Property Management Software Market Regional Outlook 2020 – Manufacturers, Countries, Type, Drivers by 2027

According to a new market report pertaining to the global property management software market published by Transparency Market Research the global property management software market is projected to reach a value of ~US$ 1.1 Bn by the end of 2019, and further increase to ~US$ 2 Bn by 2027, expanding at a CAGR of ~7% from 2019 to 2027. Expansion of the property management software market can be attributed to increasing investments in real estate and rise in the demand for transparency in property management. North America is anticipated to lead the global property management software market, followed by Europe, during the forecast period. 

Increasing Investments in Real Estate Driving Property Management Software Market

Investments in real-estate, worldwide, both, commercial and residential, have increased at a significant rate. Investments in commercial real estate hovered at the second-highest level in 2017. Expansion of the commercial real estate sector across the globe is a major factor driving investments in commercial real estate. The influence of technology, capital flow, cyber risk management, evolution of talent, and PropTech platforms are expected to fuel investments in commercial real estate, thus driving the property management market. Real estate is a preferred investment option, worldwide. Moreover, the ease of managing the property by centralized administration, despite being at a remote location, is a major advantage of real estate investment. 

Increasing Public & Private Investments and Penetration of Cloud-based Technologies in Property Management to Offer Significant Opportunity

Rapid technological and infrastructural developments are prompting developing economies such as India, Brazil, China, Poland, Mexico, the Philippines, and South Africa to adopt software across various business processes, including property management. Rising infrastructure development and private & public investments across these countries are expected to offer lucrative opportunities to manufacturers of property management software in the long term. For instance, as a part of the infrastructure development plan decided by the U.K Government in 2016, the government is expected to release public sector land to support the building of at least 160,000 homes by 2021. 

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Property Management Software Market: Segment Analysis

The global property management software market has been segmented based on component, application, end user, and region.

In terms of component, the property management software market has been segmented into software (on-premise and cloud) and services (system integration, training & support, and consulting). The software segment is estimated to account for a prominent share of the global property management software market by the end of 2019. The services segment is projected to expand at a notable CAGR of ~6% during the forecast period.

Based on application, the property management software market has been divided into commercial {retail spaces, office spaces, hotels, and others (airports, seaports, etc.)}, and residential [multi-family housing/ apartments, {(apartment buildings (low-rise), and apartment towers (high-rise)}, single family housing, and others (student housing, etc.)]. The residential segment is anticipated to account for a major share of the market by the end of 2019. The commercial segment is estimated to expand at a CAGR of 7.5% from 2019 to 2027.

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Based on end user, the property management software market has been divided into housing associations, property managers/ agents, corporate occupiers, property investors, and others (affordable housing & other specialties). The property managers/ agents segment is likely to hold a notable share of the global property management software market by the end of 2019. The corporate occupiers segment of the global property management software market is estimated to expand at a CAGR of ~8% during the forecast period. 

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Sports Technology Market Expected to Secure Notable Revenue Share During 2019-2027

According to a new market report published by Transparency Market Research the global sports technology market was valued at US$ 21,609.1 Mn in 2016. It is estimated to expand at a compound annual growth rate of 14.7% from 2019 to 2027, reaching US$ 93,825.5 Mn by the end of the forecast period. According to the report, North America was a prominent contributor, in terms of revenue, to the sports technology market in 2016. This is primarily due to strong technological advancements and considerable application of sports technology in various sports such as football, basketball, etc., across the region.

A rise in demand for advanced technologies such as analytics solutions and wearable devices for team management, athlete performance, and team performance, are creating opportunities for the global sports technology market.

Most companies are developing advance analytics solution for the sports industry. For instance, in 2016, Agile Sports Analytics, LLC launched Agile Sports Analytics application, a solution designed for players, coaches, and team analysts. Similarly, in 2018, Microsoft Corporation and Spektacom Technologies signed a strategic partnership to develop a sports analytics platform ‘Power Bat,’ which provides insights related to players, coaches, commentators, etc.. This, in turn, is expected to create a wide range of opportunities for the sports technology market during the forecast period. 

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Sports Technology Market: Scope of the Report

The global sports technology market has been segmented based on component, application, sport, end-user, and region. Based on component, the market has classified into software, wearable devices & sports equipment, and services. The wearable devices & sports equipment segment accounts for a key share in terms of revenue in the global sports technology market.

