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Global Property Management Software Market 2018-2022 | Increasing Awareness of Property Management Software and its Benefits to Boost Demand | Technavio

October 16, 2018

LONDON--(BUSINESS WIRE)--Oct 16, 2018-- analysts forecast the global property management software market to grow at a CAGR close to 5% during the forecast period, according to their latest market research report.

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Technavio has published a new market research report on the global property management software market from 2018-2022. (Graphic: Business Wire)

The use of artificial intelligence, machine learning, voice commands, and virtual reality is one of the major trends being witnessed in the . The real estate industry will see a huge change in the way processes are executed, owing to the integration of intelligent systems, machine learning, and artificial intelligence in property management software. In the coming years, the use of AI and chatbots will provide tenants with improved services and automated maintenance workflows. Another upcoming technology that is being integrated into property management software is virtual reality. This technology allows property managers to provide the prospective tenants with a tour of the house or amenities without even meeting them in person. Similarly, 3D imaging and 360-degree imaging services enable the all-round visualization of properties for sale. These technologies increase customer interest and create a positive brand image.

This report is available at a USD 1,000 discount for a limited time only:

According to Technavio analysts, one of the key factors contributing to the growth of the global property management software market is the increasing awareness of property management software and its benefits:

Global property management software market: Increasing awareness of property management software and its benefits

One of the main factors that will drive the growth of global property management software market is the increasing awareness of the benefits of this software among customers. The software is very convenient compared to traditional ways of managing properties using Notepad, Microsoft Excel, or other spreadsheets. Property management software eases data management by adding the master data and then updating the same. Property management software also helps in documenting lease management by default, creating rent reminders, providing payment updates, creating online payment options, and tracking responses to display advertisements. Thus, the increasing awareness of property management software and its benefits is expected to fuel the growth of the global management software market during the forecast period.

According to a senior analyst at Technavio for research on enterprise application, “Property management software integrated with advanced technologies, enables property management companies to build effective and efficient marketing campaigns and increase sales with the use of data analytics. Such advanced features are expected to boost the growth of the market.”

Global property management software market: Segmentation analysis

The global property management software market research report provides market segmentation by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

The Americas held the largest share of the market in 2017, accounting for over 45% share, followed by EMEA and APAC respectively. However, during the forecast period, the APAC region is expected to register the highest incremental growth.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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View source version on businesswire.com:https://www.businesswire.com/news/home/20181016005757/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY SOFTWARE CONSTRUCTION & PROPERTY COMMERCIAL BUILDING & REAL ESTATE RESIDENTIAL BUILDING & REAL ESTATE

SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 10/16/2018 11:05 AM/DISC: 10/16/2018 11:05 AM

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