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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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SOURCE Technavio

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2024 WIC Wuzhen Summit to place heavy focus on AI

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BEIJING, Oct. 25, 2024 /PRNewswire/ — A news report from chinadaily.com.cn:

The 2024 World Internet Conference (WIC) Wuzhen Summit, which is set to take place from Nov 19 to 22 in Wuzhen, East China’s Zhejiang province, will focus heavily on artificial intelligence (AI), according to a press conference held in Beijing on Oct 24.  

Themed “Embracing a People-Centered and AI-for-Good Digital Future – Building a Community with a Shared Future in Cyberspace”, the summit will explore the key issues shaping the future of the internet.

According to the press conference, this year’s summit promises a fresh and dynamic agenda, introducing several new highlights while continuing in the best traditions of previous years.

A key addition to this year’s program is the newly established WIC Distinguished Contribution Award, which will recognize individuals and organizations that have made significant contributions to the global internet landscape. A grand awards ceremony will be held during the summit to honor the recipients.

In addition, the summit will see the formation of the WIC Specialized Committee on Artificial Intelligence (SC on AI). As the first specialized and permanent branch of the WIC, this committee aims to create an international platform for AI cooperation and exchange. The WIC Think Tank Cooperation Program will also be launched, expecting to embrace around 60 leading global think tanks in the internet sector.

Another notable development is the creation of the WIC Digital Academy, which will host the WIC Global Elite Training program. This initiative is designed to provide a platform for government officials, non-governmental organizations and business leaders from around the world, particularly from developing countries, to engage in international training programs.

The summit will feature an opening ceremony, main forum and 24 specialized sub-forums covering a wide range of topics, which will include the Global Development Initiative, the digital economy, open-source ecosystem development, data governance, AI innovation and governance, and youth and the digital future. 

Several of the Wuzhen Summit’s renowned events, including the World Internet Conference Awards for Pioneering Science and Technology, the Outstanding Cases of Jointly Building a Community with a Shared Future in Cyberspace, the Light of the Internet Expo, and the “Straight to Wuzhen” Competition, will also be elevated to a new level this year. During the summit, Zhejiang province will also host permanent characteristic activities.

Hosted by the WIC, the 2024 Wuzhen Summit will be organized by the People’s Government of Zhejiang Province and supported by prominent international organizations, including the United Nations Department of Economic and Social Affairs, the World Intellectual Property Organization, and the Global System for Mobile Communications Association.

View original content:https://www.prnewswire.com/news-releases/2024-wic-wuzhen-summit-to-place-heavy-focus-on-ai-302287065.html

SOURCE chinadaily.com.cn

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Flapone: Leading Drone Pilot Training Institute in India

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NEW DELHI, Oct. 25, 2024 /PRNewswire/ — The drone market in India is expected to grow to over US$ 4 billion by 2030, and there were more than 13,000 drones registered in India until 2023. Whether it is military, e-commerce, filming, infrastructure, or any other industry, drones have revolutionized the way these sectors operate by making operations faster and more efficient.

As the use of drones has increased rapidly, one cannot forget that the Government of India has made drone licenses mandatory for flying drones in India. It is a great step, as flying a drone without proper training can be quite risky.

Flapone is one of the most popular drone training institutes in India and offers a variety of Drone pilot training courses. The platform is India’s first integrated Aviation Academy for Aircraft & Drone Pilot Training, which means that whether the students want to learn how to fly drones or aircrafts; they can do that under one roof.

Hearing it from the Founder and CEO of Flapone, Mr Pankaj Agarwal, on how they have simplified the drone pilot training process in India, “Our mission is to provide world-class training to our students while ensuring the highest safety standards.

“We aim to make sure every student feels confident and well-prepared to operate drones and aircrafts professionally. By offering both drone and aircraft pilot training under one roof, Flapone ensures that aspiring pilots have access to the best resources and guidance to succeed in the aviation industry.”

He further stated the factors that make Flapone the best aviation academy in India:

DGCA-Approved

It is critical to learn drone flying from training institutes in India that are approved by the Directorate General of Civil Aviation (DGCA), Government of India, to obtain proper certifications. Flapone is a DGCA-approved institute, ensuring that all courses meet the regulatory standards and guidelines set by the aviation authority. This approval guarantees that the training provided is not only up to date, but also aligned with the highest safety and operational standards.

The institute is equipped with cutting-edge technology and training equipment to provide an immersive learning experience for students.

Not only this, the platform also collaborates with leading organizations and industry experts to offer guest lectures, workshops, and multiple training sessions.

