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Thursday, June 24, 2021

Cloud Billing Market Key Drivers, Size, Share, Trends, Growth, Future Scope Analysis and Forecast To 2027

Cloud Billing Market Research Report: Information By Type (Subscription Billing, Cloud Service Billing, Metered Billing, One Time and Provisioning), Deployment (Public Cloud, Private Cloud and Hybrid Cloud), End User (BFSI, IT & Telecom, Energy & Utility, Healthcare, Media & Entertainment, Retail, Transportation & Logistics and Others), Region (North America, Europe, Asia-Pacific, Middle East & Africa and South America) - Forecast till 2027

Market Overview

According to Market Research Future, the Global Cloud Billing Market has been segmented based on Component, Type, Deployment and Region.

The process of generating bills using resource data with predefined billing policies is referred to as cloud billing. The purpose of having a cloud billing component is to provide an interface for generating usage bills. The end-users of the cloud billing service module enable service-oriented architecture that comprises both functional and non-functional requirements. The functional requirements include a quote service, conversion functions & policies, payment schemes, and user identification, whereas the non-functional requirements include security, scalability, standards, and fault tolerance. Cloud billing in an organization benefits by lowering overall investment, higher scalability & service availability, and secured services.

Based on type, the global cloud billing market has been divided into subscription billing, cloud service billing, metered billing, one-time, and provisioning.

Based on deployment, the global cloud billing market has been divided into public cloud, private cloud, and hybrid cloud.

By end user, the global cloud billing market has been divided into BFSI, IT & telecom, energy & utility, healthcare, media & entertainment, retail, transportation & logistics, and others.

The cloud billing market has been analyzed for five regions—North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.

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Regional Analysis

By region, the cloud billing market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.

North America is expected to be the largest contributor to the cloud billing market mainly due to the higher adoption of cloud billing solutions and services among industry verticals such as BFSI, IT & Telecom, and media & entertainment, a large number of cloud-based services providers offering IaaS, PaaS, and SaaS and major industry players operating in the region.

Key Players

The key players in the global cloud billing market are Zuora Inc. (US), IBM Corporation (US), Cerillion (UK), AMDOCS (US), Oracle (US), Amazon Web Services, Inc. (US), NEC Corporation (Japan), SAP SE (Germany), Aria Systems, Inc. (US), Cloudability (US), Jamcracker, Inc. (US), FinancialForce (US), ReckNap (US), CLOUD ASSERT LLC (US), and Tridens d.o.o. (Slovenia).

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About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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Pervasive Computing Technology Market Size, Share, Growth Rate, Trends, Analysis, Future Scope, Forecast To 2027

Global Pervasive Computing Technology Market Research Report: By Components (Hardware, Software), Hardware (Smartphone, Communication Devices, Servers), Technology (Wi-Fi, WLANS, 4G/LTE), Applications (Security, Privacy) – Forecast Till 2027

Market synopsis

Global Pervasive Computing Technology Market 2020 is increasing, and the crucial factors to it are surging demand for smart devices supported by the plummeting cost of data communication, a gradual shift towards 5G technology, and the use of artificial intelligence. An increase in the number of market players and massive investments are bolstering the growth prospects in the forecast period. The global pervasive computing technology market 2020 will remain stead strong, owing to the increasing customer demand for electronic devices and internet-of-things. The increasing machine to machine communication is another important factor that drives the global pervasive computing technology market. Pervasive computing technology involves the communication of several smart devices with each other without human interference seamlessly through a communication channel assisted by internet connectivity. Several technologies that contribute to pervasive computing are wireless communication, networking, security, information access, voice recognition, artificial intelligence, etc.

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Market segmentation

The global, pervasive computing technology market has been segmented on the basis of application, components, technology, and region.

On the basis of application, the global pervasive computing technology market can be divided into gesture recognition, information access, mobility & networking, multimedia document retrieval, security, speech recognition, text retrieval, and privacy & management.

