Global Property Management Software Market Growth 2024, Forecast To 2033
23 Feb, 2024
The property management software market has grown steadily, increasing from $1.78 billion in 2023 to $1.86 billion in 2024, with a 4.2% CAGR. This growth is attributed to efficiency and time savings, remote property management, financial management, tenant and lease management, compliance and regulations, and user-friendly interfaces. Looking ahead, the market is expected to reach $2.24 billion in 2028, with a 4.8% CAGR, driven by customer relationship management, predictive maintenance solutions, energy efficiency and sustainability, tenant portals for self-service, dynamic pricing strategies, and advanced reporting and analytics. Major trends in the forecast period include smart building integration, virtual tours and 3D visualization, dominance of cloud-based solutions, globalization and multinational property management, advanced reporting and business intelligence, and dynamic pricing strategies.
Global Property Management Software Market Key Driver
Investments in smart cities are boosting the property management software market, aligning with global initiatives for sustainable urban development (Source: Various Smart City Initiatives).
Get A Free Sample Of The Global Property Management Software Market ReportGlobal Property Management Software Market Segments
The property management software market covered in this report is segmented –
1)By Deployment: Cloud, On-premise
2)By Application: Residential, Commercial
3)By End-User: Housing Associations, Property Managers/Agents, Property Investors, Other End-Users
By Geography: The regions covered in the template market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
North America was the largest region in the property management software market in 2023. 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
Major Property Management Software Industry Players
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.
Get The Full Global Property Management Software Market Report
Property Management Software Market Overview
Property management software refers to a software application used to manage hotels and other types of rental homes for businesses. To plan, coordinate, and carry out the daily tasks and transactions required in the lodging industry, PMS offers a centralised computer system. It reduces the amount of manual effort required for rent collection, maintenance, and repair scheduling.
Property Management Software Global Market Report 2023 provides data on the global property management software market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The property management software market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.