Real Estate Software Market Forecasts to 2028 – Global Analysis By Component (Services, Software), Organization Size (Large Enterprises, Small & Medium Enterprise), Function, Deployment, Application and By Geography
According to Stratistics MRC, the Global Real Estate Software Market is accounted for $5.65 billion in 2020 and is expected to reach $11.68 billion by 2028 growing at a CAGR of 9.5% during the forecast period. Rising urbanization, surge in adoption of new software tools for accurate data software, and decreased risk of errors are the major factors propelling the market growth. However, data privacy and security concerns related with cloud platform are hampering the market growth.
Real estate software contains several software like computer aided drafting software, project management software, structural engineering software, enterprise resource planning, and customer relationship management software. These tools enable customers with certain facilities like expense tracking, video editing, open house management software and other tools streamline listing and simplifying transaction management. Real estate software is designed in a manner that smoothen the processes and minimizes the efforts of the enterprises. The software can find suitable matches for the user’s property needs, allowing them to customize the system. Additionally, the software consists of many features that help enterprises to grow their business operations.
Based on organization size, the small & medium enterprises segment is going to have a lucrative growth during the forecast period owing to the surge in adoption of real estate software tools in these enterprises along with the growth in small and large enterprises globally. In the developing countries there is rise in real estate small and medium enterprises. In these enterprises there is a need of proper software to mitigate errors, sales, planning, procurement and supply chain operations rather than hundreds of spreadsheet and disparate systems. These factors are responsible for positively propelling the growth of the segment.
By geography, North America is going to have a lucrative growth during the forecast period due to the rise in number of immigrants and increasing investments in the real estate sector in the region. The use of customer relationship management tools in various small and medium enterprises has also driven the market growth in North America region.
Some of the key players profiled in the Real Estate Software Market include Accruent, Altus Group, AMSI Property Management, AppFolio, Argus Financial Software, Autodesk, Climbsoft, CoStar, IBM, IFCA, Kingdee, Mingyuanyun, MRI Software, Oracle, Propertybase, RealPage, SAP, WxSoft Zhuhai, Yardi Systems, and Yonyou Software.
Organization Sizes Covered:
• Large Enterprises
• Small & Medium Enterprises
• Brokerage Management Software
• Facility Management Software
• Integrated Workplace Management Systems
• Real Estate Asset Management Software
• Cloud Based
• Real Estate Contractor
• Real Estate Sales Company
• Valuation Company
End Users Covered:
• Architects & Engineers
• Project Managers
• Real Estate Agents
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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