Property Management Software Market: Clear Understanding of The Competitive Landscape and Key Product Segment

Industry Insights

Global Property Management Software Market: Overview

According to a new market report pertaining to the global property management software market published by Transparency Market Research the global property management software market is projected to reach a value of ~US$ 1.1 Bn by the end of 2019, and further increase to ~US$ 2 Bn by 2027, expanding at a CAGR of ~7% from 2019 to 2027. Expansion of the property management software market can be attributed to increasing investments in real estate and rise in the demand for transparency in property management. North America is anticipated to lead the global property management software market, followed by Europe, during the forecast period.

Investments in real-estate, worldwide, both, commercial and residential, have increased at a significant rate. Investments in commercial real estate hovered at the second-highest level in 2017. Expansion of the commercial real estate sector across the globe is a major factor driving investments in commercial real estate. The influence of technology, capital flow, cyber risk management, evolution of talent, and PropTech platforms are expected to fuel investments in commercial real estate, thus driving the property management market. Real estate is a preferred investment option, worldwide. Moreover, the ease of managing the property by centralized administration, despite being at a remote location, is a major advantage of real estate investment. 

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Increasing Public & Private Investments and Penetration of Cloud-based Technologies in Property Management to Offer Significant Opportunity

Rapid technological and infrastructural developments are prompting developing economies such as India, Brazil, China, Poland, Mexico, the Philippines, and South Africa to adopt software across various business processes, including property management. Rising infrastructure development and private & public investments across these countries are expected to offer lucrative opportunities to manufacturers of property management software in the long term. For instance, as a part of the infrastructure development plan decided by the U.K Government in 2016, the government is expected to release public sector land to support the building of at least 160,000 homes by 2021.

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Edward Turner

Edward has his fingers firmly placed on the pulse of the business world. He has a keen eye for any new development that could rock our world. He is adept at strategizing to boost web traffic and generate new leads. He is also an expert in Google Analytics, something which he feels could go a long way in getting sites more traction by providing necessary insights.

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