Property Management Software Market To Reach $5.89 Billion By 2033

Property Management Software Market Growth & Trends

The global property management software market size is expected to reach USD 5.89 billion by 2033, registering a CAGR of 6.4% from 2026 to 2033, according to a new report by Grand View Research, Inc. The property management software (PMS) market is driven by key factors, including the adoption of SaaS solutions for improved accessibility and efficiency, centralized management for better task coordination, and enhanced tenant services for efficient issue resolution.

A centralized management system is crucial for efficiently handling the various aspects of property management. PMS solutions provide a unified platform that consolidates tasks such as accounting, tenant tracking, and building maintenance. This centralization simplifies oversight and ensures that all property-related activities are managed cohesively. Property managers can view and manage multiple properties from a single interface, which enhances operational efficiency and reduces the complexity associated with managing a diverse portfolio.

Additionally, the ability to generate valuable insights through data analytics is a significant advantage of modern PMS solutions. These systems collect and analyze data from various property management activities, providing property managers with actionable insights. By leveraging this data, managers can make informed decisions that optimize property performance and profitability. Data-driven insights help in identifying trends, forecasting future needs, and improving overall management strategies.

Moreover, cost efficiency is a significant benefit of using property management software. By automating routine tasks such as rent collection, maintenance scheduling, and financial reporting, PMS solutions reduce the requirement for manual intervention. This automation not only cuts down on labor costs but also minimizes the likelihood of human errors, leading to more accurate and reliable operations. Additionally, digital storage reduces the need for physical paperwork and storage space, further lowering operational costs. 

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Property Management Software Market Report Highlights

• Automated PMS tools reduce human errors and help property managers assign tasks more efficiently, preventing service delays. An automatic PMS helps reduce the time taken to respond to complaints and grievances of tenants or owners. 

• The cloud segment dominated the property management software market, accounting for the largest revenue share of 61.2% in 2025. This growth is driven by the increasing adoption of cloud-based solutions by housing associations, corporate occupiers, property managers, and other organizations. 

• The software segment dominated the property management software industry with the largest share in 2025. The market is growing as property managers increasingly turn to software, which simplifies daily operations and consolidates everything into one place 

• The residential segment accounted for the largest market share of 70.5% in 2025 and is expected to continue its dominance over the forecast period. The dominance of the residential segment can be attributed to the increasing demand for rental properties and increasing investments in real estate 

• The property managers/ agents segment dominated the property management software market in 2025. Property management has become increasingly complex due to the growth in the number and variety of properties, including residential, commercial, and industrial 

• North America dominated the property management software market, accounting for a 39.4% revenue share in 2025. This dominance can be attributed to the widespread availability of high-speed internet, strong cloud computing capabilities, and cutting-edge software development resources

Property Management Software Market Segmentation

Grand View Research has segmented the global property management software market report based on deployment, solution, application, end use, and region:

Property Management Software Deployment Outlook (Revenue, USD Million, 2021 - 2033)

• Cloud

• On-Premise

Property Management Software Solution Outlook (Revenue, USD Million, 2021 - 2033)

• Software

• Services

Property Management Software Application Outlook (Revenue, USD Million, 2021 - 2033)

• Residential

  • Multi-Family Housing/ Apartments

  • Single-Family Housing

  • Others

• Commercial

  • Retail Spaces

  • Office Spaces

  • Hotels

  • Others

Property Management Software End Use Outlook (Revenue, USD Million, 2021 - 2033)

• Housing Associations

• Property Managers/ Agents

• Property Investors

• Others

Property Management Software Regional Outlook (Revenue, USD Million, 2021 - 2033)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

• Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Australia

• Latin America

  • Brazil

• Middle East & Africa

  • UAE

  • Saudi Arabia

  • South Africa

List of Key Players in Property Management Software Market

• AppFolio, Inc

• Reapit

• Entrata, Inc.

• MRI Software LLC

• RealPage, Inc.

• REI Master

• Yardi Systems, Inc.

• Zillow Group, Inc.

• SAP SE

• ResMan

• Buildium, A RealPage Company

• Innago

• SimplifyEm Inc.

• Rentec Direct

• Hemlane, Inc.