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Property Management Software Market to Reach $7.8 Billion, Globally, by 2033 at 8.9% CAGR: Allied Market Research

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The adoption of cloud computing solutions and software-as-a-service (SaaS) platform and increase in the development of smart real estate infrastructure drive the growth of the global property management software market.

NEW CASTLE, Del., June 25, 2024 /PRNewswire/ — Allied Market Research published a report, titled, “Property Management Software Market by Solution (Rental and Tenant Management, Property Sale and Purchase Solution, Accounting and Cash Flow Management Software, Marketing and Advertising, Legal and Insurance Consultancy, and Others), Deployment Model (On-Premises and Cloud Based), and Property Type (Residential, Commercial, Industrial, and Special Purpose): Global Opportunity Analysis and Industry Forecast, 2024-2033″. According to the report, the property management software market was valued at $3.2 billion in 2023 and is estimated to reach $7.8 billion by 2033, growing at a CAGR of 8.9% from 2024 to 2033.

Drivers, Restraints, and Opportunities

The property management software market is expected to witness notable growth owing to the adoption of cloud computing solutions and software-as-a-service (SaaS) platform, increase in the development of smart real estate infrastructure, and growth in dependency on one platform approach. Moreover, a rise in consumer demand for sustainable living and working space is expected to provide lucrative opportunities for the growth of the market during the forecast period. On the contrary, lack of awareness regarding optimal software solutions limits the growth of the property management software market.

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Report coverage & details:

Report Coverage

Details

Forecast Period

2024–2032

Base Year

2023

Market Size In 2023

$3.2 Billion

Market Size In 2032

$7.8 Billion

CAGR

8.9 %

No. of Pages in Report

279

Segments Covered

Solution, Deployment Model, Property Type, and Region

Drivers

Adoption Of Cloud Computing Solutions and Software-As-A-Service (SaaS) Platform

Increase In the Development of Smart Real Estate Infrastructure

Growth In Dependency on One Platform Approach

Opportunities

Rise In Consumer Demand for Sustainable Living and Working Space

Restraints

Lack Of Awareness Regarding Optimal Software Solutions

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The marketing and advertising segment is expected to lead the market

By solution, the marketing and advertising segment accounted for more than one-fourth of the global property management software market share in 2023 and is expected to remain dominant during the forecast period, owing to increase in the use of digital marketing channels, including social media, search engine optimization (SEO), and content marketing, to reach and engage target audiences effectively. Property management software providers are leveraging these platforms to showcase their solutions, share industry insights, and provide valuable resources to potential users. However, the accounting and cash flow management software segment is expected to witness the highest growth of 12.0% in the upcoming years, owing to increase in the adoption of cloud-based solutions, which offer greater accessibility, scalability, and real-time collaboration capabilities. Cloud-based platforms enable property managers to access financial data from anywhere, streamline workflows, and ensure data security and compliance. Moreover, the integration of artificial intelligence (AI) and machine learning technologies, which automate repetitive tasks such as data entry, invoice processing, and expense categorization, thereby reducing manual errors and improving efficiency.

The cloud segment dominated the market in 2023

By deployment model, the cloud segment accounted for more than three-fourths of the global property management software market share in 2023 and is expected to witness the fastest growth rate in the upcoming years, owing to increase in the adoption of mobile-friendly solutions, allowing property managers to access their software and manage their properties from anywhere with an internet connection. This mobile accessibility enhances flexibility and productivity, enabling real-time decision-making and communication. Moreover, the integration of artificial intelligence (AI) and machine learning (ML) technologies into cloud-based platforms, enables advanced functionalities such as predictive maintenance, automated tenant screening, and personalized customer service through chatbots.

