Property Management Software Market Analysis

Deployment Model (On-Premises, Cloud)

The global property management software market is segmented and analyzed for demand and supply by deployment model segments into on-premises and cloud. Amongst these segments, the cloud segment is anticipated to garner the largest revenue by the end of 2037, backed by the worldwide growing real estate industry along with various large enterprises shifting towards cloud-based property management solutions as cloud-based PMS offers seamless data integration and a backup facility that prevents data loss. It was observed that 80% of the leading real estate performers around the world were using some form of cloud in 2022, and this included many corporate occupiers, housing associations, and property managers.

Application (Residential, Commercial)

The global property management software market is also segmented and analyzed for demand and supply by application, into residential and commercial. Among these segments, the commercial segment is expected to account for a sizable share. The growth is attributed to the growing commercial real estate (CRE) industry along with many CRE companies opting for more digitized operations as it facilitates ease of use, scalability, and cost-effectiveness. According to a survey conducted in 2020 that consisted of 200 CRE senior executives in 10 countries, 41% of respondents agreed that their company has stepped up efforts to redefine business processes to include the use of technology and tools.

Our in-depth analysis of the global market includes the following segments: