About Rental Property Management Software
Rental property management software automates the management of rental property companies in payments, transactions, manage the tenant, leasing functions contracts, and other operations. It carries out the front office functions, real estate property, assets and provides efficiency. It also helps in better communication or engagement with the landlord and tenant over the portals, it supports the residential, industrial, and commercial property management.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
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.
Smoobu GmbH (Germany), Quicken Inc (United States), Rentler (United States), AppFolio, Inc. (United States), Yardi Systems, Inc. (United States), Buildium (United States), Rentberry, Inc. (United States), RealPage, Inc. (Propertyware) (United States), TrueRent, Inc. (United States) and MRI Software, LLC (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Rental Property Management Software market by , Application (Small Business, Midsize Enterprise, Large Enterprise and Other) and Region.
On the basis of geography, the market of Rental 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). If we see Market by Pricing Option, the sub-segment i.e. Free Trial will boost the Rental Property Management 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 will boost the Rental Property Management 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. Credit Check will boost the Rental Property Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Use of Cloud-based Rental Property Management Software
Market Growth Drivers:
Rising Number of Tenants and Rental Property Around the Worldwide and Demand for the Automation in Management Rental Property for Proper Operation
Challenges:
Technological problems with the Rental Property Management Software
Restraints:
Risk Related to Privacy of Data in Rental Property Management Software
Opportunities:
Technological Advancement in the Rental Property Management Software and Rising Urbanisation Worldwide is Boosting the Rental Property Management Software Market
Market Leaders and their expansionary development strategies
On 18th December 2019, Buildium has been acquired by Real Page Inc. The acquisition is highly strategic for both parties and marks a critical step in Buildium's evolution. The transaction will result in value creation for the combined enterprise through an expanded global customer base and an enhanced property management software and payments platform.
On 8th January 2020, MRI Software, a global leader in real estate software solutions, announced the acquisition of Lindsey Software, a leading provider of property management software and services for public and affordable housing organizations in the United States. Lindsey's comprehensive suite of software and services, designed to help housing agencies optimize operational and administrative processes and fulfill government compliance requirements, will further extend MRI's existing public housing capabilities to better serve the industry.
Key Target Audience
Rental Property Management Software Developers, Rental Property Management 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 a 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 the purpose to understand the companies positioning regarding the 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 a 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, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.