This segment covers revenue generation from smart watches, fitness wearables, and health care tracking devices. However, the service (managed/outsourced) segment is expected to expand at a considerably higher CAGR of around 16.6% during the forecast period. Based on application, the market has been categorized into active (tracking, decision making) and passive (analytics & statistics, tactics & simulation, training, game performance analysis, team analysis & management, injury & health analysis). In terms of end-user, the market has been divided into coaches, clubs, leagues, sports association, others (athletes and sports person). In terms of sports, the market has been categorized into basketball, baseball, cricket, cycling, football, golf, rugby and others (swimming, badminton, tennis). 

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Key Drivers of Industrial Brakes Market

• An industrial brakes is a device used to control the motion of a moving body by absorbing its kinetic energy.
• Along with controlling the speed, the brakes also assist in delivering desired action or processing in respective applications as per requirement.
• Integration of automation in the industrial sector and adoption of industrial robotics are expected to boost the growth of the industrial brakes market in the coming years. Further, technological advancement in industrial brake systems including automatic braking systems and sensors-enabled brake systems are estimated to offer lucrative growth opportunities to market players in the near future.
• The global industrial brakes market is expected to expand at a rapid pace during the forecast period owing to increasing activities in construction and manufacturing sectors with rise in population.

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• Application of industrial brakes are expected to increase with rise in demand for industrial robotics across all industries. These brakes facilitate the desired motion in the industrial sector by delivering right velocity as well as acceleration and deceleration of the industrial equipment. This will push the need for more industrial brakes.
• Moreover, it supports the holding and lifting of heavy loads in manufacturing plant activities. Industrial brakes are increasingly being used in manufacturing, metals & mining, and construction industries. Further, advanced technology solutions in automated brakes is expected to drive the growth of the market in the upcoming years.
• Rapid growth of the mining sector in emerging economies is anticipated to fuel the market growth in the next few years.

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Solar Power Meters Market Growth, Opportunities and Forecast till 2027

• Solar power meters, also known as pyranometer, are used to measure power per unit area of solar radiation flux density (W/m2).
• Solar power meters measure the display of real-time photovoltaic (PV) energy production data from a photovoltaic (PV) system.
• Solar power meters are used to measure the transmission and solar power up to 2000 W/m2, 634BTU.
• Furthermore, solar power meters are used in various applications such as verification and calculation of the heat or heating reduction caused by direct sunlight, and solar power research for placement location of the solar water heater or solar panels.
• Besides, solar power meters are used to measure solar power range from 400 to 1100 nanometers. Solar power meters are essentially used to calculate overall efficiency, energy, and placement of solar systems.
• Moreover, a solar power meter is used in a solar panel site for installation, inspection, surveying, and monitoring as well as for solar energy research. Solar power meters are designed for environmental monitoring of sunlight intensity, so as to compare the intensity of sunlight with the efficiency of solar panels.

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Key Drivers of the Global Solar Power Meters Market

• Rising industrialization in developing and developed countries is expected to drive the solar power meters market during the forecast period
• Moreover, solar power meters are utilized in measuring solar radiation, which in turn is expected to boost the demand for solar power meters worldwide.
• Increasing adoption of solar power meters in construction activities across the world is expected to accelerate the growth of the solar power meters market over the forecast period 2019- 2027.
• Continuous rise in automobile production is also an important factor boosting the global solar power meters market.
• Consistent rise in demand for solar energy due to sustainable development is expected to propel the global solar power meters market during the forecast period.

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Key Drivers of the Global Spectroradiometers Market

• A spectroradiometer is a light measurement tool used to measure both the amplitude and wavelength of the light radiated from a light source. It is a device mostly used to measure the spectral effect distribution of radiation source.
• Spectroradiometer measures numerous quantities of light which includes radiometric, photometric, and colorimetric. Spectroradiometers are available in many packages and sizes covering many wavelength ranges.
• Spectroradiometers are used in different applications such as solar UV and UVB radiation, LED measurement, display measurement and calibration, CFL testing, remote detection of oil slicks, SSL & OLED measurement and transmission, and reflection measurement.
• The global spectroradiometers market is projected to expand at a rapid pace during the forecast period owing to increased demand for spectroradiometers from various end-users.

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Key Drivers and Restraints of the Global Spectroradiometers Market

• Rise in demand for high accuracy in spectroscopy is a major factor expected to fuel the demand for spectroradiometers in the next few years.
• Increasing demand to manage day-to-day operations and challenges of laboratories is projected to fuel the demand for spectroradiometers.
• Spectroradiometers are operated in a highly dynamic range and provide calibration and accuracy, which is projected to propel the spectroradiometers market in the next few years.
• Rising demand for environmental research applications is another factor anticipated to drive the market for spectroradiometers in the near future.
• Furthermore, rise in adoption of spectroradiometers among end-users due to their benefits is anticipated to fuel the demand for spectroradiometers during the forecast period.
• Increasing focus of governments to develop commercial environmental research facilities and to strengthen their research are anticipated to further boost the global spectroradiometers market in the near future.

