Saudi Arabia Property Management Software Market 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), By Deployment model (On Cloud, On Premises), By End User (Industrial, Commercial and Residential), By Region, Competition Forecast & Opportunities, 2028
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: ICT | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationSaudi Arabia Property Management Software Market 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), By Deployment model (On Cloud, On Premises), By End User (Industrial, Commercial and Residential), By Region, Competition Forecast & Opportunities, 2028
Saudi Arabia Property Management Software Market
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
Market Players
Major market players of
Recent Developments
- Yardilaunched REACH by RentCafe, a complete digital marketing firm for multifamilyproperty management, in August 2021. REACH creates websites for businesses andproperties, along with unique design elements including logos and emailtemplates.
- In March2021, RealPage Inc. launched On-Call Live Tours as part of its new peakperformance (P2) virtual leasing package. Users may engage with high-qualitythree-dimensional (3D) floor plans, drone video, site maps, and photos bytaking 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) |
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