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Property Management Market by Component, Solution, Service, Deployment, End-User, Application And Region - Global Forecast to 2023

Property Management Market: Global Forecast until 2023

  • August 2018
  • 146 pages
  • ID: 5483616
In this report:
The global property management market is expected to grow from USD ##,##.## million in 2018 to USD ##,##.## million by 2023, at a Compound Annual Growth Rate (CAGR) of ##.##% during the forecast period.
The property management market size by commercial application is expected to grow from USD ##,##.## million in 2018 to USD ##,##.## million by 2023, at a CAGR of ##.##% during the forecast period.

Summary

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The property management market size to grow at a Compound Annual Rise rate of 8.80 percent during the forecast period.

The overall property management market size is forecasted to grow from ~$14.5B in 2018 to ~$22.0B by 2023, at a Compound Annual Increase rate of 8.80 percent during the forecast period. Main increase factors for the sector contain an growing demand for real estate and smart building projects and demand for SaaS model of property management. Nevertheless, budget constraints for deploying technological solution could restrain the market increase.

Services component segment to grow at a better compound annual growth rate during the outlook period

The services segment plays a main role in the property management market, as property management services help property caretakers and firms in reducing their operational costs, automating and handling property management tasks, growing global revenue, and improving performance.The upsurge in real estate and smart city projects mandates the critical need for reliable and cost-effective property management software solution and its associated services to manage properties.

Services offer customized offerings to commercial customers, including property managers, housing associations, and companies. They help institutions across application areas for effectively improving the performance and agility of their properties and facilities.

North America continent to hold the biggest sector size, and Asia Pacific (APAC) to grow at the maximal rate during the estimate period.

North America (NA) is forecasted to hold the biggest industry size in the overall property management market, as it is a technologically advanced area.Top countries providing to the property management market in the territory contain the USA and Canada (CA).

Furthermore, many technological innovators, including IBM, Oracle, ARCHIBUS, Trimble, and Accruent, are headquartered in the area.The leading vendors in the industry are focusing on introducing technically advanced solutions to attain cost effectiveness.

The already developed infrastructure and the growing commercial and residential real estate demands in this area could spur the industry demand for property management solutions. Technological improvements and the rise in rental demands will boost the rise of the property management market in the territory.

Asia-Pacific is expected to grow at the highest compound annual growth rate (CAGR) during the outlook period.The increasing economies, such as china (CN) and India (IN), in the area achieving a real Gross Domestic Product increase of 6 - 7.0 percent Y-o-Y, and the increase in demand for market investments in the infrastructure market, containing commercial and real estate properties, have attracted of many overall property management vendors, including MCS Solutions, Yardi, and JLL to offer their solutions in the Asia-Pac regions.

Also, many overall technical actors are expanding their footprint in Asian countries including India, Singapore (SG), and China (CN).This has led this region's property vendors to improve their capabilities in their automation solutions to meet the requirements of the rising number of properties in the Asia-Pacific regions.

The quick increase of the commercial and real estate sector is creating possibilities for property management solution providers in the territory.

In the process of finding out and checking the market size of different segments and sub-segments collected by secondary research, extensive primary audit sessions were managed with the top people. The distribution of profiles of primary members taking part is like:

• By Organization: Tier 1 - 30 %, Tier 2 - 40.0 percent, and Tier 3 - 30.0 percent

• By Description: C-suite - 72.0 percent, D-level - 14.0 percent, and Others - 14.0 percent

• By Area: North America continent - 57.0 percent, Europe (EU) - 14.0 percent, Asia-Pac, and rest of the world - 29.0 percent

The property management market includes main vendors, including IBM (NYSE:IBM), Hitachi Vantara, JLL, Oracle Corporation (NYSE:ORCL), SAP, Trimble, RealPage, AppFolio, Yardi, MCS Solutions, and ARCHIBUS. The other actors contain FSI, Planon, Accruent, Entrata, iOFFICE, Indus Systems, Total Management, Rentec Direct, PMX Dynamics, Hemlane, Property Boulevard, OfficeSpace, CIC, Archidata, and Buildium.

Segment Research

The market research includes a detailed competitive analysis of the top players in the property management market, together with their company descriptions, recent evolutions, and key industries strategies. The document breaks down the property management market by component (solution and services), deployment type, end-user, application and area.

Why Purchasing This Study Can Help You:

The industry report on the overall property management market will facilitate industry top players/new sector entrants in the sector in these ways:

1. The overall property management market size has been derived on the basis of the revenue generated by sellers offering dedicated property management software and associated services, including facility property management solutions that help manage different property and facility operations. Because, the market scope excludes the income generated from Integrated Workplace Management System solutions. The study offers the best approximations of the revenue data for the global market and sub-segments. The industry numbers are further split into localities.

2. The analysis benefits partners comprehend the pulse of the sector and offers them with info on the main market drivers, market restraints, opportunities, and alternatives.

3. The market research benefits partners to comprehend the players and obtain additional insights to better their market position. The competitive outlook section includes the competitor ecosystem, new industry product developments, alliances, and mergers and acquisitions.

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