Global Property Management Market 2023-2027
The property management market is forecasted to grow by USD 10.40 bn during 2022-2027, accelerating at a CAGR of 7.72% during the forecast period. The report on the property management market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by adherence to industry and government regulations for property listings, increasing importance of customer-centric business processes, and increasing awareness of property management software and its benefits.
Technavio's property management market is segmented as below:
- By Application
- Commercial
- Industrial
- Residential
- Recreational marinas
- By Component
- Solutions
- Services
- By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the blockchain and smart contracts as one of the prime reasons driving the property management market growth during the next few years. Also, use of artificial intelligence, machine learning, voice commands, and virtual reality and use of data analytics to improve the viability of property management software will lead to sizable demand in the market.
The report on the property management market covers the following areas:
- Property management market sizing
- Property management market forecast
- Property management market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading property management market vendors that include 360 Mango Solutions Pvt. Ltd., Amadeus IT Group SA, CBRE Group Inc., Ciirus Inc., Digital Arbitrage Ltd., Ezee Technosys Pvt. Ltd., Guestline Ltd., Honeywell International Inc., Hotelogix India Pvt. Ltd., InnKey PMS, International Business Machines Corp., Koch Industries Inc., Microsoft Corp., Micro Star International Co. Ltd., Oracle Corp., SAP SE, Frontdesk Anywhere Inc., InnQuest Software, Northwind Commercial Real Estate, and Saaranya Hospitality Technologies Pvt. Ltd.. Also, the property management market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.