The Property Management Market size was valued at USD 19.87 billion in 2022 and is expected to grow to USD 43.21 billion by 2030 and grow at a CAGR of 10.2 % over the forecast period of 2023-2030.
Property Management Software is a powerful tool that offers a centralized platform for viewing all properties and streamlines various property-related processes such as maintenance duties and tenant requirements. This software provides a range of services, including online document storage and sharing, electronic leasing agreements, financial reporting, online maintenance requests and tracking, accounting capabilities, and integrated banking. PMS management systems have undergone a significant transformation from manual to automated. This transition has revolutionized the property management software system by reducing human errors and enabling property managers to efficiently assign work tasks to avoid service interruptions. With an automated property management system, the time required to respond to tenant or owner complaints and concerns is significantly reduced. By utilizing Property Management Software, property managers can easily monitor and manage their properties from a single platform. This software provides a comprehensive view of all properties, allowing managers to quickly identify and address any issues that may arise. Additionally, the software's automated features enable managers to streamline their workflow, saving time and increasing efficiency.
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Drivers
In Property management Software as a Service (SaaS) methods are gaining popularity.
One of the greatest accomplishments in the software business has been the introduction of cloud technology. Cloud technology has had a significant impact on how software applications are run and distributed to customers. This shift has allowed software developers to concentrate on the technology of their products while outsourcing the administration to cloud service providers. SaaS software allows users to pay per use and terminate services at any time. Furthermore, the SaaS approach aids in multi-vendor software compatibility with older systems.
Restrains
Budgetary restrictions for technical solutions
The global real estate business has experienced significant volatility in recent years. The worldwide slump of 2008 had a long-term impact, particularly on the real estate business. Though the market has witnessed some stability and growth since 2012, it is still very volatile due to the large population vs real estate index mismatch. These considerations discourage investors from entering the property management business.
Opportunities
Outsourcing services are becoming increasingly popular.
Complexities in property and facility management are developing as organizations evolve. To deal with these challenges, businesses require modern technological solutions such as cloud-based and augmented reality systems. However, maintaining them in-house would be a significant task for the firm due to the high expense of employing technically savvy employees and investing on their training for the respected software and its upgrades on a regular basis. Most organizations outsource these tasks to property management service providers to save money. Furthermore, regulatory compliance issues may be addressed with the assistance of an outsourced agency, transferring the obligations connected with environmental compliance and healthcare coverage to the outsourcing organization.
Challenges
Property management software integration with outdated systems
Inadequate technical abilities
The real estate business saw both a spike and a drop at the same time during the pandemic. During the early stages of the outbreak, real estate businesses, managers, and property owners were primarily concerned with keeping visitors and renters safe while also complying with governmental rules and regulations. As a result, real estate property sales have fallen. Despite the fact that many corporate offices, schools, and institutions remain closed, businesses are opting for the work-from-home option. On the contrary, the epidemic presented a chance for property managers to adopt and deploy new automation solutions, like as smart and AI-enabled property management software.
This conflict has caused a ripple effect that has affected the economy, politics, and social aspects of both countries. As a result, the property management market has experienced some changes that have affected its growth and development. One of the most significant impacts of the Russia-Ukraine war on the property management market is the decrease in foreign investment. The conflict has created an unstable environment that has made investors hesitant to invest in the property market. This has resulted in a decrease in the number of new projects and developments, which has affected the growth of the market.
The conflict has also affected the rental market. The decrease in foreign investment has led to a decrease in the number of rental properties available. This has resulted in an increase in rental prices, making it difficult for people to find affordable rental properties.
The Impact of Recession
The recession has had a significant impact on the property management market. As the economy has struggled, property owners have faced challenges in maintaining their properties and finding tenants. This has led to a decrease in demand for property management services, as property owners have had to cut costs and manage their properties themselves. The recession has led to a decrease in property values, which has further impacted the property management market. Property owners have had to lower their rents in order to attract tenants, which has reduced their income and made it more difficult to cover the costs of property management services. There are still opportunities for property management companies to thrive in the current market. By offering high-quality services at competitive prices, property management companies can attract clients who are looking for ways to save money while still maintaining their properties.
The Property Management Market is segmented into three types on the basis of by application, by deployment, and by End-user.
By Application
Residential
Commercial
By Deployment
Cloud
On-premises
By End-User
Property Managers
Housing Associations
Real Estate Agents
Others
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North America had the highest revenue. Because of the presence of major players in the region. Because of the country's growing number of hotel rooms, the United States currently leads the North American regional market. Europe will have the second-largest market share. The region's growth may be attributed to the presence of a substantial number of business and residential structures, as well as a high degree of digitalization.
Asia Pacific market is predicted to develop at the quickest CAGR. This expansion may be attributed to the region's fast-growing infrastructure, as well as accessibility for the collecting and preservation of property information and an increasing need for enhanced data administration. Furthermore, factors such as expanding population, government restrictions, development of cloud-based solutions, and outsourced services are driving regional market expansion.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
South Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of the Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The major players in the market are Archibus, Inc., AppFolio, Inc., MRI Software LLC, Console Australia Pty. Ltd., IQware Inc., SAP SE, CoreLogic, Entrata, Inc., Yardi Systems Inc., IBM Corporation, RealPage, Inc., ManageCasa, REI Master, MAISONETTE, and others in the final report.
