As per the report "Property Management Software Market By Type ( On-Premise, Cloud-based ), By Application ( Apartments/Multi-family, Residential/single family, Mixed portfolio, Commercial, Community/HOA ), Industry Trends, Estimation & Forecast, 2017-2025" In 2017, the segment generated the cloud based property management software held the highest revenue share. Among major regions, the North America was the highest revenue generating market in 2017.
“With the up surging rental businesses, lack of time and hectic traditional staffing methods, property owners are now demanding advanced property management software for the seamless functioning of their businesses, especially in the developed countries. Moreover, an increasing trend of multi-family real estate in the rapidly developing countries is also expected to hike the demands for such software solutions”
Cloud-based property management software dominated the global property management software market
With the continuous advancement in technology, the cloud technology has found its application on various platforms. Cloud based property management system has emerged out as the most adopted software for the smooth functioning of rental businesses. Investing in a web-based PMS has led numerous HOA and multifamily associations to handle their properties, operations, business relations, guests, tenants and corporate clients from anywhere, relying on the basic internet connection. Moreover, if compared with on-premise property management software, the reduced cost, easier collaboration, increased security, scalability and easy accessibility of cloud based PMS has directed the very segment to hold more than 2/3rd of the global market.
Read More
“With the up surging rental businesses, lack of time and hectic traditional staffing methods, property owners are now demanding advanced property management software for the seamless functioning of their businesses, especially in the developed countries. Moreover, an increasing trend of multi-family real estate in the rapidly developing countries is also expected to hike the demands for such software solutions”
Cloud-based property management software dominated the global property management software market
With the continuous advancement in technology, the cloud technology has found its application on various platforms. Cloud based property management system has emerged out as the most adopted software for the smooth functioning of rental businesses. Investing in a web-based PMS has led numerous HOA and multifamily associations to handle their properties, operations, business relations, guests, tenants and corporate clients from anywhere, relying on the basic internet connection. Moreover, if compared with on-premise property management software, the reduced cost, easier collaboration, increased security, scalability and easy accessibility of cloud based PMS has directed the very segment to hold more than 2/3rd of the global market.
Read More
No comments:
Post a Comment