Global Property Management Software Market 2018-2022
About Property Management Software
Property management software is a solution that helps real estate professionals and property managers keep track of functions such as the marketing and sale of properties, tracking rent payments, advertising rental payments, finding new tenants, collecting rent payments, and property maintenance.
Technavio’s analysts forecast the Global Property Management Software Market to grow at a CAGR of 4.77% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global property management software market. To calculate the market size, the report considers the revenue generated from the adoption of property management software.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Property Management Software Market 2018-2022
Technavio recognizes the following companies as the key players in the global property management software market: AppFolio, Buildium, Console Group, Entrata, and LCS.
Commenting on the report, an analyst from Technavio’s team said: “One trend affecting this market is the use of data analytics to improve the viability of property management software.” Property management involves dealing with huge volumes of data.
According to the report, one driver influencing this market is the adherence to industry and government regulations for property listings. A property manager or real estate agent needs to be aware of the industry and government regulations related to property listings.
Further, the report states that one challenge affecting this market is the availability of free open-source software. There are numerous providers of free software.
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