According to the latest report by IMARC Group, titled "Property Management Software Market Report by Component (Software, Services), Application (Non-Residential, Residential), and Region 2025-2033," the global property management software market reached a value of USD 2.7 Billion in 2024. Property management software (PMS) refers to a management system software that is widely used by property managers to automate several functions related to personal properties and equipment. These services include the management of maintenance, legalities and personnel by automating financial, back-office and administrative operations. These application-based solutions assist in reducing the manual labor involved in storing and sharing documents online while collecting rents, tracking tenants, and scheduling maintenance and repair activities. They also process a large amount of property management-related data that further helps in financial reporting, integrated banking, and generating electronic agreements. As a result, they are extensively utilized across the residential and commercial segments for simplifying and automating regular tasks in an efficient manner.
Global Property Management Software Market Trends:
The global market is primarily driven by considerable growth in the real estate sector. The deployment of PMS solutions assists property managers in allocating work assignments in an efficient manner with minimum human errors. Their use also reduces the overall time taken in responding to complaints of tenants or owners. Since these solutions provide a simple, hassle-free and user-friendly platform to the masses, this is providing an impetus to the market growth. The market is further driven by the rising need for web-based services, such as Software as a Service (SaaS), by PMS providers. These solutions offer a centralized platform to the users that displays properties and property-related operations in a comprehensive manner, thereby creating a positive outlook for the market. Moreover, the growing integration of PMS with artificial intelligence (AI), virtual reality (VR), machine learning (ML), and cloud-computing solutions is also acting as a major growth-inducing factor. Looking forward, the market value is projected to reach USD 4.0 Billion by 2033, expanding at a CAGR of 4.5% during 2025-2033.
Market Summary:
- On the basis of the component, the market has been bifurcated into software (on-premises and cloud-based) and services (system integration, training and support, and consulting).
- Based on the application, the market has been divided into non-residential (retail spaces, office spaces, hotels, and others) and residential (multi-family housing, single-family housing, and others).
- On the geographical front, the market has been segregated into North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Latin America (Brazil, Mexico and others), and Middle East and Africa.
- The competitive landscape of the market has been studied in the report with the detailed profiles of the key players. Some of these players include Accruent LLC (Fortive Corporation), Appfolio Inc., Chetu Inc., Console Australia Pty Ltd, Corelogic Inc., London Computer Systems Inc., MRI Software LLC, Oracle Corporation, Realpage Inc., Resman LLC, and Yardi Systems Inc.
Report Coverage:
Report Features |
Details |
Base Year of the Analysis |
2024 |
Historical Period |
2019-2024 |
Forecast Period |
2025-2033 |
Units |
Billion USD |
Segment Coverage |
Component, Application, Region |
Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
Companies Covered |
Accruent LLC (Fortive Corporation), Appfolio Inc., Chetu Inc., Console Australia Pty Ltd, Corelogic Inc., London Computer Systems Inc., MRI Software LLC, Oracle Corporation, Realpage Inc., Resman LLC and Yardi Systems Inc. |
Customization Scope |
10% Free Customization |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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