- Rise in adoption of digitalization across the globe is expected to help the global property management software market gain valuation of US$ 2 Bn by 2027
- Increase in demand by users for transparency in property management activities is creating incremental opportunities in the property management software market
ALBANY, N.Y., May 9, 2022 /PRNewswire/ — A study by Transparency Market Research (TMR) notes that the global property management software market is projected to expand at a CAGR of 7% during the forecast period of 2019 to 2027. Furthermore, the market is prognosticated to gain a valuation of US$ 2 Bn by 2027.
Maintaining and building relationships with tenants as well as attracting new tenants play an important role in the success of any real estate business. Hence, users are increasing inclining toward performing various tasks such as creating automated tenant emails and discovering connections to potential tenants with the help of latest AI software systems. Several market players are focusing on providing best rental property management software with more convenience to consumers by connecting property management systems with mobile apps. Such innovations are resulting into the launch of amenity-packed mobile apps.
Players operating in the property management software market are increasing concentration on offering customized software as per needs of end-users. Furthermore, several enterprises are launching innovative and cost-effective software with…