On the basis of components, the global pervasive computing technology market can be divided into hardware, software, and solutions. Hardware has been sub-segmented into Bluetooth handsfree, cameras, communication devices, sensors & actuators, servers, smartphones, smart wearable devices (watch cameras & watch phones), softphone, and the webserver.

On the basis of technology, the global pervasive computing technology market can be divided into 3G, 4G, WiFi, and Wireless Local Area Networks (WLANs).

On the basis of region, the global pervasive computing technology market can be classified into Europe, North America, Asia Pacific, and the Rest of the World (RoW).

Regional analysis

The geographical analysis of North America, Asia Pacific, Europe, and the Rest of the world (RoW) has been performed. As per the analysis, the North American market acquires the largest market share and is estimated to grow at the fastest pace in the forecast period due to the surging use of smartphones among people, the presence of several key market players, and technological upgradation. USA, Canada, and Mexico are the most important country-specific markets in this region.

Apart from North America, Europe is another key market that is estimated to burgeon during the forecast period. The presence of many key players and technological upgradation that is second only to North America is contributing to the expansion in the region. Germany and UK are the vital country-specific markets, followed by the Rest of the European countries.

The Asia Pacific region consists of the fastest-growing nations like India, Japan, and China. These regions are likely to expand at the highest rates in the forecast period. The expansion of the market is due to the advancements in the consumer electronics industry. Other Asia Pacific countries are likely to follow the same trend.

In the Rest of the world (RoW) region, Latin America and Middle East & Africa (MEA) are estimated to grow steadily pertaining to technological advancements and slowly increasing the usage of cloud services.

Key Players:

The forefront players of the global pervasive computing technology market are International Business Machines Corporation (USA), Microsoft Corporation (USA), Hewlett-Packard Company (USA), SAP SE (USA), Oracle Corporation (USA), AT&T Inc. (USA), Cloudera (USA), E-Tron Co. Ltd (South Korea), Fujitsu Ltd. (Japan), Tata Consultancy Services Limited (India) and others.

Industry News

Researchers from Samsung Research America got the ‘Best Industry Paper Award’ at the Institute of Electrical and Electronics Engineers (IEEE) at the International Conference on Pervasive Computing and Communications 2020. PerCom is a public venue in the field of pervasive computing and communications.

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Wednesday, June 23, 2021

AI in Insurance Market Analysis|COVID-19 Impact, Demand, Industry Size, Top Players, Opportunities, Sales, Revenue and Regional Forecast till 2027

Global AI in Insurance Market Research Report: by Component (Hardware, Software, Service), by Technology (Machine Learning and Deep Learning, Natural Language Processing (NLP), Machine Vision, Robotic Automation), By Deployment (On-Cloud, On-Premise), By Application (Claims Management, Risk Management and Compliance, Chat bots, Others), By Sector (Life Insurance, Health Insurance, Title Insurance, Auto Insurance, Others), By Region (North America, Europe, Asia-Pacific, Middle East and Africa, South America) - Forecast till 2027

Market Overview

The penetration of AI in insurance processes, especially in developed economies, is estimated to bolster the in the insurance market 2020. The ICT industry reports are produced by Market Research Future, which highlights market options for expansion. An impressive CAGR is forecasted for the global market in the forecast period.

The requirement of staying competitive in the market is forecasted to spur the AI in the insurance market share in the future. The escalating quantity and pace of data generation are anticipated to benefit AI in the insurance market in the approaching period.

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Segmental Analysis

The segmental review of the AI in insurance market has been carried out on the basis of application, technology, deployment, component, and sector. Based on the technology, the AI in the insurance market has been segmented into natural language processing (NLP), machine vision, machine learning, robotic automation, and deep learning. On the basis of component, the AI in the insurance market has been segmented into software, hardware, and services. Based on the deployments, the AI in the insurance market has been segmented into on-premise and on-cloud. The application-based segmentation of the AI in the insurance market includes personalized recommendation, risk management, and compliance, claims processing, chat bots, and others. By the sector, the AI in the insurance market has been segmented into health insurance, life insurance, title insurance, auto insurance, and others.

