Global Multi-family/HOA Property Management Software industry is projected to reach USD 1100.05 million USD by 2022
The Multi-family/HOA Property Management Software industry was 784.64 million USD in 2016 and is projected to reach USD 1100.05 million USD by 2022, at a CAGR (Compounded Annual Growth Rate) of 7.00% between 2016 and 2022.
Published Date: 2018/8/24
Property management software helps property managers manage their daily operations. These operations include tenant and lease tracking, accounting, and building maintenance. The software solution provides property managers a centralized platform to view all their properties. It also ensures the progress of other property-related operations such as supervising maintenance tasks and addressing the needs of tenants. Multi-family/HOA Property Management Software is the Property Management Software used in Multi-family and HOA (Homeowners Associations) field.
The Multi-family/HOA Property Management Software industry was 784.64 million USD in 2016 and is projected to reach USD 1100.05 million USD by 2022, at a CAGR (Compounded Annual Growth Rate) of 7.00% between 2016 and 2022. HOA and condo management is a small market that is part of the larger property management software segment. As the downstream consumption usually follows with developed and rapid economic growth areas, such as BRICS, the developed areas’ company prefers investing to underdevelopment regions these years.
The key players are Yardi Systems, RealPage, Entrata, MRI Software, CoreLogic, AppFolio, Chetu , Syswin Soft, Property Boulevard, Buildium, Rockend, Console Group, PropertyBoss Solutions, Infor, ResMan and so on. Among them, Yardi Systems is the leader.
On the basis of type, the Multi-family/HOA Property Management Software market is segmented into On-Premise Type and Cloud-Based Type. The Cloud-Based PMS segment is expected to grow faster in the future.
The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin. The industry is expected to remain innovation-led, with frequent acquisitions and strategic alliances adopted as the key strategies by the players to increase their industry presence.
Significant and lasting barriers make entry into this market difficult. These barriers include, but are not limited to: (i) product development costs; (ii) capital requirements; (iii) intellectual property rights; (iv) regulatory requirement; and (v) Transitions’ unfair methods of competition.
Click to view the full report: https://www.qyresearch.com/index/detail/660816/global-multi-family-and-hoa-property-management-software-market
Marketing: sales@qyresearchglobal.com
Media Contact: press@qyresearch.com
评论
发表评论