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Real Estate Property Management Software Market to Grow by USD 414.3 Million from 2024-2028, Driven by Customer-Centric Business Focus and AI Redefining the Market – Technavio

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NEW YORK, Oct. 24, 2024 /PRNewswire/ — Report with market evolution powered by AI – The Global Real Estate Property Management Software Market size is estimated to grow by USD 414.3 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 5.97%  during the forecast period. Increasing focus on customer-centric business processes is driving market growth, with a trend towards increasing use of big data analytics. However, threat of open-source real estate property management software poses a challenge.Key market players include Accely Group. , Anton Systems Inc., AppFolio Inc., ARKA Softwares, Brainvire Infotech Inc., Chetu Inc., CoreLogic Inc., Entrata Inc., Fingent, Infor Inc., ManageCasa, Matellio Inc., MRI Software LLC, Planon Group, RealPage Inc., Rentec Direct, Salesforce Inc., TenantCloud LLC, Yardi Systems Inc., and Zillow Group Inc..

AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View your snapshot now

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Type (Integrated software and Standalone software), Deployment (Cloud based and On premises), Application (Residential, Commercial, and Industrial), and Geography (North America)

Region Covered

US

Key companies profiled

Accely Group. , Anton Systems Inc., AppFolio Inc., ARKA Softwares, Brainvire Infotech Inc., Chetu Inc., CoreLogic Inc., Entrata Inc., Fingent, Infor Inc., ManageCasa, Matellio Inc., MRI Software LLC, Planon Group, RealPage Inc., Rentec Direct, Salesforce Inc., TenantCloud LLC, Yardi Systems Inc., and Zillow Group Inc.

Key Market Trends Fueling Growth

Real estate property management software is a valuable tool for businesses in the real estate sector, particularly construction companies. Big data analytics is an emerging trend that is transforming the industry by providing valuable insights through data analysis. This information includes consumer search patterns, price trends, and historical data on property age, location, and condition. By analyzing this data, real estate companies can make informed decisions on investments, identify prime areas for high returns, and create accurate valuation models. Machine learning models can quickly evaluate the value of any property based on historical data. Additionally, AI and analytics can help identify potential tenants and buyers based on their preferences, budget, and location. Furthermore, big data analytics can aid in cost efficiency by analyzing procurement activities. These factors are driving the demand for real estate property management software, contributing to market growth during the forecast period. 

The Real Estate Property Management market is experiencing significant trends, with a focus on Rent Relief solutions to help property managers and housing associations navigate the current economic climate. SaaS, or Software-as-a-Service, and Cloud Computing continue to dominate the landscape, offering operational efficiency and flexibility. Artificial Intelligence (AI) and Generative AI are also making waves, improving data processing and enhancing property design and asset management. Property Managers, Real Estate Agents, and Housing Associations benefit from these advanced software solutions, which include virtual tours, rental applications, tenant relationships management, customer service portals, and e-payments. Additionally, Business Intelligence, Predictive Analytics, IoT, and E-commerce integration offer valuable insights and streamlined processes. Security, accounting, insurance proof tracking, electronic invoices, and multi-tenant websites are other essential features. Rentec Direct is a popular SaaS-based software provider offering an Owner Portal and Financial Management tools. 

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Market Challenges

The real estate property management software market in the US is experiencing significant competition from open-source software solutions. Open-source software offers several advantages, such as transparency due to accessible source code, cost savings, and scalability. Popular open-source options include Innago and Landlord Studio. These benefits make open-source software an attractive alternative to paid solutions for budget-conscious organizations. However, the market also faces a challenge from software piracy, which reduces sales and poses a threat to developers. Both open-source software and piracy are expected to impact the growth of the real estate property management software market in the US during the forecast period.Real Estate Property Management Software Market: Property Managers, Housing Associations, and Real Estate Agents face challenges in managing various property types, including student housing and commercial buildings. E-commerce trends demand virtual tours and rental applications, while tenant relationships require effective data management and customer service portals. Business Intelligence and Predictive Analytics help in Financial Management and Rent Collection. IoT and Smart Buildings offer Security benefits. SaaS-based Software and Cloud-based Solutions enable Digitalization in Urban Structures. Challenges include E-payments, Artificial Intelligence, Multi-tenant websites, Insurance Proof Tracking, Electronic Invoices, and Rentec Direct’s Owner Portal. Software Solutions must cater to the needs of Community Associations and Smart Cities. Overall, Real Estate Technology requires continuous innovation to meet the evolving needs of the industry.

