Property Management Software Market Report 2025

This Property Management Software report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The property management software market size has grown strongly in recent years. It will grow from $6.07 billion in 2024 to $6.67 billion in 2025 at a compound annual growth rate (CAGR) of 9.9%. 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 rapid growth in the next few years. It will grow to $9.79 billion in 2029 at a compound annual growth rate (CAGR) of 10%. 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.

The anticipated increase in investments in smart cities is set to drive the growth of the property management software market in the forecast period. Governments worldwide are actively investing in the development of smart cities, utilizing information and communication technologies to enhance urban services. This creates a demand for efficient property management, with the European Union actively supporting smart city initiatives through funds for research and sustainability targets. The concept of smart cities is gaining traction in developing nations as well, with over 1,000 smart city pilot projects globally, and around 500 of these projects are underway in China. Consequently, the investment in smart cities is poised to be a significant factor propelling the growth of the property management software market.

The escalating trend of business travel is expected to be a driving force for the property management software market. Business travel, involving journeys made by individuals for work-related purposes, is on the rise. Property management software offers streamlined booking and reservation management, expense tracking, maintenance services, security features, data analytics, and other conveniences, catering to the needs of business travelers. For instance, the Global Business Travel Association reports that the United States witnesses an average of 1. 3 million business trips per day, with over 405 million long-distance business trips made by Americans annually. Therefore, the increasing prevalence of business travel is fueling the growth of the property management software market.

Artificial intelligence (AI)-enabled applications are becoming a significant trend in the property management software market. These applications help real estate companies with various functions, including marketing campaigns, property portfolio management, leasing, accounting, and operations. For example, in September 2024, Guesty, an Israel-based property management software platform, launched two AI-powered features: an AI Assistant website builder and ReviewSmart AI. Guesty’s AI Assistant allows property managers to create websites using generative AI, streamlining the process, while ReviewSmart AI is an intelligent analytics tool that categorizes negative guest reviews into actionable insights. This new tool automates the review analysis process, saving time and enabling property managers to make data-driven decisions that improve operations and increase guest satisfaction.

Major companies in the property management software market are innovating by introducing solutions tailored for co-living spaces, aiming to gain a competitive edge. These solutions encompass features such as flexible lease management, automated roommate matching, and real-time communication to enhance the co-living experience. Lavanda, a UK-based software company, launched the co-living sector's first dedicated Property Management Software (PMS) in October 2022. This innovative software addresses property management challenges for co-living operators by providing flexible leasing options, reducing management costs, and optimizing asset performance through intelligent automation.

In June 2024, Entrata, a US-based property management software company, acquired Colleen AI for an undisclosed sum. This acquisition is intended to enhance Entrata's artificial intelligence capabilities in the property management sector, aiming to reduce the time spent on routine tasks. As a result, property managers will be able to concentrate more on strategic initiatives and resident engagement. Colleen AI is a US-based company that specializes in autonomous, AI-enabled property management software.

Major companies operating in the property management software market include 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.

North America was the largest region in the property management software market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the property management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the property management software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

Property management software (PMS) refers to a software application used to manage hotels and other types of rental properties for businesses. It provides a centralized computer system to plan, coordinate, and execute the daily tasks and transactions required in the lodging industry. The software aims to streamline processes such as rent collection, maintenance, and repair scheduling, reducing the manual effort needed for these tasks.

The main deployment types for property management software are cloud-based and on-premise solutions. In the cloud model, services are hosted on a remote server, allowing clients to access the software over the internet. This setup facilitates various integration, automation, and business process enhancement needs. Property management software finds applications in both residential and commercial settings. It is utilized by a range of end-users, including housing associations, property managers/agents, property investors, and other entities involved in property management.

The property management software research report is one of a series of new reports that provides property management software statistics, including property management software industry global market size, regional shares, competitors with property management software share, detailed property management software segments, market trends and opportunities, and any further data you may need to thrive in the property management software industry. This property management software research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The property management software market includes revenues earned by entities by providing front-desk operations, managing reservations, rate, and occupancy of a hotel. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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