Property management service market is anticipated to grow at a CAGR of 9.5% during the forecast period (2023-2030). Property management is the daily oversight of residential, commercial, or industrial real estate by a third-party contractor. They usually work for the owners of investment properties such as apartment and private home communities, shopping centers, and industrial parks. The growing adoption of urbanization, increasing real estate investments, shift towards the rental market, technological advancements are the key factor supporting the growth of the market globally.
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The global property management service market is segmented on the application, services, and end users. Based on the application, the market is sub-segmented into residential and commercial. Based on the services, the market is sub-segmented into mortgage & utility payment, rent collection, legal & accounting services, leasing, and repair & maintenance. Further, on the basis of end-user, the market is sub-segmented into housing associations, property managers, property investors, and others. Among the advertisement format, the mobile display sub-segment is anticipated to hold a considerable share of the market owing to the rise in development of engaging and innovative video advertisements on mobile phones. Real estate management has also been highly impacted by the adoption of technology. With the help of technology, a property management firm can now easily show the property to interested prospects, that too in a 3D model. This has certainly helped both real estate management companies and their clients to do business from anywhere without meeting in person regularly. For instance, in April 2021, Entrata Inc. announced the addition of Alexa to its residential property management system. With voice-controlled smartphones, property managers may manage and set up Alexa-enabled gadgets in every unit.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Property Management Service Market by Application
- Residential
- Commercial
Global Property Management Service Market by Services
- Mortgage & Utility Payment
- Rent Collection
- Legal & Accounting Services
- Leasing
- Repair & Maintenance
Global Programmatic Advertising Market by End User
- Housing Associations
- Property Managers/Agents
- Property Investors
- Others
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- PMX Dynamics
- Avison Young
- BH Management Services, LLC
- CBRE Group, Inc.
- Prologis, Inc.
- Lincoln Property Management
- The RMR Group LLC
- Vacasa LLC
- WinnCompanies
- Tishman Speyer
- Skyline Property Management
- Spacewell International NV NV/SA
- Buildium
- Cushman & Wakefield plc
- Greystar Worldwide, LLC
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global property management service market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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