Union, a developer of property management software, announced a centralized leasing software and support solution in January 2023 to enable organized remote administration of multifamily complexes.
GuestyPay, a revolutionary payment processing system, was launched in January 2022 by Guesty, a hotel and property management service provider. This solution is intended for property managers and holiday rental companies. This system was completely operational for consumers in the United States, and it was scheduled to be available to European clients in mid-2023.
| Report Attributes | Details |
| Market Size in 2022 | US$ 19.87 Bn |
| Market Size by 2030 | US$ 43.21 Bn |
| CAGR | CAGR of 10.2 % From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Application (Residential, Commercial) • By Deployment (Cloud, On-premises) • By End-User (Property Managers, Housing Associations, Real Estate Agents, Others) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Archibus, Inc., AppFolio, Inc., MRI Software LLC, Console Australia Pty. Ltd., IQware Inc., SAP SE, CoreLogic, Entrata, Inc., Yardi Systems Inc., IBM Corporation, RealPage, Inc., ManageCasa, REI Master, MAISONETTE |
| Key Drivers | • In Property management SaaS methods are gaining popularity. |
| Market Opportunities | • Outsourcing services are becoming increasingly popular. |
The CAGR of the Property Management Market for the forecast period 2023-2030 is 10.2 %
The Property Management Market size was valued at USD 19.87 billion in 2022.
The major players in the market are Archibus, Inc., AppFolio, Inc., MRI Software LLC, Console Australia Pty. Ltd., IQware Inc., SAP SE, CoreLogic, Entrata, Inc., Yardi Systems Inc., IBM Corporation, RealPage, Inc., ManageCasa, REI Master, MAISONETTE, and others in the final report.
The forecast period for the Property Management Market is 2022-2030.
Budgetary restrictions for technical solutions
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Russia-Ukraine War
4.3 Impact of Ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Property Management Market Segmentation, By Application
8.1 Hardware
8.2 Software
8.3 Content
9. Property Management Market Segmentation, By Deployment
9.1 Pain Management
9.2 Education & Training
9.3 Surgery
9.4 Patient Care Management
9.5 Rehabilitation and Therapy Procedures
9.6 Post-Traumatic Stress Disorder (PTSD)
10. Property Management Market Segmentation, By End-User
10.1 Research and Diagnostics
10.2 Laboratories
10.3 Hospitals & Clinics
10.4 Research Organizations
10.5 Pharmaceutical Companies
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 North America Property Management Market by Country
11.2.2North America Property Management Market By Application
11.2.3 North America Property Management Market By Deployment
11.2.4 North America Property Management Market By End-User
11.2.5 USA
11.2.5.1 USA Property Management Market By Application
11.2.5.2 USA Property Management Market By Deployment
11.2.5.3 USA Property Management Market By End-User
11.2.6 Canada
11.2.6.1 Canada Property Management Market By Application
11.2.6.2 Canada Property Management Market By Deployment
11.2.6.3 Canada Property Management Market By End-User
11.2.7 Mexico
11.2.7.1 Mexico Property Management Market By Application
11.2.7.2 Mexico Property Management Market By Deployment
11.2.7.3 Mexico Property Management Market By End-User
11.3 Europe
11.3.1 Europe Property Management Market by Country
11.3.2 Europe Property Management Market By Application
11.3.3 Europe Property Management Market By Deployment
11.3.4 Europe Property Management Market By End-User
11.3.5 Germany
11.3.5.1 Germany Property Management Market By Application
11.3.5.2 Germany Property Management Market By Deployment
11.3.5.3 Germany Property Management Market By End-User
11.3.6 UK
11.3.6.1 UK Property Management Market By Application
11.3.6.2 UK Property Management Market By Deployment
11.3.6.3 UK Property Management Market By End-User
11.3.7 France
11.3.7.1 France Property Management Market By Application
11.3.7.2 France Property Management Market By Deployment
11.3.7.3 France Property Management Market By End-User
11.3.8 Italy
11.3.8.1 Italy Property Management Market By Application
11.3.8.2 Italy Property Management Market By Deployment
11.3.8.3 Italy Property Management Market By End-User
11.3.9 Spain
11.3.9.1 Spain Property Management Market By Application
11.3.9.2 Spain Property Management Market By Deployment
11.3.9.3 Spain Property Management Market By End-User
11.3.10 The Netherlands
11.3.10.1 Netherlands Property Management Market By Application
11.3.10.2 Netherlands Property Management Market By Deployment
11.3.10.3 Netherlands Property Management Market By End-User
11.3.11 Rest of Europe
11.3.11.1 Rest of Europe Property Management Market By Application
11.3.11.2 Rest of Europe Property Management Market By Deployment
11.3.11.3 Rest of Europe Property Management Market By End-User
11.4 Asia-Pacific
11.4.1 Asia Pacific Property Management Market by Country
11.4.2 Asia Pacific Property Management Market By Application