The commercial segment dominated the market in 2023

By property type, the commercial segment accounted for nearly one-third of the property management software market share in 2023 and is expected to remain dominant by 2032, owing to rise in demand for integrated solutions that cater to the unique needs of commercial property managers and tenants. This includes features such as lease management tools, tenant tracking functionalities, and financial reporting capabilities tailored specifically for commercial properties. However, the residential segment is expected to display the fastest CAGR of 10.7% throughout the forecast period, owing to increase in demand for tenant-centric features and functionalities that enhance the residential tenant experience. This includes self-service portals for online rent payments, maintenance requests, and lease renewals, as well as communication tools such as messaging and notifications to facilitate seamless interactions between property managers and tenants.

Asia-Pacific is expected to witness the highest growth rate in 2032

Region-wise, the property management software market was dominated by North America in 2023 and is expected to retain its position during the forecast period, owing to the integration of advanced technologies such as artificial intelligence (AI) and machine learning (ML) into property management software, enabling predictive analytics, automated workflows, and personalized tenant experiences. These AI-powered features empower property managers to make data-driven decisions, optimize processes, and deliver enhanced services to tenants, ultimately driving operational efficiency and revenue growth. However, Asia-Pacific is expected to witness significant growth during the forecast period, owing to rise in the adoption of SaaS platforms across various industries such as educational facilities, industrial units, retail supermarkets, and IT hubs. Additionally, there is a growing emphasis on localization and customization in property management software for the Asia-Pacific market, with providers offering features and functionalities tailored to the specific requirements and preferences of local property managers and landlords.

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Leading Market Players-

IQware Inc.Microsoft CorporationOracle CorporationPropertyMe Pty. Ltd.REI Master Pty. Ltd.AppFolio, Inc.Yardi Systems, Inc.Entrata, Inc.Alibaba Group HoldingConsole Australia Pty. Ltd.

The report analyzes these key players in the global property management software market. These players have adopted various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report helps determine the business performance, operating segments, developments, and product portfolios of every market player.

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About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports Insights” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Shanghai Electric Presents Full-Chain Collaborative Solutions for Zero-Carbon Transition at Carbon Neutrality Expo 2026

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SHANGHAI, June 15, 2026 /CNW/ — Shanghai Electric (“the Company”) (SEHK: 02727, SSE: 601727) has successfully concluded its exhibition at the 2026 Shanghai International Carbon Neutrality Expo in Technologies, Products and Achievements (Carbon Neutrality Expo 2026) held from June 10 to 12 in Shanghai under the theme of “Engineering the Optimal Zero-Carbon Solution.”

By presenting zero-carbon park construction achievements, low-carbon technology innovations and green product solutions, Shanghai Electric showcased its core capabilities in full-chain synergy, on-demand customization and project execution. Its integrated energy equipment value chain enables tailored solutions for diverse scenarios and supports green, low-carbon development.

Industrial parks are vital platforms for green and low-carbon development. At the expo, Shanghai Electric released the “White Paper on Technical Measures for Zero-Carbon Park Planning and Construction,” offering systematic and actionable guidance for green and low-carbon park development. Centered on energy efficiency, energy substitution and resource circulation, Shanghai Electric offers end-to-end services from planning and construction to operations. Its full-chain solutions cover clean energy supply, low-carbon infrastructure, resource recycling and smart O&M.

In recent years, the Company has advanced several demonstration projects for green and low-carbon park development, including the “Zero-Carbon Bay” project in Shanghai’s Lin-gang Special Area and a smart energy park in Shantou, Guangdong Province. Selected as one of China’s first 52 national zero-carbon parks and the only project in Shanghai to receive the designation, the Lin-gang project highlights Shanghai Electric’s role in planning, construction and operational deployment, as well as its ability to build integrated zero-carbon systems for advanced manufacturing industries. The Shantou project integrates wind, solar, storage, charging and intelligent energy management, and has received Guangdong’s first carbon neutrality certificate.

With full-category new energy capabilities across wind, solar, storage, hydrogen and nuclear, Shanghai Electric covers the zero-carbon chain from generation to smart platforms and energy-saving equipment. The full-chain synergy provides robust technological and industrial foundation for building zero-carbon scenarios.