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• Their broad scope of application in the field of ecological study, and precision in calibration and measurements are other factors expected to boost the global spectroradiometers market during the forecast period.
• Availability of inferior quality and low-cost spectroradiometers is expected to hamper the spectroradiometers market in the next few years.

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Key Drivers of the Industrial USB Connectors Market

• Industrial universal serial bus (USB) connectors are high speed connectivity devices enabling simple plug and play connection to devices such as digital cameras, modems, keyboards, camcorders, and mouse.
• Industrial devices and networks need a direct interface to connect a PC for data collection, monitoring and programming. This direct connection is provided by the industrial USB connector.
• Industrial USB connectors are also used in industries for permanent installations for data acquisition systems and short-term diagnostics that require simple and fast set up.
• Industrial USB connectors are perfect for harsh commercial and industrial applications, where a robust and secure connection is mandatory.
• Industrial USB connectors are used in several applications which includes factory automation, barcode scanners, industrial computers, industrial controllers, and motion and process controls.
• The global industrial USB connectors market is expected to expand at a rapid pace during the forecast period due to increase in demand for industrial USB connectors from the medical sector and industrial automation.

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Key Drivers and Restraints of the Industrial USB Connectors Market

• Rise in urban population and increase in commercial activity along with increased industrial manufacturing and infrastructure development is resulting in enhanced demand for industrial USB connectors, which is anticipated to propel the industrial USB connectors market in the near future.
• Rise in the number of data centers across the globe is anticipated to fuel the demand for industrial USB connectors in the upcoming years.
• Increasing automation and rapid change in technologies in industrial sectors is expected to spur the need for industrial USB connectors.
• Industrial USB connectors provide reliable connectivity, high performance, and efficiency, which are some of the major factors expected to boost the industrial USB market in the forthcoming years.
• Furthermore, increasing investments by governments to improve connectivity within the industrial sector is projected to boost the demand for industrial USB connectors in the next few years.
• The increasing need for high speed internet connection along with the rising internet penetration is the major factor propelling the growth of the industrial USB connector market.

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Asia Pacific to Lead the Global Selective Soldering Equipment Market

• Selective soldering equipment is used for soldering the components of printed circuit boards. It is the process of flow soldering where the soldering method is done by through-hole technology and the electronic components are soldered on both the sides of the printed circuit board system. Selective soldering is done on the molded modules which may get damaged because of heat caused by wave soldering. Selective soldering is a cost effective method for mounting the electronic components on printed circuit boards. Various advantages of selective soldering over traditional hand soldering is expected to eventually boost the selective soldering equipment market. Increasing demand for printed circuit boards in the electronics industry is set to drive the selective soldering equipment market.

Rising Demand for Consumer Electronics to Drive the Global Selective Soldering Equipment Market

• Growth of the electronics sector due to advances in IOT and increasing demand for technologically advanced electronic products is likely to lead to increased usage of selective soldering equipment. Selective soldering equipment are cost effective and require less maintenance. They perform better and work efficiently compared to traditional manual soldering. Low cost of operation, easy processing, and affordable component parts are the major factors expected to drive the global selective soldering equipment market.

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Increasing Technological Advancements to Create Better Opportunities for the Selective Soldering Equipment Market Globally

• Selective soldering equipment reduces manual and wave soldering cost. The highly flexible and accurate soldering process machines have gained popularity among customers. Selective soldering equipment targets the specific areas on the board for the soldering process. Manufacturers are focusing to improve the soldering techniques to cater to the rising demand for efficient and reliable soldering systems.
• Thus, product innovation and high-volume manufacturing machines are expected to create better opportunities in various application areas and industries such as aerospace and defense, network and communications, and automotive industry. Growing penetration of smartphones and expansion of the consumer electronics industry is expected to drive the global selective soldering equipment market during the forecast period.

• In terms of region, the global selective soldering equipment market can be divided into North America, South America, Europe, Asia Pacific, and Middle East & Africa.

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• Europe includes the country-level analysis for U.K., Germany, France, and Rest of Europe. North America selective soldering equipment market country-level analysis includes Canada, the U.S., and Rest of North America. The South America selective soldering equipment market is segmented into Brazil, and Rest of South America. Analysis and forecast of the selective soldering equipment market in Asia Pacific features India, China, Japan, and Rest of Asia Pacific. Middle East & Africa covers the market analysis for GCC countries, South Africa, and Rest of Middle East & Africa.

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