Wide Variety of Courses

When it comes to drone pilot training, the platform provides a wide variety of courses. From weekend drone pilot training to in-depth drone training courses, the platform is filled with drone pilot training courses suitable for all age groups.

All the courses are designed in such a way that they are in-depth yet easy to understand, so even beginners can grasp the fundamentals of drone flying. The institute helps students learn drone training within 5 days, which is quite helpful and boosts the student’s confidence.

The courses equally focus on theory and practical lessons to provide a complete learning experience and ensure that students are well aware of all the aspects of drone flying.

Experienced Trainers

The course can only be helpful and valuable if the trainers are equally capable and the company understands it. That’s why they have hired and partnered with the best instructors in the industry. The instructors have more than 18 years of experience in the aviation industry and provide proper guidance to enhance the learning experience.

With their in-depth knowledge and hands-on expertise, they ensure that every trainee gets complete, real-world insights. Their dedication to personalized teaching helps trainees grasp complex concepts and excel in their aviation careers.

Affordable Pricing

The institute is one of the most budget-friendly drone training institutes in India, offering top-notch training at competitive rates. Despite its affordability, the institute does not compromise on the quality of education or facilities. The courses are designed to provide exceptional value, making professional drone training accessible to a wider audience.

About the Company

Flapone is one of the leading drone training institutes in India. The platform has more than 3 centres across the country and has trained more than 1,000 pilots. With a strong focus on safety, innovation, and industry-relevant skills, Flapone is committed to providing high-quality training for both beginners and experienced professionals. The institute’s top-notch facilities and experienced instructors ensure that every trainee is well-prepared to excel in the rapidly growing drone industry.

Contact Info: 

Flapone Aviation

Address: E-551, 2nd Floor, Ramphal Chowk, Sector -7, Dwarka, New Delhi-110075 (near Palam & Dwarka Sector-9 metro station).

Phone: 08048734634
Email: info@flapone.com 

https://www.facebook.com/flapone
https://www.linkedin.com/company/flaponeaviation/
https://www.instagram.com/flaponeaviation/

 

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SK chemicals’ Video Featuring Circular Recycling Technology Wins Gold Medal at “2024 International Business Awards”

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Award-winning Video Showcases Vision and Solutions in Circular Recycling BusinessAcclaimed for “Effectively Presenting SK chemicals’ Innovative Recycling Solution”

SEONGNAM, South Korea, Oct. 25, 2024 /PRNewswire/ — SK chemicals’ video showcasing its proprietary Circular Recycling technology has received high acclaim at an international competition.

SK chemicals (CEO & President: Ahn Jae-hyun) announced on 25th that its video “SK chemicals Closed Loop Solution in 2024 Chinaplas” won the Gold Medal in the video category at the “2024 International Business Awards (2024 IBA).”

The IBA is the only global competition in the business sector that evaluates companies and organizations worldwide across 15 categories, including management, growth, and promotional activities conducted over a year. Organized by the U.S.-based Stevie Awards company since 2003, it is also known as the “Stevie Awards.”

The 2024 IBA received over 3,600 entries from 62 countries, with SK chemicals winning the Gold Medal in the technology segment of the video category.

“SK chemicals Closed Loop Solution” is a video content showcasing the plastic circular recycling technology and vision that SK chemicals unveiled at Chinaplas held in Shanghai last April.

The video intuitively illustrates the process of transforming waste plastics, previously destined for landfills or incineration, into products identical to petroleum-based plastics through a collection, crushing, washing, depolymerization, and polymerization process. It then shows how these materials are used to create various products, including home appliances and food and beverage containers.

The video also clearly demonstrates the advantages of depolymerization-based circular recycling technology, which, unlike physical recycling limited to clean and transparent PET, can restore films, colored PET, and fibers to a quality equivalent to new products. It also presents a blueprint for establishing a new concept of a Closed-Loop system that reduces waste by using circular recycling technology to transform automotive and home appliance parts back into their original components and clothing back into new garments.

Regarding “SK chemicals Closed Loop Solution,” a 2024 IBA judge praised, “It effectively conveys the company’s innovative circular recycling solution through high-quality animation.” The judge also mentioned that the content clearly captures SK chemicals’ vision to expand its recycling business.

Kim Hyoun-dong, Head of Communications at SK chemicals, stated, “We focused on explaining the somewhat unfamiliar circular recycling business in an accessible manner to inform customers and plastic users about the necessity of products incorporating circular recycling technology.” He added, “We will continue our efforts to expand the scope of the recycling business while also raising awareness to engage all stakeholders in addressing plastic-related issues.”

The video (SK chemicals Closed Loop Solution in 2024 Chinaplas) is available on SK chemicals’ official YouTube channel.  

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