Detailed Regional Analysis

The regional evaluation of the AI in the insurance market includes regions such as Europe, the Middle East, South America, Asia-Pacific, North America, and Africa. The regional market in North America presently leads the global market. The US is credited for the biggest market share due to an extremely skilled workforce in enterprises and research & development ability, intended at developing AI technologies for insurance process quality. The European region comes second in the global market due to the growing adoption of digital technologies to automate business processes is inspiring the market growth in the European region. The Asia-Pacific regional market is expected to be the fastest-growing region in the forecast period. The AI in insurance market in the Middle Eastern & African and South American regions is also anticipated to develop at a considerable rate throughout the forecast period.

Competitive Analysis

The stress on enhancing the production potential and upgradation of the workforce are the top priorities to reinvigorate the development potential of the market in the coming period. The competitors present in the market are recalibrating their market share to open up new areas of development in the market. The establishment of robust distribution channels is estimated to define the development of the market in the future. The investment in robotic elements in the supply chain is estimated to be seen in the future to reduce the impact of the human capital on the long term market expansion. The state of the market is extremely indecisive due to the effect of the macro factors operating in the global economy. The road to the resurgence of the market is estimated to be extensive and arduous due to the degree of setbacks it has suffered. The prospects for growth in the market have to be carefully sought out and examined to ensure that they will ensure the favorable development of the market in the coming period.

The outstanding contenders in the AI in insurance market are PolicyPal (Singapore), Insurmi (US), Planck Re (US), Microsoft Corporation (US), IBM Corporation (US), Wipro Limited (India), BIMA (UK), Quantemplate (US), Cape Analytics LLC (US), Zurich Insurance Group (Switzerland), Amazon Web Services Inc. (US),Lemonade (US), Trov (Japan), ZhongAn (China), Acko General Insurance (India), Shift Technology (France), Slice (US), Insurify (US), Avaamo Inc (US), and Tractable (UK) are some of the other players in the market.

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IoT in Agriculture Market |COVID-19 Impact, Worldwide Analysis, Competitive Landscape, Future Trends, Opportunities, Sales, Revenue and Regional Forecast till 2027

Global IoT in Agriculture Market Research Report: By Component (Software, System [Sensing and Monitoring Systems, Fish Farming Systems, Smart Greenhouse Systems, Livestock Monitoring Systems, Automation and Control Systems, Others], Services), Application (Livestock Monitoring, Precision Crop Farming, Indoor Farming, Aquaculture, Integrated Pest Management, Water Supply Management and others) and Region (North America, Europe, Asia-Pacific, Middle East and Africa and South America) - Forecast till 2027

Market Overview

The primary need to control operation factors optimizing the use of water and pesticides is anticipated to promote the IoT in agriculture market 2020. The ICT industry reports are produced by Market Research Future, which highlights market options for expansion. A potential of USD 34.88 Billion with a CAGR of 13.6% approx. is forecasted by 2027.

The need to lessen water usage and greenhouse gas emissions is likely to push the growth of the IoT in the agriculture market share. The demand to increase the crop yields while curtailing the cost of production is estimated to raise the demand for the IoT in the agriculture market in the coming period.

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Segmental Analysis

The segmental insight into the IoT in the agriculture market has been conducted based on application, component, and region. Based on the component, the IoT in Agriculture market has been segmented into system, software, and services. Based on the applications, the IoT in the agriculture market has been segmented into precision crop farming, indoor farming, livestock monitoring, aquaculture, water supply management, integrated pest management, and others. Based on the regions, the IoT in the agriculture market is segmented into Europe, Asia-Pacific, the Middle East, North America, Africa, and South America.

Detailed Regional Analysis

The regional investigation of the IoT in the agriculture market has been carried out for regions of Europe, Asia-Pacific, the Middle East, North America, Africa, and South America. The North American region’s market has the biggest portion in the IoT in the agriculture market as the sellers in this region are funding extensively R&D activities, which has led to improvement of technologies in automation & control systems, sensing & monitoring systems, the use of IoT sensors for livestock monitoring, indoor farming, precision crop farming, and other purposes. The US shows the way for market development in the North American region as it has elevated digitalization in the agricultural sector, and it is anticipated that just about 80% of farmers employ smart farming technology. The intense weather conditions owing to climate change have caused loss of arable land and have subsequently given rise to elevated adoption of IoT for escalating the volume and quality of the crop yield.

Competitive Analysis

The currency inflow is estimated to be restricted in the upcoming period, which may create further problems for the overall market growth. The expansion of the market has currently come close to a standstill with government agencies and trade bodies, introducing a stimulus to pick up the pace of development in the global market. The planning and forecasting for human capital in the market is estimated to be a crucial area for focus in the years ahead. Advances in production style and technologies are estimated to gain precedence in the coming years as areas of innovation. The support provided by regulations is estimated to stave off the effects of the downturn considerably in the coming period. Current disequilibrium in the market forces has led to the market players adopting a more cautious approach to growth and development strategies. The recalibration of the supply chain is estimated to be another area for market expansion in the upcoming period.

The central companies in the IoT in the agriculture market are Dickey John (US), Cainthus (Ireland), Descartes Labs (US), Raven Industries (US), CropIn (US), Trimble Inc. (US), Scicrop (Brazil), Precisionhawk Inc. (US), Shivrai Technologies Pvt. Ltd (India), Proagrica (US), AG Leader Technology (US), Deere & Company (US), Rapidsoft Technologies Pvt. Ltd (US),IBM Corporation (US), Hexagon Agriculture (Sweden), DuPont Pioneer (US), Tigercat (US), Tree Metrics (Ireland), Decisive Farming (Canada), Topcon Corporation (Japan), Autonomous Tractor Corporation (US), Sky (Canada), Grownetics (US), Nileworks Inc. (Japan), and Gamaya (Switzerland).

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System Monitoring Market Outlook and Future Scope Analysis and Forecast Till 2027

Global System Monitoring Market Research Report: By Component (Solution [Application Monitoring, Server Monitoring, Network Monitoring, Cloud Monitoring, Others], Service [Professional Service and Managed Service]), Deployment Type (On-Premise and Cloud), Organization Size (Large Enterprise and Small & Medium-Sized Enterprise), Vertical (Banking, Financial Services and Insurance, IT & Telecom, Government, Energy and Utilities, Healthcare, Manufacturing and Others), Region (North America, Europe, Asia-Pacific, Middle East and Africa and South America) - Forecast till 2027

Market Synopsis

In its research study, Market Research Future (MRFR), emphasizes that over the forecast period, the global market 2020 is projected to rise exponentially, achieving a significant market valuation that surpasses USD 3.27 Billion recorded in 2018 and a healthy 10.6% CAGR over the review period.

Drivers and Restraints

Growth in outsourced IT infrastructure management and the need for accountable and compliance-based use of the framework are major factors that drive market development. Another main factor driving the global device monitoring market is the need for better optimisation of business operations. In addition, a lack of knowledge about device monitoring is expected to present a challenge to this market's growth. The concerns about data protection and privacy, as well as concerns about the use and access of intellectual property, are factors that restrict market development.

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Segmental Analysis

The global system monitoring market has been analysed based on component, organization size, deployment type, vertical, and region/country.

Based on the component, the global system monitoring market has been bifurcated into solution and services. The solution segment has been classified as network monitoring, application monitoring, server monitoring, cloud monitoring, and others. The services segment has further bee divided into professional services and managed services.

Based on the deployment type, the global system monitoring market has been bifurcated into cloud and on-premise.

Based on the organization size, the global system monitoring market has been bifurcated into small- and medium-sized enterprise (SME) and large enterprise.

Based on the vertical, the global system monitoring market has been divided into IT & telecom, banking, financial services and insurance, government, energy and utilities, manufacturing, healthcare, and others.

Regional Analysis

The global business regional analysis was conducted in four major regions including Asia Pacific, North America, Europe and the rest of the world.

North America has the largest market share as the corporations in this area have been world leader in technology advancement. Because of the rapid implementation of digital transformation, the US leads the market in North America; as a result, the country's need for accountable and compliance-based program use is rapid.

Owing to the strong demand for better optimisation of business operations between companies across verticals and managed service providers, Europe is projected to be the second-largest market during the review period.

During the forecast period Asia-Pacific is projected to be the fastest-growing region on the global device monitoring region. Growth in outsourced IT infrastructure management is key driver of Asia-Pacific market growth.

Competitive Analysis

The key market players operating in the global market as identified by MRFR are SolarWinds (US), ConnectWise Automate (US), Monitis.com (US), NinjaRMM (US), Continuum Managed Services (US), CA Technologies (US), Kaseya (Ireland), Oracle Corporation (US), Ipswitch (US), Red Gate Software Ltd (UK), Paessler AG (Germany), New Relic, Inc. (US), Microsoft Corporation (US), Nagios Enterprises, LLC (US), and Site24x7 (US). The major strategies implemented by most of the players are agreements, partnerships, and collaborations.

The other players in the Global System Monitoring Market include Panopta LLC (US), ScienceLogic (US), Datadog (US), ThousandEyes (US), and Exoprise Systems Inc. (US).

The global market for monitoring systems is experiencing a high growth as demand from various verticals such as business, energy and utilities, and IT and telecommunications is increasing. Major players have opted for alliances and new product development as their main strategies for organic growth to improve their market position and meet end-user demands across verticals.

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Computer-Aided Design (CAD) Market Trends, Global Analysis with Focus on Opportunities, Sales Revenue, Comprehensive Plans, Growth Potential & Forecast till 2027

Global Computer-Aided Design (CAD) Market Research Report: By Technology (3D and 2D), by Component (Solution, Services [Installation, Training and Implementation, System Integration and other Support Services]), By Deployment Mode (Cloud, On-Premise), Application (Surface Modelling, 3D printing, Reverse Engineering, Part Assembly), Industry (Automotive, Electrical and Electronics, Civil and Construction, Energy and Materials, Industrial Equipment and Media and Entertainment) and Region (North America, Europe, Asia-Pacific, Middle East and Africa and South America) - Forecast till 2027

Market Highlights

According to MRFR analysis, the Global CAD Market was valued USD 7.47 Billion in 2020 and is expected to reach USD 14.18 Billion by 2027, at a CAGR of 10.0 % during 2019–2025. Factors driving the growth of the market include rising government initiatives to develop smart cities that allows real-estate sector to build smart space buildings and infrastructure, rise in adoption of cloud-based 3D CAD software, 3D modeling in public infrastructure that includes energy and utilities and construction, and adoption of 3D printing in manufacturing sectors. Additionally, the integration of 3D CAD tools with virtual reality is expected to be one of the new revenue pockets for the CAD market during the forecast period.

On the other hand, the adoption of building information modeling (BIM) solutions and cloud-based CAD solutions may eventually lead to data breaches; these are likely to hinder the growth of the CAD market during the forecast period.

Segmental Analysis

The global CAD market has been segmented based on technology, component, deployment mode, application, industry, and region.

Based on technology, the CAD market is bifurcated into 3D technology and 2D technology. The 3D technology segment is expected to gain a larger market share in 2018 and expected to exhibit a higher CAGR during the forecast period. The market growth is attributed to better functionalities offered by 3D than 2D technology. This allows the engineers to develop rapid prototypes of the working models of a part followed by evaluating designs before the models are passed for large-scale manufacturing. However, the 2D technology is expected to register sluggish growth during the forecast period.

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By component, the global CAD market has been bifurcated into solutions and services. Furthermore, based on services, the CAD market has been subdivided into installation services, training and Implementation services, system integration services, and other support services. The solution segment is expected to be the higher market share in 2018 and is expected to grow at a significant rate during the forecast period. However, the services segment is expected to exhibit a higher CAGR during the forecast period owing to a lack of expertise in installing and implementing the 3D and 2D software. Also, dependence on third-party providers and an increase in the need for customized solutions are likely to drive the services segment in the CAD market during the forecast period.

By deployment model, the market has been segmented into cloud and on-premise. The cloud segment is presumed to be the higher growth rate in the market owing to the availability of seamless cloud-based solutions that can be easily integrated with various applications such as surface modeling and 3D printing segments. However, the on-premise segment is being still preferred over the cloud solution owing to security concerns.

Based on application, the market has been segmented into surface modeling, 3D printing, reverse engineering, part assembly, and others. Furthermore, the 3D printing segment accounted for the largest share in 2018 and is expected to register the highest CAGR. Increasing demand for better visualization experience and reduction in manufacturing cost and process downtime are some of the driving factors for the growth of the market, whereas the surface modeling segment is expected to exhibit a significant CAGR during the assessment period.

Based on industry, the global CAD market has been categorized into automotive, electrical and electronics, civil and construction, energy and materials, industrial equipment, media and entertainment, and others. The automotive segment accounted for the largest market share in 2018 owing to the increase in demand for developing a rapid prototype of the parts, thereby moving to large-scale production. This would eventually reduce the maintenance & repair costs and increase the efficiency of the product. However, the electrical and electronics segment is projected to register the highest CAGR during the forecast period. The market growth is due to the greater demand for flexible and wearable electronics products that require a flexible design in developing miniaturized electronic products.

Key Players

The key players in the Global CAD Market are identified by MRFR include Autodesk, Inc (US), Siemens PLM Software (France), Corel Corporation, (Canada), ANSYS, Inc (US), Trimble Inc (US), SmartDraw, LLC (US), PTC (US), ZWSOFT CO., LTD (China), Gstarsoft Co.,Ltd. (China), Encore Software (US), Hexagon AB (Sweden), Dassault Systèmes (France), Bentley Systems, Incorporated (US), Graebert GmbH (Germany), TurboCAD (US), and CAD International (Australia).

Regional Analysis

By region, the global CAD market has been segmented into North America, Europe, Asia-Pacific, the Middle East and Africa, and South America.

North America accounted for the largest market in 2018. The market in the region is driven by the US and Canada owing to the early adoption of cloud-based tools and the presence of a number of vendors offering enhanced CAD solutions that include Autodesk Inc, and Trimble Inc.

Asia-Pacific gained the third spot in the CAD market due to the increasing number of startups offering services in the emerging economies that include Indonesia, China, and India and government initiatives in developing smart infrastructure.

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Property Management Market Comprehensive Analysis, Business Opportunities, Development Strategy, Global Trends and Forecast

Global Property Management Market Research Report: By Component (Solution, Services), By Deployment (On-Premise, Cloud), By Application (Residential, Commercial), By End-user (Property Manager/Agent, Housing Association) By Region (North America, Europe, Asia-Pacific, South America, Middle East & Africa) - Forecast till 2027

Overview

Global Property Management Market is expected to reach USD 21.4 Billion by 2027, registering a CAGR of 7.3% during the forecast period 2020–2027. In this report, Market Research Future (MRFR) includes the segmentation and dynamics of the market to offer a better glimpse of the market in the upcoming years.

