Property management software can be cloud-based or on-premise. The software is a solution that provides efficient management for properties. Property management software mainly offers online maintenance requests & tracking, financial reporting, accounting capabilities, online document storage & sharing, electronic lease agreements, and integrated banking and various other applications.

Market Scope

According to the report found on Wise Guy Reports (WGR), the global property management market was valued at USD 13.30 billion in 2017 and is anticipated to surge at a CAGR of over 8.50% over the forecast period (2018-2025).

Get Free Sample at: https://www.marketresearchfuture.com/sample_request/8553

Drivers and Restraints

The conventional route taken to manage properties using Microsoft Excel, Notepad, or other spreadsheets is time-consuming, tiring and also prone to human error as the data is manually entered. This encourages the adoption of property management software owing to the various benefits offered by it. Property management software is highly convenient, enables quick responses to complaints and grievances, and also avoids delay in services.

Moreover, the property management software is gaining immense popularity as the core property management software providers are now emphasizing on improving software solutions along with establishing the appropriate framework to attain objectives of the property owner. In addition, the market is thriving on account of the maximization of income and capital by investors and even developers.

Market Segmentation

The global market for property management is segmented on the basis of component, end-user and application.

By component, the global market is segmented into software and service.

By end-user, the market is segmented into housing association, property managers/agents, corporate occupiers and property investors.

Application-wise, Property Management Market Trends is segmented into commercial, residential, single family housing and others. Among these, the commercial segment is projected to capture the largest market size during the forecast period. Commercial properties are required to manage various departments, like maintenance, human resources, accounting and payroll, as well as business operations. Hence, to manage these departments along with their business operations, property managers have to adopt on-premises property management software solutions.

Regional Outlook

The regional segments of global property management market are Asia Pacific (APAC), North America, Europe, Latin America and Rest of the World. Among these, North America is predicted to claim the largest market size in 2018, on the other hand, APAC is presumed to surge at the highest CAGR in the global property management market. The APAC region is noting accelerated adoption of new and innovative technologies in real estate projects. Also, APAC has turned out to be a highly lucrative market for the vendors of property management solutions and associated services.

Key Players

The property management market is relatively competitive with major acquisitions and effective mergers as some of the strategies being adopted by the key manufacturers. In addition, new product launches coupled with a slew of technological innovations have given the global market are a significant push as well.

Some of these companies in the market are JLL, Oracle, Trimble, RealPage, AppFolio, IBM, SAP, Yardi, ARCHIBUS., MCS Solution FSI among others.

Browse More Details on Report at: https://www.marketresearchfuture.com/reports/property-management-market-8553

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.

Contact:

+1 646 845 9312

Email: [email protected]

Blog: http://mrfrblog.com/