USD 4.25 billion
Real Estate Software Market Size, Share, Growth Analysis, By Type(On-Premise, Cloud-Based), By End User(Real Estate Agents, Architects & Engineers, Project Managers, Real Estate Investors), By Enterprise Size(Large Enterprise, Small & Medium Enterprise), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG45E2184 |
Region:
Global |
Published Date: July, 2001
Pages:
157
|Tables:
90
|Figures:
76
Real Estate Software Market Insights
Global Real Estate Software Market size was valued at USD 4.25 billion in 2019 and is poised to grow from USD 4.9 billion in 2023 to USD 17.66 billion by 2031, growing at a CAGR of 15.31% in the forecast period (2024-2031).
Real estate software is made to aid realtors and real estate agents with all the tasks that make up a typical day at work. Finding new real estate lead sources, gathering and centralizing contact information, doing email and phone outreach, promoting oneself and one's brand, monitoring the regional and national housing markets, selling properties, and closing deals are some examples of this. Real estate software's main objective is to make agents' lives simpler, more efficient, organized, and productive so they can concentrate on what they do effectively.
Real estate software helps businesses become more productive as they work on numerous projects like websites, online advertising, and social media, which raises the demand for effective software solutions. The market for real estate software has recently benefited from factors like the rising digitization of real estate enterprises and advancements in automation technology. Additionally, businesses are being encouraged to implement different software solutions to increase client retention due to the requirement for greater protection of sensitive data and improved data management strategies.
US Real Estate Software Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Architects & Engineers
Fastest Growth
Real Estate Agents
Growth Rate
15.31% CAGR
Global Real Estate Software Market, 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
To get more reports on the above market click here to Buy The Report
Real Estate Software Market Segmental Analysis
Global Real Estate Software Market is segmented based on the Type, End Use, and region. Based on the Type, the Global Real Estate Software Market is segmented as Customer Relationship Management Software, Enterprise Resource Planning Software, Property Management Software, Contract Software, and Others. Based On End User, the Global Real Estate Software Market is segmented as Military, Aerospace, Commercial, Industrial, Healthcare, Automotive, White Goods, and Others. Based on Region Real Estate Software Market is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Real Estate Software Market Analysis by Type
Based on the Type, in 2022, the market was dominated by the Customer Relationship Management (CRM) software segment, which brought in close to 25% of the total revenue. CRM software aids realtors in maintaining organization, evicting tenants, contacting prospective purchasers, and concluding real estate deals. CRM software boosts productivity and efficiency by expediting repetitive tasks and informing customers and clients of new developments. The segment growth may be further fuelled by the use of business software and smart technology for project management. The growing demand for CRM solutions to guarantee the security of sensitive data could also favourably affect the CRM software market.
From 2022 to 2028, the contract software market is anticipated to expand rapidly, registering a CAGR of more than 11%. Software for contract management can help with regulatory compliance, investor comfort, customer trust, and tightened inspection. Compliance with data privacy laws enables defence against internal and external security risks, fostering confidence among real estate clients. The expansion of this market is being driven by the introduction of digital technologies like e-signatures and AI-assisted contract administration.
Real Estate Software Market Analysis by End Use
Global Real Estate Software market has been segmented on the basis of application as Architects & Engineers, Real Estate Agents, Project Managers, and others. In the real estate software market in 2022, the segment of architects and engineers achieved the biggest revenue share. The growing demand for homes and other spaces is requiring architects and engineers to devote more effort to creating feasibility studies and new projects. As a result, architects and engineers are using real estate software more frequently to generate reports rapidly so they can focus on their primary duties. Engineers and architects can concentrate on their primary responsibilities since real estate software makes it simple and quick to generate these reports. Real estate software also assists in offering interactive, virtual tours of properties that architects can utilize to give clients a better idea of their designs.
Global Real Estate Software Market By End Use , 2021(%)
To get detailed analysis on other segments, Request For Free Sample Report
Real Estate Software Market Regional Insights
North America dominated the market for real estate software in 2022 and accounted for nearly 35% share of the global revenue. An increase in urbanization and infrastructure development activities and the adoption of new technologies for various commercial and residential applications are positively impacting the market growth in this region. The COVID-19 pandemic has significantly impacted consumer and business sentiments in the region, leading to the low growth rate of the construction industry. However, the industry is expected to recover in 2022 due to a rise in infrastructure investments and an increased focus on smart city projects.
Also, Asia Pacific is expected to become the region with the highest rate of growth, due to the rapid development of economies, infrastructure, and industrial projects. The area may benefit from the adoption of real estate software as spending on infrastructure development projects has increased over time in nations like India, China, Japan, and Singapore.
