- Report ID: BMRC 1367 | Number of pages: 200 | Publish Date: Oct 2020
Status: Published | Category: Technology And Media | Delivery Timeline:
Property Management Software Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2020-2025. Increasing demand for digital marketing and rising demand of new digital technologies from commercial and residential sectors are some factors which drive the growth of property management software market.
Scoper of the Property Management Software Market Report
Property management software is a program design to help property manager to manage commercial and residential properties on their own. The software includes maintenance, accounting, communication, inspection and reporting feature. The property management software allows local property manager and maintains day-to-day operations of their property. For commercial property the major focus of property management is on risk management, maintenance and communication. The property management services collect fees by deducting certain amount of percentage while each rent payment. The property management software market also connected with other applications such as hotel point-of-sale or the CRS. The first property management system in hospitality was appeared in 1980 in property market. The advancement of cloud computing management expands facilities towards new service areas such as online check-in or online check out, room service and many more such services. The property management system is also used by local government authorities; these authorities manage and hold large properties such as social housing, parks, industrial estates, schools and even pub and many more. This all is necessary income earners for local authority.
The global property management software market is segmented on the basis of deployment type, solution and region and country level. On the basis of deployment type, the global property management software market is divided into cloud and on-premise. Based on solution the global property management software market is segmented as software and services, further services is segmented as consulting, system integration and training and support and other.
The regions covered in global property management software market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, global property management software market sub divided in U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Global property management software market reports cover prominent players like yardi System, Tenantcloud, AppFolio, Buildium, Property Boulevard, MRI Software, Argus Software, Accruent, Promas, ManageCase, RentPost, RealPage, Rentec Direct and many other.
Global Property Management Software Market Dynamics –
The key factor for the growth of global property management software market is increasing demand of new digital technologies from residential and commercial sector. The property management software have evolved from past few year such as automation services to a wide variety of property management tasks ranging from vacancy, notice and circulars, lease and preparation of invoices this leads to increase the demand of property management software. The use of global property management software is high in hotel management industry, the software handle various department within hotel to manage the property effectively. The software helps hotels regarding check in, check out, discounts and offer and many other such attributes which saves time and increases better communication, and standardizes hotel management and facility. The property management software industry was account 2377.70 million USD in 2019 and going to increase in coming years.
High fluctuation in cost and low technical support is restraining the growth of global property management software. And also lack of knowledge in underdeveloped countries may also affect the growth of global property management software market. However increase in popularity and development of technical infrastructure increases the opportunity in property software market in upcoming period.
Key Benefits for Property Management Software Market Reports –
Property Management Software Market Segmentation –
By Deployment Type
Property Management Software Market Regional Analysis –
North America holds the highest shares in global property management software market. It is due to availability of higher expertise and technical infrastructure increases the demand of global property management software market in North America region. Asia Pacific is also exhibits strong growth in property management software market. It is due to adoption of digital transformation and increase in outsourcing in Asia Pacific countries also fuels the market growth. European Union is also emerging its contribution in global property management software market. Due rising awareness of property management software has been driving the growth of the market.
By Regional & Country Analysis
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Property Management Software Market Size By Deployment Type ( On-premise, Cloud), By Solution ( Services, Software) Forecast Report 2020 to 2026