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Home | Search Global IT News: IT News & Press Release Distribution: Property Management Market Estimated to Grow $22.04 billion by 2023 (IT-NEWSWIRE.COM, October 28, 2021 ) MarketsandMarkets expects the global Property Management Market size to grow from USD 14.47 billion in 2018 to USD 22.04 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 8.8% during the forecast period (2018–2023). The property management market is gaining traction, due to the critical need for reliable management of growing number real estate properties and smart city projects. Major players in the global property management market include IBM (US), Hitachi Vantara (US), JLL (US), Oracle (US), SAP (Germany), Trimble (US), RealPage (US), AppFolio (US), Yardi (US), MCS Solutions (Belgium), and ARCHIBUS (US). The other players include FSI (UK), Planon (Netherlands), Accruent (US), Entrata (US), iOFFICE (US), Indus Systems (US), Total Management (US), Rentec Direct (US), PMX Dynamics (Canada), Hemlane (US), Property Boulevard (US), OfficeSpace (US), CIC (US), Archidata (Canada), and Buildium (US). Download PDF Brochure : https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=36579732 JLL is one of the leading players in the property management market. The company has adopted both organic and inorganic growth strategies to expand its presence in the global property management market. For instance, in March 2018, JLL Spark, a division of JLL, announced the acquisition of Stessa, a Software-as-a-Service (SaaS)-based real estate technology firm. Stessa enables investors and property managers to track, manage, and communicate the performance of their real estate portfolios. Oracle, an established vendor in the property management market, has a strong presence in the Americas, Asia Pacific (APAC), Europe, Middle East and Africa (MEA), and Latin America. In the property management market, Oracle provides Oracle Property Manager and the Primavera Facilities and Asset Lifecycle Management solution. The company has majorly adopted organic growth strategies to enhance its presence and broaden its customer base in the global property management market. In May 2018, Oracle announced an update for its flagship product, Oracle Property Manager. The updated product features new contract abstraction and migration, lease accounting transformation, global lease management, and enhanced reporting, and it is compatible with the IFRS 16 and ASC 842 accounting standards. Furthermore, in February 2017, Oracle released a look-back period archive patch for Oracle Property Manager. The new patch creates a concurrent program that users can run at the end of each fiscal month to archive the lease data. Request Sample : https://www.marketsandmarkets.com/requestsampleNew.asp?id=36579732 About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com MarketsandMarkets™ Mr. Aashish Mehra 1-888-600-6441 raviraj.tak@marketsandmarkets.com Source: EmailWire.Com Source: EmailWire.com

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