Global Property Management Software Market: Rise in Infrastructure Development Driving Adoption 2018-2026

Published on : Jul 05, 2018

Albany, New York, July 5, 2018: Within the past decade, the property management industry has leveraged technology to improve processes, streamline workflows and gain better control of all aspects of property management. Recently, a fresh study titled “Property Management Software Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026” has been publicized to the vast repository of Market Research Hub (MRH), which delivers an extensive analysis of the current market trends and future estimations in the market. In addition, a year to year progression of the market has been offered in the report for the reader to be predominantly aware of the changing scenario of the market.

As the name implies, property management is a term used to deal with the proper management services and scrutiny of various properties. Presently, the rise in infrastructure developments across the world is fueling demand for real-time access to property information. Construction activities or development of multi-dwelling units (MDUs) is growing around the globe, primarily due to the rising cost of infrastructure. This, as a result, has been contributing to the development of the property management software market. As per the active research evaluations, the global property management software market is expected to reach a value of US$ 1,838.5 Mn by 2026, mainly because of high rate of property development widely. At this pace, the market is projected to expand at a CAGR of 7.2% during the forecast period from 2018 to 2026

In order to provide a comprehensive view of the market, the study has been broadly categorized on the basis of component, end-user, application, and region. The regional analysis is a crucial section of the report which highlights market opportunities in some prime regions including Asia Pacific, North America, Middle East & Africa, Europe, and South America. Of these, North America is anticipated to be a dominant region of the market, followed by Europe and Asia Pacific during the forecast period.

Besides, on the basis of component the research study covers software (on-premise and cloud-based) and services (system integration, training & support and consulting). Based on application, the market is segmented into commercial and residential spaces. In terms of end-user, the market is classified into property investors, housing association, property managers/agents, corporate occupiers and others. For each segment, the research has presented current as well as future projections for the period 2018-2026.

A vital section covering market competitive scenario has been represented that includes market share and profiles of crucial players operating in the global market. At present, key players active in the property management software market include Property Boulevard, AppFolio, Inc., Arthur Online Ltd., Buildium, LLC, Chetu Inc., First byte Solutions Ltd., Convoyant LLC, Qube Global Software, CoreLogic, Entrata, Inc., Rockend Pty. Ltd., London Computer Systems, Re-Leased Software Company Ltd., Rosmiman Software Corporation, Maintenance Connection, RealPage, Inc., MRI Software, LLC, PropertyBoss Solutions, ResMan, Skyline Property Management, and Yardi Systems, Inc.

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