What is Landlord and Renter Platform Market?
The global landlord & rental software market is expected to grow at a slow pace during the forecast period, according to the AMA study. Increasing demand for automated management in real estate & rental operations and rising adoption of cloud-based landlord & rental solutions in the real estate industry are expected to be some of the major factors aiding into the growth for the market. However, the market is expected to witness a decline in the growth during FY 2020 but it is again expected to rise with a healthy pace after the COVID-19 pandemic is over.
The market study is being classified by Type (On Premise and Cloud Based), by Application (Tenant Management, Property Management, Direct Debit Collection, Full Acounting, Bank Reconciliation, Tax Management, Comprehensive Reports, Legal Documents, Email Alerts, Tenant Module, Mortgage Compliance and Others) and major geographies with country level break-up.
Landlord Vision Ltd (United Kingdom), Tactile Limited (United Kingdom), Kaptur (United Kingdom), Ziroom (China), Mofang Gongyu (China), Qingke (China), Boachsoft (Ghana) and Renting Well (United States) are some of the key players profiled in the study.
The vendors in this market are majorly focusing on developing innovative products and solutions in order to cater to the market's demands to remain competitive in the global market. According to the recent global industry crisis due to outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries have been shut down for an ambiguous period of time. Research Analyst at AMA predicts that United Kingdom Players will contribute to the maximum growth of Global Landlord and Renter Platform market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Landlord and Renter Platform market by Type, Application and Region.
On the basis of geography, the market of Landlord and Renter Platform 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.
- Rising Demand for Automated Management in Real Estate & Rental Operations
- The Rising Adoption of Cloud-based Landlord & Rental Solutions
- Implementation of Artificial Intelligence (AI) in Landlord & Rental Solutions
- The Outbreak of COVID-19 has led the Home & Commercial Rental/Lending Industry to a Downfall as the Consumers are not Able to Bear the Rental Fares as of Now
- Opportunities in the Asia Pacific Region
- Short-term Challenges due to Reduced Operations Across Different Industries & Economic Crisis caused by COVID-19 Pandemic Across the World
- Availability of Open Source Platforms
Stringent Government Regulations Regarding Lock-Down of Cities & Shutting Down of Operations Across Different Industries Across the World Due to the COVID-19 Pandemic is Impacting the Demand for Landlord Rental Solutions
Analyst CommentSince the COVID-19 virus outbreak in December 2019, the disease has spread to more than 200 countries across the world along with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the landlord & rental software market in 2020. The outbreak of COVID-19 has brought effects on many aspects, like scheduled public transportation cancellations; downfall in the real estate sector; travel bans and quarantines; closed operations across hotels & restaurants; banning of public gatherings & events; large slow-down in the supply chain of different markets; stock market unpredictability; declining business assurance, and uncertainty in the future market dynamics.
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