Global Rental Payment Software Market by Type (Cloud Based, Web Based), By Application (Large Enterprises, SMEs) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global rental payment software market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for cloud-based and web-based rental payment software solutions by large enterprises and SMEs across the globe. North America is expected to hold the largest share of the global rental payment software market in 2018, followed by Europe, Asia Pacific, Latin America, and Middle East & Africa.



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Product Definition:

Rental Payment Software is a type of software that allows landlords and tenants to manage and pay rent online. It can help landlords keep track of their tenants' payments, as well as automate rent reminders and late payment notifications. Tenants can use the software to view their account balance, upcoming payments, and past transactions.

Cloud Based:

Cloud-based software is a rental payment solution that enables property managers to effectively manage their properties. It provides various benefits such as reduced processing time, ease of use and convenience over the traditional solutions available in the market. The major factors driving growth include increasing adoption of cloud technology across various industries and industry verticals due to its cost effectiveness, reliability and security features along with rapid development in mobile & internet connectivity.

Web Based:

The global web-based and rental payment software market size was valued at USD 2.5 billion in 2016. The increasing need for automation of business processes coupled with the growing adoption of cloud technology is expected to drive growth over the forecast period. In addition, benefits offered by these solutions such as ease of use, flexibility, and cost-effectiveness are anticipated to further fuel demand over the next few years.

Application Insights:

The large enterprises segment accounted for the largest market share in 2017. The segment is driven by growing demand from companies to deploy rental payment software as it offers various advantages such as ease of use, time savings and cost savings. Furthermore, with the help of mobile applications and online portals, it has become easier for large organizations to manage their rentals and collect payments from tenants.

Rising demand for rental payment software among small & medium-sized enterprises (SMEs) is expected to be a key factor driving the global market over the forecast period. SMEs are increasingly using cloud-based or web-based solutions due to their easy installation process along with features such as free trial periods that allow users evaluate different solutions before making a final purchase decision regarding rental payment software application. Moreover, increasing penetration of internet cafes at a global level has increased accessibility of internet banking which in turn helps SMEs access affordable credit options thereby promoting adoption of online rental payment systems among them.

Regional Analysis:

The Asia Pacific regional market is anticipated to witness significant growth over the forecast period owing to the increasing number of small and medium enterprises in countries such as China, India, and Japan. The growing trend of automation across all industries is expected to drive demand for rental payment software in this region. Furthermore, an increase in disposable income levels coupled with surging consumer spending on travel and tourism will further propel demand for rental payment software during the forecast period.

North America held a substantial share of global revenue due to high acceptance of advanced technologies among users. Moreover, presence of prominent players such as American Express Company; Braintree Inc.; Paypal Holdings Inc.; Alipay Holding Limited; UnionPay Corporation Ltd.; WeChat Pay Corporation Ltd., etc., has fueled growth in this region. However, strict regulations imposed by governments regarding online payments are hampering growth prospects for some extent but still they manage to gain significant market share owing rising usage by consumers especially outside U.

Growth Factors:

Increasing demand for rental payment software from small and medium businesses (SMBs) due to the growing trend of renting office space and other commercial properties.
The increasing popularity of cloud-based rental payment software, which makes it easy for businesses to manage their payments and rent collection processes remotely.
The growing demand for mobile-friendly rental payment software that can be used on smartphones and tablets, making it easier for renters to pay their rent online anytime, anywhere.
The increasing use of Rental Payment Software by property management companies to streamline the rent collection process and improve communication with tenants.


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Scope Of The Report
Report Attributes
Report Details
Report Title
Rental Payment Software Market Research Report
By Type
Cloud Based, Web Based
By Application
Large Enterprises, SMEs
By Companies
VacationRentPayment, Cozy, PayLease, Seamless Property, Rategenie, Rentler.com, RentReporter.com, Avail, Console Pay, PayClix, Property Studio, Rentec Direct
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
171
Number of Tables & Figures
120
Customization Available
Yes, the report can be customized as per your need.

Global Rental Payment Software Market Report Segments:
The global Rental Payment 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
Large Enterprises, SMEs
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:
VacationRentPayment
Cozy
PayLease
Seamless Property
Rategenie
Rentler.com
RentReporter.com
Avail
Console Pay
PayClix
Property Studio
Rentec Direct



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Highlights of The Rental Payment 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:
Large Enterprises
SMEs
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 Rental Payment 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.
How you may use our products:
Correctly Positioning New Products
Market Entry Strategies
Business Expansion Strategies
Consumer Insights
Understanding Competition Scenario
Product & Brand Management
Channel & Customer Management
Identifying Appropriate Advertising Appeals



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

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