Insights into how AI is reshaping industries and driving growth- Download a Sample Report

Segment Overview 

This real estate property management software market report extensively covers market segmentation by

Type 1.1 Integrated software1.2 Standalone softwareDeployment 2.1 Cloud based2.2 On premisesApplication 3.1 Residential3.2 Commercial3.3 IndustrialGeography 4.1 North America

1.1 Integrated software-  Real estate property management involves managing various applications and business processes. Integrated software, which combines different components into a single system, offers benefits in this industry. With an enterprise integration platform, applications can share a single database, enabling easy data management and real-time visibility. Integration is necessary in several scenarios, such as switching to a new database system, establishing a data warehouse, linking different systems, and integrating stand-alone systems. These benefits make enterprise application integration a preferred choice over custom approaches in real estate. The demand for integrated software in the real estate industry is increasing due to these factors, driving the growth of the real estate property management software market.

Download complimentary Sample Report to gain insights into AI’s impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 – 2022) 

Research Analysis

The Real Estate Property Management Software market is experiencing significant growth due to the increasing adoption of Software-as-a-Service (SaaS) solutions in the real estate industry. Cloud Computing technology enables these software solutions, making them accessible from anywhere, anytime. Artificial Intelligence (AI) and Generative AI are being integrated into property management software to streamline data processing and improve operational efficiency. Virtual tours, rental applications, and tenant relationships are being managed digitally, enhancing the customer experience. Data management, rent collection, security, data-driven decisions, accounting, multi-tenant websites, and insurance proof tracking are some of the key features of these software solutions, providing property managers with comprehensive tools to effectively manage their properties and tenants.

Market Research Overview

The Real Estate Property Management Software market is experiencing significant growth due to the adoption of Software-as-a-Service (SaaS) and Cloud Computing technologies. These solutions offer operational efficiency, data processing capabilities, and business intelligence for Property Managers, Housing Associations, Real Estate Agents, and more. The integration of Artificial Intelligence (AI) and Generative AI enhances predictive analytics, automates routine tasks, and improves tenant relationships. Virtual tours, rental applications, and customer service portals are becoming essential features, while IoT integration facilitates smart buildings and cities. SaaS-based software and cloud-based solutions cater to various property types, including residential, commercial, student housing, and commercial buildings. Digitalization, urban structure, and community associations also benefit from these advanced property management software solutions. Key features include rent collection, accounting, e-payments, multi-tenant websites, insurance proof tracking, electronic invoices, and financial management. Rentec Direct, with its owner portal accounting capabilities, is a popular choice. The future of property management lies in smart buildings, smart cities, and the continued integration of technology to streamline operations and enhance the overall experience for all stakeholders.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeIntegrated SoftwareStandalone SoftwareDeploymentCloud BasedOn PremisesApplicationResidentialCommercialIndustrialGeographyNorth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Technology

AI-Powered Earbuds Transforming North American Smart Offices: Exclusive Insights from viaim CPO at CES 2025

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LAS VEGAS, Jan. 10, 2025 /PRNewswire/ — At CES 2025 in Las Vegas, Liu Da, Chief Product Officer (CPO) of viaim, an AI technology hardware company deeply rooted in the smart office sector, gave an exclusive interview, sharing valuable insights into viaim’s exploration of the field of AI-powered earbuds, its innovative product concepts, and how the technology addresses common workplace challenges in North America. Mr. Liu also delved into the market potential of AI-powered earbuds and viaim’s strategic blueprint for shaping the future of smart offices, especially in the North American market.

North American business professionals have widely embraced remote and hybrid work models. The rise of multilingual communication has fostered a highly digitalized consumer landscape with diverse user needs, particularly for smart office solutions. In response, viaim is dedicated to developing practical AI solutions that alleviate repetitive and tiring office tasks. By addressing the evolving demands of North American professionals with its AI-driven innovations, viaim is advancing its global mission to transform work efficiency and productivity.

