About Property Management Accounting Software
Property management software is specifically intended to assist in managing properties with ease and effectiveness while also saving time. It enables to perform all of the functions of a traditional accounting system, such as managing accounts, Reporting, Payments acceptance and Payroll. Landlords, property managers, and small enterprises with a single unit to a real estate portfolio of thousands can utilize property management software to save time and money by consolidating hundreds of duties into one central spot.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
The market for property management software is quite fragmented. Vendors are attempting to capitalize on growth prospects and increase their market position. The impact of technology, cyber risk management, capital flow, and talent evolution, are just a few of the reasons projected to drive the global market for commercial property management accounting software. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Property Management Accounting Software market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
AppFolio, Inc. (United States), CoreLogic (United States), DoorLoop, Inc. (United States), Intuit Inc. (United States), Buildium (United States), AppFolio, Inc (United States), Hemlane, Inc. (United States), TenantCloud LLC. (United States), MRI Software LLC (United States), Condo Control (Canada), RealPage, Inc. (United States), Console Australia Pty. Ltd. (Australia) and InnQuest Software (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are RealPage, Inc. (United States), Console Australia Pty. Ltd. (Australia) and InnQuest Software (United States).
Segmentation Overview
AMA Research has segmented the market of Global Property Management Accounting Software market by and Region.
On the basis of geography, the market of Property Management Accounting 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). If we see Market by Pricing, the sub-segment i.e. Monthly will boost the Property Management Accounting Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-User, the sub-segment i.e. Housing Associations will boost the Property Management Accounting Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. Cloud-Based will boost the Property Management Accounting Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Features, the sub-segment i.e. Robust financial reporting will boost the Property Management Accounting Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In May 2022- Tribe Property Technologies Announces Acquisition of Southview Property Management. Southview Property Management is the have the wealth of experience in both strata and rental management.
In May 2022- Sage announced the launch of Sage Intacct Real Estate, a new module that adds property management functionality to the Sage Intacct cloud financial management system. Sage is the leader in accounting, financial, HR, and payroll technology for small and medium-sized businesses (SMBs).
Market Drivers
- Need for Managing the Financial Operations for Managing Ledgers and Payables
- The Growing Demand for the Smart Building Projects
Opportunities
- Technological Advancement in the Property Management Accounting Software
- Rising Urbanization Worldwide is Boosting the Rental Property Management Accounting Software Market
Restraints
- Risk Related to Privacy of Data in Property Management Accounting Software
Challenges
- Technological problems with the Property Management Accounting Software
Key Target Audience
Property Management Accounting Software Developers, Property Management Accounting Software Industry Association, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.