Shanghai Electric also released social carbon reduction contribution data for the second consecutive year. In 2025, the Company achieved a reduction of approximately 389 million tons of CO₂ equivalent, continuing to apply its green technologies and industrial capabilities to drive low-carbon transition.

Meanwhile, Shanghai Electric unveiled its next-phase ESG development strategy, reaffirming its commitment to clean technology innovation, low-carbon management and sustainability governance as it works with global partners to support the global zero-carbon transition.

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SOURCE Shanghai Electric

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56% Want It, 38% Leave For It: The Critical State of Work-Life Balance in Hong Kong: Randstad Hong Kong

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Work-life balance remains the #1 Employee Value Proposition (EVP), jumping 10% in importance since 2024 (56% in 2026 vs. 46% in 2024).Top 3 turnover drivers: Poor work-life balance, uncompetitive compensation & benefits, and limited career growth.Mobility trends: 30% of Hongkonger plan to change jobs (peaking at 32% among Gen Z), while 14% seek internal transfers (highest among Millennials at 16%).

HONG KONG, June 16, 2026 /PRNewswire/ — ‘Work-life balance’ continues to reign as the top employee value proposition (EVP) for talent in Hong Kong, while ‘career progression’ has entered the Top 5 EVPs for the very first time in 2026.

Randstad – the global talent company – today revealed early findings of its 14th annual Employer Brand Research in Hong Kong SAR. Commissioned by Randstad and independently conducted by Kantar, this annual study is the world’s most comprehensive employer brand research, surveying over 166,000 people globally, including 2,500 respondents in Hong Kong SAR.

Natellie Sun, Managing Director of Randstad Greater China and Southeast Asia said, “Our 2026 findings show that while work-life balance remains the ultimate priority, career progression has broken into the top five EVPs for the first time in six years. Immediate rewards and daily workplace experiences are still highly valued, but we are seeing a distinct shift: talent in Hong Kong is adopting a much more long-term, strategic mindset when managing their careers.”

Work-life Balance Remains the Leading EVP Driver

The 2026 research reveals that 56% of Hong Kongers prioritise work-life balance when seeking an ideal employer, marking a 10% increase from 2024. This is closely followed by attractive salary and benefits (52%) and job security (43%).

Top 5 Most Important EVP Factors When Thinking about an Ideal Employer

Hong Kong SAR

Gen Z

Millennials

Gen X

work-life balance

work-life balance

work-life balance

work-life balance

salary & benefits

salary & benefits

salary & benefits

salary & benefits

job security

pleasant work atmosphere

job security

job security

career progression

career progression

career progression

pleasant work atmosphere

pleasant work atmosphere

job security

pleasant work atmosphere

career progression

Hongkongers View Work-life Balance through a Functional Lens

Data shows that Hongkongers prioritise tangible benefits which are good environments, reasonable workloads, flexible arrangements, health support, time off and access to work, over soft factors like “supportive leadership and culture”.

44% of talent in Hong Kong cite reasonable workload and expectations as the primary driver of a healthy work-life balance, nearly double the proportion who prioritise supportive leadership and culture (23%). 

Amid talent shifts driven by agile business iterations, forward-thinking managers should do more than simply reassign tasks to teams or AI tools. Instead, they should take actions to prioritise employees’ morale, redesign workflows, and reallocate resources to ensure sustainable productivity.

Another 42% attribute better work-life balance to flexible working arrangements. However, the proportion of employees offered hybrid or remote options has declined (32% in 2026, down from 37% in 2025). Increasingly, employers are mandating a return-to-office (RTO) to track productivity and drive growth. Yet, companies need to be wary of “pseudo-flexibility”, which is when workloads are unreasonable and the line between work time and personal time becomes blurry. Consequently, a poor work-life balance remains the leading driver of resignations in Hong Kong (38.2%).

Switch or Not? Hongkongers Seek Job Security and Career Progression

The Hong Kong talent market is currently navigating a structural supply-demand mismatch, accelerated by AI and economic uncertainties. Faced with these external market risks, talent are increasingly choosing security over mobility.

