Industry Analysis and Progression: Property Management Market size was valued at USD 23.85 Billion in 2023 and the total Property Management Market revenue is expected to grow at a CAGR of 7.33% from 2024 to 2030, reaching nearly USD 39.12 Billion.
Property Management Market Report Overview:
The report provides an analysis of both the current and future conditions in the Property Management Market, delivering valuable insights and the latest information across essential segments. Within the context of the Property Management market, the study covers crucial research areas like revenue generation, sales, and overall income. In order to offer a thorough evaluation, the report presents two distinct scenarios that encompass the entire range of the Property Management market, including the projected Property Management sales during the forecast period.
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Property Management Market Report Scope and Research Methodology:
The primary goal of the Property Management market report is to offer a comprehensive analysis using clear and straightforward language. The study encompasses all the prominent companies and key aspects within the Property Management market, evaluating various measures like volume, share, growth, and strategies. This research not only assists established businesses in refining their operational plans but also provides future entrants with strategic recommendations. MMR's research undertakes a thorough exploration of the Property Management market, highlighting the foremost global companies based on metrics such as volume, share, strategies, and growth. The report further supplies strategies applicable to both existing industry participants and prospective Property Management market entrants. Moreover, the global report for the Property Management market presents a meticulous breakdown of regional share distribution, accompanied by an examination of growth drivers in those specific regions.
Property Management Market Segmentation:
by Component
Solution
Facility Management
Lease accounting and real estate management
Asset maintenance management
Workspace and Relocation management
Reservation management
Project Management
Security and Surveillance Management
CRM Software
Other Solutions
Service
Professional Services
Managed Services
The property management market can be divided into two components: solutions and services. In 2023, the solution category dominated the property management market, accounting for almost 72%. This is due to the system's capacity to enable property managers and experts to carry out property-related tasks efficiently and cost-effectively. Historically, property owners and landlords had to hire external real estate agents to manage their properties, incurring both time and money costs.
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Property Management Market Key Players:
1. IBM - (United States)
2. Hitachi Vantara - (United States)
3. JLL (Jones Lang LaSalle) - (United States)
4. Oracle - (United States)
5. Trimble- (United States)
6. RealPage - (United States)
7. AppFolio - (United States)
8. Yardi - (United States)
9. ARCHIBUS - (United States)
10. Planon - (Netherlands)
11. Accruent - (United States)
12. Entrata - (United States)
13. iOFFICE - (United States)
14. Indus Systems - (United States)
15. Total Management - (United States)
16. Rentec Direct - (United States)
17. PMX Dynamics - (United States)
18. Hemlane - (United States)
19. OfficeSpace - (United States)
20. Archidata - (Canada)
21. Buildium - (United States)
Property Management Market Regional Insights:
The North America region dominated the property management market with highest share in 2023. The North America region is expected to witness significant growth at a CAGR of 8.11% through the forecast period. Active vendors should expect the most growth prospects in North America during the projection period. Property managers and owners are anticipated to use property management software more frequently, which will lead to a high demand for system integration services including design, development, and deployment.
Key Offerings:
- Past Market Size and Competitive Landscape (2023-2029)
- Past Pricing and price curve by region (2023-2029)
- Market Size, Share, Size Forecast by different segment | 2024-2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segments and their sub-segments
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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