The Property Management Market is segmented on the basis of components (solutions and services), deployments, end-users, applications, and regions.
The Property Management Market is gaining traction as property management solutions and associated services empower property managers and allied individuals to manage and maintain property related operations efficiently and cost-effectively. Traditionally, property owners or landlords either hire third-party property managers or manage their property themselves, which requires high time and manpower investment. Nowadays, the easy availability of reliable online as well as standalone property management software has simplified and automated the tasks of property managers and owners.
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Rise in real estate infrastructure, demand for smart building projects, and availability of the SaaS model for property management are expected to boost the growth of the overall property management market.
- Drivers :
Increasing Demand for SaaS Model of Property Management
Evolving Trend of Workplace Mobility
Increasing Demand for Smart Building Projects.
- Market Opportunities :
Integration of BIM With Property Management Solutions
Rising Demand for Outsourcing Services
Property management solutions are instrumental in offering heterogeneous features, such as lease and account management, repair and maintenance, and asset management. Property management software helps property managers and owners to simplify property management processes by eliminating communication gaps; automating management tasks including finances, management of property documents, and contracts; and facilitating rent collection processes.
Major players in the global Property Management Market include:
- IBM (US),
- Hitachi Vantara (US),
- JLL (US),
- Oracle (US),
- SAP (Germany),
- Trimble (US),
- RealPage (US),
- AppFolio (US),
- Yardi (US),
- MCS Solutions (Belgium),
- ARCHIBUS (US).
The other players include FSI (UK), Planon (Netherlands), Accruent (US), Entrata (US), iOFFICE (US), Indus Systems (US), Total Management (US), Rentec Direct (US), PMX Dynamics (Canada), Hemlane (US), Property Boulevard (US), OfficeSpace (US), CIC (US), Archidata (Canada), and Buildium (US).