While 30% of workers still plan to change jobs, external mobility intentions have noticeably slowed down compared to previous years. Instead, the appetite for internal transfers has grown to 14%. Driven by a challenging macroeconomic environment, talent is opting to anchor themselves to current employers, looking for security rather than risking an external move.

However, choosing security does not mean no retention pressure. Employers need to look beyond surface-level declines in turnover and evaluate the workforce through the lens of EVP and attrition factors, to mitigate the risks of ‘job hugging’ fallout and talent loss.

A disconnect exists between what talent expect and what they experience daily. The widest gap lies in “salary and benefits,” followed by “career progression”. Notably, 38% of respondents leave because salary and benefits failed to keep pace with rising living costs and workload, while 29% leave due to a lack of career growth opportunities.

As market-wide salary increments slow down and corporate budgets become cautious, talent are adopting a more pragmatic approach toward compensation and benefits. When weighing salary ceilings against career ceilings, talent possess far greater agency to shatter their career barriers.

Career development is a continuous journey that relies on both personal commitment and a supportive work environment. It encompasses vertical advancement and horizontal expansion, with expectations evolving across the short, medium, and long term. As Partner for Talent, Randstad is committed to supporting candidates through every stage of the career journey.

Randstad Hong Kong 2026 Employer Brand Research Report: Now Available

The 14th edition of the Randstad Hong Kong Employer Brand Research is available now on the website, exploring the insights from 2,500 respondents for the following themes:

how talent across different generations is ranking EVP importancewhat elements strengthen job security and enhance work-life balancejob-switching behaviour and the reasons for leaving jobsAI powers the job search, human connection builds trust.

About Randstad Employer Brand Research

Randstad Employer Brand Research 2026 explores the views of working people in Europe, Asia-Pacific, Latin America and North America.

Data was collected from over 166,000 respondents in Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Czech Republic, Denmark, France, Germany, Greece, Hong Kong SAR, Hungary, India, Italy, Japan, Luxembourg, Malaysia, Mexico, the Netherlands, New Zealand, Norway, Poland, Portugal, Romania, Singapore, Spain, Sweden, Switzerland, the United Kingdom, the United States and Uruguay In January 2026. For this research, Randstad partnered with Kantar, a global research and analysis firm.

About Randstad

Randstad is a global talent leader with the vision to be the world’s most equitable and specialised talent company. As a partner for talent and through our four specialisations — Operational, Professional, Digital and Enterprise — we provide clients with the high-quality, diverse and agile workforces that they need to succeed in a talent scarce world. We help people secure meaningful roles, develop relevant skills and find purpose and belonging in their workplace. Through the value we create, we are committed to a better and more sustainable future for all.

Headquartered in the Netherlands, operating in 39 markets and Randstad N.V. is listed on the Euronext Amsterdam. For more information, see www.randstad.com.

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SOURCE Randstad Hong Kong

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TECNO Unveils SPARK 50 Pro: The Segment’s Durable Powerhouse

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HONG KONG, June 15, 2026 /PRNewswire/ — On June 16 Beijing Time, AI-driven innovative technology brand TECNO unveils SPARK 50 Pro, the segment’s durable powerhouse. Designed for users who expect their smartphone to keep up with them for years, TECNO SPARK 50 Pro offers two battery options — a 5600mAh dual-cell version and a 6000mAh single-cell version — both paired with a Sony LYTIA 600 50MP main camera, a slim 7.8mm body, IP68/IP69 water and dust resistance, and SGS Five-Star certified durability. This stylish and durable smartphone is built to deliver long-lasting all-round performance for entertainment, creativity, and everyday life.

Long-Lasting Power and Performance for Streaming and Multitasking

Built for the way users stream, scroll, game, chat, and multitask throughout the day, TECNO SPARK 50 Pro delivers dependable performance with battery durability designed for the long run. Both battery versions — 5600mAh dual-cell and 6000mAh single-cell — support more than 1,900 charge cycles, retaining over 80% capacity after six years, as certified by TECNO Lab, for long-lasting reliability and fewer battery replacements.

