What is Real Estate Management Solution?
Real Estate Management Solution enable the firms to automate their tasks such as lease accounting, asset maintenance management, relocation management and others related to their property. The real estate management solutions act as a bridge between the tenants and the property owners with providing them real time information along with analytics. The growth of real estate market fuelled by rapid urbanisation and increasing construction activities as well as rising digitisation in business has led to increase in demand for real estate management solutions. Although recent pandemic has led to certain setbacks for real estate market which may limit the growth potential for real estate management solutions market in the short term. North America is currently the largest market of real estate management solution.
The market study is broken down, by Application (Lease Accounting and Real Estate Management, Asset Maintenance Management, Workspace and Relocation Management and Reservation Management) and major geographies with country level break-up.
Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Hitachi Vantara (United States), IBM Corporation (United States), SAP SE (Germany), Oracle Corporation (United States), MCS Solutions (Belgium), RealPage (United States), Indus Systems (United States), Rentec Direct (United States), Property Boulevard (United States) and Wipro Ltd. (India) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Archidata (Canada), iOFFICE (United States) and Planon (Netherlands).
AdvanceMarketAnalytics has segmented the market of Global Real Estate Management Solution market by Type, Application and Region.
On the basis of geography, the market of Real Estate Management Solution 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). If we see Market by End Use, the sub-segment i.e. Property managers will boost the Real Estate Management Solution market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Service, the sub-segment i.e. Deployment and Integration will boost the Real Estate Management Solution market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment , the sub-segment i.e. Cloud will boost the Real Estate Management Solution market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In 2020, Nakisa, a leading enterprise business solutions and lease administration solution developer has announced acquisition of IMNAT Software, which is a Canada based developer of cloud technology enabled real estate management solutions. Nasika will look to integrate IMNAT’s solutions with its lease administration solutions to provide global corporate real estate management solutions.
In 2020, Wipro Ltd., India based multinational IT company has announced launch of its new tenant acquisition management solution, which the company states will act as a extension to the German Giant SAP SE’s SAP Customer Experience’ and SAP S/4HANA software. This will help Wipro tap the large scale potential of end to end business processes solutions in real estate.
- SaaS based Solutions are increasing in Popularity
- Rapid Urbanisation has led to Surge in Construction and Building Activities
- Digitisation of Various Businesses
- Integration of Risk Management Software with the Real Estate Management Solution
- Negative Growth in Real Estate Market due to Recent Pandemic
- Glitches or Irregularities in Software
Key Target AudienceReal Estate Management Solution Developers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Analysts and Strategic Business Planners, Government Regulatory and Research Organizations and End-Use Industries
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
Frequently Asked Questions (FAQ):
1. What all players are profiled in the study?
The standard version of the report profiles players such as Hitachi Vantara (United States), IBM Corporation (United States), SAP SE (Germany), Oracle Corporation (United States), MCS Solutions (Belgium), RealPage (United States), Indus Systems (United States), Rentec Direct (United States), Property Boulevard (United States) and Wipro Ltd. (India) etc.
2. Can we have customized study for Real Estate Management Solution Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. What would be the Market Size of Real Estate Management Solution Market by 2026?
Analysts at AMA estimates Real Estate Management Solution Market to reach USD Million by 2026.