Medical Robotic Systems Market - Snapshot
Property management software is a cloud-based or on premise solution that provides efficient management of properties. Property management software primarily offers financial reporting, online maintenance requests & tracking, online document storage & sharing, accounting capabilities, electronic lease agreements, and integrated banking among other applications. Property management software helps property managers and owners simplify the property management processes by eliminating communication gaps, tracing finances, storing leasing documents and contracts, and facilitating rent collection processes. Various software are developed in order to look after tenant placement, maintenance and repairs, and the ongoing administration of properties. Property management software is gaining in importance and popularity. In addition, core property management software providers are emphasizing on developing software solutions and establishing the appropriate framework to achieve objectives of the property owner. Furthermore, the market is flourishing due to the maximization of income and capital by an investor or developer.
Rise in infrastructure development across the world is fueling demand for real-time access to property information. Construction or development of multi dwelling units (MDUs) is increasing around the globe, primarily due to the increase in cost of infrastructure. In addition, increase in emphasis of property managers and owners on scalability, cost-efficiency, and time savings is contributing to the expansion of the property management software market. Additionally, property owners and managers are emphasizing on collecting and maintaining property information for enhanced data administration and accessibility with the help of centralized property management software. Similarly, development of apartment buildings is also supplemented by factors such as affordability and buyer type and preferences and macroeconomic factors such as population and employment growth. Lack of awareness about property management software is one of the restraints of the market. Cybersecurity risks such as malware attacks and vulnerabilities in cloud-based solutions are causing an adverse effect on property management software. The property management software market is more opportunistic toward rapid technological and infrastructural developments, especially in countries such as India, Brazil, China, Poland, Mexico, the Philippines, and South Africa.
The property management software market can be categorized based on component, application, end-user, and region. Based on component, the property management software market can be segmented into software and services. The software segment can be further classified into on premise and cloud. The services segment can be further categorized into system integration, training & support, and consulting. In terms of application, the property management software market can be divided into commercial and residential. The commercial segment can be further segmented into retail spaces, office spaces, hotels, airports, seaports, etc. The residential segment can be further categorized into multi-family housing/apartments, single family housing, student housing, etc. The multi-family housing sub-segment can be further classified into apartment buildings (low rise) and apartment towers (high rise). Based on end-user, the market can be categorized into housing associations, property managers/ agents, corporate occupiers, and property investors. In terms of region, North America is projected to account for a dominant share of the market due to strong adoption and penetration of property management software as well as presence of prominent global and domestic property management software vendors across the region. The property management software market in Asia Pacific is anticipated to expand at a rapid pace during the forecast period. This is primarily due to rapidly developing infrastructure and rise in demand for enhanced data administration and accessibility for collection and maintenance of property information.
Some of the key players in property management software market are Yardi Systems, Inc., AppFolio, Inc., Buildium, LLC, MRI Software, LLC, CoreLogic, ResMan, Entrata, Inc., Maintenance Connection, Property Boulevard, Rentec Direct, Chetu Inc., PropertyBoss Solutions. Rockend Pty. Ltd., Re-Leased Software Company Ltd, Rosmiman Software Corporation, Skyline Property Management,, Qube Global Software, and Rentec Direct.
Property Management Software Market: Overview
The property management software market report provides analysis for the period 2016–2026, wherein the period from 2018 to 2026 is the forecast period and 2017 is the base year. The report covers all the major trends and technologies playing an influential role in the market’s growth over the forecast period. It also highlights the market dynamics, which comprise drivers, restraints, and opportunities, for the analysis of market growth during the said period. The study provides a complete perspective on the global property management software market’s evolution throughout the above mentioned forecast period in terms of revenue (US$ Mn).
The market overview section of the report demonstrates market dynamics such as drivers, restraints, and opportunities that influence the current nature and future status of this market and key indicators, integration challenges, and end-user adoption analysis and trends of market. Further, key market indicators included in the report provide significance of the factors that are capable of changing the market scenario. These indicators are expected to define the market position during the forecast period and provide an overview about the global property management software market. The market overview section also includes pricing model, which includes analysis of pay-per-unit, tiered pay-per transaction model offered by property management software vendors. In addition, market attractiveness analysis has also been provided for every segment in the report, in order to provide a thorough understanding of the overall scenario in the property management software market. The report also provides an overview of various strategies adopted by the key players present in the market.
