Market Overview:
The global condo association software market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for cloud-based and web-based condo association software solutions by homeowners associations, condo associations, and properties across the globe. North America is expected to lead the global market in terms of revenue during the forecast period, followed by Europe and Asia Pacific.
Product Definition:
Condo Association Software is a type of software that helps property managers to manage their condo association more effectively. This type of software can automate many tasks, such as sending out notices, tracking payments and dues, and creating reports. Additionally, it can help to create a community website where residents can access information about the association and communicate with one another.
Cloud-based:
Cloud-based software is a collection of services and tools that provide shared pooling, document control, and enterprise resource planning functionality. It helps in streamlining business processes through the centralization of data. Cloud-based solutions are used by various organizations for carrying out day to day operations efficiently. The growing adoption rate of cloud based software among small & medium enterprises coupled with the increasing demand for efficient management systems across real estate industry is expected to drive market growth over the forecast period.
Web-based:
The web-based software is used to manage the common property and buildings in a condominium. It provides features such as online payment of utility bills, maintenance requests, lease agreements, and other administrative tasks. The software can be accessed from any location through a web browser.
This technology has been widely adopted by government agencies for various functions such as land use planning & management; building energy management; financial reporting & accounting;.
Application Insights:
The condo association software market is segmented based on application into homeowners associations, condo associations and properties. The property segment held the largest share in 2017. Condo association software helps manage complex internal processes within a condominium complex, such as record keeping, financial management and maintenance scheduling for common areas. In addition to this, it also allows owners to access information regarding their unit from anywhere in the world via mobile app or website. This factor is projected to drive demand over the forecast period for condos applications.
Homeowners associations held a significant share of around 40% in 2017 owing to their increasing use by developers as an alternative method of managing HOAs other than using paper-based documents and manual procedures that are followed by present day HOAs across various aspects including governance & administration, meetings & events management.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of a large number of condo associations and high adoption rate for condominium management software in this region. The U.S., being one of the most developed countries, has a well-established legal system and is home to some of the best law schools worldwide; as a result, there are many lawyers across North America who use condominium association software for their day-to-day activities. Furthermore, with increasing awareness about HOA regulations and laws among owners, vendors are compelled to develop advanced products that meet customer needs better than before.
Growth Factors:
- Increasing demand for Condo Association Software from small and medium-sized businesses (SMBs) due to the benefits offered by the software, such as reduced costs, improved efficiency, and enhanced communication.
- The increasing trend of using Condo Association Software as a CRM tool to manage customer data and interactions more effectively. This will help organizations improve their sales process and customer service operations.
- The growing demand for Condo Association Software from industries such as real estate, construction, hospitality, healthcare, and education due to its ability to streamline business processes and improve operational efficiency.
- The increasing popularity of cloud-based Condo Association Software among businesses due to its lower cost of ownership, easy deployment & scalability ,and fast time-to-value .This will help boost the market growth in the coming years . 5)The rising trend of BYOD (Bring Your Own Device) among employees which is helping in driving the market for Condo Association Software
Scope Of The Report
Report Attributes
Report Details
Report Title
Condo Association Software Market Research Report
By Type
Cloud-based, Web-based
By Application
Homeowners Associations, Condo Associations, Properties
By Companies
AppFolio, AssociationVoice, Bitrix, BoardSpace, BuildingLink, Buildium, CINC Systems, Community Ally, Condo Communities, Condo Control, EmpoweredHOA, FrontSteps, HOA Express, LandlordTracks, My Green Condo, Pay HOA, Personify (Wild Apricot), Rentec Direct, Simple Neighbor, TALogic, TOPS Software, Vinteum Software, Yardi Systems
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
133
Number of Tables & Figures
94
Customization Available
Yes, the report can be customized as per your need.