Global Real Estate Software Market By Geography, 2021 - 2028
- Largest
- Fastest
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Real Estate Software Market Dynamics
Real Estate Software Market Driver
- Due to the ability to enhance business productivity standards, real estate software has been more and more in demand, which has significantly contributed to the market's growth. Since the real estate industry must operate in many different sectors, including websites, online marketing, social media, and many others, there is a greater need for effective real estate management solutions. Due to the growing number of clients and requirements, it is also time-consuming to manually create and manage individual accounts for each work location. As a result, organizations highly depend on real estate software, which raises productivity standards for businesses.
- The real estate industry deals with a lot of sensitive personal data that must be protected in order to guarantee the security of client data, especially when the data is located on the cloud. This is due to the fact that any unauthorized user could utilize the data, causing significant costs for the firm. Digital security is a function offered by real estate software. The customer relationship management (CRM) software offers record-based security, which limits unauthorized users' access to sensitive data, as well as role-based security, which establishes privileges for particular types of users. Additionally, external security elements are being added by cloud-based software suppliers.
Real Estate Software Market Restraint
- High costs are one of the biggest barriers preventing the market expansion of real estate software. Due to its capacity to increase workflow productivity inside the organization using ERP, CRM, and lead-generating software, such software has been in higher demand due to the rising demand for the real estate business. In order to operate such complicated software and avoid long-term customer satisfaction difficulties, the companies must also invest in training their workforce. Additionally, these software expenditures are additive in nature, making them more expensive as user numbers rise. Such elements severely hinder the growth of the real estate software sector and discourage small enterprises from implementing it.
Request Free Customization of this report to help us to meet your business objectives.
Real Estate Software Market Competitive Landscape
Global Real Estate Software market is relatively fragmented, with a high level of competition. The main strategies of the competitors in the Real Estate Software Market are partnerships, acquisitions, and product releases. Product Launches are one of the main techniques used by industry players. Microsoft Corporation is the market leader in real estate software, according on the analysis shown in the Cardinal matrix. CoStar Group, Inc., SAP SE, and Altus Group Ltd. are a few of the leading market inventors.
Real Estate Software Market Top Player's Company Profiles
- Yardi Systems, Inc.
- MRI Software LLC
- RealPage, Inc.
- CoStar Group, Inc.
- Procore Technologies, Inc.
- Accruent LLC
- AppFolio, Inc.
- Buildium LLC
- Planon Corporation
- IBM Corporation
- Oracle Corporation
- SAP SE
- Trimble Inc.
- Altus Group Limited
- The Sage Group plc
- Archibus, Inc.
- BlueFolder, Inc.
- SpaceIQ, Inc.
- Angus Systems Group Ltd.
- iOFFICE, Inc.
Real Estate Software Market Recent Developments
- In June 2022, CoStar Group in conjunction with The Real Estate Board of New York (REBNY), announced the official launch of Citysnap, the first-ever consumer-facing search website and mobile app for REBNY’s Residential Listing Service (RLS).
- In January 2022, US-based provider of real estate and facility management software called Planon bought COOR GmbH. Planon will be able to develop superior real estate software with the aid of this acquisition that will plan, manage, and forecast expenditures and revenues for all clients. The Austrian firm COOR GmbH creates and delivers software solutions for property owners and builders.
Real Estate Software Key Market Trends
- The use of machine learning and artificial intelligence is a developing trend in the real estate software industry. Applications powered by artificial intelligence (AI) are helping real estate organizations with marketing initiatives, property portfolio management, leasing, accounting, operations, and many other tasks. Virtual tours are one of the most recent advancements in AI for the real estate business. For houses that are still being built or for clients who are located abroad, virtual tours are offered so that the client can experience the property in three dimensions.
For instance, in February 2022, the online real estate marketplace company Zillow Group launched a virtual tour feature that uses machine learning to create an interactive floor plan using a variety of media content, making it simple for buyers to experience the property without actively going somewhere.
Real Estate Software Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global Real Estate Software Market Analysis, in terms of type enterprise resource planning software obtained a sizable revenue share. Enterprise resource planning software is more popular due to its cost effectiveness, improved visibility, and efficiency. These aspects together have led to a high acceptance rate for ERP software.
| Report Metric | Details |
|---|---|
| Market size value in 2019 | USD 4.25 billion |
| Market size value in 2031 | USD 17.66 billion |
| Growth Rate | 15.31% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Real Estate Software Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Real Estate Software Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Real Estate Software Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Real Estate Software Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Real Estate Software Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Real Estate Software Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Real Estate Software Market Report Snapshots
Want to customize this report?
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATION
USA (+1) 351-333-4748
