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TMR Projects Strong Growth for Property Management Software Market, AI and Machine Learning to Boost Valuation to ~US$ 2 Bn by 2027

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News provided by

Transparency Market Research

26 Feb, 2020, 08:30 GMT

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- The property management software market will witness highest growth in North America region. The region accounted for US$600 million in valuation in the global landscape in 2019

- The Asia Pacific region will account for fastest growth in the property management software market, rising at 9.0% CAGR during 2019-2029 

ALBANY, New York, Feb. 26, 2020 /PRNewswire/ -- The property management software market will witness a notable growth during the forecast period at a CAGR of 7.0%. The growth is notable for various reasons, including the emerging challenges in the sector such as relatively high-investments costs. However, the growth rate suggests a considerable growth in investor pool in the housing market, which conventionally relied on local investments. The notable shift in dynamics of the demand will a key trend to watch out for during 2019-2029 period.

According to TMR analysts, the level of competition in the property management software market continues to be intense as traditional players are diverging major resources to invest in new strategies, and digital-first outlook. Furthermore, the key players in the market continue to move towards AI-based techniques for growth, thanks to rising value generation of automated software-based property showcases.

Key Findings in the Property Management Software Market

  • Rising capabilities of technological advancements, and growing demand for transparency in property management promises to be key to growth for players in the property management software market. Advanced property management software make way for administering the property with little investment in maintaining human resources, makes way for more transparent communication among stakeholders, and rising concern about safety of children, and valuables also promise tremendous new opportunities for growth in the property management software market.
  • Increased global nature of property management also promises to make way for new opportunities for growth in the property management software market. Robust features such as ability to inspect properties of varying sizes at once, ability to reduce dependence on fallible human input, and compliance with strict legal requirements promise new growth avenues for global players in the property management software market.
  • Rising demand for smart facilities with inclusion of Wi-fi, automated air conditioning, smart monitoring systems, and automated home appliances continue to emerge as new opportunities for growth in the property management software market. The association of automation with luxury has become a major advantage for players in the property management software market. Despite the high costs of investments in the market, the smart tag for facilities often fetches significant revenues for end-players in the property management software market.

Download PDF Brochure - https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=11591

Key Impediments for Property Management Software Market Players

Apart from high-costs associated with property management softwares, the lack of customization options, and growing complexity in technology remains a challenge for players in the property management software market. The problem is often two-fold, wherein end-players are often looking for intuitive solutions. However, their limited ability to understand technology limits the end-use of products.

The rising influx of user-generated customized property management solutions promise a major challenge for established players in the property management software market. The high-costs of developing complex tools, and the ease of copying features, promises to make this an-ongoing battle for players in the property management software market. The growing demand for legal compliance for property is a promising avenue for established players to bring more legal outlook, which would be difficult to emulate for newly established small players in the property management software market.

Request for Custom Research - https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=11591

Property Management Software Market: Region-wise Analysis

The rising popularity of social media, and influencer driven marketing in North America promises significant growth for players in the property management software market. The North America region reached a valuation of US$600 million in 2018, and will likely hold a dominant lead in the global market during the forecast period. Asia Pacific with rising disposable income, and rising demand for posh-gated communities will grow at the fastest CAGR during the forecast period.

Property Management software market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study.

Property Management Software Market: Competitive Analysis

Key companies in the property management software market Chetu, Inc., Oracle Corporation, Alibaba Cloud, Eco Community Sdn Bhd, Yardi Systems Inc., and MRI Software Inc. The leading companies in the market are investing in heavily in cloud technology, AI, and augmented reality to expand global reach.

Component

  • Software
  • On-premise

Cloud

  • Services
  • System Integration
  • Training & Support
  • Consulting

Application

Commercial

  • Retail Spaces
  • Office Spaces
  • Hotels
  • Others (Airports, Seaports, etc.)

Residential

  • Multi-family Housing/ Apartments
  • Apartment Buildings (Low-rise)
  • Apartment Towers (High-rise)
  • Single-family Housing
  • Others (Student Housing, etc.)

End User

  • Housing Associations
  • Property Managers/ Agents
  • Corporate Occupiers
  • Property Investors
  • Others (Affordable Housing & Other Specialties)

Region

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Explore Transparency Market Research's award-winning coverage of the Global IT & Telecom Industry:

Software Defined Everything Market - The global software defined everything market is witnessing substantial growth due to factors such as growing requirement for minimizing IT spending in line with changing business environments and increase in adoption of cloud services among enterprises.

Software Assurance Market - There is rising adoption of internet of Things (IoT) to collect and exchange data which utilizes large number of software. This is contributing to the increasing need for software assurance solutions in the market.

Software Construction Components Market - Increasing development and maintenance costs in the software industry are the major drivers identified for the software construction components market. The advent of internet of things (IoT) has made software development a larger and complex process.

Software Localization Tools Market - Increase in the focus of enterprises on worldwide expansion is a driving factor for the software localization tools market. Enterprises in different regions are focusing on expanding their presence across the globe.

Gain access to Market Ngage, an AI-powered, real-time business intelligence that goes beyond the archaic research solutions to solve the complex strategy challenges that organizations face today. With over 15,000+ global and country-wise reports across 50,000+ application areas, Market Ngage is your tool for research on-the-go. From tracking new investment avenues to keeping a track of your competitor's moves, Market Ngage provides you with all the essential information to up your strategic game. Power your business with Market Ngage's actionable insights and remove the guesswork in making colossal decisions.

About Transparency Market Research

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact:
Transparency Market Research
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90 State Street,
Suite 700,
Albany NY - 12207
United States
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com 
Website: http://www.transparencymarketresearch.com

Logo: https://mma.prnewswire.com/media/1085206/Transparency_Market_Research_Logo.jpg

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