U.S. and Canada Residential Park Software Market - 2025-2032

U.S. and Canada Residential Park Software Market reached US$ 4.8 million in 2024 and is expected to reach US$ 22.63 million by 2032, growing with a CAGR of 18.80% during the forecast period 2025-2032.

The demand for effective property management solutions is rising as the residential park sector continues to grow, which is fueling the considerable expansion of the residential park software market in U.S. and Canada. Property managers are looking for software solutions that may increase tenant happiness, streamline operations and boost overall efficiency as the number of mobile home parks, retirement communities and RV parks rises across North America.

In addition, U.S. and Canadian residential park software industry is expanding due to changes in demographics and way of life. The demand for retirement villages and other age-restricted residential parks is rising as the population ages. To address the particular requirements and preferences of senior citizens, these communities frequently demand specific management solutions.

An example of these solutions includes social interaction facilitation, arranging leisure activities and coordinating health care services. Software companies are meeting this demand by providing solutions that can be customized to meet the specific demands of senior living and retirement homes. The use of residential park software is being driven by developments in technology and a trend towards digitalization.

For Instance, in 2024, Elite Dynamics, a specialist in management software for holiday homes, parks and marinas, has secured US$ 6.3 million in investment from BGF (Business Growth Fund). The funding will fuel the development of their proprietary software on the Microsoft Dynamics platform and boost sales and marketing efforts. With aims to dominate technology solutions for holiday and residential parks, manufacturers and marinas, Elite Dynamics sought an investment partner aligned with their long-term growth vision, finding it in BGF, which recognizes both the potential of the business and the sector.

Dynamics

Growth Demand for Mobile Home Park Management Software in the Residential Sector

The residential park software market in U.S. and Canada is expanding due in large part to the increase in demand for mobile home park management software within the residential sector. Mobile home parks are a significant feature of the residential real estate market, housing a wide variety of tenants such as young families, pensioners and those searching for low-cost housing. In addition, Mobile home parks have specific operating requirements, which call for customized management systems. These requirements include lot rents, tenant administration and amenity tracking. Additionally, Mobile home park management software provides features intended to improve efficiency and simplify operations to meet these particular demands. These software programs often include modules for tenant administration, managing leases and rent, scheduling maintenance, billing and invoicing and communication features.

Mobile home park managers can better manage their sites, increase tenant happiness and maximize income production by consolidating these tasks into a single management system. For Instance, in 2021, MRI Software, a global leader in real estate technology, acquired North Carolina-based AMTdirect, a lease accounting and facilities management solution provider. AMT's technology assists clients in organizing lease portfolios and ensuring compliance with lease accounting standards. With this acquisition, MRI Software aims to expand offerings for corporate tenants and provide AMT clients with additional solutions such as lease administration and AI-powered lease abstraction. This move strengthens MRI Software’s real estate technology market position and underscores its commitment to comprehensive solutions.

Increasing Demand for Automation and Efficiency is Driving the Residential Park Software Market

The growing demand for efficiency and automation in property management is a major factor propelling the residential park software industry in U.S. and Canada. To efficiently manage duties like tenant management, billing, maintenance scheduling and communication, residential parks which include retirement communities, RV parks and mobile home parks need strong management systems. In the automation of repetitive operations, the provision of centralized databases for tenant information, the ability to process payments online and the facilitation of manager-resident contact, residential park software simplifies these procedures. The demand for software solutions that increase productivity and simplify workflows is growing as property managers want to streamline operations and lessen administrative obligations.

Furthermore, in the face of growing competition in the real estate sector, property managers are realizing how critical it is to use technology to their advantage. With its extensive reporting and analytics capabilities, residential park software gives businesses an edge over their competitors by offering insights into park performance, occupancy rates and financial data. For Instance, in 2023, Rice Park Capital Management LP, a Minneapolis-based private investment firm with a focus on venture capital, has invested in Purlin, a technology company specializing in the development and delivery of advanced AI solutions for the real estate sector. Purlin offers enterprise-level software tools tailored for real estate brokerages, teams and agents, aimed at enhancing lead generation, property promotion, buyer targeting and streamlining the buying and closing processes.