Unique advantages of AI-powered smart earbuds

In the interview, Mr. Liu said earbuds, being close to the user’s senses, are seamlessly integrated into daily life and serve as an ideal platform for AI technology. Unlike traditional office hardware, AI-powered earbuds are portable and versatile, fitting various scenarios such as remote meetings, commuting, and entertainment. He highlighted that viaim’s AI-powered smart office solutions position the Company to bridge the gap between people and devices, transforming earbuds from simple audio tools into smart office partners. 

viaim’s technology and design challenges during the R&D  phase

Mr. Liu detailed the challenges the Company faced during the R&D phase, including integrating AI computing power, storage, and sensors into earbuds with limited space while maintaining portability and battery life. He also highlighted the difficulty of balancing human auditory sensitivity with machine signal processing to ensure a natural user experience. To tackle these challenges, viaim employed multi-terminal collaboration, integrating earbuds, apps, and cloud services to ensure seamless voice processing and secure data management tailored to the needs of North American professionals.

Market potential, insights, and positioning in North America

A report from Upwork, the world’s largest work marketplace, projects 36.2 million Americans will work remotely in 2025, marking an 87% increase from pre-pandemic levels. AI-powered earbuds, with capabilities including meeting recording and follow-up task management, cater to the digitalized and multilingual North American market. As remote and hybrid work rises, AI earbuds are becoming vital for workplace efficiency and language learning. viaim stands out with a competitive strategy focused on technological innovation and market segmentation, offering unique value beyond traditional earbud brands.

Future strategy and product vision

Mr. Liu believes technology’s true value lies in solving real-world problems. “When users actively engage with our AI solutions, it demonstrates their true value,” he stated. AI earbuds remain the Company’s core focus, empowering professionals to shift their attention from routine tasks to meaningful creative endeavors. Looking ahead, viaim plans to expand its product lineup to include smart glasses and office accessories, creating a comprehensive AI office ecosystem. The Company aims to rapidly iterate based on user feedback, expanding AI earbuds from niche to mass markets and advancing industry development.

Media Contact: 

Qian Wang
+86-15321782927
wangqian@vision-intelligence.tech

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Steller Unveils Group Trip Planning

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KIRKLAND, Wash., Jan. 10, 2025 /PRNewswire/ — Steller, a video-based, travel planning platform that allows travelers to discover, connect and book based on experiences shared by creators, introduced its most requested feature yet: group trip collaboration. The feature transforms how travelers plan group trips by consolidating everything—discovery, communication, organized planning, and booking—into one platform. 

Steller launches group trip planning, streamlining discovery, communication, and booking into one collaborative platform.

Traditional Trip planning involves multiple surfaces and when traveling with others, multiple communication channels. It is difficult to stay organized when communication is spread across text messages, social DMs, email, etc.  

Steller’s new collaboration feature eliminates communication chaos and streamlines trip planning by offering a central group hub for organizing every piece of the process. Travelers can invite others to join their Trip itinerary, keeping communication, discovery, and booking in one place. With Steller’s library of more than 30 million pieces of user generated travel content, groups can share videos of activities, dining spots, attractions, add notes, and co-create custom itineraries. Flexible itinerary views—list, map, and video—give everyone a complete picture of the plan to share and edit with their travel companions.

“Collaborative trip planning has been a top request from our community.  When we launched Trips by Steller   last January, we knew it would resonate, but the response has far exceeded expectations. In a short time, over 50,000 users have planned and booked trips by incorporating their favorite user-generated travel videos into personalized itineraries. For our destination clients,  Trips by Steller has seamlessly connected travel influencer marketing to planning and commerce. Steller clients see more than 18% of viewers who engage with their influencer campaigns planning trips to their destination—a result that sets a high bar in the travel industry. Adding collaboration to the mix amplifies that impact, inspiring more people to explore, engage and transact together!” said Pete Bryant, CEO of Steller. 

How It Works  

Whether it’s a getaway for two or a large group adventure, collaboration makes organizing travel plans easy with an all-in-one solution. 

Build Your Itinerary Together: Group members can contribute by adding things to do, activities, and notes.Stay Organized: Add notes and structure by day, activity, or group to eliminate confusion.Flexible Views: View your itinerary as a detailed list, on a map, or through video for a fully customizable planning experience.Real-Time Updates: Keep track of changes, additions, and edits made by group members.On-the-Go Access: Everyone can access the itinerary on their phone.

