According to the research report titled ‘Global Real Estate Property Management Software Market Size study, by Type (PC, Mobile, Cloud) by Application (Small Business, Medium Business, Large Business) and Regional Forecasts 2020-2027‘, available with Market Study Report, global real estate property management software market is expected to amass substantial growth during 2020-2027.
 

Transparent documentation in real estate business as well as operational optimization are the major benefits expected to drive global real estate property management software market during the forecast period. Furthermore, inflowing investments in real estate and rise in construction activities are also likely to contribute to the industry growth. According to the India Brand Equity Foundation (IBEF), India real estate sector is anticipated to reach USD 1 trillion by 2030 from USD 120 billion in 2017, and is poised to account for 13 % of nation’s GDP in the year 2025.
 

Notably, real estate property management software is intended to guide the real estate professionals in their business operations with features such as accounting, billing, lease administration, and facility management. The software enables smooth collaborations among the industry agents and their associates, as the details are stored in single piece. Fast industrialization and urbanization will create revenue opportunities for global real estate property management software industry outlook.
 

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Also, emergence of cloud-based services and rising applications of IoT and Big Data have driven the real estate industry in recent past. These technologies help in better understanding the customer behavior and promotes transparency between the agent and the customer. According to Statista, the United States expenditure on public cloud infrastructure was USD 124.6 billion in 2019. This spending will fuel adoption of cloud services in the real estate sector to manage increasing number of clients and transactions. However, security apprehensions among the consumers will be the major challenge for global real estate property management software market growth during 2020-2027. 
 

Based on application spectrum, global real estate property management software market is segmented into large businesses, medium businesses, and small businesses. With regards to software type, the industry is bifurcated into cloud, mobile and PC.
 

Regionally, North America real estate property management software industry share is reckoned to grow modestly over the analysis timeframe, mainly due to rising disposable income and emergence of IoT and big data services in the region. Meanwhile, Asia Pacific market is anticipated to witness the highest growth rate over 2020-2027, owing to rapid urbanization, improved disposable income, and developments in real estate sector.
 

Major players framing global real estate property management software market dynamics include Accruent LLC, Oracle Corporation, Corrigo, Bookalet, Fiserv Inc., AMSI Property Management Software, SHIFT Next Level Innovations, IBM Corporation, iStaging Corp., and Yardi Systems Inc.