Lack of Willingness for Using Innovative Technology

Resistance to technological adoption among some property managers and owners within the company is a major impediment facing the residential park software market in U.S. and Canada. There's still a market sector that is unwilling to adopt new technology, even with the apparent benefits of software solutions in terms of optimizing operations, increasing productivity and boosting tenant happiness.

The reasons for this resistance might be anything from a preference for the more manual, conventional ways of property management to perceived complexity, worries about data security and privacy or nothing at all. Hence, the rate of adoption of software for residential parks can be lower than expected, impeding innovation and market expansion. Furthermore, in contrast to other real estate-related industries, the residential park sector has historically been known for its slowing down of implementing new technology.

Segment Analysis

The U.S. and Canada Residential Park Software market is segmented based on function, size, deployment, and country.

Growing Demand for Management Residential Park Operators

Residential park operators look for software solutions that boosts operational efficiency and streamline park management processes. Reservations, guest check-in/out, facility maintenance, landscaping, security and communication software solutions assist park owners in optimizing operations and providing superior services to residents and guests. To retain customer satisfaction and loyalty, residential parks must provide an exceptional experience for both residents and visitors. Software solutions provide online booking and payment choices, mobile apps for accessing park facilities & services and individualized communication channels improve the overall customer experience and increase resident satisfaction.

Consumers in U.S. and Canada have adopted smartphones and gadgets that allow mobile applications, making it easier to reserve, pay for and check the availability of parking spaces. Using analytics to build parking solutions helps to drive market growth. Eleven-x, a Canadian IoT startup, was chosen in February 2023 to handle one of Arlington County's largest municipal smart parking systems. The project's goal is to improve parking efficiency and convenience for residents and visitors by leveraging wireless technology to monitor and offer real-time data on parking spot availability. It is expected to help vehicles find parking, improve enforcement and reduce traffic congestion quickly.

Competitive Landscape

The major U.S. and Canada players in the market include Rent Manager, Yardi Systems, Inc, AppFolio, Inc, Buildium, NewBook Pty Ltd, Entrata, Inc, ResMan, Elite Dynamics, ParcVu Systems Ltd, and RevControl.

Geography Landscape

Major key players in the market are focusing on new product launches of the residential park software which helps to boost segment growth over the forecast period. For instance, Syrasoft is a U.S.-based company offering cloud-based manufactured housing park software in the market. The company used its in-house property management experience to customize a set of features to accommodate the manufactured home park industry.

The company’s powerful management suite simplifies customers day to day operations and drastically improves access to the most important business metrics. According to the new research published by the Connectivity Standards Alliance (CSA) emphasizes the networks, sensors and devices that form the foundation of an integrated and intelligent smart home, in 2023, around 41% of U.S. internet households have a smart home device and the firm forecasts that by 2024, the home fixed or mobile broadband market will expand to approximately 93% of US households.

Developed in partnership with Connectivity Standards Alliance (CSA), the white paper highlights Parks Associates' latest insight into the top motivators attracting new consumers into the smart home market and new developments and applications in productivity and utility, safety and security, health and energy management solutions in the home. As smart houses in U.S. are increasing the demand for residential park software is increasing.

By Function
• Park Operations
• Visitor Services
• Park Maintenance
• Resource Management
• Bookings & Reservation Management
• Sales & Leads
• Finance
• Owner Management
• Event Management
• Activities
• Memberships
• Others

By Size
• Small
• Medium
• Large

By Deployment
• Cloud-based
• On-premises

By Country
• US
• Canada

Why Purchase the Report?
• To visualize the U.S. and Canada residential park software market segmentation based on function, size, deployment, and country.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points at the residential park software market level for all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The U.S. and Canada residential park software market report would provide approximately 50 tables, 39 figures, and 150 pages.

Target Audience 2024
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies