The property management global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Property Management Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size -
The property management market size has grown strongly in recent years. It will grow from $19.38 billion in 2023 to $21.17 billion in 2024 at a compound annual growth rate (CAGR) of 9.2%. The growth in the historic period can be attributed to rising urbanization, demand for rental properties, economic cycles, legislative changes, increasing demographic shifts, and social and cultural changes.
The property management market size is expected to see strong growth in the next few years. It will grow to $30.30 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%. The growth in the forecast period can be attributed to Increasing tenant relations, lease administration, environmental considerations, rise of remote work, and rising property inspections. Major trends in the forecast period include data analytics, predictive insights, remote property management, flexible lease structures, smart buildings, IoT integration, and affordable housing solutions.
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Scope Of Property Management Market
The Business Research Company's reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Property Management Market Overview
Market Drivers -
Rising real estate investments are expected to propel the growth of the property management market going forward. Real estate investment refers to the acquisition, ownership, management, rental, or sale of real estate for profit. It can involve various types of properties, including residential, commercial, industrial, or land. Real estate investments are increasing due to low-interest rates, growing demand for property assets, and a favorable economic outlook. As investors diversify their portfolios and capitalize on real estate's potential returns, they utilize professional property management services to handle day-to-day operations, tenant relations, maintenance, financial management, and maximizing property value. For instance, in January 2022, according to the National Association of Realtors (NAR), a US-based trade association company, commercial property sales increased to $809 billion in 2021, almost doubling the total from 2020. Additionally, rental properties in multifamily sales surged by 128% to reach $335.3 billion compared to the previous year. Therefore, rising real estate investments are driving the growth of the property management market.
Market Trends -
Major companies operating in the player tracking system market are focusing on introducing advanced solutions, such as KINEXON PERFORM GPS Pro, to enhance data accuracy and improve performance analytics in sports. KINEXON PERFORM GPS Pro provides highly accurate and precise location data, allowing sports teams and coaches to monitor players' movements on the field with exceptional detail. For instance, in May 2023, Kinexon Sports & Media GmbH, a Germany-based provider of real-time player tracking solutions, launched KINEXON PERFORM GPS Pro, a GPS-based player tracking system designed for soccer, football, and other outdoor team sports. The system provides real-time tracking of players and collects approximately 120 live performance and load parameters, offering valuable insights for diagnostics, training planning, rehabilitation, and player development. Its outstanding data quality, demonstrated during FIFA’s EPTS test in Seville in 2022, where it achieved top results, sets it apart from similar systems.
The property management market covered in this report is segmented –
1) By Component: Solutions, Services
2) By Deployment Mode: Cloud, On-Premises
3) By Application: Residential, Commercial, Other Applications
4) By End-User: Housi
Hemasri Paruchuri 
