Homeowners Association (HOA) Software Market: Introduction

  • A HOA, or homeowners association, is an organization in a planned condominium or community that makes and enforces rules for the residents and their properties by paying monthly fees, in order to maintain the upkeep of buildings or amenities and common areas through homeowners association (HOA) software.
  • Homeowners association software, or HOA software, is an all-in-one management tool comprised of a website builder, online contact database, communications system (email), finance & payment system, and event platform, among other features. HOA software helps to manage the homeowners association through the HOA app. In addition, HOA software helps to maintain a full contact database that is easy to search, filter, and update.

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Global Homeowners Association (HOA) Software Market: Dynamics

Global Homeowners Association (HOA) Software Market: Key Drivers and Restraints

  • Technological advancement in property management is leading to high demand for a software, an all-in-one property management solution, for both multifamily and single-family communities. This is expected to drive the growth of the homeowners association (HOA) software market.
  • Managing high-rise communities that empower with property information and makes property assets accessible, is one of the major factors boosting the homeowners association (HOA) software market.
  • Rising real estate sector across the globe is expected to fuel the homeowners association (HOA) software market.
  • Growing construction industry worldwide, in order to fulfill the regulations and guidelines within an HOA's jurisdiction for property management is expected to drive the homeowners association (HOA) software market.
  • High association fees, which could act as a deterrent for prospective buyers is one of the factors hampering the Homeowners association (HOA) software market.  

Asia Pacific to Account for Major Share of the Global Homeowners Association (HOA) Software Market

  • In terms of region, the global homeowners association (HOA) software market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
  • The homeowners association (HOA) software market in North America is anticipated to expand at a rapid pace over the forecast period, due to a rising construction industry. This in turn is expected to boost the growth of the homeowners association (HOA) software market in the region.
  • Europe is expected to hold a significant share in the global (HOA) software market due to simplifying modern working and living in residential communities in the region.
  • The homeowners association (HOA) software market in Asia Pacific is expected to hold a significant share due to a rising construction sector, which in turn is forcing HOA software vendors to adopt innovative business models that not only provide strategic value to their services, but also operational efficiency. This in turn is accelerating the growth of the HOA software market in the APAC region. India and China are the major countries enhancing the growth of the HOA software market, due to increasing population.

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Global Homeowners Association (HOA) Software Market: Competitive Landscape

Key Players Operating in the Global Homeowners Association (HOA) Software Market

 Local, regional, and international players are found in the homeowners association (HOA) software market. The market is highly consolidated, with top manufacturers accounting for approximately 25%–30% share of the market. Key players operating in the global homeowners association (HOA) software market are:

  • AppFolio, Inc.
  • Bitrix, Inc.
  • Buildium
  • CINC Systems, LLC
  • CoreLogic
  • Entrata, Inc.
  • RealPage, Inc.
  • Rentec Direct
  • TOPS Software, LLC.
  • Wild Apricot Inc.
  • Yardi Systems, Inc

Global Homeowners Association (HOA) Software Market: Research Scope

Global Homeowners Association (HOA) Software Market Segmentation, by Deployment   

  • On-premise
  • Cloud

Global Homeowners Association (HOA) Software Market Segmentation, by Subscription Type    

  • Basic
  • Standard

Global Homeowners Association (HOA) Software Market Segmentation, by Application

  • Membership Management
  • Event Registration
  • Website Builder
  • Online Payment
  • Contact Database
  • Mobile Solutions

Global Homeowners Association (HOA) Software Market Segmentation, by Enterprise Size   

  • Small & Medium Enterprise
  • Large Enterprise

Global Homeowners Association (HOA) Software Market Segmentation, by Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • France
    • U.K.
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • Rest of Asia Pacific
  • Middle East & Africa
    • U.A.E.
    • Saudi Arabia
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Rest of South America

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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