Steller continues to lead the charge in innovative travel planning, ensuring that its platform evolves based on user feedback. Collaborative trip planning is the latest step in its mission to evolve travel. 

About Steller 

Steller, headquartered in Kirkland, Wash., is the market leading travel planning platform that guides travelers from inspiration to planning and booking through authentic experiences of their favorite creators. Steller’s patent pending platform distributes millions of pieces of bespoke, worldwide video content that can be found and booked on the Steller app. Learn more at www.steller.co  and  stellerforbusiness.com

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RAAPID Raises Series A from M12, Microsoft’s Venture Fund to Scale Next-Generation Healthcare Risk Adjustment

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Company reports 300% revenue growth in 2024 and advances partnerships with nation’s leading health systems

LOUISVILLE, Ky., Jan. 10, 2025 /PRNewswire/ — RAAPID, the industry-leading healthcare AI company, announced today a significant Series A investment from M12, Microsoft’s venture fund. This strategic funding positions RAAPID to expand its groundbreaking Neuro-symbolic AI platform that is reshaping healthcare risk adjustment.

RAAPID’s explosive growth – marked by a 300% revenue increase in 2024 – demonstrates the market’s strong validation of its advanced technology platform. The company has quickly established itself as a trusted partner for major health plans and provider., At the core of RAAPID’s success is its pioneering VisionAI technology, which tackles one of healthcare’s most pressing challenges: making sense of unstructured medical data. While over 70% of medical records exist as unstructured data when shared outside EHRs, RAAPID’s AI engine transforms this complex information into actionable insights, enabling unprecedented accuracy in risk capture and care gap identification.

“Our vision extends beyond traditional risk adjustment,” states Chetan Parikh, Founder and CEO of RAAPID. “We’re creating a future where AI augments healthcare professionals’ capabilities, leading to better patient outcomes and more accurate appropriate reimbursements. This investment from M12 accelerates our mission to transform healthcare through advanced AI.”

RAAPID’s purpose-built Risk Adjustment platform has achieved remarkable results:

Slashing chart review time by 60-80%Surpassing industry standards with 95%+ coding accuracyGenerating additional appropriate and compliant revenue per memberImproving risk capture accuracy by 25%

The HITRUST-certified platform stands out for its unique Neuro-symbolic AI approach, combining neural networks with an extensive medical knowledge graph containing over 4 million clinical entities and 50 million relationships. This sophisticated technology enables both retrospective analysis and prospective risk adjustment, helping organizations identify and address care gaps to positively impact patient health.

“Healthcare organizations are increasingly seeking innovative solutions to manage risk and improve care delivery in value-based arrangements,” said Todd Graham, Managing Partner at M12. “RAAPID’s AI-driven risk adjustment platform aligns perfectly with our investment strategy. Through M12, we are committed to providing our portfolio companies with access to Microsoft’s resources and expertise to drive significant impact in the healthcare sector.

Led by a team with over 25 years of healthcare technology expertise, RAAPID has collaborated with experts from the top 4 tech giants in developing its clinical AI solutions. RAAPID continues to push the safe boundaries of what’s possible in healthcare AI. The company’s selection as an M12 portfolio company validates its position as a leader in healthcare technology innovation.

As value-based care becomes increasingly important, RAAPID’s AI-powered solutions are becoming essential tools for healthcare organizations striving to improve timeliness and quality of care all patients expect. With this new funding, RAAPID is poised to further advance its technology and expand its positive impact on patients, providers and payers.

About RAAPID
RAAPID develops AI-powered solutions for healthcare payers, providers, and supporting organizations. The company’s cloud-based risk adjustment platform uses neuro-symbolic AI to identify chronic conditions, determine HCC codes, calculate risk scores, and analyze population health trends. RAAPID serves organizations that participate in Medicare Advantage, ACA, Medicare ACO, and Medicaid programs.

For more information about RAAPID’s AI-powered risk adjustment solutions, visit www.raapidinc.com

CONTACT:
Mayur Vyas
(502) 699-3044
388583@email4pr.com

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