Property Management Software Market – Growth, Size, Share, Forecast, industry Analysis 2019 – 2027

Property Management Software Market Is Driven By Increasing Development Of Infrastructure Across The Globe

According to a new market research report published by Credence Research “Global Property Management Software Market (Component (Software/Solution, Services);  Deployment (On-Premise, Cloud);  Application (Commercial, Residential); End-User (Housing Associations, Property Managers)) – Growth, Future Prospects and Competitive Analysis, 2019 – 2027”, the overall property management software market worldwide has registered a value of US$ 13.20  Bn in 2018 and is set to grow with a CAGR of 5.8 % during the forecast period.

Browse Full Report Originally Published by Credence Research @ https://www.credenceresearch.com/report/property-management-software-market

Market Insights

The global market for property management software (PMS) is driven by increasing global urbanization and digitalisation. The development of technology has increased the development of new property management software that is used to track maintenance, repair and other property-related information. In addition, the PMS is also driven by an increase in disposable income among individuals and an increase in the number of investors worldwide.

In June 2018, Yardi became a member of the Liberty Property Company. With this agreement, Yardi will deliver its Voyager technology to Liberty Property Trust in order to offer various solutions to different functions, such as ordering, invoice processing and vendor management. Similarly, in July 2018, Trimble acquired Viewpoint, which offers a market-leading, scalable construction management software company based in the US that integrates the financial and resource management processes of contractors. The transaction is intended to improve the process of managing the company’s assets.

You can get the sample copy of this research by Credence Research here @ https://www.credenceresearch.com/sample-request/60017

Depending on the usage, the demand for property management technology was segmented as commercial and residential. The commercial group has the largest market share of more than 55% in 2018. The segment is powered globally by increasing demand for the workplace. Several companies and government agencies are investing in properties to develop their offices. In addition, the purchase and sale of various commercial properties among hotels, government, construction & real estate, retail shops and others is also expected to drive the segment globally. It code contains all information about the property and any conflicts that may occur about it.

Asia-Pacific is projected to be the fastest-growing area due to increased investment in infrastructure growth by individuals, the government, the private charity trust, and others. Growth in globalization and urbanization in the country is expected to drive the demand in the region. In addition, the rising fraud associated with properties and apartments is expected to drive the demand in the area. China is the largest market share in the Asia-Pacific region due to the growing population and the ongoing growth of infrastructure.

You can get the sample copy of this research by Credence Research here @ https://www.credenceresearch.com/sample-request/60017

Some of the prominent players operating in the Property Management Software market include JLL Incorporated, IBM Corporation, Oracle Corporation, Trimble Inc., SAP SE, RealPage Inc., Yardi Systems Inc., Console Australia,  AppFolio Inc., MCS Solutions LLC, FSI Inc., ARCHIBUS Inc., Planon Corporation, Entrata Inc., Accruent LLC, London Computer Systems, and iOFFICE Inc.