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Property Management Software Market 2020-2024 - AppFolio Inc., Console Australia Pty Ltd., and Entrata Inc., Emerge as Key Market Growth Contributors | Technavio

January 4, 2021 GMT
Technavio has announced its latest market research report titled Global Property Management Software Market 2020-2024 (Graphic: Business Wire)
Technavio has announced its latest market research report titled Global Property Management Software Market 2020-2024 (Graphic: Business Wire)

LONDON--(BUSINESS WIRE)--Jan 4, 2021--

The global property management software market size is poised to grow by USD 489.02 million during 2020-2024, progressing at a CAGR of over 5% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.

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Technavio has announced its latest market research report titled Global Property Management Software Market 2020-2024 (Graphic: Business Wire)

The increasing awareness of property management software and its benefits as one of the major factors driving market growth. The traditional way of managing properties using Microsoft Excel, Notepad, or other spreadsheets is tedious, time-consuming, and prone to human error, which is encouraging the adoption of property management software. This software is very convenient as it enables quick responses to complaints and grievances and avoids delay in services.

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Report Highlights:

  • The major property management software market growth came from the cloud-based segment. The inherent ease of use, cost-effectiveness, agility, and innovations in cloud security are encouraging SMEs as well as large organizations to shift toward cloud-based property management solutions. Moreover, the cloud-based deployment of the software is subscription-based. Also, the cloud-based software offers seamless data integration and backup facility. Hence, data loss can largely be prevented using cloud-based property management software.
  • North America accounted for the largest property management software market share in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The increasing investments in smart city infrastructure, the growing investments in the retail sector, and the rising urbanization rate will significantly influence property management software growth in this region. Over 38% of the market’s growth will originate from North America during the forecast period. The US is the critical market for property management software market in North America. Market growth in this region will be slower than the growth of the market in Europe and APAC.
  • The global property management software market is fragmented. AppFolio Inc., Console Australia Pty Ltd., Entrata Inc., London Computer Systems, MRI Software LLC, Quicken Inc., RealPage Inc., Rentec Direct, ResMan LLC, and Yardi Systems Inc. are some of the major market participants. To help clients improve their market position, this property management software market forecast report provides a detailed analysis of the market leaders.
  • As the business impact of COVID-19 spreads, the Global Property Management Software Market 2020-2024 is expected to have positive growth. As the pandemic spreads in some regions and plateaus in other regions, we revaluate the impact on businesses and update our report forecasts.

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Dealing with Huge Volumes of Data will be a Key Market Trend

Property management involves dealing with huge volumes of data. The data comes in the form of property details, consumer details, preferences, demography, and social, government, and legal information. Over time, the analysis of this accumulating data can yield meaningful insights into changing customer preferences or the effects of certain factors on the accessibility of a property. These insights can help property management companies build effective and efficient marketing campaigns and increase sales.

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Property Management Software Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist property management software market growth during the next five years
  • Estimation of the property management software market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the property management software market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of property management software market vendors

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View market snapshot before purchasing

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Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five Forces Summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Deployment

  • Market segments
  • Comparison by Deployment placement
  • Cloud-based - Market size and forecast 2019-2024
  • On-premise - Market size and forecast 2019-2024
  • Market opportunity by Deployment

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • APAC - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography

Drivers, Challenges, and Trends

  • Market drivers
  • Volume driver - Demand led growth
  • Volume driver - Supply led growth
  • Volume driver - External factors
  • Volume driver - Demand shift in adjacent markets
  • Price driver - Inflation
  • Price driver - Shift from lower to higher-priced units
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • AppFolio Inc.
  • Console Australia Pty Ltd.
  • Entrata Inc.
  • London Computer Systems
  • MRI Software LLC
  • Quicken Inc.
  • RealPage Inc.
  • Rentec Direct
  • ResMan LLC
  • Yardi Systems Inc.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

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 17,000 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.

View source version on businesswire.com:https://www.businesswire.com/news/home/20210104005689/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

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UK: +44 203 893 3200

Email:media@technavio.com

Website:www.technavio.com/

KEYWORD:

INDUSTRY KEYWORD: SOFTWARE TECHNOLOGY OTHER CONSTRUCTION & PROPERTY CONSTRUCTION & PROPERTY

SOURCE: Technavio Research

Copyright Business Wire 2021.

PUB: 01/04/2021 01:25 PM/DISC: 01/04/2021 01:25 PM

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