PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1567204
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1567204
The global real estate property management market is estimated to be valued at USD 22.56 Billion in 2024 and is expected to reach USD 37.78 Billion by 2031, exhibiting a compound annual growth rate (CAGR) of 7.6% from 2024 to 2031.
Report Coverage | Report Details | ||
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Base Year: | 2023 | Market Size in 2024: | US$ 22.56 Bn |
Historical Data for: | 2019 To 2023 | Forecast Period: | 2024 To 2031 |
Forecast Period 2024 to 2031 CAGR: | 7.60% | 2031 Value Projection: | US$ 37.78 Bn |
The global real estate property management market has been witnessing steady growth over the past few years. Real estate property management refers to the oversight of residential, commercial, and industrial properties for property owners and tenants. It involves handling responsibilities ranging from administrative tasks like rent collection, bookkeeping, and marketing vacant units, to providing facilities like security, maintenance, and custodial services. Rising complexities in the real estate sector have increased the need for professional property management services which provide ease of management and accountability. Moreover, in recent years, more individual property owners have opted for property management services to manage their portfolios efficiently without extensive time involvement. This has augmented the growth of the global real estate property management market.
Major drivers propelling the global real estate property management market include growing urbanization leading to increased construction of residential and commercial spaces, coupled with rising inclination towards rental properties and tenants over owned properties. Moreover, the advent of advanced technologies like IoT, AI, and analytics have enabled property managers to provide digitized service experience to customers, thereby augmenting their demand. However, high dependency on property conditions and local economic and political factors make this market highly volatile. Opportunities for market players lie in leveraging innovative digital solutions to automate processes, provide personalized services, and gain competitive edge.
This report provides in-depth analysis of the global real estate property management market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global real estate property management market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Accruent, AppFolio, Inc., Apartment Management Consultants, LLC, BH Management Services, Cushman & Wakefield, Entrata, Inc., Greystar Real Estate Partners, IBM Corporation, JLL (Jones Lang LaSalle), Lincoln Property Company, MRI Software LLC, Oracle, RealPage, Inc., SAP SE, and Yardi Systems, Inc.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global real estate property management market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global real estate property management market
Detailed Segmentation-