According to the report published by Allied Market Research, the global property management software market generated $3 billion in 2021, and is estimated to reach $4.7 billion by 2031, witnessing a CAGR of 4.9% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chains, regional landscape, and competitive scenario. The report is a helpful source of information for leading market players, new entrants, investors, and stakeholders in devising strategies for the future and taking steps to strengthen their position in the market.
The report describes the global property management software market based on solution, deployment model, property type, and region. The report analyzes each segment and sub-segment with the help of tables and figures. This analysis helps market players, investors, and new entrants in determining the sub-segments to be tapped on to achieve growth in the coming years.
Based on solution, the marketing and advertising segment held the largest share in 2021, accounting for more than one-fourth of the global property management software market and would dominate through 2031. The accounting and cash flow management software segment, on the other hand is estimated to witness the fastest CAGR of 7.3% during the forecast period. The report also discusses the rental and tenant management, property sale and purchase solution, legal and insurance consultancy, and others segments.
Based on the deployment model, the cloud-based segment held the largest share in 2021, capturing three-fourths of the global property management software market, and would lead the trail through 2031. The same segment is estimated to witness the fastest CAGR of 5.4% during the forecast period. The report also discusses the on premises segment.
Regarding property type, the commercial segment captured the largest market share of one-third in 2021 and is likely to maintain its leadership in revenue during the forecast period. Conversely, the residential segment is likely to achieve the fastest CAGR of 5.6% through 2031. The report also studies the industrial and special purpose segments.
Based on region, the market in North America was the largest in 2021, accounting for nearly two-fifths of the global property management software market share, and is likely to maintain its leadership status during the forecast period. However, the market in the Asia-Pacific region is expected to manifest the highest CAGR of 6.0% from 2022 to 2031. The other regions analyzed in the study include Europe and LAMEA.
Click here to read the sample report from Allied Research.