A glance at the market of property management software (2020-2025)

property management
Market Research
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While property owners kept all their property documents, invoices and notes in NOTEPAD or EXCEL in the last decade, apart from the time-taking process of data entry, the possibility of human error was also high; property management software with an integrated cloud-based platform in recent years has allowed sharing documents, financial statements between landlords and tenants and maintenance request online.

Market / Industry segment of property management

Base Year Market size(M$) Duration(YEAR)CAGR(%) Source Name
2017 2377.7 5 6.99% PR news wire
2018 13400 7 8.30% Zion market research
2019 2750.9 8 7.30% Market watch
2019 15300 8 5.20% Grand view research
2019 2691.1 6 7.50% Market Insights report

Influencing factors that changes market size of property management

The size of the market value changes under the influence of many factors; the increase and decrease in the rate of these influential factors leads to changes in the value of the market size, which is provided by direct and reverse drivers in the market of property management

Direct drivers:

  • Awareness of real estate management software
  • The penetration and spread of intelligent mobile phones
  • Increased investment in real estate

Reverse drivers:

  • Economic crisis
  • High cost of software
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This market may also be threatened by following risks:

In all different markets and industries, risk is always one of the factors that business founders should be sufficiently aware of. The first step is risk assessment is identification of risks in the market in order to perform risk management. The market of property management may also be threatened by following risks:

  • Reputation risk
  • Sales and marketing risk
  • Technology risk
  • Stage of business
  • Litigation risk

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