Report Description

Saudi Arabia Property Management Software Market is anticipated to grow at a high CAGR in the forecast period 2024-2028. A Property Management System (PMS) is a software application used to manage hospitality and commercial residential rental properties. PMS is also utilised in manufacturing, local government, and government programs.

During the projected period, the Saudi Property Management Software market will expand. Property management software is getting more popular as the industry becomes more complex and competitive. As businesses grow, so does the requirement for a property management system that can keep up with the ever-changing needs of landlords and tenants. Property managers must be able to manage payments, inventories, and complaints, among other things.

The Saudi property management software market now provides a wide range of solutions, where, some property managers prefer web-based solutions, but others prefer to install the software on their own computers. There are also hybrid systems, which combine web-based and installation solutions. Whatever option a property management company chooses, it is vital to assess property management companies’ specific needs and preferences.

The Expanding Construction Industry Will Increase the Demand for Property Management Software.

The number of single-family residences and privately owned houses under construction in Saudi Arabia has increased considerably during the previous 10 years. In 2022, Saudi Arabia currently having multiple ongoing mega-construction projects, showing a strong construction sector in the GGC region. Several factors are driving market development, including increased construction activity, the need for remote property management, and rising demand for the property management SaaS model. Above all, as part of the Saudi Vision 2030 and the National Transformation Program 2020, the Saudi Ministry of Municipal and Rural Affairs has launched smart city initiatives.

In Saudi Arabia, the construction and real estate sectors are fragmented, with many businesses relying on unofficial connections. Due to their greater usage of property management software than more established businesses, startup companies dominate the real estate sector. One of possibilities is to provide short-term memberships rather than full purchases, as a starting point. The Saudi Arabia Property Management Software Market is in high demand as a result of its rapid expansion.


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Increased Use of Digitalization and Reliance on Software-As-A-Service (SaaS) Platforms

Construction is a significant business in Saudi Arabia that is continuously increasing. The Saudi government is spending heavily in commercial infrastructure development, including airports, hotels, hospitals, universities, and office buildings. As the number of infrastructure projects expands, construction companies employ Property Management software to emphasise new technologies. Two important factors fuelling the growth of the Saudi Property Management software market are the rising construction sector and increased ERP module usage in the industry.

On the other hand, the availability of free Property Management software for various applications may hinder the growth of the Saudi Property Management Software market.

Market Segments

Saudi Arabia Property Management Software is segmented By Solution, By Deployment model and By End User. Based on Solution, the market is segmented into Rental and Tenant Management, Property Sale and Purchase Solution, Marketing and Advertising, Legal and Insurance Consultancy and Accounting and Cash Flow Management Software. Based on Deployment model, the market is segmented into On Cloud and On Premises. Based on End User, the market is segmented into Industrial, Commercial and Residential.

Market Players

Major market players of Saudi Arabia Property Management Software Market are London Computer Systems, Inc (Rent Manager), SunSmart Global Inc. Pvt Ltd (Centra REMS), Expert Skill For Information Technology Ltd, PropertyNet Cloud, In4Velocity, Lodgify, SolutionDot, Crayotech Business Solution and Global Creative Concepts Tech Co Ltd. and Buildium, LLC . To achieve good market growth, businesses that are active in the market employ organic tactics such as product launches, mergers, and partnerships.

Recent Developments

  • Yardi launched REACH by RentCafe, a complete digital marketing firm for multifamily property management, in August 2021. REACH creates websites for businesses and properties, along with unique design elements including logos and email templates.
  • In March 2021, RealPage Inc. launched On-Call Live Tours as part of its new peak performance (P2) virtual leasing package. Users may engage with high-quality three-dimensional (3D) floor plans, drone video, site maps, and photos by taking a customized online tour.

Attribute

Details

Base Year

2022

Historic Data

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028

Report coverage

Revenue forecast, company share, growth factors, and trends

Segments covered

By Solution

By Deployment model

By End User

By Region

Regional scope

Western Region, Northern & Central Region Eastern Region, Southern Region

Key companies profiled

London Computer Systems, Inc (Rent Manager), In4velocity, SunSmart Global Inc. Pvt Ltd (Centra REMS), EXPERT SKILL FOR INFORMATION TECHNOLOGY LTD, SolutionDot PropertyNet Cloud, Global Creative Concepts Tech Co Ltd., Crayotech Business Solution, Lodgify and Buildium, LLC  

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, Saudi Arabia Property Management Software Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Saudi Arabia Property Management Software Market, By Solution:

o   Rental and Tenant Management

o   Property Sale and Purchase Solution

o   Marketing and Advertising

o   Legal and Insurance Consultancy

o   Accounting and Cash Flow Management Software

Saudi Arabia Property Management Software Market, By Deployment Model:

o   On-Premises

o   On-Cloud

Saudi Arabia Property Management Software Market, By End User:

o   Industrial

o   Commercial

o   Residential

Saudi Arabia Property Management Software Market, By Region:

o   Western Region

o   Northern & Central Region

o   Eastern Region

o   Southern Region

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Saudi Arabia Property Management Software market.

