Property management software, also known as a property management system, is a branch of enterprise management software aimed at the property industry. This kind of software provides comprehensive and refined solutions for property management by applying technologies such as artificial intelligence and big data, thereby improving management efficiency and service quality.
Overview of Market Development
With the acceleration of urbanization and the rapid development of technology, the demand for property management is constantly expanding, and intelligent and efficient property management software is gradually becoming a hot topic in the market. This has promoted the flourishing development of the global property management software market.
According to our research data, the global property management software market revenue is estimated to reach $3895 million in 2024, an increase of 8.82% compared to 2023. In the future, with the continuous maturity and application of technologies such as the Internet of Things and cloud computing, the functionality and performance of property management software will also be further improved, which will promote further market expansion. It is expected that the global property management software market revenue will increase to $5319 million by 2029.
Analysis of Market Competitive Landscape
From the perspective of market competition, the concentration of the global property management software market is moderate. The data shows that the total revenue of the property management software market for the top 3 enterprises is estimated to be $1784 million in 2024, with an estimated total revenue share of 45.08%. The top three companies are Yardi, AppFolio, and RealPage, and their estimated revenue share in the global property management software market in 2024 is 17.98%, 17.07%, and 10.75%, respectively.
Global Property Management Software Market Revenue and Competitive Landscape Forecast
Source: www.globalmarketmonitor.com
Segmented Market Analysis
From the perspective of product types, property management software can be divided into two categories based on the required server types: on-premise property management software and cloud-based property management software. Among them, cloud-based property management software dominates the market. According to the data, the global revenue of the cloud-based property management software segment is expected to reach $2601 million in 2024, with an estimated market share of 66.78%.
From a regional perspective, the global property management software market is mainly concentrated in North America, Europe, and the Asia Pacific region. Among them, North America is the largest revenue market. According to our data, the estimated revenue of the North American property management software market in 2024 is $1418 billion, with an estimated market share of 36.41%.
Global Property Management Software Market Revenue and Share by Type and
Region Forecast in 2024
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Market Revenue (Million USD)
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Share
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Segmented by Type
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On-Premise Software
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1294
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33.22%
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Cloud-Based Software
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2601
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66.78%
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Segmented by Region
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North America
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1418
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36.41%
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Europe
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1194
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30.65%
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Asia Pacifica
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1083
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27.79%
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South America
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95
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2.44%
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Middle East & Africa
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106
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2.71%
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Source:
www.globalmarketmonitor.com
For more industry information, please refer to our latest released "2023 Global Property Management Software Market Analysis Report, Key Competitors, Market Effect Factors, Growth, And Forecast".
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