Property Management market 2023-2027; Segmentation by Application, Type and Geography; CAGR accelerating at 2.73% by 2027- Technavio

NEW YORK, June 2, 2023 /PRNewswire/ -- Property Management market is segmented by application (construction and real estate, government, retail, hospitality, and others), type (cloud-based and on-premise), and geography (North America, Europe, APAC, South America, and the Middle East and Africa)

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Regional Market Outlook

In North America, investments in the retail sector are increasing, driving the growth of the regional market. The property management market in North America is largely based in the US and Canada. These two nations have high levels of development and disposable income. Customers in the US and Canada consider a number of amenities before making a final decision on a property, in contrast to the emerging regions of APAC and Eastern Europe. Brooklyn and Queens are the next most popular locations for construction work, after Manhattan.

View the sample report for more key highlights on the regional market share 

Global Market Outlook

Forecasts indicate growth of USD 49.45 billion in market size. Businesses involved in the creation and development of software specifically for the consumer or business markets are included in the global application software market. Additionally to cloud-based software, this also includes business and technical software.

The UK government's estimated budget of around USD 700-750 billion is expected to go to the Housing Infrastructure Fund, which aims to build over 300,000 affordable new homes over the forecast period.

Another factor boosting the expansion of the property management software market in APAC is the region's infrastructure development. Due to the need to accommodate a large number of workers who relocate from their hometowns to developing cities in APAC, there will be a rise in the demand for property management software in the area. During the forecast period, it is anticipated that these factors will fuel the segment's growth.

Latest Drivers and Challenges Impacting the Property Management Market

Property Management Market Drivers

• Adherence to industry and government regulations for property listings: The property manager must have all relevant documents and transaction records to provide proof of all dollars transferred from the escrow account. Asset management software automates the entire documentation process. In addition, various vendors offer region-specific software that incorporates government regulations governing data entry and record keeping. Such software automatically informs the property manager of the steps necessary to close the deal. Therefore, the global property management market is expected to grow during the forecast period as property management complies with industry and government regulations regarding property listings.
• Increasing importance of customer-centric business processes
• Increasing awareness of property management software and its benefits

Property Management Market Challenges

• Changing skill requirements for the adoption of emerging technologies : New technologies are transforming value chains in every industry, including the property management industry. Using advanced technologies such as artificial intelligence, chatbots, and machine learning reduces the time it takes to resolve various issues and helps keep customers informed, thus improving customer satisfaction. This gives customers less expectations and more control. Such technology can also analyze customer behavior patterns, allowing property managers to offer customized solutions.
• Availability of free, open-source software
• Data privacy and concerns regarding cyberattacks

Explore the evolving Vendor Landscape

Some of the property management market vendors are:

• Digital Arbitrage Ltd. - The company offers brand management, portfolio management, real estate management systems, financial market trading, retirement, and credit plans.
• Amadeus IT Group SA - Through this segment, we offer the GDS Platform, an international network that provides real-time search, pricing, booking, ticketing, and other processing solutions to travel traders and travel agents.
• CBRE Group Inc. - The company provides property leasing, property sales, mortgage services, property management, project management, and other services.
• Ciirus Inc. - This division offers vacation rental management solutions for reservation management, listings, website management, marketing, and accounting.

Request a sample today to explore the offerings of vendors and discover how they can benefit your business. - View Sample Report in minutes

Key benefits of the report:

• This study presents the analytical depiction of the Property Management market along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the Property Management market share.
• The current market is quantitatively analyzed to highlight the Property Management market growth scenario.
• The report provides a detailed Property Management market analysis depending on competitive intensity and how the competition will take shape in coming years.

