The Business Research Company’s report on the Property Management Software Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
How have key drivers contributed to the rapid growth of the property management software market?
The increase in investments in smart cities is expected to propel the growth of the property management software market during the forecast period. Governments around the world are investing in the creation of smart cities. Smart city technologies use information and communication technologies to efficiently manage and operate urban services, thus creating demand for efficient management of properties. The European Union is actively promoting smart city initiatives, with funds for research and sustainability targets for member states. The concept of smart cities is becoming more popular in developing nations too. For instance, more than 1,000 smart city pilot projects are either ready for or are under construction globally and around 500 of these projects are in China. Hence, the investment in smart cities is expected to drive the property management software market growth.
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How has the property management software market size evolved, and what are the latest forecasts for its expansion?
The property management software market size has grown strongly in recent years. It will grow from $6.07 billion in 2024 to $6.67 billion in 2025 at a compound annual growth rate (CAGR) of 9.9%. The growth in the historic period can be attributed to efficiency and time savings, remote property management, financial management, tenant and lease management, compliance and regulations, user-friendly interfaces.
The property management software market size is expected to see rapid growth in the next few years. It will grow to $9.79 billion in 2029 at a compound annual growth rate (CAGR) of 10.0%. The growth in the forecast period can be attributed to customer relationship management, predictive maintenance solutions, energy efficiency and sustainability, tenant portals for self-service, dynamic pricing strategies, advanced reporting and analytics. Major trends in the forecast period include smart building integration, virtual tours and 3d visualization, cloud-based solutions dominance, globalization and multinational property management, advanced reporting and business intelligence, dynamic pricing strategies.
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Which major companies dominate the property management software market?
Major companies operating in the property management software market include 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.
What trends will shape the future of the projection mapping market?
Artificial intelligence (AI) enabled applications in the property management software market is a key trend gaining popularity in the market. Artificial intelligence (AI) enabled applications assist real estate companies in marketing campaigns, managing property portfolios, leasing, accounting, operations, and many other functions. For instance, in September 2024, Guesty, an Israel based property management software platform launched two AI powered features- an AI assistanct website builder and ReviewSmart AI. Guesty’s AI Assistant enables property managers to create websites using generative AI to streamline the process, while ReviewSmart AI is an intelligent analytics tool that categorizes negative guest reviews into actionable insights. this new tool saves time by automating the review analysis process and empowers property managers to make data-driven decisions that enhance operations for increased guest satisfaction.
Which region dominates the property management software market, and what factors contribute to its leadership?
North America was the largest region in the property management software market in 2024. 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
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How is the property management software market segmented, and which segment holds the largest share?
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 Or Agents, Property Investors, Other End-Users
Subsegments:
1) By Cloud: Public Cloud, Private Cloud, Hybrid Cloud
2) By On-premise: Self-hosted Solutions, Dedicated Servers
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What defines the structure and scope of the property management software market?
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 centralized computer system. It reduces the amount of manual effort required for rent collection, maintenance, and repair scheduling.
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