Increasing demand to efficiently manage the property portfolios among property managers is driving the overall market of property management systems. Moreover, growing demand for SaaS-based solutions and increasing investment in various technologies by property managers is driving the market. Property management solution is a software tool that helps the users in managing, monitoring, and analyzing various aspects of commercial or residential properties. These aspects include document and lease, tenant’s rent, asset management, and financial accounting. Property management solutions can be deployed on-premise or on cloud. The solution can also be integrated with the existing legacy software like Enterprise Resource Planning (ERP) and Customer Relationship Management (CRM) to provide more comprehensive insights to the end-users. Vendors operating in the market offer comprehensive property management solutions with advanced features like predictive analytics. For instance, IBM uses the capabilities of Watson analytics to provide insights about various trends like rent value, paying trend of tenants or business among others. A number of property managers and property management companies have been deploying these advanced property management solutions to improve and streamline their business operations. For instance, Liberty Management Inc., a property management firm providing its services in the San Antonio area in Texas, US, has been in partnership with AppFolio for eight years. AppFolio provides property management software to the company.

The adoption of property management is specifically increasing among property managers due to the flexibility it offers to them. Also, with the entry of various property management providers in the market, property managers have numerous vendors to evaluate before selecting the one, which in turn is intensifying competition in the market. Also, with the introduction of more affordable and comprehensive solutions in the market, the popularity of property management solutions has increased. All these developments have helped the market to grow at a significant pace in recent years and this trend is expected to continue in the upcoming years as well.

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Segmental Analysis

The Global Property Management Market has been segmented on the basis of Component, Deployment, Application, End-User, and Region.

Based on component, the property management market has been segmented into solution and services. The service segment has been further categorized into integration services, consulting services, and training and maintenance services. The solution component segment held the larger share in the year 2018 and is expected to remain so in the forecast period as well. In order to efficiently manage the property portfolio, property managers are significantly deploying property management solutions. Additionally, vendors operating in the market offer various features as a part of their property management solutions that help property managers and property management companies to streamline their overall business operations. For instance, SAP SE’s property and real estate management solution is a web-based tool that offers real-time integration with SAP ERP and SAP S/4HANA. The solution also offers real estate analytics that helps property managers as well as owners to take effective decisions about property location and property value.

Based on deployment, the market has been segmented into on-premise and cloud-based solution. The cloud-based property management solution held the larger share in the year 2018 and is expected to remain so in the forecast period. Cloud-based property management solution is affordable, scalable, and flexible thereby making the solution widely popular among small and mid-sized property managers.

Based on the application, the property management market has been divided into residential and commercial. Moreover, commercial sub-segment has been further categorized as retail, hospitality, office spaces, and others. The commercial application segment is expected to grow at the highest CAGR in the forecast period due to increasing demand for rental offices in the coming years. Based on end-user, the property management market has been segmented into property manager/agent and, housing association. The property manager end-user segment accounted for the larger share in the year 2018. A large number of property managers are deploying cloud-based solutions to effectively manage their day to day business operation which is expected to increase the demand for these solutions in the coming years.

Competitive Analysis

The prominent players operating in the property management market are Skyline property management, Re-Leased Software Company Ltd., Rosmiman Software Corporation, MRI Software LLC, Buildium, Yardi Systems, Inc., AppFolio, Inc., IBM, Oracle, SAP, Trimble Inc., RealPage, Inc., Accruent, Spacewell, and Chetu Inc.

Regional Analysis

The regional analysis for the global property management has been done for North America, Europe, Asia-Pacific (APAC), and the Middle East & Africa, and South America.

The market in North America accounted for the largest market share in 2018, and it is expected to register strong growth during the forecast period. The key driving factors for the growth of the property management market in the region include the growing demand for property management solutions among property managers operating in the US, Canada, and Mexico.

The market in Asia-Pacific is expected to grow at the highest CAGR during the forecast period. For the purpose of analysis, Asia-Pacific has been categorized into China, Japan, India, and the rest of Asia-Pacific. This growth can be attributed to the growing investment by property managers and property management firms in various technologies such as property management software, electronic payment solution, accounting and bookkeeping tools, electronic lease among others.

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https://telegra.ph/Perimeter-Protection-Market-Outlook-Strategies-Industry-Analysis-Future-Scope-Key-Drivers-Forecast-To-2027-06-22

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