Dallas, Texas, April 18, 2019 (GLOBE NEWSWIRE) — A large number of working-class people migrating to Tier 1 cities is the key factor propelling demand for the global property management software market.
The global property management software market is expected to reach $12.89 billion by 2025. Growing urban population, need for paperless and centralized real estate solutions, and growing technological innovation are just some of the factors that have led to the increase in opportunities for real estate players.
The Property Management Software market market research report assesses the industry growth and scenario for the period from 2013 to 2025. The report highlights historical trends from 2013 to 2018 and forecasts for the market from 2019 to 2025. The report studies the current global market. tendencies. The global property management software market is segmented on the basis of product, application, and region.
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The report also includes numerous aspects of the Property Management Software market by assessing the market using risks, challenges, and opportunities. The report includes many qualitative aspects of the Property Management Software industry in market drivers, restraints, and key industry trends. In addition, the study provides an in-depth assessment of the company profiles of the global real estate software provider industry.
On the basis of product, the global property management software is segmented into ERP, PMS, CRM and others. CRM accounted for USD 2.69 billion in the global real estate software market in 2017 and is expected to grow at a CAGR of 5.0% during the forecast year. CRM software helps with lead management, contract and deal management, follow-ups, and customer data management. The functionality of CRM software is the key factor in the rapid adoption of CRM in end-user industries.
The Global Property Management Software Market 2017 size by type (delivery, takeout), by application (non-family, family), by region (US, Canada, Mexico, Brazil, Rest of America, Germany, UK, Italy, France, Spain, Rest of Europe, China, India, Japan, South Korea, Australia, Southeast Asia and Rest of APAC, Egypt, GCC Countries, Israel, Turkey, South Africa and Rest of MEA ) and the study of forecasts 2018 to 2025″ provides a detailed view of the historical, present and forecast estimates of the market.
On the basis of end-user/application, the market is segmented into small, medium, and large enterprises. Large companies use facilities management, real estate analysis software, and space and building management. Additionally, the need for customization of advanced software solutions is driving large enterprises to adopt real estate software, which is driving the growth of the large enterprise real estate software market. The large enterprise sub-segment is expected to grow at a CAGR of 2.6% during the forecast year.
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The major players operating in the global property management software market are Accruent, MRI Software, Yardi Systems, AMSI Property Management, CoStar Realty Information Inc., Propertybase, RealPage, Argus Financial Software, Microsoft Corporation, Trimble Inc., CDK Global LLC, Bentley Systems Inc., Oracle Corp, SAP America, Inc., IFCA MSC Berhad, Kingdee International Software Group Company Limited, Yonyou Network Co., Ltd., LanTrax Inc. and others.
Acquisition is a key strategy widely adopted by major players in the real estate software market. This strategy helps key players gain a competitive advantage. Large companies have acquired smaller companies to offer a more personalized and streamlined solution to their end users. Acquisitions also help diversify the product portfolio, strengthen market position by increasing its market share. For example, in February 2018, Oracle Corp acquired a construction management platform company named Aconex Limited to bolster Oracle Corp’s cloud-based construction software. Likewise, other strategies such as mergers, agreements, partnerships, and collaborations are adopted by companies to enhance their market presence, minimize monetary risks, and launch new and other solutions.
Main points of the table of contents:
Chapter 1 Industry Overview
Chapter 2 Global Real Estate Software Competition Analysis by Players
Chapter 3 Company Profiles (Top Players) and Key Data
Chapter 4 Global Real Estate Software Market Size by Product and Application (2013-2018)
Chapter 5 North America Real Estate Software Development Status and Prospect
Chapter 6 EU Real Estate Software Development Status and Prospects
Chapter 7 APAC Real Estate Software Development Status and Prospect
Chapter 8 Market Forecast by Regions, Product and Application (2018-2025)
Chapter 9 Real Estate Software Market Dynamics
Chapter 10 Market Effect Factors Analysis
Chapter 11 Research Finding/Conclusion
Chapter 12 Appendix
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