Dublin, Sept. 13, 2022 (GLOBE NEWSWIRE) -- The "U.A.E. & Saudi Arabia Property Management Software Market Report: Industry Size, Share, Growth and Demand Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
Due to the rise in the investment in the construction industry, the market is touching new peaks. For example, the U.A.E. government has authorized a $15.5-billion budget to promote health, social, infrastructure, and cultural initiatives, as well as educational development in the country. Moreover, in 2020, for adding 8 million square meters of parks and green spaces to commercial and residential areas, funding of $544.5 million was approved in Dubai for 29 projects.
Whereas, in 2021, the Saudi Arabia property management software market size stood at $37.0 million. There are several factors for the market growth, including the advancing construction activities, need for property management to be handled remotely, and rising demand for the SaaS model of property management. Above all, the Ministry of Municipal and Rural Affairs of Saudi Arabia has started smart city initiatives under the Saudi Vision 2030 and the National Transformation Program 2020.
In the U.A.E. and Saudi Arabia property management software market, the solutions category was predicted to have a revenue share of more than 70% in 2021. This was mostly due to the increasing demand for digital property management operations, the desire to limit the number of meetings as much as feasible, and the need to improve virtual colleague and manager cooperation. Furthermore, solutions assist businesses in methodically managing their clientele and providing simple payment and digital financing.
One of the main innovations in the software business is the cloud technology, which has drastically changed the way software programs are distributed to clients. As a result of this shift, software engineers may now concentrate on the technological aspects of their work, while outsourcing the administration to cloud service providers. There are many advantages of the SaaS model that will advance the U.A.E. and Saudi Arabia property management software market growth in the future, such as reduced infra expenses and remote access.
REACH by RentCafe, a comprehensive digital marketing company for multifamily property management, was established by Yardi in August 2021. REACH provides website creation services for businesses and properties, as well as bespoke design materials, such as logos and email templates. Via search marketing, creative, and strategy analysis, it also assists clients in reaching more tenants, improving marketing success, and reducing unnecessary expenditure.
Similarly, RealPage Inc. introduced On-Call Live Tours in March 2021 as part of its new peak performance (P2) virtual leasing package. Users may take a personalized online tour and interact with high-quality three-dimensional (3D) floor plans, drone footage, site maps, and images.
Key players in the U.A.E. and Saudi Arabia property management software market include
- Rent Manager
- Buildium LLC
- Lodgify
- RMS Cloud
- Peniel Technology LLC
- Guesty Inc
- Streamline Vacation Rental Software
- ResMan LLC
- Virtual Dusk Media Solutions LLC
- Entrata Inc
- RealPage Inc
- Yardi Systems Inc
- AppFolio Inc
Key Topics Covered:
Chapter 1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.4 Key Stakeholders
Chapter 2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Currency Conversion Rates
2.6 Notes & Caveats
Chapter 3. Executive Summary
Chapter 4. Market Indicators
4.1 Growing Real Estate Sector in the U.A.E. and Saudi Arabia
Chapter 5. Definition of Market Segments
5.1 Definition of Market Segments
5.1.1 By Component
5.1.1.1 Solutions
5.1.1.1.1 Lease accounting and real estate management
5.1.1.1.2 Asset maintenance management
5.1.1.1.3 Workspace and relocation management
5.1.1.1.4 Reservation management
5.1.1.1.5 Others
5.1.1.2 Services
5.1.1.2.1 Deployment and integration
5.1.1.2.2 Consulting
5.1.1.2.3 Support and maintenance
5.1.1.2.4 Service level agreement management
5.1.1.2.5 Others
5.1.2 By Deployment
5.1.2.1 Cloud
5.1.2.2 On-premises
5.1.3 By End User
5.1.3.1 Property managers
5.1.3.2 Housing associations
5.1.3.3 Others
5.1.4 By Application
5.1.4.1 Residential
5.1.4.2 Commercial
5.1.4.2.1 Construction and real estate
5.1.4.2.2 Government
5.1.4.2.3 Retail
5.1.4.2.4 Hospitality
5.1.4.2.5 Others
Chapter 6. Industry Outlook
6.1 Market Dynamics
6.1.1 Trends
6.1.1.1 Implementation of advanced technologies in property management software
6.1.2 Drivers
6.1.2.1 Increasing construction activities
6.1.2.2 Rising demand for SaaS model of property management
6.1.2.3 Evolving requirement of workplace mobility
6.1.2.4 Impact analysis of drivers on market forecast
6.1.3 Restraints
6.1.3.1 Lack of technical skills
6.1.3.2 Lack of awareness of property management software
6.1.3.3 Impact analysis of restraints on market forecast
6.2 Impact of COVID-19
6.3 Value Chain Analysis
6.4 Porter's Five Forces Analysis
Chapter 7. Market Entry Strategy in U.A.E.
