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Property Management Software Market Is Expected to Reach $4.7 Billion by 2031

Allied Market Research

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
  • Legal and Insurance Consultancy
  • Others
  • Rental and Tenant Management
  • Property Sale and Purchase Solution
  • Accounting and Cash Flow Management Software
  • Marketing and Advertising
Deployment Model
  • On Premises
  • Cloud Based
Property Type
  • Residential
  • Commercial
  • Industrial
  • Special Purpose
By Region
  • North America  (U.S., Canada)
  • Europe  (UK, Germany, France, Italy, Spain, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
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.

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