North America Property Management Software Market

North America 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

Report Id: KBV-6516 Publication Date: September-2021 Number of Pages: 105
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Market Report Description

The North America Property Management Software Market would witness market growth of 4.6% CAGR during the forecast period (2021-2027).

Property Management Software makes the work easy for property managers as it automates operational, financial, and back-office activities. The mature real estate market and strong infrastructure of the developed nations of this region are creating lucrative growth opportunities for property management software providers to expand their business in this region. The application of the property management software offers tools for rental housing, apartments, commercial property, storage facilities & property owner associations, tracking tenant information, leasing agreements.

The swift development in infrastructure and technology is encouraging emerging nations to implement property management in several business processes. Increasing public & private investments and infrastructure development around these nations are estimated to offer lucrative growth opportunities to property management software manufacturers in the forthcoming years.

Cloud-based property management software focuses on the installation of actuators and sensors in the infrastructure facilities of luxury hotels, which simultaneously increases the hotel room revenue with consequent future concerns. As the property management business grows with new services, the cloud helps in handling the bandwidth, extra storage, and computing demands. It also makes sure that the system takes care of updates to operating systems and other software so that it will not waste the time.

The regional PMS market is flourishing due to the presence of major players like Yardi Systems Incorporation, Entrata Incorporation, MRI Software LLC, and AppFolio Incorporation. The United States is dominating this region with significant growth. Also, the factors like decrease in the additional cost in administrational expenses, high preference of the software-as-a-service (SaaS) for PMS, and focus on flexibility in property management are propelling the regional market growth.

The US market dominated the North America Property Management Software Commercial Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $604.7 million by 2027. The Canada market is experiencing a CAGR of 9% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 8.1% 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 U.S., Mexico, Canada, and Rest of North America.

Free Valuable Insights: The Global Property Management Software Market is Estimated to Reach USD 4.1 Billion by 2027 at a CAGR of 5.4%

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:

By Application

  • Residential
  • Commercial
    • Retail Spaces
    • Office Spaces
    • Hotels
    • Others

By Deployment Type

  • Cloud
  • On-premise

By End User

  • Property Managers/ Agents
  • Housing Associations
  • Property Investors
  • Others

By Country

  • US
  • Canada
  • Mexico
  • Rest of North America

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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