Global Property Management Software Market to grow at a CAGR of 6.77% during the period 2016 - 2020; Finds New Report

Report forecast the global property management software market to grow at a CAGR of 6.77% during the period 2016-2020.

A property management software enables end-users to perform core real estate operations in a more efficient manner. The software, which has various applications in the real estate industry, primarily helps enterprises and brokers to manage the sales or purchases of properties. Using this software, property or real estate firms can perform various tasks such as property portfolio management, lease administration, cost administration, invoicing, and portfolio forecasting. Another application of the software is capital project management, which includes capital budgeting, project management, condition assessment, and commissioning. It is also used for asset management, risk management, and workplace services.

Web-based property management software are also available in the market. They provide the facility to combine functions such as project costing and management, land acquisition, customer monitoring, sales and collection, financial accounting, payroll, and HR, and management information system and security modeling.

The report covers the present scenario and the growth prospects of the global property management software market for the period 2016-2020. To calculate the market size, the report considers revenue generated from software licensing.

Software licenses are classified into the following categories:

• Term license
• Subscription license
• Perpetual license:

The market is divided into the following segments based on geography:

• Americas
• APAC
• EMEA

According to the report, the software's ability to provide easy access to property management data is one of the major drivers of the market. Real estate enterprises handle a large amount of data and they need software to automatically track the information stored in their IT systems. They also require software solutions to manage online sales and purchases of properties to improve their overall operational efficiency. Enterprises also use software for facility management.

Further, the report states that Real estate enterprises are very skeptical about sharing their confidential data as most of the data deal with financial planning, budgeting, and contract management. Most vendors in the market provide software as a service (SaaS)/web-based solutions. The risk of information leakage is present in a SaaS-based model, resulting in unauthorized access and misuse of data.

Global Property Management Software Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the Global Property Management Software Market: AppFolio, Buildium, London Computer Systems, MRI Software, RealPage, and Yardi Systems.

Other Prominent Vendors in the market are: Accruent, ARGUS Software, Genkan, PROMAS, Property Boulevard, Rentec Direct, RentPost, Realty Information Systems, Rosmiman Software Corporation, Skyline Property Management, Total Management, TOPS Software.

Market driver

• Easy access to property data
• For a full, detailed list, view our report

Market challenge

• Concerns over data security and privacy
• For a full, detailed list, view our report

Market trend

• Growing demand for property management software in corporations
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 55 pages and 30 Exhibit “Global Property Management Software Market 2016 - 2020” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by end-user, Market segmentation by deployment model, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Five forces model, Vendor landscape, Vendor analysis, Appendix.

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