About the Self-Storage Software Market
Self-storage refers to a system of renting out storage space like private rooms, box storage, lockers, vehicle storage, or any other space unit to individuals or businesses, usually on a short-term basis. Self-storage software is used by storage owners and tenants for managing operations in the self-storage industry. A large percentage of end-users use self-storage to store personal items like clothing, shoes, antiques, toys, wine, and other household goods. The use of self-storage for business purposes is less as the rent is four times higher than that of factories, grade C office space, and warehouses.
Technavio’s analysts forecast the Global Self-Storage Software Market to grow at a CAGR of 6.77% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the Global Self-Storage Software Market for 2016-2020. To calculate the market size, we considered revenues generated from the sale of self-storage software solutions that include software suits that are stand-alone and integrated solutions.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Self-Storage Software Market 2016-2020
Technavio recognizes the following companies as the key players in the Global Self-Storage Software Market: E-SoftSys, QuikStor Security & Software, SiteLink Software, Storman Software, Yardi Systems.
Other Prominent Vendors in the market are: AndraTech Software, Easy Storage Solutions, storEDGE, Argus Software, Axxerion Software, Landport Software, Property Boulevard, and ROCKSOFT.
Commenting on the report, an analyst from Technavio’s team said: “A trend that is positively impacting market growth is the emergence of cloud-based storage software and mobile applications. Cloud-based self-storage software, which has a centralized database hosted online, is gaining popularity among enterprises because of its advantages. The enterprises that use this software need not bother about the infrastructure. Vendors can provide the service on a cloud platform with a centralized database. Cloud-based self-storage solutions have the ability to import data globally for all sites or business units. They also provide flexibility, meaning they can be accessed from anywhere at any time.”
According to the report, a growth driver for this market is the improving global economic scenario. Increasing real estate investments in APAC will boost the self-storage activities in the region. Self-storage facilities will grow in number during the forecast period because of low interest rates, the strengthening of the global economic environment, and direct real estate investments from institutional investors.
Further, the report states that a major challenge that could impede market growth is the inhibition of the self-storage storage industry in Europe, Middle East, Africa, and Asia. "
E-SoftSys, QuikStor Security & Software, SiteLink Software, Storman Software, Yardi Systems, AndraTech Software, Easy Storage Solutions, storEDGE, Argus Software, Axxerion Software, Landport Software, Property Boulevard, ROCKSOFT.
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