Real Estate Software Market to Grow with a CAGR of 10.44% Globally through to 2028
Real Estate Software market is increasing due to the Increased
customization capabilities in the forecast period, 2024-2028.
According to TechSci Research report, “Global Real
Estate Software Market - Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2028
Global Real Estate Software market has witnessed
tremendous growth in recent years, reaching a valuation of USD 10.44 billion in
2022. The market is projected to continue its strong upward trajectory, posting
a CAGR of 12.68% from 2024 to 2028.
The
global Real Estate Software market is experiencing significant growth driven by
rising adoption among commercial and residential property organizations
worldwide. Real estate companies recognize that advanced property management
capabilities are strategic for optimizing operations, managing costs
effectively and enhancing development cycles. Many real estate businesses are partnering with
leading Real Estate Software solution providers to streamline processes such as
lease management, tenant billing, and facilities maintenance. Real Estate
Software is helping improve collaboration between different teams and drive
efficiencies across distributed property networks. Technologies like
cloud-based property management systems, 3D building design software, and
Industry 4.0-ready smart building platforms have given real estate companies
advanced capabilities to deliver customized property solutions. This is helping
enterprises gain competitive advantages through improved productivity, reduced
costs, and shortened time to market for new developments. Adoption is also fueled by corporate digital
transformation strategies prioritizing flexibility. Real estate companies now
understand Real Estate Software's strategic value in supporting distributed
property portfolios, enabling flexible work environments, and facilitating the
development of complex building designs. This shift is driving demand as
companies seek to optimize costs and quickly respond to tenant needs. Continued
innovation in areas like AI-powered facilities management, smart building
platforms and digital twin technologies is further propelling the market.
Companies can develop customized, data-driven and adaptive property management
models tailored to their portfolio and business requirements.
As real estate businesses discover new ways to leverage
Real Estate Software for digital operations and smart building strategies,
long-term growth prospects remain positive. Reliable and advanced property
management capabilities have become critical for supporting flexible work
environments, enabling customized tenant experiences, and developing complex
buildings globally. The market is poised to grow strongly as adoption increases
across geographies and property types to support evolving digital property
management needs.
Browse over 26 market data Figures spread
through 91 Pages and an in-depth TOC on "Global Real Estate Software Market.”
The global real estate software market is experiencing
significant growth as the industry shifts towards digitization and automation
of processes. Real estate software provides solutions for various functions
like customer relationship management, enterprise resource planning, and
property management.
The market is segmented based on deployment, type, and
end use. In terms of deployment, the cloud-based segment holds the largest
share and is expected to witness the fastest growth during the forecast period.
Cloud-based solutions offer benefits like scalability, flexibility, and lower
upfront costs which is driving their increased adoption. Based on type,
property management software dominates the market as it helps automate critical
activities involved in managing commercial and residential properties. These
include tenant and lease management, facilities management, and accounting
functions. Customer relationship management (CRM) software is another major
segment and helps real estate firms manage leads, contacts and client
interactions effectively.
When segmented by end use, the commercial segment
accounts for the majority of the market. This is due to the large number of
commercial properties and the complex management needs of office spaces, retail
outlets, and warehouses. The industrial and residential segments are also
growing steadily with increased digitization across geographies.
Going forward, the Asia Pacific region is projected to
be the fastest growing market for real estate software. This is attributed to
rapid urbanization, growth of nuclear families, and rising disposable incomes
in developing countries like China and India. Additionally, implementation of
advanced technologies like artificial intelligence and IoT is expected to open
new opportunities for vendors in the industry.
Major companies operating in Global Real Estate
Software Market are:
- Yardi Systems, Inc
- RealPage, Inc
- IBM Corporation
- SAP SE
- Oracle
Corporation
- MRI
Software LLC
- Salesforce.com, Inc
- Accruent, LLC
- Argus Financial Software
- Propertybase
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“The global Real Estate Software market is witnessing
significant growth driven by advancements in digital technologies such as
artificial intelligence, cloud computing, robotic process automation, big data
analytics, and the Internet of Things. Real Estate Software providers are
leveraging these technologies to deliver enhanced capabilities to their
customers.
Real Estate Software solutions now enable enterprises
to generate predictive insights, automate complex workflows, offer personalized
recommendations, and manage business processes at scale. This helps
organizations across industries optimize and transform both core and non-core
operations. Real Estate Software facilitates customized outsourcing by
collecting and analyzing vast amounts of data through advanced analytics
platforms. This allows companies to deeply customize outsourcing models, manage
compliance requirements more effectively, and enhance customer experiences. The
adoption of Real Estate Software is no longer limited to just large
enterprises. Small and medium businesses are also partnering with Real Estate
Software vendors to streamline operations, reduce costs, and strengthen
compliance controls. Real Estate Software companies continue investing heavily
in research and development to develop industry-specific solutions and address
diverse sector needs.
Regulatory authorities are developing frameworks to
ensure data privacy and security standards are maintained, fostering innovation
in Real Estate Software. Backed by ongoing technological advancements, growing
acceptance of data-driven outsourcing strategies, and continuous product
innovation, the global Real Estate Software market is well-positioned for
sustained high growth in the coming years.
As digital technologies become core business
capabilities, Real Estate Software solutions are cementing their role as
indispensable tools to optimize processes across all enterprise sizes and
industries. Analysts remain bullish on the future prospects of the global Real
Estate Software market..” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based management consulting firm.
“Real Estate Software Market by
Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, , Segmented by Deployment
(On-premises,
Cloud-based), By Type
(Customer Relationship Management (CRM) Software, Enterprise Resource Planning
(ERP) Software, Property Management Software), By End-Use (Residential,
Industrial, Commercial),
By Region, By Competition”, has evaluated
the future growth potential of Global Real Estate Software Market and provides statistics &
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Global Real Estate Software Market.
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