What is Real Estate Portfolio Management Software Market?
Real estate portfolio management software helps the owners and professionals to track leases, residents, and maintenance tasks. It also helps to collect rent and manage finances to reduce costs and streamline operations. The software automates the back office, financial and operational tools for real estate property managers. It supports different residential and commercial property types and can scale up or down, depending on property portfolio size. Moreover, it connects the property managers and tenants as it uses the same technology in customer relationship management.
The market study is being classified, by Application (SMEs and Large Enterprises) and major geographies with country level break-up.
Oracle (United States), Brokermint (United States), CoStar (United States), Altus Group (Canada), MRI Software (United States), Apto (United States), REthink (United States), Yardi (United States), Ascendix Technologies (United States) and CommissionTrac (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are ClientLook, Realhound, Accruent and Argus Financial Software.
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Real Estate Portfolio Management Software market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Real Estate Portfolio Management Software market by Type, Application and Region.
On the basis of geography, the market of Real Estate Portfolio Management Software 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.
- Increasing Prominence of Property Managers and Owners on Scalability
- Increase in Infrastructure Development
- Growing Urbanisation in Developing Economies
- High Costs Associated with the Software Installation
- Wide Range of Applications Such as Online Document Storage, Financial Reporting and Others
- Risks Associated with Cyber Security
- Lack of Awareness About the Real Estate Portfolio Management Software
Market Leaders and some development strategies
In May 2019, MRI software has acquired Engage Property Technology which is a leading UK-based provider of self-service online portals used by property organizations of all sizes. This acquisition will strengthen MRI's end-to-end offering for the residential sector.
In April 2020, MRI Software, which is a global leader in real estate software solutions, has announced the launch of key new and updated features for its residential, commercial, and financial solutions. This will better equip its clients to navigate the emerging challenges of the COVID-19 crisis.
Key Target AudienceReal Estate Portfolio Management Software Providers, Government Associations, Research Organizations, Software Vendors and Others
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