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Table of contents

1 Executive Summary 

1.1 Market overview 

Exhibit 01: Executive Summary – Chart on Market Overview 

Exhibit 02: Executive Summary – Data Table on Market Overview

Exhibit 03: Executive Summary – Chart on Global Market Characteristics 

Exhibit 04: Executive Summary – Chart on Market by Geography 

Exhibit 05: Executive Summary – Chart on Market Segmentation by Application 

Exhibit 06: Executive Summary – Chart on Market Segmentation by Deployment 

Exhibit 07: Executive Summary – Chart on Incremental Growth 

Exhibit 08: Executive Summary – Data Table on Incremental Growth 

Exhibit 09: Executive Summary – Chart on Vendor Market Positioning 

2 Market Landscape

2.1 Market ecosystem

Exhibit 10: Parent market 

Exhibit 11: Market Characteristics 

3 Market Sizing 

3.1 Market definition 

Exhibit 12: Offerings of vendors included in the market definition 

3.2 Market segment analysis 

Exhibit 13: Market segments 

3.3 Market size 2022 

3.4 Market outlook: Forecast for 2022-2027 

Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)

Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion) 

Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)

Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%) 

4 Historic Market Size 

4.1 Global property management market 2017 - 2021 

Exhibit 18: Historic Market Size – Data table on global property management market 2017 - 2021 ($ billion) 

4.2 Application Segment Analysis 2017 - 2021 

Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ billion)

4.3 Deployment Segment Analysis 2017 - 2021 

Exhibit 20: Historic Market Size – Deployment Segment 2017 - 2021 ($ billion) 

4.4 Geography Segment Analysis 2017 - 2021 

Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)

4.5 Country Segment Analysis 2017 - 2021 

Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis 

5.1 Five forces summary 

Exhibit 23: Five forces analysis - Comparison between 2022 and 2027 

5.2 Bargaining power of buyers 

Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027 

5.3 Bargaining power of suppliers 

Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027 

5.4 Threat of new entrants 

Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

5.5 Threat of substitutes 

Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027 

5.6 Threat of rivalry 

Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027 

5.7 Market condition 

Exhibit 29: Chart on Market condition - Five forces 2022 and 2027 

6 Market Segmentation by Application 

6.1 Market segments 

Exhibit 30: Chart on Application - Market share 2022-2027 (%) 

Exhibit 31: Data Table on Application - Market share 2022-2027 (%) 

6.2 Comparison by Application 

Exhibit 32: Chart on Comparison by Application 

Exhibit 33: Data Table on Comparison by Application 

6.3 Construction and real estate - Market size and forecast 2022-2027 

Exhibit 34: Chart on Construction and real estate - Market size and forecast 2022-2027 ($ billion) 

Exhibit 35: Data Table on Construction and real estate - Market size and forecast 2022-2027 ($ billion) 

Exhibit 36: Chart on Construction and real estate - Year-over-year growth 2022-2027 (%)

Exhibit 37: Data Table on Construction and real estate - Year-over-year growth 2022-2027 (%) 

6.4 Government - Market size and forecast 2022-2027 

Exhibit 38: Chart on Government - Market size and forecast 2022-2027 ($ billion) 

Exhibit 39: Data Table on Government - Market size and forecast 2022-2027 ($ billion) 

Exhibit 40: Chart on Government - Year-over-year growth 2022-2027 (%) 

Exhibit 41: Data Table on Government - Year-over-year growth 2022-2027 (%) 

6.5 Retail - Market size and forecast 2022-2027 

Exhibit 42: Chart on Retail - Market size and forecast 2022-2027 ($ billion)

Exhibit 43: Data Table on Retail - Market size and forecast 2022-2027 ($ billion) 

Exhibit 44: Chart on Retail - Year-over-year growth 2022-2027 (%)

Exhibit 45: Data Table on Retail - Year-over-year growth 2022-2027 (%) 

6.6 Hospitality - Market size and forecast 2022-2027 

Exhibit 46: Chart on Hospitality - Market size and forecast 2022-2027 ($ billion)

Exhibit 47: Data Table on Hospitality - Market size and forecast 2022-2027 ($ billion) 

Exhibit 48: Chart on Hospitality - Year-over-year growth 2022-2027 (%) 

Exhibit 49: Data Table on Hospitality - Year-over-year growth 2022-2027 (%)

