The global property management market size is predicted to reach USD 28.21 billion by 2028, exhibiting a CAGR of 9.3% during the forecast period. The increasing investment in R&D by key players has a positive impact on the property management market growth during the forecast period. According to the report published by Fortune Business Insights, titled, “Property Management Market Size, 2021-2028,” the market size stood at USD 13.88 billion in 2020. Moreover, the rising upgradation in software with enhanced features to make the application easy and friendly for customers will spur business opportunities for the market in the forthcoming years.
A List of Renowned Companies Operating in This Market:
- AppFolio, Inc. (California, United States)
- Archibus, Inc. (Massachusetts, United States)
- CORELOGIC (California, United States)
- Entrata, Inc. (Lehi, Utah)
- Yardi Systems, Inc. (California, United States)
- ManageCasa (California, United States)
- Planon (Nijmegen, Gelderland)
- RealPage, Inc. (Texas, United States)
- SAP SE (Walldorf, Germany)
- Trimble, Inc. (California, United States)
- IBM Corporation (New York, United States)
- MCS Solutions (Antwerp, Belgium)
 |
| Get Sample PDF Brochure |
What Does the Report offer?
The property management market report focuses and elaborates the definition,
types, applications and major players in detail. Deep analysis about status,
competition pattern, enterprise, advantages and disadvantages of enterprise Property
Management market products, industry
development trends, regional industrial layout characteristics and
macroeconomic policies, industrial policy has also been studied and provided
within the synopsis. From raw materials to downstream buyers of this industry
has been analyzed scientifically, the feature of product circulation and sales
channel is presented as well. This report is aimed at helping companies,
investors and potential shareholders along with venture capitalists establish a
bird’s eye view prospect of industrial development and characteristics of the
market. The report also benefits its readers by providing the unrivalled data
in well-organized manner.
COVID-19 IMPACT-
Requisite for Property Management Solutions
to Support Development amid Coronavirus
The real
estate and construction industry was severely affected by the COVID-19
pandemic. However, the strict guidelines imposed by the governments will spur
demand for property management solutions among operators and owners. The rising
adoption of smart processes and AI technologies will contribute positively to
the market growth. The growing awareness regarding the health risks associated
with COVID-19 has boosted the need for property management software. However,
the high investments in digital solutions can hamper its adoption during the
global pandemic.
Read a Detailed Summary of This Report:
REGIONAL INSIGHTS:
Flourishing E-commerce Industry to Spur
Market Opportunities in North America
The market in North America generated high revenue in 2020 and is
predicted to grow rapidly during the forecast period owing to the surge in
E-commerce. The rising investment by key players in Property Management will
augment healthy growth of the market in the region. Asia Pacific is likely to
grow significantly during the forecast period owing to the increasing
middle-class population in China, India, and Indonesia. The booming logistics,
retail and hotel industry will contribute positively to the growth of the
market in the region. The growth in E-commerce and technological advancements
will enable speedy growth of the market in Asia Pacific. Europe is predicted to
witness steady growth during the forecast period. The growth in the region is
attributed to the growing focus of regional players towards advanced software.
COMPETITIVE
LANDSCAPE:
Launch of
Payments Platform by ManageCasa to Create Business Opportunities
ManageCasa, leading software management company, announced the
partnership with Stripe, a global leader in online payment processing to launch
a new digital payments solution for the property management industry. This
software will enable landlords and property managers to automate rent payments,
other income charges and expense payments, and enjoy a fully-automated
bookkeeping experience from end to end. The introduction of the innovative
software can be a vital factor in bolstering the healthy growth of the market owing
to the timely automated payments and other reminders, aiding in fully-automated
process for payments.
Furthermore, the CEO of ManageCasa, said in a statement, “Sending
and receiving payments has always been a challenge in our industry, often
requiring lots of time and effort on the part of both property managers and
tenants to meet in person to get rent and bills paid, “sending and receiving
payments has always been a challenge in our industry, often requiring lots of
time and effort on the part of both property managers and tenants to meet in
person to get rent and bills paid. He further added, “we're thrilled to provide
an online solution that will allow payments to change hands securely in just a
few clicks."
A KEY INDUSTRY DEVELOPMENT:
- February 2021: Yardi Systems, Inc., a major software
provider introduced Rent Relief powered by Yardi, an all-in-one suit to help
households and landlords manage payments quickly and easily.
Read Press Release:
This is a great information no doubt but have you ever tried to write a blog on Certificate IV In Finance And Mortgage Broking Assignment Help. Please try this once.
ReplyDelete