The Global Property Management Software Market is projected to sreach USD 2.58 billion in 2027. The factors associated with the growth of the market include rising adoption of the tenant lease tracking software solutions by the landlord property owners, greater emphasis on the web-based property accounting solutions, rising investment in the real-estate, housing commercial properties, and higher development in the residential properties in the bigger cities in the developing economies.
Property accounting, budget tracking, rent vendor management, automated reminders for the tenants the managers regarding rent reminders, insights with daily managerial tasks, higher flexibility on the account auditing, owner-tenant communication are some of the mentionable reasons the PMS are being widely adopted.
In order to ensure higher integrity, most of managers of such properties fetch a double-check on the answers provided in the application form. On this note, property management tools put together a clear report about all the applications that goes above and even beyond what traditional methods go.
Growing urbanization commercialization in the developing countries and immense rise in population living in the bigger cities are reasons the rental residential communities are being substantially growing. A huge growth in the housing societies and the requirement for proper management of the property businesses the PMS are widely being preferred and adopted.
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Some of the players profiled in the report are AppFolio, Inc., Entrata, Inc., Console, InnQuest, IQware Inc., Yardi Systems Inc., RealPage, Inc., Console Group, MRI Software LLC, Buildium, among others.
The Global Property Management Software Market is segmented as follows:
End-User Outlook (Revenue: USD Billion; 2017-2027)
- Housing Associations
- Landlords Owner
- Property Investors
- Property Managers
- Government
- Others
Property Type Outlook (Revenue: USD Billion; 2017-2027)
- Residential
- Commercial
- Others
Deployment Outlook (Revenue: USD Billion; 2017-2027)
- Cloud
- On-Premises
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Market Segmentation by Regions:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Answered by the Report:
- Which market segment or sub-segment is expected to grow at the highest CAGR during the forecast timeline?
- What is the forecast valuation of the Property Management Software market?
- Who are the leading players in the industry? What are the weaknesses and strengths of these players?
- What are the strategic business steps and initiatives taken by the key competitors in the industry?
- What region is expected to dominate the market in the forecast period?
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