Global Condo Association Software Market Report Segments:
The global Condo Association Software market is segmented on the basis of:
Types
Cloud-based, Web-based
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Homeowners Associations, Condo Associations, Properties
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- AppFolio
- AssociationVoice
- Bitrix
- BoardSpace
- BuildingLink
- Buildium
- CINC Systems
- Community Ally
- Condo Communities
- Condo Control
- EmpoweredHOA
- FrontSteps
- HOA Express
- LandlordTracks
- My Green Condo
- Pay HOA
- Personify (Wild Apricot)
- Rentec Direct
- Simple Neighbor
- TALogic
- TOPS Software
- Vinteum Software
- Yardi Systems
Highlights of The Condo Association Software Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cloud-based
- Web-based
- By Application:
- Homeowners Associations
- Condo Associations
- Properties
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Condo Association Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Condo Association Software is a software program that helps condo associations manage their membership, dues, and other financial matters.
Some of the key players operating in the condo association software market are AppFolio, AssociationVoice, Bitrix, BoardSpace, BuildingLink, Buildium, CINC Systems, Community Ally, Condo Communities, Condo Control, EmpoweredHOA, FrontSteps, HOA Express, LandlordTracks, My Green Condo, Pay HOA, Personify (Wild Apricot), Rentec Direct, Simple Neighbor, TALogic, TOPS Software, Vinteum Software, Yardi Systems.
The condo association software market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Condo Association Software Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Condo Association Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Condo Association Software Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Condo Association Software Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Condo Association Software Market Size & Forecast, 2018-2028
4.5.1 Condo Association Software Market Size and Y-o-Y Growth
4.5.2 Condo Association Software Market Absolute $ Opportunity
Chapter 5 Global Condo Association Software Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Condo Association Software Market Size Forecast by Type
5.2.1 Cloud-based
5.2.2 Web-based
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Condo Association Software Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Condo Association Software Market Size Forecast by Applications
6.2.1 Homeowners Associations
6.2.2 Condo Associations
6.2.3 Properties
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Condo Association Software Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Condo Association Software Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Condo Association Software Analysis and Forecast
9.1 Introduction
9.2 North America Condo Association Software Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Condo Association Software Market Size Forecast by Type
9.6.1 Cloud-based
9.6.2 Web-based
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Condo Association Software Market Size Forecast by Applications
9.10.1 Homeowners Associations
9.10.2 Condo Associations
9.10.3 Properties
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Condo Association Software Analysis and Forecast
10.1 Introduction
10.2 Europe Condo Association Software Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Condo Association Software Market Size Forecast by Type
10.6.1 Cloud-based
10.6.2 Web-based
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Condo Association Software Market Size Forecast by Applications
10.10.1 Homeowners Associations
10.10.2 Condo Associations
10.10.3 Properties
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Condo Association Software Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Condo Association Software Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Condo Association Software Market Size Forecast by Type
11.6.1 Cloud-based
11.6.2 Web-based
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Condo Association Software Market Size Forecast by Applications
11.10.1 Homeowners Associations
11.10.2 Condo Associations
11.10.3 Properties
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Condo Association Software Analysis and Forecast
12.1 Introduction
12.2 Latin America Condo Association Software Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Condo Association Software Market Size Forecast by Type
12.6.1 Cloud-based
12.6.2 Web-based
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Condo Association Software Market Size Forecast by Applications
12.10.1 Homeowners Associations
12.10.2 Condo Associations
12.10.3 Properties
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Condo Association Software Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Condo Association Software Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Condo Association Software Market Size Forecast by Type
13.6.1 Cloud-based
13.6.2 Web-based
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Condo Association Software Market Size Forecast by Applications
13.10.1 Homeowners Associations
13.10.2 Condo Associations
13.10.3 Properties
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Condo Association Software Market: Competitive Dashboard
14.2 Global Condo Association Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AppFolio
14.3.2 AssociationVoice
14.3.3 Bitrix
14.3.4 BoardSpace
14.3.5 BuildingLink
14.3.6 Buildium
14.3.7 CINC Systems
14.3.8 Community Ally
14.3.9 Condo Communities
14.3.10 Condo Control
14.3.11 EmpoweredHOA
14.3.12 FrontSteps
14.3.13 HOA Express
14.3.14 LandlordTracks
14.3.15 My Green Condo
14.3.16 Pay HOA
14.3.17 Personify (Wild Apricot)
14.3.18 Rentec Direct
14.3.19 Simple Neighbor
14.3.20 TALogic
14.3.21 TOPS Software
14.3.22 Vinteum Software
14.3.23 Yardi Systems
