Property Management Software Global Market Report 2024

Description

“Property Management Software Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on property management software market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
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Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for property management software? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The property management software market global report ” from The Business Research Company answers all these questions and many more.

The 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.

Scope

Markets Covered:

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
Companies Mentioned: AppFolio Inc.; Console Australia Pty Ltd.; CoreLogic Inc.; Entrata Inc.; InnQuest Software Corporation
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

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 from The Business Research Company 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 size has grown steadily in recent years. It will grow from $1. 78 billion in 2023 to $1. 86 billion in 2024 at a compound annual growth rate (CAGR) of 4. 2%. The growth observed in the historical period can be attributed to factors such as efficiency and time savings, the ability for remote property management, financial management capabilities, effective tenant and lease management, compliance with regulations, and user-friendly interfaces. These aspects contribute to the overall appeal and adoption of property management software.

The property management software market size is expected to see steady growth in the next few years. It will grow to $2. 24 billion in 2028 at a compound annual growth rate (CAGR) of 4. 8%. The anticipated growth in the forecast period can be attributed to factors such as customer relationship management, the adoption of predictive maintenance solutions, a focus on energy efficiency and sustainability, the implementation of tenant portals for self-service, the application of dynamic pricing strategies, and the utilization of advanced reporting and analytics. Major trends expected in the forecast period include the integration of smart building technologies, the use of virtual tours and 3D visualization, the dominance of cloud-based solutions, the globalization of property management with a multinational focus, and the continued emphasis on advanced reporting and business intelligence, as well as 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.

The integration of artificial intelligence (AI) in property management software applications is a notable trend gaining traction in the market. AI-enabled applications play a crucial role in various real estate functions, including marketing campaigns, property portfolio management, leasing, accounting, and operations. For instance, Facilio Inc. introduced a linked computerized maintenance management system (CMMS) solution powered by AI, aiming to streamline operations, reduce costs, and adapt to changing client demands in the real estate sector.

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 October 2021, Property Vista, a Canada-based property management software solutions company, acquired National Efficiency Systems Inc (LeadManaging) Corporation for an undisclosed amount. This acquisition allows Property Vista to offer intelligent customer experiences, utilizing lead and occupant data to gain deeper insights and make smarter rental decisions. LeadManaging is a Canada-based company specializing in real-time connections and lead-tracking for property management.

Major companies operating in the in the property management software market report are 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 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

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.

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.

Product Code: r10541

1. Executive Summary

2. Property Management Software Market Characteristics

3. Property Management Software Market Trends And Strategies

4. Property Management Software Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Property Management Software Market Size and Growth

5.1. Global Property Management Software Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Property Management Software Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Property Management Software Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Property Management Software Market Segmentation

6.1. Global Property Management Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Cloud
On-Premise
6.2. Global Property Management Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Residential
Commercial
6.3. Global Property Management Software Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Housing Associations
Property Managers/Agents
Property Investors
Other End-Users

7. Property Management Software Market Regional And Country Analysis

7.1. Global Property Management Software Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Property Management Software Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Property Management Software Market

8.1. Asia-Pacific Property Management Software Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Property Management Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Property Management Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. 4. Asia-Pacific Property Management Software Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Property Management Software Market

9.1. China Property Management Software Market Overview
9.2. China Property Management Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Property Management Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9. 4. China Property Management Software Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Property Management Software Market

10.1. India Property Management Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Property Management Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Property Management Software Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Property Management Software Market

11.1. Japan Property Management Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.2. Japan Property Management Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Property Management Software Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Property Management Software Market

12.1. Australia Property Management Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Property Management Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Property Management Software Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Property Management Software Market

13.1. Indonesia Property Management Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Property Management Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Property Management Software Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Property Management Software Market

14.1. South Korea Property Management Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.2. South Korea Property Management Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Property Management Software Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Property Management Software Market

15.1. Western Europe Property Management Software Market Overview
15.2. Western Europe Property Management Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Property Management Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. 4. Western Europe Property Management Software Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Property Management Software Market

16.1. UK Property Management Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Property Management Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Property Management Software Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Property Management Software Market

17.1. Germany Property Management Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Property Management Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Property Management Software Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Property Management Software Market

18. 5. France Property Management Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. 6. France Property Management Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. 7. France Property Management Software Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Property Management Software Market

19. 9. Italy Property Management Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.10. Italy Property Management Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.11. Italy Property Management Software Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Property Management Software Market

20.13. Spain Property Management Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.14. Spain Property Management Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.15. Spain Property Management Software Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Property Management Software Market

21.1. Eastern Europe Property Management Software Market Overview
21.2. Eastern Europe Property Management Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Property Management Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. 4. Eastern Europe Property Management Software Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Property Management Software Market

22.1. Russia Property Management Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Property Management Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Property Management Software Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Property Management Software Market

23.1. North America Property Management Software Market Overview
23.2. North America Property Management Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Property Management Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. 4. North America Property Management Software Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Property Management Software Market

24.1. USA Property Management Software Market Overview
24.2. USA Property Management Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Property Management Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. 4. USA Property Management Software Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Property Management Software Market

25.1. Canada Property Management Software Market Overview
25.2. Canada Property Management Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Property Management Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. 4. Canada Property Management Software Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Property Management Software Market

26.1. South America Property Management Software Market Overview
26.2. South America Property Management Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Property Management Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. 4. South America Property Management Software Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Property Management Software Market

27.1. Brazil Property Management Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Property Management Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Property Management Software Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Property Management Software Market

28.1. Middle East Property Management Software Market Overview
28.2. Middle East Property Management Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Property Management Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. 4. Middle East Property Management Software Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Property Management Software Market

29.1. Africa Property Management Software Market Overview
29.2. Africa Property Management Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Property Management Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. 4. Africa Property Management Software Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Property Management Software Market Competitive Landscape And Company Profiles

30.1. Property Management Software Market Competitive Landscape
30.2. Property Management Software Market Company Profiles
- 30.2.1. AppFolio Inc.
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1. 4. Financial Performance
- 30.2.2. Console Australia Pty Ltd.
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2. 4. Financial Performance
- 30.2.3. CoreLogic Inc.
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3. 4. Financial Performance
- 30.2. 4. Entrata Inc.
  - 30.2. 4.1. Overview
  - 30.2. 4.2. Products and Services
  - 30.2. 4.3. Strategy
  - 30.2. 4. 4. Financial Performance
- 30.2. 5. InnQuest Software Corporation
  - 30.2. 5.1. Overview
  - 30.2. 5.2. Products and Services
  - 30.2. 5.3. Strategy
  - 30.2. 5. 4. Financial Performance

31. Global Property Management Software Market Competitive Benchmarking

32. Global Property Management Software Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Property Management Software Market

34. Property Management Software Market Future Outlook and Potential Analysis

34.1 Property Management Software Market In 2028 - Countries Offering Most New Opportunities
34.2 Property Management Software Market In 2028 - Segments Offering Most New Opportunities
34. 3 Property Management Software Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35. 4. Research Inquiries
35. 5. The Business Research Company
35. 6. Copyright And Disclaimer