6.7 Others - Market size and forecast 2022-2027 

Exhibit 50: Chart on Others - Market size and forecast 2022-2027 ($ billion)

Exhibit 51: Data Table on Others - Market size and forecast 2022-2027 ($ billion) 

Exhibit 52: Chart on Others - Year-over-year growth 2022-2027 (%) 

Exhibit 53: Data Table on Others - Year-over-year growth 2022-2027 (%) 

6.8 Market opportunity by Application 

Exhibit 54: Market opportunity by Application ($ billion) 

7 Market Segmentation by Deployment 

7.1 Market segments 

Exhibit 55: Chart on Deployment - Market share 2022-2027 (%) 

Exhibit 56: Data Table on Deployment - Market share 2022-2027 (%) 

7.2 Comparison by Deployment 

Exhibit 57: Chart on Comparison by Deployment 

Exhibit 58: Data Table on Comparison by Deployment 

7.3 Cloud-based - Market size and forecast 2022-2027 

Exhibit 59: Chart on Cloud-based - Market size and forecast 2022-2027 ($ billion)

Exhibit 60: Data Table on Cloud-based - Market size and forecast 2022-2027 ($ billion) 

Exhibit 61: Chart on Cloud-based - Year-over-year growth 2022-2027 (%)

Exhibit 62: Data Table on Cloud-based - Year-over-year growth 2022-2027 (%) 

7.4 On-premise - Market size and forecast 2022-2027 

Exhibit 63: Chart on On-premise - Market size and forecast 2022-2027 ($ billion)

Exhibit 64: Data Table on On-premise - Market size and forecast 2022-2027 ($ billion) 

Exhibit 65: Chart on On-premise - Year-over-year growth 2022-2027 (%) 

Exhibit 66: Data Table on On-premise - Year-over-year growth 2022-2027 (%)

7.5 Market opportunity by Deployment 

Exhibit 67: Market opportunity by Deployment ($ billion) 

8 Customer Landscape 

8.1 Customer landscape overview 

Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria 

9 Geographic Landscape 

9.1 Geographic segmentation 

Exhibit 69: Chart on Market share by geography 2022-2027 (%) 

Exhibit 70: Data Table on Market share by geography 2022-2027 (%) 

9.2 Geographic comparison 

Exhibit 71: Chart on Geographic comparison 

Exhibit 72: Data Table on Geographic comparison 

9.3 North America - Market size and forecast 2022-2027 

Exhibit 73: Chart on North America - Market size and forecast 2022-2027 ($ billion) 

Exhibit 74: Data Table on North America - Market size and forecast 2022-2027 ($ billion)

Exhibit 75: Chart on North America - Year-over-year growth 2022-2027 (%)

Exhibit 76: Data Table on North America - Year-over-year growth 2022-2027 (%) 

9.4 Europe - Market size and forecast 2022-2027 

Exhibit 77: Chart on Europe - Market size and forecast 2022-2027 ($ billion)

Exhibit 78: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)

Exhibit 79: Chart on Europe - Year-over-year growth 2022-2027 (%) 

Exhibit 80: Data Table on Europe - Year-over-year growth 2022-2027 (%)

9.5 APAC - Market size and forecast 2022-2027 

Exhibit 81: Chart on APAC - Market size and forecast 2022-2027 ($ billion)

Exhibit 82: Data Table on APAC - Market size and forecast 2022-2027 ($ billion) 

Exhibit 83: Chart on APAC - Year-over-year growth 2022-2027 (%) 

Exhibit 84: Data Table on APAC - Year-over-year growth 2022-2027 (%) 

9.6 South America - Market size and forecast 2022-2027 

Exhibit 85: Chart on South America - Market size and forecast 2022-2027 ($ billion) 

Exhibit 86: Data Table on South America - Market size and forecast 2022-2027 ($ billion)

Exhibit 87: Chart on South America - Year-over-year growth 2022-2027 (%)

Exhibit 88: Data Table on South America - Year-over-year growth 2022-2027 (%)

