Property Management Software Market - Easy Access Data Pushing Growth at 6.77% CAGR to 2020

Apr 07, 2016, 22:00 ET from Sandler Research

PUNE, India, April 8, 2016 /PRNewswire/ --

One of the major trends in the property management software market is the growing demand for property management software and solutions among corporations. As a result of globalization, enterprises have to operate on a global scale and have therefore started investing in real estate software to manage their global property-related operations such as the development of new projects and the establishment of a manufacturing plant.

Complete report on camp property management software market spread across 55 pages, analyzing 6 major companies and providing 30 data exhibits is now available at http://www.sandlerresearch.org/global-property-management-software-market-2016-2020.html.

The analysts forecast global property management software market to grow at a CAGR of 6.77% during the period 2016-2020. The software's ability to provide easy access to property management data is one of the major drivers of the market. Real estate enterprises handle a large amount of data and they need software to automatically track the information stored in their IT systems. They also require software solutions to manage online sales and purchases of properties to improve their overall operational efficiency. Enterprises also use software for facility management.

The report covers the present scenario and the growth prospects of the global property management software market for the period 2016-2020. To calculate the market size, the report considers revenue generated from software licensing. Software licenses are classified into the following categories: term license, subscription license and perpetual license. Order a copy of Global Property Management Software Market 2016-2020 report @ http://www.sandlerresearch.org/purchase?rname=52844.

In the construction segment, property management software is mainly used for cost accounting, construction estimation, construction project management, and document control. In construction estimation, property management software ensures precise calculations across all aspects of the bid, including labor, suppliers, subcontractor bids, materials, and equipment. The software also helps in reducing risks by identifying issues and storing all related documents electronically in a centralized system.

The Americas dominate the property management software market with approximately 47% market share. The real estate market in the region is rebounding after the 2008 slump and turbulence. Real estate companies are embracing business intelligence related software and are using it to make smarter decisions. The property management software market is very fragmented, and there are plenty of vendors vying for market share.  Many large companies have entered into mergers with others to improve their market presence. These deals have helped larger companies get access to brand new markets. 

Key players in the global property management software market: AppFolio, Buildium, London Computer Systems, MRI Software, RealPage, and Yardi Systems. Other prominent vendors in the market are: Accruent, ARGUS Software, Genkan, PROMAS, Property Boulevard, Rentec Direct, RentPost, Realty Information Systems, Rosmiman Software Corporation, Skyline Property Management, Total Management, TOPS Software.

Further, the property management software market report states that real estate enterprises are very skeptical about sharing their confidential data as most of the data deal with financial planning, budgeting, and contract management. Most vendors in the market provide software as a service (SaaS)/web-based solutions. The risk of information leakage is present in a SaaS-based model, resulting in unauthorized access and misuse of data.

Another related report is Global Housing Mortgage Market 2016-2020: analysts forecast global housing mortgage market to grow at a CAGR of 3.95% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global housing mortgage market for 2016-2020. To calculate the market size, the report considers the global residential loan value from 37 major companies spread across EMEA, APAC, and the Americas. Browse complete report @ http://www.sandlerresearch.org/global-housing-mortgage-market-in-china-2016-2020.html.

Key players in the global housing mortgage market: Bank of China, China Construction Bank, HSBC, and Wells Fargo. Other Prominent Vendors in the market are: Agricultural Bank of China, Australia and New Zealand Banking Group, Banco Bilbao Vizcaya Argentaria, Bank of America and more

Explore other new reports on Software and Services Market @ http://www.sandlerresearch.org/market-research/information-technology/software-and-services.

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SOURCE Sandler Research