What is Property Management System Market?
Property Management System (PMS) is software that facilitates a management and administrative tasks relating to the End users’ requirements. Its key functions include reservations, front-desk operations, channel management, housekeeping, rate and occupancy management, and payment processing. In general, PMS facilitates the main processes in Property related internal and external operations.
The market study is being classified, by Application (Commercial and Residential) and major geographies with country level break-up.
AppFolio Inc. (United States), Archibus Inc. (United States), CoreLogic (United States), Entrata Inc. (United States), iOFFICE Inc. (United States), ManageCasa (United States), Yardi Systems (United States), RealPage (United States), MRI Software (United States) and IQware Inc. (Canada) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are InnQuest Software Corporation (United States), Accruent (United States), Syswin Solutions (Romania), Buildium (United States) and Console Group (United States).
Property management system market is observed by high degree of competition, well established players have an edge over the new entrants in terms of customer base & better serviceability for their system. Player concentration is majority in North America, particularly in the United States. Currently key players are in the industry are looking to enhance their existing range of product at the same time deliver technologically advanced systems for changing consumer taste & preferences across core areas including management. Significant merger & acquisitions have happened in the recent years thus indicating towards the growth potential of the property management system market. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Property Management System market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Property Management System market by Type, Application and Region.
On the basis of geography, the market of Property Management System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Software coverage across different Industry Verticals.
- Different tasks relating to user specific requirements can be executed through single software.
- Time Efficiency can be achieved along with remote accessibility.
- Increasing involvement of technology in Traditional Sectors such as Real-Estate & Hoteling.
- More students are enrolling for Hotel Management.
- More people want to Travel across the globe as a part of their Life Goals.
- Technical Glitches and Errors in the Software.
- Lack of Basic training to Transition from traditional practise to a Software.
- Training Costs associated to the Software.
- Huge growth potential in Real Estate & Hoteling sector derived from growth in tourism.
- Digitization Initiatives create a Push Factor for Users to shift to a Software.
- To Provide a User friendly & Easy-to-Use Software.
- Add to the Personalization Factor.
Market Leaders and some development strategies
On 28th April, 2020 – MRI Software Launched New Features to Help Real Estate Companies Meet Challenges of COVID-19 Crisis. and On 29th July, 2020 - MRI Software Launched Residential and Commercial Solutions for APAC along with Record Ascend for Users Conference.
Key Target AudienceNew Entrants & Investors, Research and educational institutions, Software Service Providers, End Use Industries, Analysts and Strategic Business Planners, Venture Capitalists and Government bodies
Customization in the Report Available:The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase