Property Management Market Overview
MMR published a report on the Property Management market. The report is a combination of primary and secondary data, and it has been analyzed by domain experts from both a local and global perspective. The report provides a detailed analysis of the market size and share in each region and segment, making it an invaluable resource for investors.
Growth of the Property Management Market
Property Management Market size was valued at USD 23.85 Billion in 2023 and the total Property Management Market revenue is expected to grow at a CAGR of 7.33% from 2024 to 2030, reaching nearly USD 39.12 Billion.
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Property Management Market Report Scope and Research Methodology
At the national, regional, and international levels, the research offers a thorough examination of the Property Management market. It offers a thorough examination of the competitive environment in the Property Management market, taking into account the main players' business plans. A list of the major rivals of Property Management is provided in the study, together with details on their earnings, volume of production, worldwide reach, and sales. The SWOT analysis was employed to ascertain the advantages and disadvantages of the principal participants in the Property Management sector. The study also includes detailed information on the potential, challenges, drivers, and restraints of the Property Management market.
The size of the worldwide and regional Property Management markets was calculated using the bottom-up method. Data on market size, market share, geographical insights, market dynamics, the performance of major players, and industry historical data were gathered using both primary and secondary research methodologies. The research also contains a thorough value chain analysis with data on distributors, customers, and raw materials that aids in understanding the Property Management production process. In order to comprehend the Property Management market at both the macro and micro levels, it also contains Porter's and PESTLE analysis in addition to market attractiveness.
Growth of the Property Management Dynamics:
The Software as a Service (SaaS) model's growing traction is driving the property management market's expansion. Positive market expansion is also aided by an increasing tendency towards workplace mobility and an increase in the demand for outsourced services. One major factor propelling the entire property management systems industry is the recent increase in demand from property managers for effective property portfolio management. The global increase in technology investments, in conjunction with the advent of SaaS-based solutions, is driving the property management market's expansion. In addition to tenant rent, document and lease management, asset management, and financial accounting, property management solutions help users monitor, manage, and analyse a variety of elements of residential and commercial properties. The property management business has a lot of promise thanks to these products.
Property Management Market Segmentation:
by Component
Solution
Facility Management
Lease accounting and real estate management
Asset maintenance management
Workspace and Relocation management
Reservation management
Project Management
Security and Surveillance Management
CRM Software
Other Solutions
Service
Professional Services
Managed Services
The property management market is divided into services and solutions based on component. In 2023, the property management market share that accounted for over 72% was accounted for by the solution segment. This is explained by the system's capacity to provide professionals and property managers the tools they need to handle property-related tasks effectively and economically. In the past, landlords and property owners had to pay and spend time and money hiring outside real estate agents to manage their properties.
But the advent of powerful property management software has improved and streamlined the work that owners and managers do. This domain's services are further divided into two categories: consultancy and support & maintenance. The demand for associated service sectors in the property management market is anticipated to increase due to the growing adoption of wealth management software, leading to rapid expansion.
by Ownership
Municipal Waste
Process Waste
Agriculture Waste
Medical Waste
Others
by End User
Commercial
Industrial
Residential
The property management market is divided into commercial, industrial, and residential segments based on the end user. In 2023, the residential category accounted for 52% of the market share for property management. The need for asset management software, particularly for the administration of residential assets such homes, single- and multi-family residences, bungalows, and comparable buildings, is driving the expansion of this market.
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Property Management Market Key Players:
1. IBM - (United States)
2. Hitachi Vantara - (United States)
3. JLL (Jones Lang LaSalle) - (United States)
4. Oracle - (United States)
5. Trimble- (United States)
6. RealPage - (United States)
7. AppFolio - (United States)
8. Yardi - (United States)
9. ARCHIBUS - (United States)
10. Planon - (Netherlands)
11. Accruent - (United States)
12. Entrata - (United States)
13. iOFFICE - (United States)
14. Indus Systems - (United States)
15. Total Management - (United States)
16. Rentec Direct - (United States)
17. PMX Dynamics - (United States)
18. Hemlane - (United States)
19. OfficeSpace - (United States)
20. Archidata - (Canada)
21. Buildium - (United States)
Property Management Market Regional Insights
Geographically, the report is segmented into several key countries, with market size, growth rate, import and export of Property Management market in these countries, which covering North America - U.S., Canada, Mexico, Europe - UK, Germany, France, Spain, Italy, Rest of Europe, Asia Pacific - China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC, South America - Brazil, and Middle East and Africa.
Key Questions answered in the Property Management Market Report are:
- What is the expected Property Management market size by 2030?
- What will be the CAGR of the Property Management market during the forecast period?
- Which segment held the largest share in the Property Management market?
- How is the competitive scenario of the Property Management market?
- Which are the key factors driving the Property Management market growth?
- What are the factors restraining the Property Management market growth?
- Which region holds the maximum share in the Property Management market?
- Who are the key players in the Property Management market?
For detail insights on this market, request for methodology here @ https://www.maximizemarketresearch.com/request-sample/12628
Key Offerings:
- A detailed Market Overview
- Market Share
- Market Size
- Market Forecast by Revenue
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation- A detailed analysis of each segment and their segments
- Competitive Landscape - Leading key players and other prominent key players.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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