U.S. Property Management Software Market Summary

The U.S. Property Management Software (PMS) market size was valued at USD 1,536.4 million in 2023 and is projected to expand at a CAGR of 7.7% from 2024 to 2030. The industry is experiencing transformative growth driven by significant trends, including the rise of workforce mobility and the rapid proliferation of smart buildings that are reshaping real estate management practices. Increasing adoption of smart buildings equipped with IoT-enabled sensors, connected devices, and automation systems that facilitate real-time data collection and analysis has been a major growth driver. PMS platforms are critical to harnessing these technologies, enabling property managers to remotely monitor, manage, and optimize building operations, including energy efficiency, security, and predictive maintenance.

This transformation not only drives operational efficiency and reduces costs but also enhances tenant experience through greater personalization, safety, and convenience. Such developments align with the broader shift toward intelligent, integrated, and data-driven real estate management solutions. Another key trend reshaping the U.S. PMS market is the rising adoption of the Software-as-a-Service (SaaS) delivery model. Real estate management companies increasingly prefer SaaS-based solutions owing to their flexibility, scalability, and affordability. The subscription-based pay-as-you-go model reduces upfront capital expenditures, allows businesses to scale according to portfolio size, and supports remote work and collaboration. Furthermore, SaaS providers emphasize robust data protection with encryption, multi-factor authentication, and regulatory compliance, which are critical in safeguarding sensitive property and tenant data.

Key Market Trends & Insights

• In terms of end users, the property managers/agents segment accounted for the largest revenue share of 38.1% in 2023. Their reliance on PMS is driven by the need to streamline multiple functions such as tenant and lease administration, rent collection, expense tracking, and maintenance coordination across diverse portfolios.
• From a deployment perspective, the cloud segment dominated the market with a 61.1% revenue share in 2023 and is expected to maintain its leadership throughout the forecast period. Cloud-based PMS solutions have become the preferred choice, offering scalability, mobility, remote accessibility, and real-time integration, which are increasingly essential for modern property management operations.
• The residential sector led the market with the highest revenue share of 59.1% in 2023 and is projected to maintain dominance between 2024 and 2030. The residential PMS segment offers vital functions such as automated tenant management, seamless communication between landlords and residents, online rent payment, maintenance requests, and compliance support. These features improve efficiency, reduce costs, and provide transparency to both managers and tenants.
• By component, the software segment held the largest revenue share in 2023 and is expected to remain dominant over the coming years. The COVID-19 pandemic accelerated digital adoption, compelling property managers and real estate enterprises to embrace centralized platforms to ensure business continuity, automate workflows, and enhance decision-making.

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Market Size & Forecast

• 2023 Market Size: USD 1,536.4 million
• 2030 Projected Market Size: USD 2,502.0 million
• CAGR (2024 - 2030): 7.7%

Key Companies & Market Share Insights

The competitive landscape is characterized by the presence of both established players and emerging innovators. AppFolio, Inc. is a prominent provider offering cloud-based solutions for property managers and real estate investment managers. Its flagship product, Property Manager, delivers end-to-end operational management, while its investment management suite supports investor relationship tracking. The company also offers website design, electronic payment solutions, and other value-added services, primarily targeting small and mid-sized businesses in the U.S.

Entrata, Inc. is another leading participant, offering an enterprise-level, cloud-based PMS platform with a wide range of features, including accounting, facility management, resident engagement, lease administration, and utility billing. Its software integrates tools such as online rent payments, renters’ insurance, and e-signatures to simplify workflows and boost operational efficiency for property owners and managers.

CoreLogic is emerging as a major player, focusing on advanced property insights and analytics. Its solutions cater to stakeholders across the real estate ecosystem, including realtors, insurers, lenders, and government agencies. With comprehensive databases covering property and mortgage records, liens, valuations, and geospatial data, CoreLogic enhances data-driven decision-making in real estate management.

MRI Software LLC is another key competitor, offering enterprise-level PMS and business management solutions. Its products cover budgeting, forecasting, investment analysis, portfolio modeling, and lease accounting for residential, commercial, and mixed-use properties. With operations spanning over 170 countries, MRI Software serves a global client base, reinforcing its strong presence in North America and beyond.

Key Players

• AppFolio, Inc
• CoreLogic
• Entrata, Inc.
• innQuest
• IQware Inc.
• MRI Software LLC
• RealPage Inc.
• Yardi Systems, Inc.
• MFTB Holdco, Inc. a Zillow affiliate
• ManageCasa

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Conclusion

The U.S. Property Management Software market is on a strong growth trajectory, supported by digital transformation, smart building adoption, and the widespread use of SaaS-based platforms. Cloud technology, mobile accessibility, and advanced analytics are enabling property managers to streamline operations, reduce costs, and deliver enhanced tenant experiences. With residential properties leading adoption, software-driven solutions are becoming indispensable for efficient property management. Key players are focusing on innovation, integration, and scalability to meet evolving demands. As the industry embraces automation, predictive analytics, and remote management, PMS solutions will remain central to shaping the future of real estate management in the U.S.