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Property Management Market was around US$ 13.2 Bn in 2017 and is expected to grow at a CAGR of around 7.16% in the forecast period of 2018-2026.The process of managing property is one that is available for lease by maintaining as well as handling everyday activities centered on the piece of real estate. Property management may also involve seeking out tenants for occupying the space, collecting monthly rental payment, maintaining the property, along with the upkeep of the grounds.
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Rent collection is one of the largest responsibilities that has boosted the property management market. Keeping track of rent payments along with maintaining a track on the missed payments is crucial for the income flow from owned rental property. Routine inspections of a rental property further help to ensure that there are specific damage or activities that might violate the lease agreement. Advertising vacancies, rent collection and evictions, repairs and upgrades assistance, along with establishing and monitoring monthly rent price are some of the drivers for the property management market. Sometimes it is the budget constraints for the adoption of technological solutions that might restrain the growth of the property management market.
The solutions segment are instrumental in offering reliable, cost-efficient, time-saving, and scalable property management features for end-users and enterprises. The overall services segment is further expected to play a vital role in the market growth of property management and has its usage across deployment and integration; consulting, and support & maintenance among others.
The property management market is segmented by component, end-user, application, and region. The end-users segment in the property management market includes property managers and housing associations. The property managers segment is expected to hold a larger market size, because of an increasing number of real estate and commercial property developments. In addition to this, it is the availability of simple and comprehensive property management software solutions in the property management market that has encouraged property managers to adopt them.
North America is estimated to hold the largest market size in 2018. APAC is projected to grow at the highest rate in the global property management market because of advanced and dynamic adoption of new technologies in real estate projects.
Key Players operating in the Property Management Market:
IBM
Hitachi Vantara
JLL
Oracle
SAP
Trimble
RealPage
AppFolio
Yardi
MCS Solutions
ARCHIBUS
FSI
Planon
Accruent
Entrata
iOFFICE
Indus Systems
Hemlane
OfficeSpace
CIC
Buildium
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Property Management Market scope:-
Property Management Market, By Component
Solutions
Services
Professional
Managed
Property Management Market, By End-user
Property Managers
Housing Associates
Property Management Market, By Application
Commercial
Residential
Property Management Market, By Geography
North America
Europe
Asia-Pacific
Middle East & Africa
Latin America
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Table of Content:
1. Preface
2. Assumptions and Research Methodology
3. Executive Summary: Global Property Management Market Size, by Market Value (US$ Bn)
4. Market Overview
5. Supply Side and Demand Side Indicators
6. Global Property Management Market Analysis and Forecast
7. Global Property Management Market Analysis and Forecast, by Component
8. Global Property Management Market Analysis and Forecast, by End user
9. Global Property Management Market Analysis and Forecast, by Application
10. Global Property Management Market Analysis, by Region
11. North America Property Management Market Analysis
12. Europe Property Management Market Analysis
13. Asia Pacific Property Management Market Analysis
14. Middle East & Africa Property Management Market Analysis
15. South America Property Management Market Analysis
16. Company Profiles
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