Self-storage Software Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The global self-storage software market is projected to grow from USD 3.12 billion in 2021 to USD 7.4 billion by 2027 at a CAGR of 7.57% over the forecast period from 2022 to 2027. The self-storage industry has evolved considerably since its inception in the late 1960s. The main growth factors for this industry can be attributed to the increased awareness of these facilities and urbanization. The principal competitive factors for this industry are the pricing and location of the facility. Seasonal demands drive the occupancy rates.
Key HighlightsThe self-storage software industry is quite fragmented, and the competition is fierce, with many companies providing software solutions in the market. The companies are expanding rapidly. As a result, the overall market growth is also rampant globally. Technological advancements are also bringing sustainable competitive advantage to companies, and the market is witnessing multiple partnerships and mergers.
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