Global Property Management Software Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Property Management Software Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Property management software is an application program designed for property managers and landlords. Property management software helps landlords and real estate professionals track leases, residents and maintenance tasks, as well as collect rent and manage finances to reduce costs and streamline operations. Modern applications enable property management software to be easily used on smart phones, tablets and mobile devices for busy rental professionals.

Market Overview:

The latest research study on the global Property Management Software market finds that the global Property Management Software market reached a value of USD 3234.34 million in 2022. It’s expected that the market will achieve USD 5008.29 million by 2028, exhibiting a CAGR of 7.56% during the forecast period.

Influence of COVID-19 Outbreak on Property Management Software Industry Development

In short, with the coronavirus (COVID-19) pandemic affecting many people and industries, the software industry, e-commerce, etc. have received rapid development and innovation due to changes in the work structure. The COVID-19 crisis has changed the way the property management team works.

COVID-19 pandemic changed life. Property management business has been affected in different ways, which leads many people to review their existing business model to ensure not only continuity but also flexibility to adapt to the future. The pandemic has accelerated the adoption of digital technology by institutions. However, as many property managers know, the benefits of technology are not only to ease the crisis and business continuity. For example, cloud-based solutions not only help improve accessibility during social distance, but also improve the efficiency of property management teams. Companies in many industries are scrambling to launch applications and online solutions to continue to provide their products and services.

COVID-19 crisis has also brought great changes to the property management process. Many organizations find themselves suddenly adjusting maintenance workflows, routine inspections and tenant services to comply with restrictions. Property management software can help improve service efficiency and encourage them to adopt these changes for a long time. In addition, the COVID-19 crisis changed the way the property management team worked.

Region Overview:

North America had the highest growth rate of all regions.

Company Overview:

Yardi is one of the major players operating in the Property Management Software market, holding a share of 16.93% in 2021.

Yardi is dedicated to the design, development, and support of real estate investment management and property management software. Yardi offer full business solutions for every real estate market, including multifamily, single family, affordable, public, senior and military housing as well as office, industrial, and retail market segments.

AppFolio provides innovative software, services, and data analytics to the real estate industry. AppFolio's industry-specific, cloud-based business management solutions are designed to enable customers to digitally transform their businesses, address critical business operations, and enable exceptional customer service.

Segmentation Overview:

By type, Cloud segment accounted for the largest share of market in 2021.

Application Overview:

By application, the Commercial segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Property Management Software market covered in Chapter 3:

TOPS Software
MRI Software
Entrata
SS&C Technologies, Inc
PropertyZar
Hemlane
RealPage
Rentec Direct
RentPost
Innago
ManageCasa
Yardi 
Total Management
SimplifyEm
Rent Manager
AppFolio
PayProp
ResMan

In Chapter 4 and Chapter 14.2, on the basis of types, the Property Management Software market from 2018 to 2029 is primarily split into:

On-Premise
Cloud

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Property Management Software market from 2018 to 2029 covers:

Commercial
Residential

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)