Property Management Market was valued at US$18.22 Bn in 2021. The Property Management Market size is estimated to grow at a CAGR of 8.94 % over the forecast period.
Property Management Market Overview:
Property Management market landscape has been examined, and all of the key suppliers and application development and delivery developers have been present. Customer-centric methods by businesses, as well as the necessity to handle massive volumes of material, may define the market's future shape. During the projected period (2021-2027), there will be alliances with integration partners to achieve optimal technology, as well as webinars for future trends and insights.
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Property Management Market Scope:
Maximize Market Research report on Property Management Market provides an investigative analysis with a cohesive grasp of the economy's events as well as the consequences of the COVID-19 pandemic. It outlines drivers, challenges, opportunities, trends, and niches that industry leaders may leverage over the projected period (2021-2027).
The report discusses major advancements in the Property Management industry, as well as organic and inorganic growth strategies. Various businesses are concentrating on organic growth tactics such as new launches, product approvals, and other things like patents and events. Acquisitions, partnerships, and collaborations were among the inorganic growth tactics observed in the industry. With the increased demand, industry participants in the Property Management market are expected to benefit from attractive growth prospects in the future. The following is a list of a few firms involved in the Property Management industry.
Segmentation Analysis:
by Application
• Commercial
o Construction and real estate
o Government
o Retail
o Hospitality
o Others (Education and industrial)
• Residential
Commercial is the application category that will dominate the market with the highest CAGR throughout the forecast period. The growing demand for property management in this commercial sector is attributable to the industries of construction and real estate, government, retail, and hospitals.
by Deployment
• Cloud
• On-Premises
According to deployment, the cloud category is outpacing the competition with the largest CAGR throughout the course of the forecast. More security is demanded by developing countries, and the cloud component will command a large share of the global market. To keep all documents on one platform at a lesser cost, the software also uses landlords and property managers.
by Component
• Solution
o Lease accounting and real estate management
o Asset maintenance management
o Workspace and Relocation management
o Reservation management
• Services
o Deployment and integration
o Consulting
o Support and maintenance
o Service level agreement management
Based on Component, the Solution segment is now leading the market and is expected to continue doing so. The solution category might have a big impact on the market given the rising demand for higher efficiency. The search for affordable alternatives by landlords and property owners is also encouraging for the expansion of the sector.
by End User
• Property managers
• Housing associations
In terms of End Users, the segment led by Property Managers has the greatest CAGR and is expected to continue to lead the market. The property management application will grow as a result of rising investments in automated technology solutions to streamline operations.
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Key Manufacturers:
The market research study analyses the market's main stakeholders. Among the key firms highlighted in the study are:
• IBM
• Hitachi Vantara
• JLL
• Oracle
• SAP
• Trimble
• RealPage
• AppFolio
• Yardi
• MCS Solutions
• ARCHIBUS
• FSI
• Planon
• Accruent
• Entrata
• iOFFICE
• Indus Systems
• Total Management
• Rentec Direct
• PMX Dynamics
• Hemlane
• OfficeSpace
• CIC
• Archidata
• Buildium
Regional Analysis:
The report offers a comprehensive overview of the sector, including both qualitative and quantitative data. It gives a global market analysis and prediction based on several segments. It also offers market size and forecast projections for five key regions, including North America, Europe, Asia-Pacific, the Middle East Africa, and South America, from 2021 to 2027.
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COVID-19 Impact Analysis on Property Management Market:
The COVID-19 pandemic has had an impact on markets and consumer behaviour. It has had a significant influence on economies and civilizations alike. The effects of COVID-19 are expected to shift consumer demand to online platforms. This might permanently alter customer behaviour because once individuals get into the habit of purchasing online, it becomes a pattern that is difficult to break, compelling businesses to increase their online presence. COVID-19 has an immediate and extensive influence on consumer behaviour across all industries.
Key Questions answered in the Property Management Market Report are:
- Which is the potential market for Property Management in terms of the region?
- What are the opportunities for new market entrants?
- What is expected to drive the growth of the Property Management market in the next seven years?
- What is the projected market size growth rate of the Property Management Market?
- What segments are covered in the Property Management Market report?
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