Rising preference for homeownership, hike in residential rental properties, growth in modern infrastructure building, and expansion of commercial space demands the necessity for property managing which facilitates associated task tracking such as storage of the legal contract documents, property transaction updates and history, and ease of property account handling. All these factors generate huge property management market demand which is evaluated to increase at a CAGR of 7.52% during the forecast period of 2025. Opening of various retail shops all across the world also requires adequate knowledge about a particular property and lease buildings and property management services and solutions effectively assist the target customers. This of e CAGR for the retail application segment is projected to experience a considerable rise of 8.39% through to 2025.
