Find stats on top websites
Industry Landscape
The Property Management Software (PMS) industry is undergoing rapid digital transformation, driven by AI and automation. Integration of platforms, enhanced resident experiences, and data analytics are key trends. The market is competitive, with a strong focus on cloud-based solutions and specialized offerings for diverse property types, aiming to improve efficiency and profitability.
Total Assets Under Management (AUM)
Property Management Software Market Size in United States
~Approx. 4.5 billion USD (2023)
(15-20% CAGR)
- Driven by increasing adoption of cloud-based solutions.
- Focus on integrated platforms for efficiency.
- Rise of AI and automation in property operations.
Total Addressable Market
4.5 billion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
Generative AI for Content & Marketing
Utilizing AI to automatically generate property descriptions, marketing copy, and even virtual tours, significantly reducing manual effort and improving personalization.
Predictive Analytics for Occupancy & Pricing
Advanced AI models that forecast occupancy rates, optimize rental pricing in real-time based on market dynamics, and predict tenant churn, maximizing revenue and minimizing vacancies.
IoT and Smart Home Integration
Seamless integration of smart home devices (thermostats, locks, lighting) with property management software for remote control, energy efficiency, and enhanced resident experiences.
Impactful Policy Frameworks
Fair Housing Act Amendments (Ongoing Interpretations)
Ongoing interpretations and enforcement of the Fair Housing Act, particularly regarding the use of AI in tenant screening and marketing, to ensure non-discriminatory practices.
This directly impacts Entrata's AI-powered screening and marketing tools, requiring continuous auditing and development to ensure compliance and prevent algorithmic bias.
State-level Data Privacy Laws (e.g., CCPA 2020, CPRA 2023, Virginia CDPA 2023)
Various state-level data privacy regulations (like California's CCPA and CPRA, Virginia's CDPA, and others) are establishing stricter rules for the collection, processing, and sharing of personal data, including resident information.
Entrata must ensure robust data security and privacy protocols, transparent data handling practices, and provide residents with greater control over their personal information.
Tenant Protection Acts / Rent Control Ordinances (Various Local/State Laws, e.g., Oregon SB 608 2019, California AB 1482 2020)
A growing number of state and local governments are enacting or strengthening tenant protection acts, including rent control measures, just cause eviction requirements, and new disclosure rules.
These policies require Entrata's platform to adapt its rent calculation, lease management, and resident communication features to comply with diverse and evolving local regulations, impacting revenue management and operational flexibility.
Transform Your Ideas into Action in Minutes with WaxWing
Sign up now and unleash the power of AI for your business growth
