Property Portfolio Management Market Analysis (2023 - 2030)
Property Portfolio Management Market size was esteemed at USD 15.57 Billion in 2021 and is projected to arrive at USD 28.48 Billion by 2027, developing at a CAGR of 8.8% from 2012 to 2027.
The rising reception of the product as a help (SaaS) model for property the executives drives market development. Moreover, creating a tendency towards working environment portability and rising interest for re-evaluating administrations are a few different variables mindful to include a positive effect on the market. The Global Property Portfolio Management Market report gives an all-encompassing assessment of the market. The report offers an extensive examination of key fragments, patterns, drivers, limitations, serious scenes, and elements that are assuming a significant part on the lookout.
There are sure limitations and difficulties confronted which will frustrate the market development. The market has taken on a few programming for the property of the executives. To deal with these products, the market requires talented experts. Accordingly,the absence of gifted experts could hamper the market. Likewise, factors, for example, financial plan impediments for innovative arrangements might limit the market development somewhat during the anticipated period.
KEY MARKET INSIGHTS
- Given Solutions, the market is bifurcated into Asset Maintenance Management, Lease Accounting and Real Estate Management, Reservation Management, and Others. The Lease Accounting and Real Estate Management fragment are projected to develop at a huge CAGR during the forecast period. The elements can be credited to the contributions of these arrangements. Offering, for example, efficient, dependable, cost-proficient, and adaptable property to the board to ventures and endclients.
- Given Services, the market is bifurcated into Consulting, Deployment and reconciliation, Support and upkeep, and Others. The Consulting fragment is anticipated to hold the imperative CAGR in the figure period. The rising reception of programming like Customer Relationship Management (CRM) to give more comprehensive experiences to the end-clients, has helped in market development for this section.
- Given End Users, the market is bifurcated into Property directors and Housing affiliations. The Property directors held a significant piece of the pie and were assessed to fill altogether in the review period. The property the executives’ arrangements and associated administrations engage property administrators to keep up with and oversee property-related tasks cost-actually and proficiently. Subsequently, the Property chiefs’ section is supposed to encounter significant development over the determined period.
- Given Applications, the market is bifurcated into Commercial and Residential. The business application fragment is additionally bifurcated into Retail, Government, Construction and Real Estate, and Others. The Commercial applications section is expected to have the most noteworthy CAGR in the conjecture period. The variables can be ascribed to the rising need for property for the executives in the business application section.
- Based on Geography, the Global Property Portfolio Management Market is ordered into North America, Europe, Asia Pacific, and the Rest of the world. The biggest offer in the market will be overwhelmed by the Asia Pacific district. As the nations across the Asia Pacific locale, for example, India and China are seeing dynamic and high-level reception of new advancements in land projects sellers of property the board arrangements and unified administrations drives the market development in the Asia Pacific over the anticipated period.
- Market players like Hitachi Vantara, SAP, IBM, Oracle, JLL, Archidata, MCS Solutions, AppFolio, RealPage, Yardi, and others.
Recent developments
- In May 2018, Oracle declared an update for Oracle Property Manager. The refreshed item includes new agreement deliberation and relocation, rent bookkeeping change, worldwide rent the executives, and upgraded detailing, and it is viable with the IFRS 16 and ASC 842 bookkeeping norms.
- In May 2018, Trimble reported variant 35 of the Manhattan IWMS programming. The new update incorporates another User Interface (UI), intended for improved effectiveness, usability, and client efficiency.
SEGMENTATION
Property Portfolio Management Market by Solution
• Asset Maintenance Management
• Lease Accounting And Real Estate Management
• Reservation Management
• Other
Property Portfolio Management Market by Services
• Consulting
• Deployment and integration
• Support and maintenance
• Other
Property Portfolio Management Market by End User
• Property managers
• Housing associations
Property Portfolio Management Market by Applications
- Commercial
- Retail
- Government
- Construction and Real Estate
- Others
- Residential
Property Portfolio Management Market by Geography
- North America
- Europe
- Asia Pacific
- Latin America
- The middle east and Africa
