Property Management Software Market - Historic Data (2019-2024), Global Trends 2025, Growth Forecasts 2037
Property Management Software Market in 2025 is evaluated at USD 27.2 billion. The global Market size exceeded USD 25.35 billion in 2024 and is set to expand at a CAGR of over 9.1%, surpassing USD 78.65 billion revenue by 2037. North America is anticipated to hit largest share by 2037, driven by rising demand for rented properties, a growing number of tenants, and the availability of property management software.
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.
Property Management Software Sector: Growth Drivers and Challenges
Growth Drivers
- Increasing Use of Software as a Service (SaaS) – In real estate organizations, SaaS offers high scalability and wide customization options. The rising adoption of SaaS for managing properties is expected to escalate the demand for property management software in the forecasted period. It was found that, in 2020, more than 35% of the companies worldwide were running their organization on SaaS, whereas it is expected that by 2025, over 80% of the businesses will convert their systems to SaaS. Moreover, proliferating investment in the real estate sector is resulting in its automation which is also driving the growth of the property management software market.
- Growing Workforce Migration – The inflow of workforce immigrants in any region leads to a surge in housing demand in that region. It was found that, internationally, the number of people migrating for work grew from 164 million to 169 million between 2017 and 2019. The rising provision of web-based services in the real estate sector is expected to boost market growth in the upcoming years.
- Upsurge in Online Hotel Bookings – Which accounted for more than USD 174 million across the globe in 2022.
- Growing Tourism Industry – As per the tourism industry statistics 2020, global revenue for travel and tourism reached USD 440 billion in 2020.
- Rising Digital Property Buyers – More than 50% of buyers found their homes through the internet.
Challenges
- Lack of Awareness About Property Management Software – Despite the increasing implementation of property management software, numerous people and small businesses are not aware of the dynamic outcomes of such software. Hence, the notable deficit in optimal property management software solutions is estimated to hinder the growth of the market.
- Concern about the Affordability of Smaller Businesses
- Time-taking Process
Property Management Software Market: Key Insights
| Report Attribute | Details |
|---|---|
|
Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
9.1% |
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Base Year Market Size (2024) |
USD 25.35 billion |
|
Forecast Year Market Size (2037) |
USD 78.65 billion |
|
Regional Scope |
|
Property Management Software Segmentation
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:
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By Deployment Model |
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By Application |
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By End-User |
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Vishnu Nair
Head - Global Business DevelopmentCustomize this report to your requirements — connect with our consultant for personalized insights and options.
Property Management Software Industry - Regional Synopsis
The North American property management software market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2037. The growth of the market can be attributed majorly to the rising demand for rented properties, followed by the growing presence of tenants in the region, the increasing number of houses rented by the residents, and the availability of various property management software for landlords. For instance, according to the 2021 statistics, around 42 million, or 34% of U.S. households, rent their homes. Property management software has shrunken the need to hire third-party property managers by landlords as PMS evades human errors and streamlines rent collection processes through automation. Moreover, it simplifies tracking finances, reduces communication gaps, and stores and leases documents and contracts directly between landlords and tenants. All such factors are also driving the growth of the market in the region. Furthermore, there is a growing awareness related to real estate crowdfunding among the people in the region, that is predicted to boost the market’s growth in the region.
Companies Dominating the Property Management Software Landscape
- Yardi Systems, Inc.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- RealTimeRental
- IBM Corporation
- Oracle Corporation
- Honeywell International Inc.
- AppFolio, Inc.
- Total Management
- Buildium, LLC
- Entrata, Inc.
- Trimble Inc.
Recent Developments
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Yardi Systems, Inc., announced the launch of RentCafe CRM IQ, which is a customer-centric relationship management solution for multifamily operators. CRM IQ is part of Yardi Voyager and RentCafe product suites. It provides a frictionless experience for managing applicants, residents and prospects, through every stage of the leasing and resident lifecycle.
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RealTimeRental (RTR) has partnered with Arbol Inc., an InsurTech platform, to offer the parametric weather protection program for vacation rentals. This program will offer a simple solution to vacation renters by protecting their vacation against rainy weather.
- Report ID: 4404
- Published Date: May 08, 2025
- Report Format: PDF, PPT
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