7.1 Policy and Regulatory Landscape
7.1.1 Introduction
7.1.2 Incorporating a Local Entity
7.1.3 Opening a Branch or Representative Office
7.1.4 Setting Up a Free Zone Entity
7.1.5 Holding Companies
7.1.6 Commercial Agency Relationships
7.1.7 General Legal Considerations
7.2 PESTLE Analysis
7.2.1 Political
7.2.1.1 Pre and post set up support, fast and automated registration and licensing
7.2.1.2 100% foreign company ownership
7.2.1.3 Corporate tax
7.2.2 Economical
7.2.2.1 Increasing investments to develop the infrastructure and utility sectors
7.2.2.2 Government promotions and event services, permits, funding, campaigns
7.2.3 Sociological
7.2.3.1 Cultural Diversity
7.2.3.2 Comfortable Life Style
7.2.4 Technological
7.2.4.1 Innovation and adoption of new technologies
7.2.4.2 Country' wealth, a crucial factor
7.2.5 Legal
7.2.5.1 Intellectual property rights
7.2.5.2 E-commerce licenses
7.2.6 Environmental
7.2.6.1 Environmental clearance requirement
7.2.6.2 Harsh climatic conditions
7.3 Analyst Recommendations
Chapter 8. Market Entry Strategy in Saudi Arabia
8.1 Policy and Regulatory Landscape
8.1.1 Government's Overview
8.1.2 Law and Judicial System
8.1.3 Foreign Investment
8.1.4 Incorporating a Local Entity
8.1.5 Limited Liability companies
8.1.6 Joint Stock Companies
8.1.7 Foreign Companies Branches
8.1.8 Investment Exit
8.1.9 Commercial Agency Relationship
8.1.10 General Legal Considerations
8.2 PESTLE Analysis
8.2.1 Political
8.2.1.1 Ownership and investment regulations eased
8.2.1.2 Corporate tax
8.2.2 Economical
8.2.2.1 Increase the contribution of trade and e-commerce
8.2.2.2 Promoting domestic investments & private sector
8.2.3 Social
8.2.3.1 World's highest young population
8.2.3.2 Humans' rights violation
8.2.4 Technological
8.2.4.1 Automation and enhanced data-driven technologies
8.2.4.2 Research and development
8.2.5 Legal
8.2.5.1 Licensing to do commerce
8.2.5.2 Intellectual property rights
8.2.6 Environment
8.2.6.1 Environment regulations
8.2.6.2 Tourism
8.3 Analyst Recommendations
Chapter 9. U.A.E. Market Size and Forecast
9.1 Overview
9.2 Market Revenue, by Component (2017-2030)
9.3 Market Revenue, by Deployment (2017-2030)
9.4 Market Revenue, by End User (2017-2030)
9.5 Market Revenue, by Application (2017-2030)
Chapter 10. Saudi Arabia Market Size and Forecast
10.1 Overview
10.2 Market Revenue, by Component (2017-2030)
10.3 Market Revenue, by Deployment (2017-2030)
10.4 Market Revenue, by End User (2017-2030)
10.5 Market Revenue, by Application (2017-2030)
10.5.1 Commercial Application Market Revenue, by Type
Chapter 11. Competitive Landscape
11.1 List of Market Players and Their Offerings
11.2 Market Share Analysis of Key Players
11.3 Recent Strategic Developments of Key Players
Chapter 12. Company Profiles
12.1 Business Overview
12.2 Product and Service Offerings
12.3 Key Financial Summary
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