Property Management Software (PMS) Market
Property Management Software (PMS) Market Size, Share & Trends Analysis Report by Deployment (Cloud-Based, and On-Premise), by Application (Residential, Commercial, and Hotel), and by End-Users (Property Managers, Landlords, Real Estate Investors, and Housing Associations) Forecast Period (2023-2030)
PMS market is anticipated to grow at a CAGR of 7.2% during the forecast period (2023-2030). PMS has appeared as a specialized application for streamlining property management operations and the increase of real estate investment is driving the market. This computerized system assists property managers and landlords in organizing and overseeing various aspects of their properties and tenant relations. As real estate investments continue to rise, the demand for PMS solutions has witnessed significant growth. This trend goes beyond mere numerical expansion; it reflects investors' desire for enhanced returns, operational efficiency, and data-driven decision-making, all readily facilitated by advanced PMS technology. These platforms leverage data analysis of rent trends, occupancy rates, maintenance costs, and tenant behavior to inform optimal pricing strategies, effective tenant retention efforts, and optimized resource allocation. Additionally, investors gain instant access to insightful financial performance data, empowering them to track their investments, identify underperforming properties, and make timely strategic adjustments. Modern PMS solutions further enhance appeal by offering automation capabilities, mobile accessibility, and tenant engagement tools, contributing to a more efficient and streamlined property management experience for both landlords and professionals.
Segmental Outlook
The global PMS market is segmented on the Deployment, Application, and End-Users. Based on the deployment, the market is sub-segmented into cloud-based, and on-premise. Based on the application, the market is sub-segmented into residential, commercial, and hotel. Further, based on end-users, the market is sub-segmented into property managers, landlords, real estate investors, and housing associations.
The Residential Sub-Segment is Anticipated to Hold a Considerable Share of the Global Property Management Software (PMS) Market
Among the applications, the residential sub-segment is expected to hold a considerable share of the global PMS market. This is all due to a various number of reasons. One of the primary factors is that residential properties, which includes family homes, apartments, condominiums, and townhouses have a large number of units compared to commercial spaces. This vast volume of different types of residential has a very large customer base for residential PMS solutions. One more factor is in the rise in online and remote management, due to the outbreak of COVID-19. It has changed every industry to operate remotely and the interactions have been online many more rather than physical. The residential PMS tools allow the managers of the property to manage their properties remotely, and this remote work also enables the managers to collect their rent online.
Regional Outlook
The global PMS market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America). Among these, this position is relatively assigned to its early adoption of such solutions, with established players like Yardi and RealPage paving the way. The diverse range of property types in North America, from urban high-rises to suburban neighborhoods, necessitates a variety of adaptable PMS solutions. This fundamental density serves as a means for innovation and caters to specific needs within the market.
Global Property Management Software (PMS) Market Growth, by Region 2023-2030
The European Region is Expected to Grow at a Significant CAGR in the Global Property Management Software (PMS) Market
Among all regions, the European region is anticipated to grow at a considerable CAGR over the forecast period. Factors including expansion of urban centers and the rising demand for rental properties necessitate efficient management solutions are contributing towards the regional market growth. PMS platforms provide for this need by offering automation tools, updated communication functionalities, and tenant engagement features, thereby enhancing their appeal to property managers. The presence of well-known local players such as StoneCloud (UK) and Aareon (Germany) further drives the market expansion. These solutions are specifically adapted to fulfill with European regulations and cultural preferences, offering a familiar interface and features that resonate with local users compared to global offerings. Additionally, several European governments' initiatives promoting smart city development and digitalization provide tailwinds to the PMS market. These initiatives often include incentives for technology adoption in building management, encompassing PMS platforms. Furthermore, Europe's high mobile penetration rate and users' preference for on-the-go accessibility are addressed by cloud-based PMS solutions equipped with mobile apps, enabling convenient property management from any location at any time.
Market Players Outlook
The major companies serving the global PMS market include AppFolio, Inc., Buildium Services, MRI Software LLC, RealPage Inc., Yardi Systems, Inc., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in September 2022, MRI Software acquired PropTech Group for $93.4 million. The acquisition supported Proptech to expand its product offerings to customers because MRI has more than 2 million users.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global property management software (PMS) market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Application Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. AppFolio, Inc.
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Buildium Services
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. MRI Software LLC
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. RealPage Inc.
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. Yardi Systems, Inc.
