The overall property management software market worldwide has registered a value of US$ 13.20 Bn in 2018 and is set to grow with a CAGR of 5.8 % during the forecast period.
Market Insights
The global market for property management software (PMS) is driven by increasing global urbanization and digitalisation. The development of technology has increased the development of new property management software that is used to track maintenance, repair and other property-related information. In addition, the PMS is also driven by an increase in disposable income among individuals and an increase in the number of investors worldwide.
In June 2018, Yardi became a partner of the Liberty Property Trust. With this partnership, Yardi would deliver its Voyager software to Liberty Property Trust in order to offer various solutions for different functions, such as purchasing, invoice processing and vendor management.
Similarly, in July 2018, Trimble acquired Viewpoint, which offers a market-leading, scalable construction management software company based in the US that integrates contractors’ financial and resource management processes. This acquisition is expected to strengthen the process of property management of the company.
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Based on the application, the market for property management software was segmented as commercial and residential. The commercial segment has the largest market share of more than 55% in 2018. The segment is driven globally by increasing demand for the workplace. Several companies and government agencies are investing in properties to develop their offices. In addition, the purchase and sale of various commercial properties among hotels, government, construction & real estate, retail shops and others is also expected to drive the segment globally. This software provides all information about the property and any disputes that may arise about it.
Asia-Pacific is expected to be the fastest-growing region due to increased investment in infrastructure development by individuals, the government, the private charity trust, and others. Growth in globalisation and urbanisation in the country is expected to drive the market in the region. Moreover, the increasing fraudulent associated with the property and flats is expected to drive the market in the region. China accounts for the largest market share in the Asia-Pacific region due to the growing population and continuous development in the infrastructure.
Some of the prominent players operating in the Property Management Software market include JLL Incorporated, IBM Corporation, Oracle Corporation, Trimble Inc., SAP SE, RealPage Inc., Yardi Systems Inc., Console Australia, AppFolio Inc., MCS Solutions LLC, FSI Inc., ARCHIBUS Inc., Planon Corporation, Entrata Inc., Accruent LLC, London Computer Systems, and iOFFICE Inc.
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Property Management Software with On-Premise in its Deployment Segment Dominates the Market
In 2018, the overall property management software market was led by the On-premise segment, which contributed to a high market share of the total revenue generated globally in 2018 and is expected to grow by more than 5.0 per cent during the forecast period. Companies use on-site software as a traditional method of installation. However, the cloud segment is expected to be the fastest-growing segment in the forecast period and is expected to dominate the market in 2027.
The cloud allows the users to operate the software without any problem irrespective of the place. Thus, the flexibility of the cloud allows the user to use the software from anywhere and on any device is expected to drive the market during the coming years.
North America Dominates the Market by Region
The global market for property management software was led by North America with a market share of more than 35.0 per cent in 2018. This is due to the increasing development of infrastructure in the region and the increasing number of migrants. Moreover the region is one of the early adopters of technology, and increasing the trend of home-based work is one of the key factors driving the market in the region. As the operator can access the software from anywhere and can work with the help of the cloud by accessing the software integrated with it, allowing property agents to keep track of the properties and manage them accordingly.
ToC:
Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Market Segmentation
1.4 Research Methodology
1.4.1 Phase I – Secondary Research
1.4.2 Phase II – Primary Research
1.4.3 Phase III – Expert Panel Review
1.4.4 Assumptions
1.4.5 Approach Adopted
Chapter 2 Executive Summary
Chapter 3 Market Dynamics
3.1 Introduction
3.1.1 Global PMS Market Value, 2017 – 2027, (US$ Bn)
3.2 Market Drivers
3.3 Market Growth Inhibitors
3.3.1 Impact Analysis of Drivers and Restraints
3.4 Key Market Trends
3.5 Attractive Investment Proposition, by Geography, 2018
3.6 Competitive Analysis
3.6.1 Market Positioning of Key PMS Vendors, 2018
3.6.2 Key Strategies Adopted by the Leading Players
Chapter 4 Global Property Management Software (PMS) Market Analysis, by Component, 2017 – 2027 (US$ Bn)
4.1 Overview
4.2 Software/Solution
4.3 Services
Chapter 5 Global Property Management Software (PMS) Market Analysis, by Application, 2017 – 2027 (US$ Bn)
5.1 Overview
5.2 Commercial
5.3 Residential
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Chapter 6 Global Property Management Software (PMS) Market Analysis, by Deployment, 2017 – 2027 (US$ Bn)
6.1 Overview
6.2 On-Premise
6.3 Cloud
Chapter 7 Global Property Management Software (PMS) Market Analysis, by End-User, 2017 – 2027 (US$ Bn)
7.1 Overview
7.2 Housing Associations
7.3 Property Managers
Chapter 8 North America Property Management Software (PMS) Market Analysis, 2017 – 2027 (US$ Bn)
Chapter 9 Europe Property Management Software (PMS) Market Analysis, 2017 – 2027 (US$ Bn)
Chapter 10 Asia Pacific Property Management Software (PMS) Market Analysis, 2017 – 2027 (US$ Bn)
Chapter 11 Rest of the World (RoW) Property Management Software (PMS) Market Analysis, 2017 – 2027 (US$ Bn)
11.1 Overview
11.2 RoW PMS Market Analysis, By Component, 2017 – 2027
11.2.1 Market Analysis
11.3 RoW PMS Market Analysis, By Deployment, 2017 – 2027
11.3.1 Market Analysis
11.4 RoW PMS Market Analysis, By End-User, 2017 – 2027
11.4.1 Market Analysis
11.5 RoW PMS Market Analysis, By Application, 2017 – 2027
11.5.1 Market Analysis
11.6 RoW PMS Market Analysis, By Region/Country, 2017 – 2027
11.6.1 Middle East & Africa (MEA)
11.6.1.1 MEA PMS Market Value, By Component, 2017 – 2027 (US$ Bn)
11.6.1.2 MEA PMS Market Value, By Deployment, 2017 – 2027 (US$ Bn)
11.6.1.3 MEA PMS Market Value, By End-User, 2017 – 2027 (US$ Bn)
11.6.1.4 MEA PMS Market Value, By Application, 2017 – 2027 (US$ Bn)
11.6.2 Latin America
11.6.2.1 Latin America PMS Market Value, By Component, 2017 – 2027 (US$ Bn)
11.6.2.2 Latin America PMS Market Value, By Deployment, 2017 – 2027 (US$ Bn)
11.6.2.3 Latin America PMS Market Value, By End-User, 2017 – 2027 (US$ Bn)
11.6.2.4 Latin America PMS Market Value, By Application, 2017 – 2027 (US$ Bn)
Chapter 12 Company Profiles
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