigns, managing property portfolios, leasing, accounting, operations, and many other functions For instance in November 2021, FacilioInc., a real estate portfolio management platform, announced the launch of its linked computerized maintenance management system (CMMS) solution, which helps businesses streamline operations, reduce costs, and keep up with changing client demands.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Property Management Software Market Characteristics
3. Property Management Software Market Trends And Strategies
4. Property Management Software Market - Macro Economic Scenario
5. Property Management Software Market Size And Growth
…..
27. Property Management Software Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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