LAMEA Property Management Software Market By Application (Residential and Commercial), By Deployment Type (Cloud and On-premise), By End User (Property Managers/ Agents, Housing Associations, Property Investors and Others), By Country, Growth Potential, COVID-19 Impact Analysis Report and Forecast, 2021 - 2027
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Market Report Description
The Latin America, Middle East and Africa Property Management Software Market would witness market growth of 8.9% CAGR during the forecast period (2021-2027).
It is a challenging task for any residential or commercial property manager to maintain and run a real estate property. For a landlord having multiple properties on rent, the property management software (PMS) can assist the landlord in streamlining rental functions. Software solutions that can monitor the tenant information have been available in the market since a long, but a higher focus on analytics and decreasing overhead costs is encouraging unwilling landlords to rethink about their decision to adopt the digital technology.
The growing real estate sector across various nations like Nigeria, and South America is opening new growth avenues for the property management software market in the region. Tools and software have become internal parts of all determinants of real estate comprising property management. These tools and software help in making operations faster and easier. This helps in controlling business tasks and activities virtually from any location in the world.
The real estate sector in Nigeria is experiencing an ever-increasing value investment as real estate has many advantages over investing in bonds, stocks, and mutual funds. In Brazil, small and large companies are adopting a variety of approaches to innovate the property management industry. Additionally, various companies based on the region are involved in the real estate sector that offers facilities like construction, management, purchase, and consulting services.
The Brazil market dominated the LAMEA Property Investors Property Management Software Market by Country 2020, thereby, achieving a market value of $12.5 million by 2027. The Argentina market would witness a CAGR of 10.3% during (2021 - 2027). Additionally, The UAE market is expected to witness a CAGR of 9.3% during (2021 - 2027).
Based on Application, the market is segmented into Residential and Commercial. The commercial Segment is further bifurcated across Retail Spaces, Office Spaces, Hotels and Others. Based on Deployment Type, the market is segmented into Cloud and On-premise. Based on End User, the market is segmented into Property Managers/ Agents, Housing Associations, Property Investors and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include SAP SE, Oracle Corporation, IBM Corporation, InnQuest Software, IQware, Inc., MRI Software LLC, RealPage, Inc., Yardi Systems, Inc., Jones Lang LaSalle IP, Inc., and HiRum Software solutions
Scope of the Study
Market Segments Covered in the Report:
- Retail Spaces
- Office Spaces
By Deployment Type
By End User
- Property Managers/ Agents
- Housing Associations
- Property Investors
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- SAP SE
- Oracle Corporation
- IBM Corporation
- InnQuest Software
- IQware, Inc.
- MRI Software LLC
- RealPage, Inc.
- Yardi Systems, Inc.
- Jones Lang LaSalle IP, Inc.
- HiRum Software solutions
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