9.7 Middle East and Africa - Market size and forecast 2022-2027 

Exhibit 89: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)

Exhibit 90: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)

Exhibit 91: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%) 

Exhibit 92: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

9.8 US - Market size and forecast 2022-2027 

Exhibit 93: Chart on US - Market size and forecast 2022-2027 ($ billion) 

Exhibit 94: Data Table on US - Market size and forecast 2022-2027 ($ billion)

Exhibit 95: Chart on US - Year-over-year growth 2022-2027 (%) 

Exhibit 96: Data Table on US - Year-over-year growth 2022-2027 (%) 

9.9 China - Market size and forecast 2022-2027 

Exhibit 97: Chart on China - Market size and forecast 2022-2027 ($ billion)

Exhibit 98: Data Table on China - Market size and forecast 2022-2027 ($ billion) 

Exhibit 99: Chart on China - Year-over-year growth 2022-2027 (%)

Exhibit 100: Data Table on China - Year-over-year growth 2022-2027 (%)

9.10 UK - Market size and forecast 2022-2027 

Exhibit 101: Chart on UK - Market size and forecast 2022-2027 ($ billion) 

Exhibit 102: Data Table on UK - Market size and forecast 2022-2027 ($ billion) 

Exhibit 103: Chart on UK - Year-over-year growth 2022-2027 (%) 

Exhibit 104: Data Table on UK - Year-over-year growth 2022-2027 (%) 

9.11 Germany - Market size and forecast 2022-2027 

Exhibit 105: Chart on Germany - Market size and forecast 2022-2027 ($ billion) 

Exhibit 106: Data Table on Germany - Market size and forecast 2022-2027 ($ billion) 

Exhibit 107: Chart on Germany - Year-over-year growth 2022-2027 (%) 

Exhibit 108: Data Table on Germany - Year-over-year growth 2022-2027 (%)

9.12 Canada - Market size and forecast 2022-2027 

Exhibit 109: Chart on Canada - Market size and forecast 2022-2027 ($ billion)

Exhibit 110: Data Table on Canada - Market size and forecast 2022-2027 ($ billion) 

Exhibit 111: Chart on Canada - Year-over-year growth 2022-2027 (%) 

Exhibit 112: Data Table on Canada - Year-over-year growth 2022-2027 (%)

9.13 Market opportunity by geography 

Exhibit 113: Market opportunity by geography ($ billion) 

