What is Real Estate Property Management Software Market?
Real estate property management software helps the owners and professionals to track leases, residents and maintenance tasks. It also helps to collect rent and manage finances to reduce costs and streamline operations. The software automates the back office, financial and operational tools for real estate property managers. It supports different residential and commercial property types and can scale up or down, depending on property portfolio size. Moreover, it connects the property managers and tenants as it uses the same technology same technology in customer relationship management.
Highlights from Real Estate Property Management Software Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Moxtra (United States), Innago (United States), Ramquest (United States), Pendo (United States), iStaging (United States), TOPS Software (United States), TenantCloud (United States), GENKAN (Thailand), Yardi (United States) and Ensoware (United States) |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Real Estate Property Management Software market throughout the forecasted period.
Moxtra (United States), Innago (United States), Ramquest (United States), Pendo (United States), iStaging (United States), TOPS Software (United States), TenantCloud (United States), GENKAN (Thailand), Yardi (United States) and Ensoware (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Rosmiman Software (Spain) and Corrigo (United States). Real Estate Property Management Software Market Segmentation:
Scope | Sub-Segments |
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Platform | Windows,Mac,Others |
Deployment | On premise,Cloud |
Features | Billing and Invoicing,Contact management,Credit check,Expense management,Insurance management,Landlord data base,Others |
Subscription | Monthly,Annually,One-time license |
On the basis of geography, the market of Real Estate Property Management Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Urbanisation in Developing Economies
Market Growth Drivers:
Increasing Prominence of Property Managers and Owners on Scalability and Increase in Infrastructure Development
Challenges:
Risks Associated with Cyber Security and Lack of Awareness About the Property Management Software
Restraints:
High Costs Associated with the Software Installation
Opportunities:
Wide Range of Applications Such as Online Document Storage, Financial Reporting and Others
Key Target Audience
Property management service providers, Government associations, Research organisations, Software vendors and Others
Market Leaders & Development Strategies
On May 2019, MRI software has acquired Engage Property Technology which is a leading UK-based provider of self-service online portals used by property organizations of all sizes. This acquisition will strengthen MRI's end-to-end offering for the residential sector.
On April 2020, MRI Software, which is a global leader in real estate software solutions, has announced the launch of key new and updated features for its residential, commercial and financial solutions. This will better equip its clients to navigate the emerging challenges of the COVID-19 crisis.