Property Management Software Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021 to 2029

Rising Trend of Workplace Mobility Has Increased the Demand for Property Management Software Market

Globally, the property management software market is expected to grow with a CAGR of 5.8% during the forecast period from 2021 to 2029 and has registered a market value of US$ 14.73 Bn in 2020. The property management software is defined as the application, which is used to perform various operations for residential, commercial, rental properties and hospitality accommodations. The software provides different data and parameters associated with the property such as agreements, lease timelines, integrated banking, electronic lease, online document storage, and others.

The increasing infrastructure globally, due to the rising population has led to increasing in the demand for new houses and buildings, which is affecting the growth of the property management software market globally. The software fetches the information related to the property and the earlier transactions made for the property, allowing the user to manage and maintain the property information.

Property Management Software with On-Premise in its Deployment Segment Dominates the Market

In 2020, the overall property management software market was led by the On-premise segment contributing to a high percentage of the market share of the total revenue generated globally in 2020 and is expected to grow with a CAGR of more than 5.0% during the forecast period. Companies use on-premise software as a traditional way of installation. However, the cloud segment is expected to be the fastest-growing segment during the forecast period and is expected to dominate the market during the year 2029.

The cloud allows the users to operate the software without any problem irrespective of the place. Thus, the flexibility of the cloud allows the user to use the software from anywhere and on any device is expected to drive the market during the coming years.

North America Dominates the Market by Region

The global property management software market was led by North America with a market share of more than 35.0% in the year 2020. This is due to the increasing development of infrastructure in the region and the increasing number of migrated people. Moreover, the region is one of the earliest adopters of technology and increasing the trend of work from home is one of the major factors which is driving the market in the region. As the operator can access the software from anywhere and can work with the help of the cloud by accessing the software integrated with it, allowing the property agents to keep track of the properties and manage accordingly.

Some of the prominent players operating in the property management software are JLL Incorporated, IBM Corporation, Oracle Corporation, Trimble Inc., SAP SE, RealPage Inc., Yardi Systems Inc., Console Australia, AppFolio Inc., MCS Solutions LLC, FSI Inc., ARCHIBUS Inc., Planon Corporation, Entrata Inc., Accruent LLC, London Computer Systems, and iOFFICE Inc.

Historical & Forecast Period

This research report presents the analysis of each segment from 2019 to 2029 considering 2020 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segment calculated for the forecast period from 2021 to 2029.

Report Scope by Segments

The property management software market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global property management software market based on component, deployment, application, end-user and geography. Key segments covered in the report are as follows:

Component Segment (2019-2029; US$ Bn)

• Software/Solution
• Services

Deployment Segment (2019-2029; US$ Bn)

• On-Premise
• Cloud

Application Segment (2019-2029; US$ Bn)

• Commercial
• Residential

End-User (2019-2029; US$ Bn)

• Housing Associations
• Property Managers

Geography Segment (2019-2029; US$ Bn)

• North America (U.S., Rest of North America)
• Europe (U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, Japan, India, Rest of Asia Pacific)
• Rest of the World (Middle East & Africa, Latin America)

Key questions answered in this report

• What was the market size of property management software in 2020 and forecast up to 2029?
• Which is the largest regional market of on-premise in deployment segment?
• What are the major trends followed in property management software market across different regions?
• Who is the key property management software companies leading the market?
• What are the key strategies adopted by the leading property management software companies in market?

Unique data points of this report

• Statistics on property management software penetration and spending worldwide
• Recent trends across different regions in terms of adoption of property management software.
• Notable developments going on in property management software market
• Attractive investment proposition for segments as well as geography
• Comparative scenario for all the segments for years 2020 (actual) and 2029 (forecast)

This product will be delivered within 2 business days.