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Global Property Management
Software Market Research
Report and Forecast 2021-2026
Author: Elena Anderson,
Marketing Manager |
IMARC Group
Report Description
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Report Description
Report Description and Highlights
Property Management Software Market Outlook 2026:
IMARC Group, titled " Property Management Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026," theglobal property management software
market exhibited moderate growth in 2020.
Property management software (PMS) refers to a management system software that is widely used by property managers to automate several functions related to personal properties and equipment. These services include the management of maintenance, legalities and personnel by automating financial, back-office and administrative operations.
These application-based solutions assist in reducing the manual labor involved in storing and sharing documents online while collecting rents, tracking tenants, and scheduling maintenance and repair activities. They also process a large amount of property management-related data that further helps in financial reporting, integrated banking, and generating electronic agreements. As a result, they are
extensively utilized across the residential and commercial segments for simplifying and automating regular tasks in an efficient manner.
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Report Description
Report Description and Highlights
Global Property Management Software Market Trends:
The global market is primarily driven by considerable growth in the real estate sector. The deployment of PMS solutions assists property managers in allocating work assignments in an efficient manner with minimum human errors.
Their use also reduces the overall time taken in responding to complaints of tenants or owners. Since these solutions provide a simple, hassle-free and user-friendly platform to the masses, this is providing an impetus to the market growth. The market is further driven by the rising need for web-based
services, such as Software as a Service (SaaS), by PMS providers.
These solutions offer a centralized platform to the users that displays properties and property-related operations in a comprehensive manner, thereby creating a positive outlook for the market. Moreover, the growing integration of PMS with artificial intelligence (AI), virtual reality (VR), machine learning (ML), and cloud-computing solutions is also acting as a major growth-inducing factor.
On account of the aforementioned factors, the market is expected to grow at a CAGR of 5.6% during 2021-2026.
Report Description
Report Description and Highlights
Breakup by Component:
•Software • On-Premises • Cloud-Based •Services • System Integration • Training and Support • ConsultingBreakup by Application:
•Non-Residential • Retail Spaces • Office Spaces • Hotels • Others •Residential • Multi-Family Housing • Single-Family Housing • OthersMarket Breakup by Region:
• North America • Asia Pacific • Europe
• Latin America
• Middle East and Africa
Note: We are updating our research report 2021-2026. If you want to need latest primary and secondary data with Cost Module, Business Strategy, Distribution Channel, etc.
Competitive Landscape With Key players:
• Accruent LLC (Fortive Corporation). • Appfolio Inc.
• Chetu Inc.
• Console Australia Pty Ltd • Corelogic Inc.
• London Computer Systems Inc. • MRI Software LLC
• Oracle Corporation • Realpage Inc.
• Resman LLC
• Yardi Systems Inc., etc
View Report TOC, Figures and Tables :
https://www.imarcgroup.com/property-management-software-market
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We are the trusted business partners to theworld's leading corporates, governments, and institutionsReport Description
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