Global Property Management Market, By Component (Solutions and Services), Deployment Mode (Cloud Based and on-Premises), Application (Residential and Commercial), End User (Property Managers, Housing Associations, Real Estate Agents and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights of Global Property Management Market
Data Bridge Market Research analyses that the property management market would exhibit a CAGR of 8.50% for the forecast period. Rising need to maintain important documents for smooth functioning, growth and expansion of real estate industry and increasing adoption of the software as a service (SaaS) model for property management are the major factors attributable to the growth of property management market.
In simple words, property management provides solutions and services for real estate that involves direct dealing with the tenants or prospects. Property management provides a wide range of solutions and services such as asset maintenance management, lease accounting and real estate management, deployment and integration, support and maintenance and others. In other words, property management is the operation, control and maintenance of residential and commercial properties. Property manager plays a crucial role in the process of property management. His role extends from supervising and coordinating building maintenance and work orders to doing light handyman and cleaning work and resolving tenant concerns and complaints,
Increased preferences of scalability by property managers and owners and rising demand for efficient and effective customer handling have resulted in growth in the property management market value. Evolving trends of workforce mobility will also create lucrative growth opportunities for the property management market. Rising demand for cloud computing integrated services by the various end users will also foster the property management market growth rate. Rising trend of outsourcing services will also propel growth in the property management market value.
However, lack of a strong IT infrastructure in the developing and under developed economies will pose a major challenge to the growth of property management market. Moreover, lack of skilled expertise or trained professionals in such economies will further derail the property management market growth rate. Further, budget limitations for technological solutions will also dampen the property management market growth rate.
This property management market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on property management market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Property Management Market Scope and Market Size
The property management market is segmented on the basis of component, deployment mode, application and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of component, the property management market has been segmented into solutions and services. Solutions segment is further sub-segmented into asset maintenance management, lease accounting and real estate management, reservation management and others. Services segment is further sub-segmented into consulting, deployment and integration, support and maintenance and others.
- On the basis of deployment mode, the property management market has been segmented into cloud based and on-premises.
- On the basis of application, the property management market has been segmented into residential and commercial. Commercial segment is sub-segmented into retail, government, construction and real estate and others. Others segment is further bifurcated into education, industrial and hotel.
- On the basis of end user, the property management market has been segmented into property managers, housing associations, real estate agents and others. Others segment is sub-segmented into third party agents and property investors.
Global Property Management Market Country Level Analysis
Global property management market is analysed and market size insights and trends are provided by country, component, deployment mode, application and end user as referenced above.
The countries covered in the property management market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the property management market and will continue to flourish its trend of dominance during the forecast period. This is because of the growth and expansion of e-commerce sector in this region that has created lucrative opportunities for the retail sector in regards to the adoption of a wide range of solutions and services. Asia-Pacific on the other hand will project the highest CAGR for the forecast period owing to the rapidly evolving infrastructure, coupled with accessibility for the collection and maintenance of property information. Rising population and personal disposable income are some other indirect market growth determinants.
The country section of the property management market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Property Management Market Share Analysis
The property management market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to property management market.
The major players covered in the property management market report are AppFolio, Inc., Buildium, SAP SE, CORELOGIC, Entrata, Inc, ResMan, MAINTENANCE CONNECTION, AN ACCRUENT COMPANY, Property Boulevard, Chetu Inc., PropertyBoss Solutions, Rockend Pty Ltd., Oracle, Alibaba Cloud, eCommunity, Abacus Business Solutions, PropertyMe, DJUBO, HIRUM (AUSTRALASIA) PTY LTD, REI Master, IBM Corporation, Hitachi Vantara Corporation, Jones Lang LaSalle IP, Inc. and Archidata Inc. among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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