DUBLIN–(BUSINESS WIRE)–The «Property Management Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026» report has been added to ResearchAndMarkets.com’s offering.
The global property management software market reached a value of US$ 1.51 Billion in 2020. Looking forward, the analyst expects the global market to grow at a CAGR of 5.6% during 2021-2026.
Companies Mentioned
- Accruent LLC (Fortive Corporation)
- Appfolio Inc.
- Chetu Inc.
- Console Australia Pty Ltd
- Corelogic Inc.
- London Computer Systems Inc.
- MRI Software LLC
- Oracle Corporation
- Realpage Inc.
- Resman LLC
- Yardi Systems Inc.
Keeping in mind the uncertainties of COVID-19, the analyst is continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Property management software (PMS) refers to an application-based solution used by property managers to automate back-office, financial and administrative operations. It performs various functions, such as financial reporting, generating electronic agreements, storing and sharing documents online and integrated banking. It also aids in minimizing the manual labor required for collecting rents and scheduling maintenance and repair activities and the tracking of tenants and leaseholders. This enables the managers, owners and operators to simplify and automate the tasks associated with managing the properties. Owing to this, it is widely used for handling residential and commercial properties.
Significant expansion in the real estate sector, along with increasing automation across industries, is one of the key factors creating a positive outlook for the property management software market. PMS offers a highly reliable, user-friendly and secure platform to the realtors that minimizes the risks of human error and enables the property managers to assign and delegate tasks effectively. Additionally, various technological advancements, such as integration with artificial intelligence (AI), machine learning (ML), virtual reality (VR) and cloud-computing solutions, are acting as other growth-inducing factors. These solutions provide a transparent and centralized platform for storing e-documents, maintaining tenant communications through messages and emails and facilitating online rent payment. Other factors, including rising infrastructural developments and widespread adoption of software-as-a-service (SaaS)-based business models, along with increasing expenditure capacities of the consumers, are projected to drive the market further.
Key Questions Answered in This Report
- How has the global property management software market performed so far and how will it perform in the coming years?
- What are the key regional markets?
- What has been the impact of COVID-19 on the global property management software system market?
- What is the breakup of the market based on the component?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global property management software market and who are the key players?
- What is the degree of competition in the industry?
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Property Management Software Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Component
7 Market Breakup by Application
8 Market Breakup by Region
9 SWOT Analysis
10 Value Chain Analysis
11 Porters Five Forces Analysis
12 Price Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
For more information about this report visit https://www.researchandmarkets.com/r/8eu6py
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