10 Drivers, Challenges, and Trends 

10.1 Market drivers 

10.2 Market challenges 

10.3 Impact of drivers and challenges 

Exhibit 114: Impact of drivers and challenges in 2022 and 2027 

10.4 Market trends 

11 Vendor Landscape 

11.1 Overview

11.2 Vendor landscape 

Exhibit 115: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption 

Exhibit 116: Overview on factors of disruption 

11.4 Industry risks 

Exhibit 117: Impact of key risks on business 

12 Vendor Analysis 

12.1 Vendors covered

Exhibit 118: Vendors covered

12.2 Market positioning of vendors 

Exhibit 119: Matrix on vendor position and classification 

12.3 CBRE Group Inc. 

Exhibit 120: CBRE Group Inc. - Overview 

Exhibit 121: CBRE Group Inc. - Business segments

Exhibit 122: CBRE Group Inc. - Key offerings 

Exhibit 123: CBRE Group Inc. - Segment focus 

12.4 Digital Arbitrage Ltd. 

Exhibit 124: Digital Arbitrage Ltd. - Overview

Exhibit 125: Digital Arbitrage Ltd. - Product / Service 

Exhibit 126: Digital Arbitrage Ltd. - Key offerings 

12.5 Frontdesk Anywhere Inc. 

Exhibit 127: Frontdesk Anywhere Inc. - Overview 

Exhibit 128: Frontdesk Anywhere Inc. - Product / Service 

Exhibit 129: Frontdesk Anywhere Inc. - Key offerings 

12.6 Honeywell International Inc. 

Exhibit 130: Honeywell International Inc. - Overview

Exhibit 131: Honeywell International Inc. - Business segments 

Exhibit 132: Honeywell International Inc. - Key news 

Exhibit 133: Honeywell International Inc. - Key offerings 

Exhibit 134: Honeywell International Inc. - Segment focus 

12.7 Hotelogix India Pvt. Ltd.

Exhibit 135: Hotelogix India Pvt. Ltd. - Overview 

Exhibit 136: Hotelogix India Pvt. Ltd. - Product / Service 

Exhibit 137: Hotelogix India Pvt. Ltd. - Key offerings

12.8 InnKey PMS 

Exhibit 138: InnKey PMS - Overview

Exhibit 139: InnKey PMS - Product / Service

Exhibit 140: InnKey PMS - Key offerings 

12.9 InnQuest Software 

Exhibit 141: InnQuest Software - Overview 

Exhibit 142: InnQuest Software - Product / Service 

Exhibit 143: InnQuest Software - Key offerings 

12.10 International Business Machines Corp. 

Exhibit 144: International Business Machines Corp. - Overview 

Exhibit 145: International Business Machines Corp. - Business segments 

Exhibit 146: International Business Machines Corp. - Key news 

Exhibit 147: International Business Machines Corp. - Key offerings

Exhibit 148: International Business Machines Corp. - Segment focus 

12.11 Koch Industries Inc. 

Exhibit 149: Koch Industries Inc. - Overview

Exhibit 150: Koch Industries Inc. - Product / Service

Exhibit 151: Koch Industries Inc. - Key news

Exhibit 152: Koch Industries Inc. - Key offerings 

12.12 Microsoft Corp.

Exhibit 153: Microsoft Corp. - Overview 

Exhibit 154: Microsoft Corp. - Business segments 

Exhibit 155: Microsoft Corp. - Key news 

Exhibit 156: Microsoft Corp. - Key offerings 

Exhibit 157: Microsoft Corp. - Segment focus 

12.13 Micro Star International Co. Ltd. 

Exhibit 158: Micro Star International Co. Ltd. - Overview 

Exhibit 159: Micro Star International Co. Ltd. - Business segments

Exhibit 160: Micro Star International Co. Ltd. - Key offerings 

Exhibit 161: Micro Star International Co. Ltd. - Segment focus 

12.14 Northwind Commercial Real Estate 

Exhibit 162: Northwind Commercial Real Estate - Overview

Exhibit 163: Northwind Commercial Real Estate - Product / Service 

Exhibit 164: Northwind Commercial Real Estate - Key offerings 

12.15 Oracle Corp. 

Exhibit 165: Oracle Corp. - Overview

Exhibit 166: Oracle Corp. - Business segments 

Exhibit 167: Oracle Corp. - Key news 

Exhibit 168: Oracle Corp. - Key offerings 

Exhibit 169: Oracle Corp. - Segment focus 

12.16 Saaranya Hospitality Technologies Pvt. Ltd. 

Exhibit 170: Saaranya Hospitality Technologies Pvt. Ltd. - Overview 

Exhibit 171: Saaranya Hospitality Technologies Pvt. Ltd. - Product / Service

Exhibit 172: Saaranya Hospitality Technologies Pvt. Ltd. - Key offerings 

12.17 SAP SE

Exhibit 173: SAP SE - Overview 

Exhibit 174: SAP SE - Business segments 

Exhibit 175: SAP SE - Key news 

Exhibit 176: SAP SE - Key offerings 

Exhibit 177: SAP SE - Segment focus 

13 Appendix 

13.1 Scope of the report 

13.2 Inclusions and exclusions checklist 

Exhibit 178: Inclusions checklist 

Exhibit 179: Exclusions checklist 

13.3 Currency conversion rates for US$ 

Exhibit 180: Currency conversion rates for US$ 

13.4 Research methodology 

Exhibit 181: Research methodology 

Exhibit 182: Validation techniques employed for market sizing 

Exhibit 183: Information sources 

13.5 List of abbreviations 

Exhibit 184: List of abbreviations 

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