Property Management Software Market Size

Property Management Software Market size was over USD 25.35 billion in 2024 and is likely to exceed USD 70.09 billion by the end of 2037, growing at over 8.8% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of property management software is evaluated at USD 27.15 billion.The growth of the market is primarily attributed to the growing population worldwide, which was 7.9 billion in 2021 and is expected to reach 8.5 billion in 2030, along with the rising demand for residential and commercial properties amongst the global populace. The growing conveyance of property has led to the use of new automation tools in the real estate industry. Innovations such as smart and AI-enabled property management software have shifted manual property management solutions to automatic management solutions. This, as a result, is anticipated to create numerous opportunities for the growth of the market in the upcoming years.

Additionally, the rising urbanization worldwide along with cities focusing on creating more housing to meet the needs of different household types and income levels is predicted to present the potential for market expansion over the projected period. Rapid urbanization is reshaping cities. The development of residential real estate as a mainstream investment sector is contributing to the rising sale and purchase of residential properties globally. For instance, between 2020 and 2021, the number of residential property sales grew by 20% in England.