Published on: July 08, 2021
The property management market will register steady growth during 2021-2025. The market is categorized under the data processing & outsourced services industry that was valued at $226.12 billion in 2020. The market’s growth will be mainly driven by factors such as the increasing demand for SaaS model of property management.
IBM, Oracle, SAP, Trimble, and RealPage are some of the major property management companies.
This report provides a detail analysis of the market based on the component (solutions and services) and geography (North America, Europe, APAC, Latin America, and Middle East and Africa). The country-level analysis provided by this property management market report also offers insights on the market’s growth in the key countries the vendors should focus on.
The market is quite competitive. With favorable conditions for growth, the level of competition among companies will intensify further.
The growing demand for SaaS model of property management, is anticipated to have a major impact on the demand for property management. Additionally, key property management market trends, such as the rising demand for outsourcing services will also influence its demand during the forecast period.
The lack of technical skills will pose as a major challenge for vendors.
Some of the key property management market vendors covered in this report include:
Vendors are focusing on new growth strategies to survive in this competitive market and increase their market share. The detailed competitive analysis will help companies understand the competitive environment in different geographic regions.
Covering key aspects including business expansions, collaborations and partnerships, and entry barriers for new players, this report will help vendors identify new growth opportunities and design strategies before venturing into new product and service segments. The report also provides details on market challenges that will restrict market growth.
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