Property Management Market Worth $22.04 Billion by 2023
PUNE, India, August 6, 2018 /PRNewswire/ --
According to a new research report 'Property Management Market by Component (Solutions and Services), Solution (Lease Accounting & Real Estate Management, Asset Maintenance Management & Reservation Management), Service, Deployment, End-User, Application, and Region - Global Forecast to 2023', published by MarketsandMarkets™, the global market size is expected to grow from USD 14.47 billion in 2018 to USD 22.04 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 8.8% during the forecast period.
(Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg )
Browse 68 market data tables with 46 figures spread through 145 pages and an in-depth TOC on 'Property Management Market'
https://www.marketsandmarkets.com/Market-Reports/property-management-market-36579732.html
Early buyers will receive 10% customization on this report.
The major driving factors of the Property Management Market include an increasing demand for SaaS model and upsurge in real estate and smart building projects.
Reservation management solution to grow at the highest CAGR during the forecast period
The reservation management solution helps in the fast activation and management of property and facility spaces. The solution enables enterprises to optimize their resources in real time across the entire property and facility portfolio. It helps in booking and managing vacation properties, hotel rooms, and conference rooms and halls. The solution provides a uniform platform for booking meeting spaces, equipment, and related services. It also enables employees to check the availability of rooms in real time for avoiding conflicts in meeting room bookings. Enterprises leverage the benefits of this solution to centrally manage and optimize the booking of meeting rooms and related services in real time across sites and buildings, countries, and regions.
Ask for PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=36579732
Commercial application segment to hold a larger market size during the forecast period
The commercial segment covers real estate buildings, retail properties, hotels, educational institutes, industrial enterprises, and government buildings. It is expected to hold the largest market size during the forecast period. Commercial properties need to manage many departments, such as maintenance, human resources, accounting and payroll, and business operations. For managing these departments and their business operations, property managers adopt on-premises property management software solutions.
North America to hold the largest market size during the forecast period
North America is projected to hold the largest market size and continue to dominate the global Property Management Market during the forecast period. Commercial and residential real estate property managers in North America are rapidly adopting property management software solutions by leveraging the automation and management solutions. The existing developed infrastructure and the increasing commercial and residential real estate demands in the region have boosted the adoption for property management solutions in North America. The growth in rental demands has resulted in the strong demand for property management solutions and services. Moreover, consistent technological innovations in this region enable software providers to develop comprehensive property management software solutions.
Major players in the Property Management Market include IBM (US), Hitachi Vantara (US), JLL (US), Oracle (US), SAP (Germany), Trimble (US), RealPage (US), AppFolio (US), Yardi (US), MCS Solutions (Belgium), and ARCHIBUS (US). The other players include FSI (UK), Planon (Netherlands), Accruent (US), Entrata (US), iOFFICE (US), Indus Systems (US), Total Management (US), Rentec Direct (US), PMX Dynamics (Canada), Hemlane (US), Property Boulevard (US), OfficeSpace (US), CIC (US), Archidata (Canada), and Buildium (US).
Know more about Property Management Market
https://www.marketsandmarkets.com/Market-Reports/property-management-market-36579732.html
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the 'Growth Engagement Model - GEM'. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write 'Attack, avoid and defend' strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, 'Knowledge Store' connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Research Insight @ https://www.marketsandmarkets.com/ResearchInsight/property-management-market.asp
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
SOURCE MarketsandMarkets
Share this article