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

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

A hotel Property Management System (PMS) is a centralized application for front and back office employees to perform regular daily operations and transactions related to rooms & guests management, and much more. The PMS fits right at the center of the hotel tech stack and with its modules and integrations to third-party apps & services can help optimize efficiency and synergies between departments.
The PMS software helps the hotel to effectively manage, organize, and schedule their mundane activities including front office workflow, guest check-in & checkout, assigning rooms to guests, delegating housekeeping tasks and billing, etc. In short, PMS automates and streamlines operations to save working hours and offer a better experience to guests.

Market Overview:

The latest research study on the global Property Management System (PMS) market finds that the global Property Management System (PMS) market reached a value of USD 800.24 million in 2022. It’s expected that the market will achieve USD 1343.67 million by 2028, exhibiting a CAGR of 9.02% during the forecast period.

Assessment of the Overall Impact of COVID-19 on the Industry

COVID-19's impacts are being felt around the world, and hotel companies are being affected in various ways. In the short term, hotel managers are concerned with maintaining value and liquidity, keeping visitors and tenants safe, including increased cleaning measures, and adhering to governmental standards. The property management system largely helps hotel companies conduct contactless management.

It's even more critical for property owners, operators, and management teams to be agile and organized now that Covid-19 has been formally categorized as a pandemic by the World Health Organization to continue reducing infection risks within buildings and limiting potential transmission events. Property management system has great advantages in this respect, which can help hotels deal with problems more flexibly. More and more hotels are taking this downtime to improve their technologies and prepare themselves for when things go back to normal. One of the solutions that hoteliers are looking to implement is the hotel property management system.

Industry Trend Analysis

The growth of global property management system (PMS) in hotel market is driven by the downstream demand market. With the development of global economy, the population continues to increase. Growing market demand plays an active role in the expansion of global property management system (PMS) in hotel market. Higher product quality and more affordable products will be one of the future growth opportunities of this market. At the same time, the competition between companies may become more intense. This may become a factor hindering market growth. More importantly, companies in the industry should focus on their products and continuously improve their products based on downstream customer needs before they can gain a competitive advantage and gain a larger market share.

Region Overview:

From 2022-2027, North America is estimated to witness robust growth prospects.

Company Overview:

Oracle is one of the major players operating in the Property Management market, holding a share of 12.26% in 2021.

They're a cloud technology company that provides organizations around the world with computing infrastructure and software to help them innovate, unlock efficiencies and become more effective. They also created the world's first and only autonomous database to help organize and secure their customer's data.

Oracle Cloud Infrastructure offers higher performance, security, and cost savings. It is designed so businesses can move workloads easily from on-premises systems to the cloud, and between cloud and on-premises and other clouds. Oracle Cloud applications provide business leaders with modern applications that help them innovate, attain sustainable growth, and become more resilient.

The work Oracle does is not only transforming the world of business--it's helping defend governments, and advance scientific and medical research. From nonprofits to companies of all sizes, millions of people use their tools to streamline supply chains, make HR more human, quickly pivot to a new financial plan, and connect data and people around the world.

Infor is a global leader in business cloud software specialized by industry. With 17,000 employees and over 67,000 customers in more than 175 countries, Infor software is designed for progress.

Segmentation Overview:

Among different product types, Bookings segment is anticipated to contribute the largest market share in 2027.

Application Overview:

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

Key Companies in the global Property Management System (PMS) market covered in Chapter 3:

infor
DJUBO
innRoad
InnQuest
Guestline
Hotelogix
RMS Cloud
Oracle
eZee Technosys
MSI

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

Accounting Software
Bookings
Check-in and check-out
Telephone systems integration
Point of sale (POS) integration
Other

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

Business hotels
Airport hotels
Suite hotels
Other

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)