Global Property Management Software (PMS) Market 2023
Property management software is a platform that allows real estate organizations to more efficiently manage various aspects of renting and maintaining residential and commercial property portfolios. Some core functions involve tenant and lease tracking, which gives property managers a centralized way to store and access tenant information, applications, and lease agreement documents. Rent collection functionality enables the automated acceptance of online rent payments along with processing of late fees. Additionally, built-in maintenance request modules allow tenants to conveniently report any issues directly to property staff. Managers can then assign and track repair tasks. Financial reporting capabilities provide real-time visibility into income and expense details to simplify accounting tasks.
According to the latest estimates, the global property management software market is set to achieve an incremental growth of USD 2.5 billion, accelerating at a CAGR of almost 7.7% during the forecast period 2023-2029.
This comprehensive industry report provides market estimates and forecasts, accompanied by a detailed examination of the deployment mode, application, end user, and region aspects. It delivers a quantitative analysis of the market, empowering stakeholders to leverage existing market opportunities. Furthermore, the report identifies key segments for potential opportunities and strategies, drawing insights from market trends and the approaches of leading competitors.
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The global market for property management software can be segmented by deployment mode: cloud, on-premises. The cloud-based segment is estimated to account for the largest share of the global property management software market, representing more than 66.3% of the total market.
Property management software market is further segmented by application: commercial, residential. The residential segment held the largest revenue share in 2022.
Based on end user, the property management software market is segmented into: housing associations, property investors, property managers/agents, others. Globally, the property managers/agents segment made up the largest share of the property management software market.
On the basis of region, the property management software market also can be divided into: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America. North America held the highest share in the global property management software market. However, Asia-Pacific is forecast to register the highest CAGR during the forecast period 2023 – 2029.
The market research report covers the analysis of key stake holders of the global property management software market. Some of the leading players profiled in the report include AppFolio, Inc., Console Australia Pty Ltd., CoreLogic, Inc., Entrata, Inc., ManageCasa Inc., MRI Software, LLC, RealPage, Inc., REI Master Pty Ltd., Yardi Systems, Inc., Zillow Group, Inc., among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.
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Gain a reliable outlook of the global property management software market forecasts from 2023 to 2029 across scenarios.
Identify growth segments for investment.
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The market estimate for ease of analysis across scenarios in Excel format.
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Market Segments Covered in Global Property Management Software Industry Analysis:
i.) Deployment mode
iii.) End user
– Housing associations
– Property investors
– Property managers/agents
– North America
– MEA (Middle East and Africa)
– Latin America
Global Property Management Software (PMS) Market 2023 - Report Scope
|Market Size (2022)
USD 4.1 Billion
Deployment Mode, Application, End User, Region
North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America
AppFolio Inc., Console Australia Pty Ltd., CoreLogic Inc., Entrata Inc., ManageCasa Inc., MRI Software LLC, RealPage Inc., REI Master Pty Ltd., Yardi Systems Inc., Zillow Group Inc.
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