United States Property Management Market Assessment [2023-2028], Global Demand, Industry Size, Regional Share and Competitive Landscape
Posted on Mar 17 2023 5:46 AM
" The United States Property Management Market Report provides competitive research on market size, shares, gross margin, and revenue. The company profiles of all the key players and brands that are dominating the market have been given in this report."
The United States Property Management Market Report provide comprehensive coverage of both global and regional markets. The report offers data on key participants, such as manufacturers, suppliers, distributors, traders, customers, investors, and others. Additionally, it includes information on important types, applications, and other factors such as capacity, production, market share, price, revenue, cost, gross, gross margin, growth rate, consumption, import, export, and more. The market research paper also examines the industry chain, manufacturing method, cost structure, and marketing channel
In 2020, the property management market in the United States was worth USD 3.40 billion. The market is expected to grow at a 7.9% CAGR between 2021 and 2028, from USD 3.62 billion in 2021 to USD 6.16 billion in 2028.
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The United States Property Management Market is driven by various factors, including:
- Increasing adoption of cloud-based solutions: The adoption of cloud-based solutions is increasing due to their benefits, including cost-effectiveness, scalability, and flexibility. Cloud analytics solutions provide similar advantages, allowing businesses to quickly access and analyze large amounts of data from various sources.
- Growing demand for data analytics: With the increasing amount of data being generated by businesses, there is a growing need for data analytics solutions that can help organizations make informed decisions. Cloud analytics solutions provide businesses with real-time data insights that can be used to optimize business processes and improve decision-making.
- Technological advancements: The development of advanced technologies such as artificial intelligence (AI), machine learning (ML), and the Internet of Things (IoT) has improved the accuracy and efficiency of cloud analytics solutions. These technologies are being integrated into cloud analytics solutions, making them more powerful and effective.
- Increasing use of social media analytics: The use of social media has grown rapidly in recent years, and businesses are increasingly using social media analytics to understand consumer behaviour and preferences. Cloud analytics solutions are well-suited for social media analytics, allowing businesses to monitor and analyze social media activity in real time.
- Growing demand for predictive analytics: Businesses are increasingly using predictive analytics to forecast future trends and outcomes. Cloud analytics solutions provide businesses with the ability to perform predictive analytics on large amounts of data quickly and accurately.
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The segmentation chapter allows readers to understand aspects of the
United States Property Management Market such as products/services types, available technologies, and applications. The research report also provides insightful information on new trends that are likely to define the progress of these segments over the next few years. The assessment of the Cloud Analytics Market factors gives a brief overview of the impact on the demand over the forecast period. In the Study, you will find new evolving Trends, Drivers, Restraints, and Opportunities generated by targeting market-associated stakeholders. The growth of the Spatial Computing market was mainly driven by increasing R&D spending across the world.
- Property Managers
- Housing Associations
- Real Estate Agents
- Others (Third Party Agents, Property Investors, Etc)
- North America (U.S. and Canada)
- Europe (U.K., Germany, France, Sweden, Spain, and the Rest of Europe)
- Asia Pacific (China, Japan, India, Southeast Asia, and the Rest of Asia Pacific)
- Middle East & Africa (South Africa, GCC and the Rest of the Middle East & Africa)
- Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
Key Players in the United States Property Management Market:
- RealPage, Inc. (Texas, U.S.)
- Yardi Systems, Inc. (California, U.S.)
- ResMan, LLC (Texas, U.S.)
- MRI Software, LLC (Ohio, U.S.)
- AppFolio Inc. (California, U.S.)
- CoreLogic, Inc. (California, U.S.)
- Infor, Inc. (New York, U.S.)
- Entrata Inc. (Utah, U.S.)
- com (Texas, U.S.)
- Buildium, LLC (Massachusetts, U.S.)
Rising Rental Property Demand Will Drive Market Growth
The rising demand for commercial and residential rental property is expected to propel the growth of the US property management market. For example, according to America's Housing Vacancy Survey, the rental market saw a 350,000 increase in renters during the first three quarters of 2019. This is due to the abundance of accessible, affordable, and high-quality properties in major metropolitan areas. Furthermore, job opportunities, immigration, an increase in international students, rising residential home prices, a shift towards urbanisation, and lifestyle changes are driving up demand for rental properties.
Advanced Technology Integration to Promote Regional Market
In 2020, the United States property management market share was USD 3.40 billion, up from USD 3.20 billion in 2019. This is due to the increased use of software in managing regular payments via revenue management solutions. As a result, the increasingly advanced facilities in the United States are expected to fuel this market.
Quick Buy - United States Property Management Market Report:
This market has a large number of prominent companies that are constantly trying to develop unique solutions to meet global demand. To that end, they are collaborating with local or reputable firms, forming collaborations, acquiring companies, and launching new products to strengthen their market portfolio.
United States Property Management Market Overview:
The United States property management market is a large and growing industry that involves the management and leasing of residential and commercial properties. Property management companies provide a variety of services, including tenant screening, rent collection, property maintenance, and accounting services. The market is highly fragmented, with many small to medium sized firms operating alongside a few large companies. The growth of the market is driven by factors such as population growth, urbanization, and an increase in the number of rental properties. In addition, the rise of the sharing economy and the popularity of short-term rentals have created new opportunities for property managers. However, the market is also facing challenges such as increased competition, changing regulations, and the need to adopt new technologies to stay competitive. Despite these challenges, the United States property management market is expected to continue growing in the coming years, driven by demographic trends and the overall strength of the real estate industry.
Reasons to Buy this Report:
Gain comprehensive insights on the industry trends
Identify industry opportunities and key growth segments
Obtain a complete market study on the United States Property Management Market
Key Points from TOC:
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
- Executive Summary
- Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
- Key Insights
4.1 Global Statistics — Key Countries
4.2 New Product Launches
4.3 Pipeline Analysis
4.4 Regulatory Scenario — Key Countries
4.5 Recent Industry Developments — Partnerships, Mergers and Acquisitions
- Global United States Property Management Market Analysis, Insights and Forecast
5.1. Key Findings/ Summary
5.2. Market Analysis — By Product Type
5.3. Market Analysis — By Distribution Channel
5.4. Market Analysis — By Countries/Sub-regions
- Competitive Analysis
11.1. Key Industry Developments
11.2. Global Market Share Analysis
11.3. Competition Dashboard
11.4. Comparative Analysis — Major Players
- Company Profiles
12.2 Products and Services
12.3 SWOT Analysis
12.4 Recent developments
12.5 Major Investments
12.6 Regional Market Size and Demand
- Strategic Recommendations
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