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Land Management Software Market Growth Drivers and Analysis 2024
Land Management Software Market Growth
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According to The Business Research Company's, The land management software market size has grown strongly in recent years. It will grow from $1.85 billion in 2023 to $2.00 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to rising advanced technological infrastructure, adoption of digital solutions in real estate and land-related activities, real estate and urban development sectors, demand for sophisticated land management software, stringent environmental regulations.
The land management software market size is expected to see strong growth in the next few years. It will grow to $2.73 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to the growing demand for novel software solutions, increasing need for effective land administration, the growing use of digital solutions to improve compliance and productivity. Major trends in the forecast period include integration of advanced geospatial intelligence, technological breakthroughs like AI-powered analytics, rising GIS integration, cutting-edge software development, benchmarks in the development.
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Market Drivers and Trends:
The rising prevalence of gastrointestinal disorders is expected to propel the growth of the gastroretentive drug delivery systems outsourcing market going forward. Gastrointestinal disorders refer to a wide range of diseases affecting the digestive tract, which includes the stomach, liver, gallbladder, intestines, and pancreas. Gastrointestinal disorders are rising due to aging populations, antibiotic use, infectious agents, dietary changes, stress and lifestyle factors, and obesity. Outsourcing gastroretentive drug delivery systems provides pharmaceutical companies with the resources and expertise needed to address the growing burden of gastrointestinal disorders, ultimately improving patient outcomes and quality of life. For instance, according to the International Foundation for Gastrointestinal Disorders (IFFGD), a nonprofit education and research organization, it's estimated that 5-10% of the global population and 25-45 million people in the U.S. have Irritable bowel syndrome (IBS), a common functional gastrointestinal disorder, which accounts for 20-40% of gastroenterologist visits, significantly impacting individuals and healthcare resources. Therefore, the rising prevalence of gastrointestinal disorders is driving the gastroretentive drug delivery systems outsourcing market.
Major companies operating in the land management software market focus on developing marketplace platforms, such as property management software integrations, to streamline the presentation design process, making it quicker and easier for users. Marketplace platforms for property management software are digital ecosystems that connect property managers, landlords, and tenants with various property management tools and services. For instance, in June 2022, AppFolio Inc., a US-based software company, launched the AppFolio Stack Marketplace, a platform designed to modernize property management software integrations. This marketplace aims to provide specialized solutions for property managers to efficiently manage complex portfolios and run their businesses from a centralized hub. Property managers can integrate various solutions, empowering them to increase productivity, simplify workflows, and improve resident experiences.
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Major Key Players of the Market:
CBRE Group Inc., Jones Lang LaSalle Incorporated, Cushman & Wakefield Inc., Borealis AG, Colliers International Group Inc., Essex Property Trust Inc., Stream Realty Partners LP, Kidder Mathews Inc., Quorum Software Solutions Inc., CSM Technologies, Constellation HomeBuilder Systems, Accela Inc., Pandell Technology Corporation, Peloton Computer Enterprises Inc., Computronix LLC, Building Engines Inc., Avison Young Inc., MaintStar, Cortland, Tyler Technologies Inc., Bitco Software, Citizenserve, CyberSWIFT, Edward Rose Building Enterprise
Land Management Software Market 2024 Key Insights:
• The land management software market size is expected to see strong growth in the next few years. It will grow to $2.73 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%.
• Digital Solutions Propel Growth In The Land Management Software Market
• Innovation With Marketplace Platforms To Enhance Land Management Software
• North America was the largest region in the land management software market in 2023
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