LONDON – (BUSINESS WIRE) – January 13, 2020–
According to the latest market research report from Technavio, a CAGR of almost 5% is expected for the global property management software market in 2018-2022. Request a free sample report
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Technavio has released its latest market research report, Global Property Management Software Market 2018-2022. (Graphic: Business Wire)
Real estate management software offers more convenience than traditional methods for managing real estate such as Notepad, Microsoft Excel and other spreadsheets. It helps companies respond to complaints and complaints faster and makes work easier to avoid service delays. It also helps end users document leasing management, create rental reminders, provide payment updates, create online payment options, and track ad responses. In addition, property management solutions help minimize human error and reduce time. Many of these benefits increase the popularity of real estate management software that drives the growth of the market.
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According to Technavio, the use of artificial intelligence, machine learning, voice commands and virtual reality in real estate management software will have a positive impact on the market and contribute significantly to its growth in the forecast period. This research report also analyzes other key trends and market drivers that will affect market growth in 2018-2022.
Global Real Estate Management Software Market: Use of Artificial Intelligence, Machine Learning, Voice Commands and Virtual Reality in Real Estate Management Software
The integration of AI, machine learning and language technologies is expected to improve real estate-related transactions in the future. By integrating voice technologies, users can, for example, give search engines voice commands, pay bills, and make maintenance requests, complaints, and other service requests. Similarly, integrating VR into the property management software enables property managers to offer potential tenants a tour of the house or amenities without meeting in person. Such technologies improve the customer experience and help companies build a positive brand image.
"Using data analytics to improve the profitability of property management software and including insurance as a feature in property management software will further accelerate market growth over the forecast period," said a senior analyst at Technavio.
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Global Property Management Software Market: segmentation analysis
This market report segments the global property management software market by Deployment model (cloud-based and on-premises) and geography (America, APAC and EMEA).
The Americas region was the market leader in 2017, followed by EMEA and APAC. The Americas region is expected to maintain market dominance over the forecast period.
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Some of the main topics of the report are:
Five Forces Analysis
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SOURCE: Technavio Research
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PUB: 01/13/2020, 1:00 p.m. / DISC: 1/13/2020, 1:01 p.m.