A new report from Allied Market Research shows that the global property management software market generated $3 billion during the 2021 year and is is projected/estimated to reach $4.7 billion by the year 2031, growing at a CAGR of 4.9% from the year 2022 to 2031.
Report coverage & details from the study:
| Report Coverage | Details |
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $3 Billion |
| Market Size in 2031 | $4.7 Billion |
| CAGR | 4.9% |
| No. of Pages in Report | 207 |
| Segments Covered | Solution, Deployment Model, Property Type, and Region |
| Drivers | Increase in adoption of cloud computing solutions and software-as-a-service (SaaS) platforms, machine learning tools, and the internet of things (IoT). |
| Rise in the development of smart real estate infrastructure and growing dependency upon one platform approach. | |
| Opportunities | Surge in consumer demand for sustainable living and working space |
| Restraints | Lack of awareness regarding optimal software solutions |
The data demonstrates the market scale, which will likely impact a number of factors within the industry, such as residential like South Florida real estate agents and commercial real estate agents, as well as finding insurance agents, in some markets.
Additionally, the report found the following:
Property Management Software Market Report Highlights
| Aspects | Details |
|---|---|
| Market Size By 2031 | USD 4.7 billion |
| Growth Rate | CAGR of 4.9% |
| Forecast period | 2021 – 2031 |
| Report Pages | 207 |
| Solution |
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| Deployment Model |
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| Property Type |
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| By Region |
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| Key Market Players | Alibaba Group Holding, Console Australia Pty. Ltd., IQware Inc., Microsoft Corporation, Oracle Corporation, PropertyMe Pty. Ltd., REI Master Pty. Ltd., Rockend Pty. Ltd., TAP Co., Ltd., Entrata, Inc. |