Global Property Management Software Market: Scope of the Report
The report segments the market on the basis of component into software (on premise and cloud-based) and services (system integration, training & support and consulting). Based on application, the market is segmented into commercial (retail spaces, office spaces, hotels and others), residential (multi-family housing/apartments, single family housing, and others). In terms of end-user, the market is classified into housing association, property managers/agents, corporate occupiers, property investors, and others. The report provides in-depth segment analysis of the global property management software market, thereby providing valuable insights at the macro as well as micro levels.
The report also highlights the competitive landscape of the global property management software market, positioning all the major players according to their presence in different regions of the world and recent key developments initiated by them in the property management software market. The comprehensive property management software market estimates are the result of our in-depth secondary research, primary interviews, and in-house expert panel reviews. These market estimates have been analyzed by taking into account the impact of different political, social, economic, and technological factors along with the current market dynamics affecting the property management software market growth.
This report provides all the essential information required to understand the key developments in the property management software market and growth trends of each segment and region. It also includes companies’ strategies, financial information, SWOT analysis, and developments under the company profile section. Also, the report provides insights related to trends and their impact on the market. Furthermore, Porter’s Five Forces analysis explains the five forces namely buyers bargaining power, suppliers bargaining power, threat of new entrants, threat of substitutes, and degree of competition in the property management software market. This report also provides a comprehensive ecosystem analysis for the property management software market. It explains the various participants, including software & platform vendors, system integrators, intermediaries, and end-users within the ecosystem of the market.
Global Property Management Software Market: Research Methodology
The research methodology is a perfect combination of primary research, secondary research, and expert panel reviews. Secondary research sources such as annual reports, company websites, broker reports, financial reports, SEC filings and investor presentations, national government documents, internal and external proprietary databases, statistical databases, relevant patent and regulatory databases, market reports, government publications, statistical databases, World Bank database, and industry white papers are referred.
Primary research involves telephonic interviews, e-mail interactions, and face-to-face interviews for detailed and unbiased reviews on the property management software market, across geographies. Primary interviews are usually conducted on an ongoing basis with industry experts and participants in order to get latest market insights and validate the existing data and analysis. Primary interviews offer firsthand information on important factors such as market trends, market size, competitive landscape, growth trends, outlook etc. These factors help to validate and strengthen secondary research findings and also help to develop the analysis team’s expertise and market understanding. Moreover, the data collected and analyzed from secondary and primary research is again discussed and examined by our expert panel.
Global Property Management Software Market: Competitive Dynamics
The research study includes profiles of leading companies operating in the global property management software market. Key players profiled in the property management software market include AppFolio, Inc., Arthur Online Ltd., Buildium, LLC, Chetu Inc., Convoyant LLC, CoreLogic, Entrata, Inc., First byte Solutions Ltd., London Computer Systems, Maintenance Connection, MRI Software, LLC, Property Boulevard, PropertyBoss Solutions, Qube Global Software, RealPage, Inc., Re-Leased Software Company Ltd., ResMan, Rockend Pty. Ltd., Rosmiman Software Corporation, Skyline Property Management, and Yardi Systems, Inc.
The global property management software market is segmented as below:
Global Property Management Software Market, by Component
- On Premise
- System Integration
- Training & Support
Global Property Management Software Market, by End-user
- Housing Association
- Property Managers/ Agents
- Corporate Occupiers
- Property Investors
- Others (Affordable Housing & Other Specialties)
Global Property Management Software Market, by Application
- Retail Spaces
- Office Spaces
- Others (Airports, Seaports, etc.)
- Multi-family Housing/ Apartments
- Apartment Building (Low rise)
- Apartment Tower (High rise)
- Single Family Housing
- Others (Student Housing, etc.)
- Multi-family Housing/ Apartments
Global Property Management Software Market, by Geography
- North America
- The U.S.
- Rest of North America
- The U.K
- Rest of Europe
- Asia Pacific (APAC)
- Rest of Asia Pacific
- Middle East and Africa (MEA)
- GCC Countries
- South Africa
- Rest of Middle East and Africa
- South America
- Rest of South America