3.6.1. Overview
3.6.2. Financial Analysis
3.6.3. SWOT Analysis
3.6.4. Recent Developments
3.7. Key Strategy Analysis
4. Market Segmentation
4.1. Global Property Management Software (PMS) Market by Deployment
4.1.1. Cloud-Based
4.1.2. On-Premises
4.2. Global Property Management Software (PMS) Market by Application
4.2.1. Residential
4.2.2. Commercial
4.2.3. Hotel
4.3. Global Property Management Software (PMS) Market by End-Users
4.3.1. Property Managers
4.3.2. Landlords
4.3.3. Real Estate Investors
4.3.4. Housing Associations
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. CONDO CONTROL
6.2. DoorLoop Inc.
6.3. Entrata, Inc.
6.4. Hemlane, Inc.
6.5. Innago, LLC
6.6. ManageCasa
6.7. PayHOA, LLC
6.8. Property Matrix
6.9. Property Vista Software Inc.
6.10. RealPage, Inc.
6.11. Rentalutions, Inc.
6.12. Rentec Direct
6.13. Rentroom LLC
6.14. ResMan, LLC
6.15. SimplifyEm Inc.
6.16. Storable, Inc.
6.17. TenantCloud LLC
6.18. Total Management
1. GLOBAL PROPERTY MANAGEMENT SOFTWARE (PMS) MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT, 2023-2030 ($ MILLION)
2. GLOBAL CLOUD-BASED PROPERTY MANAGEMENT SOFTWARE (PMS) MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2030 ($ MILLION)
3. GLOBAL ON-PREMISE BASED PROPERTY MANAGEMENT SOFTWARE (PMS) MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2030 ($ MILLION)
4. GLOBAL PROPERTY MANAGEMENT SOFTWARE (PMS) MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2030 ($ MILLION)
5. GLOBAL PROPERTY MANAGEMENT SOFTWARE (PMS) FOR RESIDENTIAL MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2030 ($ MILLION)
6. GLOBAL PROPERTY MANAGEMENT SOFTWARE (PMS) FOR COMMERCIAL MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2030 ($ MILLION)
7. GLOBAL PROPERTY MANAGEMENT SOFTWARE (PMS) FOR HOTEL MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2030 ($ MILLION)
8. GLOBAL PROPERTY MANAGEMENT SOFTWARE (PMS) MARKET RESEARCH AND ANALYSIS BY END-USERS, 2023-2030 ($ MILLION)
9. GLOBAL PROPERTY MANAGEMENT SOFTWARE (PMS) FOR PROPERTY MANAGERS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2030 ($ MILLION)
10. GLOBAL PROPERTY MANAGEMENT SOFTWARE (PMS) FOR LANDLORDS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2030 ($ MILLION)
11. GLOBAL PROPERTY MANAGEMENT SOFTWARE (PMS) FOR REAL ESTATE INVESTORS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2030 ($ MILLION)
12. GLOBAL PROPERTY MANAGEMENT SOFTWARE (PMS) FOR HOUSING ASSOCIATIONS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2030 ($ MILLION)
13. GLOBAL PROPERTY MANAGEMENT SOFTWARE (PMS) MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2030 ($ MILLION)
14. NORTH AMERICAN PROPERTY MANAGEMENT SOFTWARE (PMS) MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2030 ($ MILLION)
15. NORTH AMERICAN PROPERTY MANAGEMENT SOFTWARE (PMS) MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT, 2023-2030 ($ MILLION)
16. NORTH AMERICAN PROPERTY MANAGEMENT SOFTWARE (PMS) MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2030 ($ MILLION)
17. NORTH AMERICAN PROPERTY MANAGEMENT SOFTWARE (PMS) MARKET RESEARCH AND ANALYSIS BY END-USERS, 2023-2030 ($ MILLION)
18. EUROPEAN PROPERTY MANAGEMENT SOFTWARE (PMS) MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2030 ($ MILLION)
19. EUROPEAN PROPERTY MANAGEMENT SOFTWARE (PMS) MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT, 2023-2030 ($ MILLION)
20. EUROPEAN PROPERTY MANAGEMENT SOFTWARE (PMS) MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2030 ($ MILLION)
