PROPERTY MANAGEMENT SOFTWARE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Key Developments

• In March 2024, CoreLogic a leading global property information, analytics, and data-enabled solutions provider, announced a strategic alliance with LandGate, a U.S.-based data solutions provider for commercial real estate and energy. This collaboration aims to enhance real estate and energy analytics by combining LandGate's innovative data and Software-as-a-Service (SaaS) platform for asset analysis concerning renewable energy, carbon, and minerals with CoreLogic's robust property data and insights. The alliance would provide a comprehensive solution that benefits various stakeholders in the real estate and energy sectors, enabling better-informed decisions and helping identify optimal sites for renewable energy solutions.
• In July 2023, Entrata, Inc., a leading operating system provider for the multifamily housing industry, announced the acquisition of Rent Dynamics, a prominent provider of resident rent reporting and financial resources. This strategic initiative enables Entrata, Inc. to expand its service offerings and strengthen its position in the property management sector by providing enhanced tools for rent reporting and financial management, ultimately benefiting residents and improving their financial health. The integration of Rent Dynamics' solutions will allow residents to access valuable financial tools and support their journey toward building credit and achieving long-term financial stability.
• In December 2021, Oracle Corporation, a multinational computer technology company, announced the impending global implementation of its newly launched OPERA Cloud Property Management Software System across hotels. This innovative software aims to enhance hotel operations and deliver exceptional guest experiences, as hotels worldwide are increasingly adopting Oracle Hospitality's OPERA Cloud to streamline their management processes and improve service quality.
• In April 2021, Entrata Inc., a leading provider of property management software for the multifamily industry, announced the integration of Amazon's Alexa for Residential into its platform. This innovative interface allows property managers to set up and manage Alexa-enabled devices in residential units, enabling voice-controlled smart home functionality for residents from the moment they move in.