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Self-storage Software: Introduction

  • Self-storage software is used by facility managers to monitor facility access, keep track of occupied and vacant storage units, and automate invoicing. Self-storage software enables storage rental companies to manage facility and client information.
  • Self-storage software provides real-time status of each storage unit, whether it is vacant, or is occupied and has overdue rental payments. Self-storage software integrates with numerous types of software and hardware to manage all types of self-storage operations.
  • Some common integration software and hardware includes accounting software such as QuickBooks, gate control systems, credit card processors, and driver license scanners
  • The global self-storage software market is projected to expand at a rapid pace during the forecast period, due to increase in demand for self-storage software among end-users.
self storage software market size and forecast

Global Self-storage Software Market: Dynamics

Global Self-storage Software Market: Key Drivers and Restraints

  • Growing need to efficiently manage complex supplier ecosystems is expected to boost the self-storage software market during the forecast period.
  • Increasing growth in the e-commerce sector generates the need for warehousing services which is expected to boost the self-storage software market in the next few years.
  • Increasing adoption of cloud-based self-storage software is another major factor anticipated to boost the market during the forecast period.
  • Self-storage software provides various features from one platform such as accepting tenant payments via ACH bank account transfers or credit cards, automatically send invoices via paper mail or email, and provide interactive facility maps for location tracking, etc. This in turn is projected to generate demand for self-storage software during the forecast period.
  • Rise in demand to provide real-time storage unit availability to tenants and reserve units online and electronically collect signatures for facility contracts is projected to boost the market in the next few years.
  • Demand for proper self-storage software systems to control and reduce supply chain disruptions is expected to boost the demand for self-storage software across the globe.
  • Rise in demand to automate payment and application processes is estimated to propel the market during the forecast period
  • However, high cost of self-storage software is expected to hamper the self-storage software market during the forecast period.
self storage software market dynamics

Impact of COVID-19 on the Global Self-storage Software Market

  • Increase in cases of COVID-19 across the globe is resulting in economic slowdown. Developed countries are strongly affected by this pandemic. However, adoption of collaborative software applications, security solutions, Big Data, and AI are expected to increase during the forecast period due to increasing social distancing rules. Different end-users are adopting self-storage software solutions to overcome supply chain risks which can be caused due to COVID-19.
  • Self-storage software providers are launching new products with advanced functions to cope with social distancing regulations during COVID-19 pandemic. This in turn increases the demand for self-storage software and is projected to have a slightly positive impact on the global self-storage software market in the next few years.

North America to Hold Major Share of the Global Self-storage Software Market

  • In terms of region, the global self-storage software market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America
  • North America dominated the global self-storage software market in 2020, due to the presence of a large number of self-storage software companies and high adoption and deployment of cloud-based self-storage software solutions in the region. The U.S. is the key market due to extensive deployment of self-storage software solutions during the COVID-19 pandemic.
  • The self-storage software market in Asia Pacific is projected to expand at a rapid pace during the forecast period. This can be attributed to the growing digitalization and urbanization in China, Japan, and India.
self storage software market outlook by region

Global Self-storage Software Market: Competition Landscape

Several local, regional, and international players are active in the self-storage software market with a strong presence. Rapid technological advancements have led to opportunities in this market. Vendors of self-storage software are focusing on inorganic growth strategies such as strategic collaborations, and merger and acquisition with technology partners to develop innovative and advanced solutions to improve their offerings and market reach.

Key Players Operating in the Global Self-storage Software Market Include:

  • 6Storage
  • AndraTech Software
  • Corrigo Incorporated (Jones Lang LaSalle Incorporated)
  • DOMICO Software
  • Easy Storage Solutions
  • Empower Software Technologies
  • E-SoftSys LLC
  • Madwire, LLC
  • QuikStor Security & Software
  • RADical Systems (UK) Ltd
  • Self-Storage Pro Inc.
  • Storable Group
  • StorEDGE
  • Syrasoft LLC
  • The Storage Group
  • Trackum Software
  • U-Haul International Inc.
  • Unit Trac

Global Self-storage Software Market: Research Scope

Global Self-storage Software Market, by Deployment

  • On-premise
  • Cloud

Global Self-storage Software Market, by Enterprise Size

  • Large Enterprises
  • Small and Medium Enterprises

Global Self-storage Software Market, by Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • 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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Selfstorage Software Market

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