Property Management Market Size, Share & Forecast 2024-2033

The new report published by The Business Research Company, titled ""Property Management Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the property management market size has grown strongly in recent years. It will grow from $19.38 billion in 2023 to $21.17 billion in 2024 at a compound annual growth rate (CAGR) of 9.2%. The property management market size is expected to see strong growth in the next few years. It will grow to $30.30 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%.

Download Free Sample Report @ https://www.thebusinessresearchcompany.com/sample.aspx?id=14781&type=smp

Rising Real Estate Investments Fuels Growth In Property Management
Rising real estate investments are expected to propel the growth of the property management market going forward. Real estate investment refers to the acquisition, ownership, management, rental, or sale of real estate for profit. It can involve various types of properties, including residential, commercial, industrial, or land. Real estate investments are increasing due to low-interest rates, growing demand for property assets, and a favorable economic outlook. As investors diversify their portfolios and capitalize on real estate's potential returns, they utilize professional property management services to handle day-to-day operations, tenant relations, maintenance, financial management, and maximizing property value. For instance, in January 2022, according to the National Association of Realtors (NAR), a US-based trade association company, commercial property sales increased to $809 billion in 2021, almost doubling the total from 2020. Additionally, rental properties in multifamily sales surged by 128% to reach $335.3 billion compared to the previous year. Therefore, rising real estate investments are driving the growth of the property management market.

Development Of Technological Solutions In Property Management
Major companies operating in the property management market are focused on developing advanced technological solutions, such as vacation property management solutions, to help property managers optimize their revenue and occupancy. Vacation property management solutions refer to platforms designed to assist property owners in managing their vacation rental properties efficiently and effectively with a range of tools and features tailored specifically for vacation rental management. For instance, in October 2023, Streamline VRS, a US-based property management software company, launched Streamline One, a revolutionary all-in-one solution designed for property managers in the vacation rental industry. The platform offers a unified solution that includes various components such as property management software, CRM (customer relationship management) and homeowner acquisition, revenue management, payments and guest verification, mobile solutions, insurance, websites and marketing, call solutions, and training resources. This platform offers comprehensive tools to streamline operations and enhance business growth.

The property management market covered in this report is segmented -

1) By Component: Solutions, Services
2) By Deployment Mode: Cloud, On-Premises
3) By Application: Residential, Commercial, Other Applications
4) By End-User: Housing Associations, Property Managers And Agents, Property Investors, Other End-Users

Buy Now & Get Exclusive Discount on this Report, Checkout link @
https://www.thebusinessresearchcompany.com/Discount?id=14781&type=discount

Major companies operating in the property management market are Vanke Co. Ltd., International Business Machines Corporation, Evergrande Group, SAP SE, Jones Lang LaSalle Incorporated, Poly Property Group Co. Ltd., Colliers International Group Inc., Trimble Inc., Mapletree Investments Pte Ltd, Savills Singapore Pte Ltd, Yardi Systems Inc., RealPage Inc., AppFolio Inc., Entrata Inc., Southern Management Corporation, Quintessentially Estates Limited, Abacus Group LLC, Lee & Associates Commercial Real Estate Services Inc., Marsh & Parsons Limited, Summit Management Services Inc., Blue Sky Luxury, Archibus Inc., Rhodo Property & Estate Management Services, Rently Inc., Premier Property Management Services, Elda Management Services Inc., Advantage Property Management Services, Alpha Property Management Services LLC, Rosen Management Services, Orchard Block Management Services

Contents of the report:
1. Executive Summary
2. Property Management Market Report Structure
3. Property Management Market Trends And Strategies
4. Property Management Market - Macro Economic Scenario
5. Property Management Market Size And Growth
…..
27. Property Management Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

Explore the report store to make a direct purchase of the report @ https://www.thebusinessresearchcompany.com/report/property-management-global-market-report

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Learn More About The Business Research Company

The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

This release was published on openPR.