TECNO SPARK 50 Pro also supports 60W Super Charge, powering the device to 63% in just 30 minutes and charging fully in 55 minutes. Three adaptive charging modes – Hyper, Smart, and Low-Temperature – give users control over speed versus heat, while bypass charging routes power directly to the motherboard during heavy use, reducing battery strain and keeping the device cooler when gaming or streaming while plugged in.

Powered by the MediaTek Helio G100 Ultimate processor with AnTuTu score around 550,000, TECNO SPARK 50 Pro is designed to support smooth everyday performance across entertainment, productivity, and social use. It also features Memory Fusion 4.0 technology, delivers up to 24GB RAM. Its large 6.78-inch display with up to 120Hz refresh rate brings fluid visuals to supported scenarios, while dual stereo speakers with DTS Sound deliver a richer audio experience for video, music, and gaming. Together, these features make SPARK 50 Pro a reliable entertainment companion built for daily streaming, multitasking, and playback.

Capture Life in Motion: 50MP Sony Camera Meets Ultra-Fast FlashSnap

TECNO SPARK 50 Pro elevates everyday photography with the Sony LYTIA 600 main camera which was developed by Sony Semiconductor Solutions with Sony optical technology, features a 50MP resolution and a large 1/1.953-inch sensor. It delivers superior light-gathering capability compared to smaller sensors in its class, enabling clearer shots in low-light conditions.

Capture fast-moving moments with TECNO’s FlashSnap technology. With shutter speeds of up to 1/10,000s, users can freeze motion with precision, whether capturing pets in action, moving vehicles, sports, or quick-fire moments with friends.

Beyond still images, TECNO SPARK 50 Pro brings memories to life with Live Photo, saving the atmosphere of a shot in motion with every shutter press. AI-powered imaging tools, including AI Eraser 2.0 and AI Extender, help users remove distractions, reframe compositions, and refine images directly on device. TECNO’s Universal Tone technology further supports more inclusive portrait photography, helping users capture natural-looking skin tones across environments.

Slim Yet Durable: Premium Design with Solid Protection

TECNO SPARK 50 Pro combines a slim 7.8mm profile with premium durability, backed by the Swiss SGS Five-Star Premium Drop Resistance. Adding to its resilience, the device features IP68 and IP69 dust and water resistance, ensuring reliable protection against dust, spills, rain, and high-pressure water jets.

TECNO SPARK 50 Pro extends its all-round experience with features built around how users actually move through their day. FreeLink 2.0 enables off-grid communication in supported scenarios, while 4.5G and 4G carrier aggregation strengthens network performance for streaming, browsing, and social use. AI Noise Cancellation supports clearer calls in busy or noisy environments, and TECNO’s Ella AI Agent and AI Health Assistant bring intelligent everyday assistance for health monitoring and daily productivity.

The device is available in five stylish colors: Ink Black, Titanium Grey, Midnight Blue, Dynamic Orange, and Cloud White. Blending ultra-slim aesthetics with modern style, TECNO SPARK 50 Pro is designed to feel as polished as it is practical — a device that looks premium, performs smoothly, and stays reliable over time.

About TECNO

As a global innovative technology brand with operations in over 70 markets, TECNO has been committed to revolutionizing the digital experience in global emerging markets, relentlessly pushing for the perfect integration of contemporary, aesthetic design with the latest technologies and AI. TECNO offers a wide range of smartphones, smart wearables, laptops and tablets, smart gaming, HiOS operating systems and smart home products. Guided by its brand essence of “Stop At Nothing”, TECNO is committed to unlocking the newest technologies and AI-powered new experiences for forward-looking individuals, inspiring them to never stop pursuing their best selves and their best futures. For more information, please visit TECNO’s official site: www.tecno-mobile.com.

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SOURCE TECNO

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