Property Management Market

According to a research report "Property Management Market by Software Type (Lease Management (Portfolio Management, Document Storage & Management, AI Lease Abstraction, Lease Accounting & Administration), Facility Management, Reporting & Analytics), End User - Global Forecast to 2030" published by MarketsandMarkets, the property management market is expected to reach USD 42.78 billion by 2030 from USD 26.49 billion in 2024, at a CAGR of 8.3% during 2024–2030.

Browse 320 market data Tables and 65 Figures spread through 340 Pages and in-depth TOC on "Property Management Market by Software Type (Lease Management (Portfolio Management, Document Storage & Management, AI Lease Abstraction, Lease Accounting & Administration), Facility Management, Reporting & Analytics), End User - Global Forecast to 2030"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/property-management-market-36579732.html

The property management market is gaining traction due to the benefits it offers to real estate businesses and property managers. Property management software manages the complexities of handling various property types, such as residential, commercial, industrial, government, and military, and offers a solution to streamline the overall process from property maintenance to lease management, marketing, and operations.

The rental market was booming in cities across North America, with single-family homes increasingly being converted to rentals. Property management firms have been majorly impacted by the long-term effects of the pandemic, with the increase in costs for materials and labor, stringent regulation of the rental market, and the digitization of rental processes continuing at a steady pace.

“Rising demand for AI-based property management software for immersive tenant experience.”

The property management market is projected to grow from USD 26.49 billion in 2024 to USD 42.78 billion by 2030, at a compound annual growth rate (CAGR) of 8.3% during the forecast period. The rising need to leverage predictive analytics for proactive maintenance and repair management, smart building management with IoT and AI for energy efficiency and sustainability, and the increasing demand for SaaS-based property management solutions for better scalability will drive the property management market growth. Moreover, revolutionizing property descriptions, lease agreements, and tenant communication with Generative AI and the advent of AR/VR technologies for better efficiency and immersive buyer experience will offer lucrative growth opportunities in the coming years.

“In channel mode, web-based mode to lead the market during the forecast period.”

Most property managers, owners, and real estate agents prefer web-based property management software due to the ease of accessibility and interconnectivity with other software systems. Web-based software offers easy setup options that will reduce the overall installation time and undercut some of the costs associated with the installation. Web-based property management software provides a secure environment with high-end infrastructure with automatic backups and recovery services.

“By geographic location, the suburban segment will grow at a rapid pace during the forecast period.”

Suburban locations refer to properties located outside of cities. They tend to have less populated crowds and minimum network connectivity. Apartment complexes and single-family homes are mostly covered in suburban locations. Property management software offers lucrative opportunities to property owners, landlords, and owners who reside in suburban locations. Property management tools focus on enhancing efficiency across distributed properties, automating maintenance, and improving tenant communication.

“In deployment mode, the cloud segment will contribute the higher market share during the forecast period”

Cloud deployment is poised to capture a larger share of the property management market due to several compelling advantages it offers to property managers. Cloud-based property management tools benefit property managers and landlords by automating manual tasks, providing real-time updates, and securing payment options. A few of the leading vendors, like AppFolio, Tenant Cloud, DoorLoop, RentManager, and others, offer cloud-based property management software with various features such as remote accessibility, scalability, enhanced security, and real-time reporting and updates. These cloud-based tools are designed to meet the ongoing needs of tenants, landlords, and property managers by offering accounting, communication, and marketing features for the effective handling of various property types.

“By region, Asia Pacific to register the highest CAGR market during the forecast period.”

The Asia Pacific region is poised to exhibit the highest CAGR in the property management market, driven by several key factors that highlight its rapid expansion and adoption of smart building technologies. The property management market in the Asia Pacific region is driven by diverse property trends and infrastructure developments across major economies such as China, Japan, India, South Korea, Australia and New Zealand (ANZ), and ASEAN. Recent government initiatives include substantial financial support for builders and regulatory reforms to stabilize housing prices in China, which aim to improve the real estate sector. In India, initiatives like the Pradhan Mantri Awas Yojana continue to enhance affordable housing access, with a strong push towards integrating technology in property management to improve operational efficiency.

Some major players in the property management market include Oracle (US), IBM (US), Appfolio (US), SAP (Germany), Hitachi Vantara (US), Yardi (US), RealPage (US), SS&C (US), Trimble (US), Eptura (US), CoStar Group (US), Hemlane (US), Entrata (US), Rent Manager (US), Rentec Direct (US), Re-leased (UK), Doorloop (US), Stessa (US), JLL (US), MCS Rental Software (UK), Accruent (US), Planon (Netherlands), Guesty  (Israel), Hive (Germany), Avail (Sweden), Property Matrix (US), HappyCo (US), Resman (US), Innago (US), Finquery (US), Rentredi (US), Turbotenant (US), Breezeway (US), Livly (US), SimplifyEm (US), Condo Control (US) and PayHOA (US)

Don’t miss out on business opportunities in Property Management Industry. Speak to our analyst and gain crucial market insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets Inc.
1615 South Congress Ave.
Suite 103,
Delray Beach, FL 33445
USA : 1-888-600-6441
[email protected]