The Property Management Software Industry Market Analysis

Property management software helps property managers manage their daily operations. These operations include tenant and lease tracking, accounting, and building maintenance. The software solution provides property managers a centralized platform to view all their properties. It also ensures the progress of other property-related operations such as supervising maintenance tasks and addressing the needs of tenants.

The market for Property Management Software is fragmented with players such as Yardi Systems, RealPage, Entrata, MRI Software, Iqware, AppFolio, Accruent, Syswin Soft, Qube Global Software, Buildium, Rockend, Console Group, InnQuest Software, and so on. Among them, Yardi Systems is the global leading supplier.

On the basis of type, the Property Management Software market is segmented into On-Premise PMS and Cloud-Based PMS. The Cloud-Based PMS segment is expected to account for the larger share of the global market in 2016.

End-users, included in this market are Household, Hospitality and Vacation Rental, Commercial, and Industrial usage. The Household application is expected to account for the largest share of the global market in 2016.

The global property management software market is highly fragmented due to the presence of several international and regional vendors holding market shares across the globe. Large companies acquire smaller companies to enhance their product portfolio and market share. These deals help established companies acquire advanced technologies to enter new markets.

According to GlobalInfoResearch, the global Property Management Software industry was 2377.70 million USD in 2017 and is projected to reach USD 3334.02 million USD by 2022, at a CAGR of 6.99% between 2017 and 2022

 

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