Global Self-storage Software Market 2016-2020

This industry research report presents a detailed segmentation of the global self-storage software market by deployment model (cloud and on-premises) and by geography (the Americas, APAC, and Europe). The key leading vendors in the market are E-SoftSys, QuikStor Security & Software, Sitelink Software, Storman Software, and Yardi Systems.

Overview of the global self-storage software market

Extensive research carried out by the analyst at Technavio has shown that the global self-storage software market will grow impressively at a CAGR of close to 7% over the forecast period. With the improving global economic scenario, the market for self-storage software is anticipated to have a positive outlook by the end of the predicted period. Increasing real estate investments in APAC is likely to boost the self-storage activities in the region. Moreover, the self-storage facilities are envisaged to grow in number by 2020 because of low-interest rates, strengthening of global economic environment, and direct real estate investments from institutional investors. For instance, Dallas and Austin in Texas, US attracted significant real estate investments in 2015 as they are the fastest growing metro cities in Texas and have the presence of some of the fastest-growing venture capital-funded companies. Therefore, it is anticipated that an increase in real estate transactions, including that of self-storage facilities, will lead to an augmented demand for self-storage software in the coming years.

One of the emerging trend spurring this market’s growth prospects is the increasing number of women in the workforce. The growing number of working women globally has enhanced the purchasing power of families and has propelled the demand for more space to store things around the world. This increase in the disposable income will lead to an increase in the purchases of personal belongings such as clothes, antiques, home appliances, and furniture. However, since the households find it challenging to store these goods due to less space, the market for self-storage facilities and self-storage software is expected to grow significantly over the next four years.

Segmentation by deployment model and analysis of the self-storage software market

• Cloud
• On-premises

During 2015, the cloud segment dominated the market and accounted for nearly 65% of the market share in terms of revenue. This segment is growing at a rapid rate and its market share is expected to increase significantly by 2020. Software-as-a-service solutions have a predictable expense, no maintenance fees, and low IT personal costs, which will contribute to this segment’s growth over the forecast period.

Geographical segmentation and analysis of the self-storage software market

• Americas
• APAC
• Europe

In terms of geography, the Americas dominated the market and is expected to reach close to USD 705 million by 2020. The self-storage industry has been one of the fastest growing sectors in the US commercial real estate industry over the past four decades. Factors such an increasing number of storage facilities and the introduction of light versions of self-storage software with lower prices and fewer features will contribute to this market’s growth in the region.

Competitive landscape and key vendors

The global self-storage software market is highly fragmented due to the presence of numerous small, medium, and large-sized vendors. Large vendors consider M&A strategies to improve their market presence and expand their global reach. The market competition is expected to intensify as vendors are trying to sustain themselves by improving their delivery models with technology.

Key vendors in this market are -

• E-SoftSys
• QuikStor Security & Software
• Sitelink software
• Storman Software
• Zebra Technologies
• Yardi Systems

Other prominent vendors analyzed in this report are AndraTech Software, Easy Storge Solutions, storEDGE, ARGUS Software, Axxerion Software, Landport Software, Property Boulevard, and ROCKSOFT.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global self-storage software market?
• What are the key market trends impacting the growth of the global self-storage software market?
• What are the challenges to market growth?
• Who are the key vendors in the global self-storage software market?
• What are the market opportunities and threats faced by the vendors in the global self-storage software market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA. 
• What are the key outcomes of the five forces analysis of the global self-storage software market?

Technavio also offers customization on reports based on specific client requirement.

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