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DUBLIN, September 13, 2022 (GLOBE NEWSWIRE) — “UAE & Saudi Arabia Property Management Software Market Report: Industry Size, Share, Growth and Demand Forecast to 2030” report added to ResearchAndMarkets.com’s supply.
The market is hitting new peaks due to increased investment in construction. For example, the UAE government has authorized a budget of $15.5 billion to promote health, social, infrastructure and cultural initiatives in the country, as well as educational development. Additionally, in 2020, Dubai approved $544.5 million in funding for 29 projects to add 8 million square meters of parks and green spaces in commercial and residential areas.
Given that, the Saudi Arabia property management software market size is valued at USD 37 million in 2021. The market is growing due to several factors, including the advancement of construction activities, the need to handle property management remotely, and the growing demand for a SaaS model for property management. On top of that, the Saudi Arabian Ministry of Municipal and Rural Affairs has launched a smart city program in line with the Saudi Vision 2030 and National Transformation Plan 2020.
In the property management software market in the UAE and Saudi Arabia, the revenue share of the solutions category is expected to exceed 70% in 2021. This is mainly due to the increasing demand for digital property management businesses, the desire to limit the number of meetings to be held as much as possible, and the increased need for virtual colleagues and managers to collaborate. Additionally, solutions help businesses manage customers methodically and provide simple payments and digital financing.
One of the major innovations in the software business is cloud technology, which has revolutionized the way software programs are distributed to customers. Thanks to this shift, software engineers can now focus on the technical aspects of their jobs while outsourcing management to cloud service providers. The SaaS model has many advantages that will drive the future growth of the property management software market in the UAE and Saudi Arabia, such as reduction in infrastructure expenses and remote access.
REACH by RentCafe is a comprehensive multifamily property management digital marketing company founded by Yardi in August 2021. REACH provides website creation services for businesses and properties, as well as custom design materials such as logos and email templates. Through search marketing, creative and strategic analysis, it can also help clients reach more tenants, increase marketing success and reduce unnecessary spending.
Likewise, RealPage Inc. launched On-Call Live Tours in March 2021 as part of its new Peak Performance (P2) virtual rental package. Users can take personalized online tours and interact with high-quality 3D (3D) floor plans, drone footage, site maps, and imagery.
Key players in the UAE and Saudi Arabia property management software market include
- rental manager
- Construction LLC
- Log in
- RMS Cloud
- Pennier Technology LLC
- guest company
- Simplified Vacation Rental Software
- Reisman LLC
- Virtual Dusk Media Solutions LLC
- Interstrata
- RealPage Corporation
- Yadea Systems
- AppFolio
Key topics covered:
Chapter 1 Research Background
1.1 Research objectives
1.2 Market Definition
1.3 Scope of the study
1.4 Key stakeholders
Chapter 2 Research Methodology
2.1 Secondary research
2.2 Preliminary study
2.3 Market Size Estimate
2.4 Data triangulation
2.5 Currency exchange rate
2.6 Notes and Notes
Chapter 3 Executive Summary
Chapter 4 Market Indicators
4.1 The growing real estate sector in UAE and Saudi Arabia
Chapter 5 Definition of Market Segments
5.1 Definition of market segments
5.1.1 By Components
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 Appointment 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 Local
5.1.3 By End User
5.1.3.1 Property Manager
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 Other
Chapter 6 Industry Outlook
6.1 Market Dynamics
6.1.1 Trends
6.1.1.1 Application of advanced technology of property management software
6.1.2 Drivers
6.1.2.1 Increase construction activities
6.1.2.2 Rising demand for property management SaaS model
6.1.2.3 Changing requirements for workplace mobility
6.1.2.4 Impact Analysis of Driving Factors on Market Forecast
6.1.3 Constraints
6.1.3.1 Lack of technical skills
6.1.3.2 Insufficient awareness of property management software
6.1.3.3 Analysis of the impact of constraints on market forecasts
6.2 Impact of COVID-19
6.3 Value Chain Analysis
6.4 Porter’s Five Forces Analysis
Chapter 7 UAE Market Entry Strategies
7.1 Policy and Regulatory Landscape
7.1.1 Introduction
7.1.2 Merge local entities
7.1.3 Opening a branch or representative office
7.1.4 Establishment of Free Zone Entities
7.1.5 Holding companies
7.1.6 Commercial agency relationship
7.1.7 General legal considerations
7.2 PESTLE Analysis
7.2.1 Politics
7.2.1.1 Pre- and post-setup support, fast and automated registration and licensing
7.2.1.2 100% foreign company ownership
7.2.1.3 Corporate tax
7.2.2 Economy
7.2.2.1 Increase investment to develop infrastructure and utilities sector
7.2.2.2 Government Promotions and Events Services, Licensing, Funding, Events
7.2.3 Sociology
7.2.3.1 Cultural diversity
7.2.3.2 Comfortable Lifestyle
7.2.4 Technology
7.2.4.1 Innovation and adoption of new technologies
7.2.4.2 National wealth, a key factor
7.2.5 Legal
7.2.5.1 Intellectual Property
7.2.5.2 E-Commerce License
7.2.6 Environment
7.2.6.1 Environmental permit requirements
7.2.6.2 Adverse weather conditions
7.3 Analyst Recommendations
Chapter 8 Saudi Arabia’s Market Entry Strategy
8.1 Policy and Regulatory Landscape
8.1.1 Government Profile
8.1.2 Legal and judicial system
8.1.3 Foreign investment
8.1.4 Merging local entities
8.1.5 Limited Liability Company
8.1.6 Joint stock companies
8.1.7 Branches of foreign companies
8.1.8 Investment exit
8.1.9 Commercial agency relationship
8.1.10 General legal considerations
8.2 PESTLE Analysis
8.2.1 Politics
8.2.1.1 Relaxation of ownership and investment regulations
8.2.1.2 Corporate tax
8.2.2 Economy
8.2.2.1 Increasing the contribution of trade and e-commerce
8.2.2.2 Promoting domestic investment and the private sector
8.2.3 Social
8.2.3.1 The world has the largest youth population
8.2.3.2 Human rights violations
8.2.4 Technology
8.2.4.1 Automation and Enhanced Data-Driven Technologies
8.2.4.2 R&D
8.2.5 Legal
8.2.5.1 Commercial License
8.2.5.2 Intellectual Property
8.2.6 Environment
8.2.6.1 Environmental regulations
8.2.6.2 Tourism
8.3 Analyst Recommendations
Chapter 9 UAE 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 Components (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 Products
11.2 Market Share Analysis of Key Players
11.3 Recent Strategic Developments of Key Players
Chapter 12 Company Profile
12.1 Business Overview
12.2 Products and service offerings
12.3 Key Financial Highlights
For more information on this report, please visit https://www.researchandmarkets.com/r/hf1pv6
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