Industry Background:
The global real estate accounting software market is expected to witness a high growth in near future owing to increasing demand for smart technological solutions in the real estate sector and rising use of big data and analytics. However, security threats like data hacking and concerns regarding cyber security is hampering the market. Accounting is a critical component of a successful real estate professional. The real estate accounting software helps provide an indication of a business' financial health.This growth is primarily driven by Need For Cost Optimization for Project Managers in Real Estate
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Application Software sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as NetSuite (United States), Sage Intacct (United States), Multiview Corporation (Canada), ScaleFactor (United States), RSM UK (United Kingdom), Oracle (United States), FinancialForce (United States), Xero (New Zealand), Bench (Canada) and Infor (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
March 2023, SetSchedule is a technology company based in Irvine, California, focused on information SaaS products including business development and office automation. In particular, we announced the successful acquisition of Rentastic, an accounting solution for real estate investors.
On June 19, 2019 – Xero, the global small business platform enhances its platform with a revamp of its app marketplace and the first digital US bank connection. and On June 18, 2019 - Xero, a global small business platform, unveiled major product enhancements aimed at empowering advisors - such as accountants and bookkeepers, to help them run their businesses more efficiently.Leading real estate accounting software players are focusing on improve their products and services and launching new platforms to the customers. The players are also focusing on increasing their client base to strengthen market position and to offer product & services.
Influencing Trend:
Usage of Big Data and Analytics and Increasing Need to Manage Documents and Ensure Security of Sensitive Information
Market Growth Drivers:
Need For Cost Optimization for Project Managers in Real Estate and Growing Demand for Smart Technological Solutions in the Real Estate Sector
Challenges:
Concerns Regarding Cyber Security Issues
Restraints:
Security Threats like Data Hacking, Related to Cloud-Based Accounting Software
Opportunities:
Increase in Use of Web-Based Interface
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Real Estate Accounting Software Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Real Estate Accounting Software Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Real Estate Accounting Software players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Real Estate Accounting Software Study Sheds Light on
The Real Estate Accounting Software Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Real Estate Accounting Software industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Real Estate Accounting Software industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.