11.4.3 Asia Pacific Property Management Market By Deployment
11.4.4 Asia Pacific Property Management Market By End-User
11.4.5 japan
11.4.5.1 Japan Property Management Market By Application
11.4.5.2 Japan Property Management Market By Deployment
11.4.5.3 Japan Property Management Market By End-User
11.4.6 South Korea
11.4.6.1 South Korea Property Management Market By Application
11.4.6.2 South Korea Property Management Market By Deployment
11.4.6.3 South Korea Property Management Market By End-User
11.4.7 China
11.4.7.1 China Property Management Market By Application
11.4.7.2 China Property Management Market By Deployment
11.4.7.3 China Property Management Market By End-User
11.4.8 India
11.4.8.1 India Property Management Market By Application
11.4.8.2 India Property Management Market By Deployment
11.4.8.3 India Property Management Market By End-User
11.4.9 Australia
11.4.9.1 Australia Property Management Market By Application
11.4.9.2 Australia Property Management Market By Deployment
11.4.9.3 Australia Property Management Market By End-User
11.4.10 Rest of Asia-Pacific
11.4.10.1 APAC Property Management Market By Application
11.4.10.2 APAC Property Management Market By Deployment
11.4.10.3 APAC Property Management Market By End-User
11.5 The Middle East & Africa
11.5.1 The Middle East & Africa Property Management Market by Country
11.5.2 The Middle East & Africa Property Management Market By Application
11.5.3 The Middle East & Africa Property Management Market By Deployment
11.5.4 The Middle East & Africa Property Management Market By End-User
11.5.5 Israel
11.5.5.1 Israel Property Management Market By Application
11.5.5.2 Israel Property Management Market By Deployment
11.5.5.3 Israel Property Management Market By End-User
11.5.6 UAE
11.5.6.1 UAE Property Management Market By Application
11.5.6.2 UAE Property Management Market By Deployment
11.5.6.3 UAE Property Management Market By End-User
11.5.7South Africa
11.5.7.1 South Africa Property Management Market By Application
11.5.7.2 South Africa Property Management Market By Deployment
11.5.7.3 South Africa Property Management Market By End-User
11.5.8 Rest of Middle East & Africa
11.5.8.1 Rest of Middle East & Asia Property Management Market By Application
11.5.8.2 Rest of Middle East & Asia Property Management Market By Deployment
11.5.8.3 Rest of Middle East & Asia Property Management Market By End-User
11.6 Latin America
11.6.1 Latin America Property Management Market by Country
11.6.2 Latin America Property Management Market By Application
11.6.3 Latin America Property Management Market By Deployment
11.6.4 Latin America Property Management Market By End-User
11.6.5 brazil
11.6.5.1 Brazil Property Management Market By Application
11.6.5.2 Brazil Africa Property Management Market By Deployment
11.6.5.3 Brazil Property Management Market By End-User
11.6.6 Argentina
11.6.6.1 Argentina Property Management Market By Application
11.6.6.2 Argentina Property Management Market By Deployment
11.6.6.3 Argentina Property Management Market By End-User
11.6.7 Rest of Latin America
11.6.7.1 Rest of Latin America Property Management Market By Application
11.6.7.2 Rest of Latin America Property Management Market By Deployment
11.6.7.3 Rest of Latin America Property Management Market By End-User
12. Company Profile
12.1 Archibus, Inc.
12.1.1 Market Overview
12.1.2 Financials
12.1.3 Product/Services/Offerings
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 MRI Software LLC.
12.2.1 Market Overview
12.2.2 Financials
12.2.3 Product/Services/Offerings
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 AppFolio, Inc.
12.3.1 Market Overview
12.3.2 Financials
12.3.3 Product/Services/Offerings
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 Console Australia Pty. Ltd.
12.4.1 Market Overview
12.4.2 Financials
12.4.3 Product/Services/Offerings
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 IQware Inc.
12.5.1 Market Overview
12.5.2 Financials
12.5.3 Product/Services/Offerings
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 CoreLogic.
12.6.1 Market Overview
12.6.2 Financials
12.6.3 Product/Services/Offerings
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 Yardi Systems Inc.
12.7.1 Market Overview
12.7.2 Financials
12.7.3 Product/Services/Offerings
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 RealPage, Inc.
12.8.1 Market Overview
12.8.2 Financials
12.8.3 Product/Services/Offerings
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 REI Master.
12.9.1 Market Overview
12.9.2 Financials
12.9.3 Product/Services/Offerings
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 MAISONETTE
12.10.1 Market Overview
12.10.2 Financials
12.10.3 Product/Services/Offerings
12.10.4 SWOT Analysis
12.10.5 The SNS View
12.11 Telephone Corporation
12.11.1 Market Overview
12.11.2 Financials
12.11.3 Product/Services/Offerings
12.11.4 SWOT Analysis
12.11.5 The SNS View
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
14. USE Cases and Best Practices
15. Conclusion
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