Available Customizations:

Saudi Arabia Property Management Software Market with the given market data, Tech Sci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Saudi Arabia Property Management Software Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Service Overview

2.    Research Methodology

3.    Impact of COVID-19 on Saudi Arabia Property Management Software Market

4.    Executive Summary

5.    Voice of Customers

5.1.  Awareness of Property Management Software Service

5.2.  Major Applications of Property Management Software Service

5.3.  Key Benefits of Property Management Software Service

5.4.  Key Vendor Selection Parameter

5.5.  Major Challenges in Property Management Software Service Adoption

5.6.  Key Vendor Challenges

6.    Saudi Arabia Property Management Software Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Solution (Rental and Tenant Management, Property Sale and Purchase Solution, Marketing and Advertising, Legal and Insurance Consultancy, and Accounting and Cash Flow Management Software)

6.2.2.    By Deployment Model (On-Premises, Cloud)

6.2.3.    By End User (Industrial, Commercial, Residential)

6.2.4.    By Region (Western Region, Northern & Central Region, Eastern Region, Southern Region)

6.2.5.    By Company (2022)

6.3.  Market Map

7.    Saudi Arabia Western Region Property Management Software Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Solution

7.2.2.    By Deployment

7.2.3.    By End User

8.    Saudi Arabia Northern & Central Region Property Management Software Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Solution

8.2.2.    By Deployment

8.2.3.    By End User

9.    Saudi Arabia Southern Region Property Management Software Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Solution

9.2.2.    By Deployment

9.2.3.    By End User

10. Saudi Arabia Eastern Region Property Management Software Market Outlook

10.1.               Market Size & Forecast

10.1.1. By Value

10.2.               Market Share & Forecast

10.2.1. By Solution

10.2.2. By Deployment

10.2.3. By End User

11. Market Dynamics

11.1.               Drivers

11.1.1. Surge in digitalization adoption, as well as reliance on software-as-a-service (SaaS) platforms.

11.1.2. Property Management Task Streamlining and Real Estate Investment Management to Drive Global Market

11.2.               Challenges

11.2.1. The high cost of Property Management Software is expected to stifle market growth.

11.2.2. Risks associated with new technologies.

12. Market Trends & Developments

12.1.               Investing more in workforce management

12.2.               The demand for real estate is growing.

12.3.               With favorable government regulations, the industry has potential to grow.

12.4.               Penetration of cloud services will help Property Management software market to grow more.

12.5.               Using edge computing services more frequently.

13. Porter’s Five Forces

14. Policy & Regulatory Landscape

15. Saudi Arabia Economic Profile

16. Company Profiles

16.1.                London Computer Systems, Inc(Rent Manager)

16.1.1. Business Overview

16.1.2. Key Revenue and Financials (If available)

16.1.3. Recent Developments

16.1.4. Key Personnel

16.1.5. Key Product/Services

16.2.               SunSmart Global Inc. Pvt Ltd (Centra REMS)

16.2.1. Business Overview

16.2.2. Key Revenue and Financials (If available)

16.2.3. Recent Developments

16.2.4. Key Personnel

16.2.5. Key Product/Services

16.3.               EXPERT SKILL FOR INFORMATION TECHNOLOGY LTD

16.3.1. Business Overview

16.3.2. Key Revenue and Financials (If available)

16.3.3. Recent Developments

16.3.4. Key Personnel

16.3.5. Key Product/Services

16.4.               PropertyNet Cloud

16.4.1. Business Overview

16.4.2. Key Revenue and Financials (If available)

16.4.3. Recent Developments

16.4.4. Key Personnel

16.4.5. Key Product/Services

16.5.               Global Creative Concepts Tech Co Ltd.

16.5.1. Business Overview

16.5.2. Key Revenue and Financials (If available)

16.5.3. Recent Developments

16.5.4. Key Personnel

16.5.5. Key Product/Services

16.6.               Crayotech Business Solution

16.6.1. Business Overview

16.6.2. Key Revenue and Financials (If available)

16.6.3. Recent Developments

16.6.4. Key Personnel

16.6.5. Key Product/Services

16.7.               In4velocity

16.7.1. Business Overview

16.7.2. Key Revenue and Financials (If available)

16.7.3. Recent Developments

16.7.4. Key Personnel

16.7.5. Key Product/Services

16.8.               Lodgify

16.8.1. Business Overview

16.8.2. Key Revenue and Financials (If available)

16.8.3. Recent Developments

16.8.4. Key Personnel

16.8.5. Key Product/Services

16.9.               SolutionDot

16.9.1. Business Overview

16.9.2. Key Revenue and Financials (If available)

16.9.3. Recent Developments

16.9.4. Key Personnel

16.9.5. Key Product/Services

16.10.            Buildium, LLC

16.10.1.              Business Overview

16.10.2.              Key Revenue and Financials (If available)

16.10.3.              Recent Developments

16.10.4.              Key Personnel

16.10.5.              Key Product/Services

17. Strategic Recommendations

17.1.               Property Management Software market will benefit from technologically enhanced planning procedures.

17.2.               Market Dominance by Region

18. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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Main market players are London Computer Systems, Inc (Rent Manager), SunSmart Global Inc. Pvt Ltd (Centra REMS), Expert Skill for Information Technology Ltd, PropertyNet Cloud, Buildium, LLC, Lodgify, Global Creative Concepts Tech Co Ltd., SolutionDot, Crayotech Business Solution and In4velocity.

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Surge in digitalization adoption, as well as reliance on software-as-a-service (SaaS) platforms and Property Management Task Streamlining and Real Estate Investment Management to Drive Global Market are major factors for Saudi Arabia Property Management Software Market.

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The western region is anticipated to see rapid CAGR growth between 2024 and 2028.

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Property management software (PMS) is a software tool used to manage hospitality and commercial residential rental properties. PMS is also utilized in manufacturing, local government, and government programs. A hotel operating system, or hotel OS, is another name for a property management system.

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Sakshi Bajaal

Business Consultant
Press Release

Saudi Arabia Property Management Software Market is Expected to Register High CAGR in the Forecast Period

Feb, 2023

The introduction of AI features and cutting-edge technology in the construction sector, as well as a growth in construction, will boost the Saudi Arabia Property Management Software market in the for