Property Management Software Market Trends, Opportunities, and Forecast by 2031

MARKET OVERVIEW

Property management software (PMS) refers to an application-based solution used by property managers to automate back-office, financial and administrative operations. It performs various functions, such as financial reporting, generating electronic agreements, storing and sharing documents online and integrated banking. It also aids in minimizing the manual labor required for collecting rents and scheduling maintenance and repair activities and the tracking of tenants and leaseholders.

MARKET SCOPE

The "Global Property Management Software Market Analysis to 2031" is a specialized and in-depth study of the technology, media and telecommunication industry with a special focus on the global market trend analysis. The report aims to provide an overview of the property management software market with detailed market segmentation by type, applications and geography. The report provides key statistics on the market status of the leading property management software market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on type, the global property management software market is segmented into on-premise PMS, cloud-based PMS
  
•   On the basis of applications, the market is segmented into household, hospitality and vacation rental, commercial, industrial
  

MARKET DYNAMICS

Drivers:

•   Significant expansion in the real estate sector, along with increasing automation across industries, is one of the key factors creating a positive outlook for the property management software market. PMS offers a highly reliable, user-friendly and secure platform to the realtors that minimizes the risks of human error and enables the property managers to assign and delegate tasks effectively. Additionally, various technological advancements, such as integration with artificial intelligence (AI), machine learning (ML), virtual reality (VR) and cloud-computing solutions, are acting as other growth-inducing factors.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The property management software market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the property management software market in these regions.

IMPACT OF COVID-19 ON PROPERTY MANAGEMENT SOFTWARE MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS

The report covers key developments in the property management software market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from property management software market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the property management software market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   AppFolio, Inc.
  
•   Buildium
  
•   Entrata, Inc.
  
•   London Computer Systems
  
•   MRI Software
  
•   Property Boulevard
  
•   RealPage
  
•   Rent manager
  
•   TenantCloud
  
•   TOPS Software, LLC.
  

The Insight Partner’s dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Property Management Software Report Scope