Albany, NY, April 21, 2016 (GLOBE NEWSWIRE) -- MarketResearchReports has announced the addition of a new study on the global property management software market to its vast base of research reports. The market study, titled “Global Property Management Software Market 2016-2020,” presents a comprehensive overview of the historical as well as the present performance of this market.
This 55-page report provides an in-depth evaluation of the worldwide property management software market, considering various market factors such as the latest trends, the dynamics of demand and supply, the growth rate, opportunities, as well as the future prospects of this market.
The demand for this software has been increasing rapidly among organizations, brokers, and agents as they need to deal with a wide range of data related to property management, collected from a number of sources. The trend is projected to continue in the near future and the global property management software market is likely to register a healthy CAGR of 6.77% during the period from 2016 to 2020.
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The easy access to the available proprietary data, provided by property management software, has been considered as the main factor driving the growth of the global market for property management software in this report. Another factor, anticipated to propel this market substantially over the forecast period is the growing demand for contract management solutions across the world, notes the study.
On the other hand, the report pegs the increasing concerns over the privacy and security of data as the key restraint that the market is likely to face over the forecast period. However, analysts expect the rising trend of the installation of property management software in large organizations to support this market significantly in the coming years.
The research report analyzes the worldwide property management software market on the basis of the deployment method, the end user, and the regional spread of this market. Based on the deployment method, the global market has been classified into on-premise property management software and cloud property management software. By the end user, the market has been categorized into the commercial and the residential construction industry, property services, property owners, corporations, and capital markets.
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On the regional basis, the research study has segmented the global property management software market into the Americas, Asia Pacific, and Europe and the Middle East and Africa. The Americas led this market with a share of approximately 47% in 2015, states the report.
As per the study, MRI Software, Buildium, Yardi Systems, London Computer Systems, AppFolio, and RealPage are the leading providers of property management software in the global arena. Other prominent vendors mentioned in this research report are Rosmiman Software Corp., RentPost, Genkan, Total Management, PROMAS, Accruent, Realty Information Systems, TOPS Software, Rentec Direct, ARGUS Software, Skyline Property Management, and Property Boulevard.
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