21. EUROPEAN PROPERTY MANAGEMENT SOFTWARE (PMS) MARKET RESEARCH AND ANALYSIS BY END-USERS, 2023-2030 ($ MILLION)
22. ASIA-PACIFIC PROPERTY MANAGEMENT SOFTWARE (PMS) MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2030 ($ MILLION)
23. ASIA-PACIFIC PROPERTY MANAGEMENT SOFTWARE (PMS) MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT, 2023-2030 ($ MILLION)
24. ASIA-PACIFIC PROPERTY MANAGEMENT SOFTWARE (PMS) MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2030 ($ MILLION)
25. ASIA-PACIFIC PROPERTY MANAGEMENT SOFTWARE (PMS) MARKET RESEARCH AND ANALYSIS BY END-USERS, 2023-2030 ($ MILLION)
26. REST OF THE WORLD PROPERTY MANAGEMENT SOFTWARE (PMS) MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2030 ($ MILLION)
27. REST OF THE WORLD PROPERTY MANAGEMENT SOFTWARE (PMS) MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT, 2023-2030 ($ MILLION)
28. REST OF THE WORLD PROPERTY MANAGEMENT SOFTWARE (PMS) MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2030 ($ MILLION)
29. REST OF THE WORLD PROPERTY MANAGEMENT SOFTWARE (PMS) MARKET RESEARCH AND ANALYSIS BY END-USERS, 2023-2030 ($ MILLION)
1. GLOBAL PROPERTY MANAGEMENT SOFTWARE (PMS) MARKET SHARE BY DEPLOYMENT, 2023 VS 2030 (%)
2. GLOBAL CLOUD-BASED PROPERTY MANAGEMENT SOFTWARE (PMS) MARKET SHARE BY REGION, 2023 VS 2030 (%)
3. GLOBAL ON-PREMISES BASED PROPERTY MANAGEMENT SOFTWARE (PMS) MARKET SHARE BY REGION, 2023 VS 2030 (%)
4. GLOBAL PROPERTY MANAGEMENT SOFTWARE (PMS) MARKET SHARE ANALYSIS BY APPLICATION, 2023-2030 ($ MILLION)
5. GLOBAL PROPERTY MANAGEMENT SOFTWARE (PMS) FOR RESIDENTIAL MARKET SHARE BY REGION, 2023 VS 2030 (%)
6. GLOBAL PROPERTY MANAGEMENT SOFTWARE (PMS) FOR COMMERCIAL MARKET SHARE BY REGION, 2023 VS 2030 (%)
7. GLOBAL PROPERTY MANAGEMENT SOFTWARE (PMS) FOR HOTEL MARKET SHARE BY REGION, 2023 VS 2030 (%)
8. GLOBAL PROPERTY MANAGEMENT SOFTWARE (PMS) MARKET SHARE ANALYSIS BY END-USERS, 2023-2030 ($ MILLION)
9. GLOBAL PROPERTY MANAGEMENT SOFTWARE (PMS) FOR PROPERTY MANAGERS MARKET SHARE BY REGION, 2023 VS 2030 (%)
10. GLOBAL PROPERTY MANAGEMENT SOFTWARE (PMS) FOR LANDLORDS MARKET SHARE BY REGION, 2023 VS 2030 (%)
11. GLOBAL PROPERTY MANAGEMENT SOFTWARE (PMS) FOR REAL ESTATE INVESTORS MARKET SHARE BY REGION, 2023 VS 2030 (%)
12. GLOBAL PROPERTY MANAGEMENT SOFTWARE (PMS) FOR HOUSING ASSOCIATIONS MARKET SHARE BY REGION, 2023 VS 2030 (%)
13. GLOBAL PROPERTY MANAGEMENT SOFTWARE (PMS) MARKET SHARE BY REGION, 2023 VS 2030 (%)
14. US PROPERTY MANAGEMENT SOFTWARE (PMS) MARKET SIZE, 2023-2030 ($ MILLION)
15. CANADA PROPERTY MANAGEMENT SOFTWARE (PMS) MARKET SIZE, 2023-2030 ($ MILLION)
16. UK PROPERTY MANAGEMENT SOFTWARE (PMS) MARKET SIZE, 2023-2030 ($ MILLION)
17. FRANCE PROPERTY MANAGEMENT SOFTWARE (PMS) MARKET SIZE, 2023-2030 ($ MILLION)
18. GERMANY PROPERTY MANAGEMENT SOFTWARE (PMS) MARKET SIZE, 2023-2030 ($ MILLION)
19. ITALY PROPERTY MANAGEMENT SOFTWARE (PMS) MARKET SIZE, 2023-2030 ($ MILLION)
20. SPAIN MULTI-FUNCTIONAL RESINS MARKET SIZE, 2023-2030 ($ MILLION)
21. REST OF EUROPE PROPERTY MANAGEMENT SOFTWARE (PMS) MARKET SIZE, 2023-2030 ($ MILLION)
22. INDIA PROPERTY MANAGEMENT SOFTWARE (PMS) MARKET SIZE, 2023-2030 ($ MILLION)
23. CHINA PROPERTY MANAGEMENT SOFTWARE (PMS) MARKET SIZE, 2023-2030 ($ MILLION)
24. JAPAN PROPERTY MANAGEMENT SOFTWARE (PMS) MARKET SIZE, 2023-2030 ($ MILLION)
25. SOUTH KOREA PROPERTY MANAGEMENT SOFTWARE (PMS) MARKET SIZE, 2023-2030 ($ MILLION)
26. REST OF ASIA-PACIFIC PROPERTY MANAGEMENT SOFTWARE (PMS) MARKET SIZE, 2023-2030 ($ MILLION)
27. REST OF THE WORLD PROPERTY MANAGEMENT SOFTWARE (PMS) MARKET SIZE, 2023-2030 ($ MILLION)
