Vietnam PropTech market is expected to
grow at a rate of steady CAGR for the forecast period, 2022-2026. The growing
adoption of emerging technologies in the country and the rise in internet
penetration are crucial factors influencing market demand. The shift of the country
towards the adoption of digitalization and the rise in the youth population is
significantly fueling the demand for PropTech market. The improvement in the
economic conditions and the growing middle-class families is increasing the
expenditure capacity of the consumers to invest in real estate. Market players
are adopting technology to provide accurate pricing, which is similar to market
pricing by collecting a huge volume of data from offline and online sources.
Lack of licensing for real estate agents results in the occurrence of
fraudulent activities. PropTech companies provide incentives to the higher
rating real estate agents based on customer rating and feedback to tackle this
issue. To increase the affordability of the potential customers and the sale of
real-estate PropTech companies are offering the customer to purchase properties
at a lower initial capital outlay. Also, companies are providing financial
assistance to the customers in the form of loans, which is expected to
accelerate the Vietnam PropTech market growth.
Vietnam PropTech market is segmented
into solutions, applications, deployment, end users, regional distribution, and
company. Based on end users, the market is divided into housing associations,
real estate agents, property investors, and others. The real estate agents are
expected to witness substantial growth for the forecast period, 20222-2026. The
rise in the number of real estate agents and the growing disposable income of
consumers contribute to the market growth. The presence of potential buyers,
investors, and other crucial information is available at a single platform,
thereby boosting the PropTech market among the real estate agents.
The major players operating in the Vietnam
PropTech market are Oracle Corporation, IBM Corporation,
In4Velocity Systems, VIBIM, Qsoft Vietnam, HiNet Viet Nam, Twin Software
Solutions JSC., Autodesk Inc., DIP Vietnam Technology Corporation, Holomia
Technology Company Limited, Epicor Software Corporation, House3D, Savills Vietnam,
REESOFT, AMI Group Co., Ltd, and others. Major companies are developing
advanced technologies and launching new services to stay competitive in the
market. Other competitive strategies include mergers & acquisitions and new
service developments.
Years
considered for this report:
Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2026
Objective of the Study:
- To analyze the historical growth of the market size of Vietnam
PropTech market from 2016 to 2019.
- To estimate and forecast the market size of Vietnam PropTech market
from 2020 to 2026 and growth rate until 2026.
- To classify and forecast Vietnam PropTech market based on solutions,
applications, deployment, end users, regional distribution, and company.
- To identify dominant region or segment in the Vietnam PropTech
market.
- To identify drivers and challenges for Vietnam PropTech market.
- To examine competitive developments such as expansions, new product
launches, mergers & acquisitions, etc., in Vietnam PropTech market.
- To identify and analyze the profile of leading players operating in
Vietnam PropTech market.
- To identify key sustainable strategies adopted by market players in
Vietnam PropTech market.
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TechSci Research performed both primary as well as exhaustive
secondary research for this study. Initially, TechSci Research sourced a list
of service providers across the country. Subsequently, TechSci Research
conducted primary research surveys with the identified companies. While
interviewing, the respondents were also enquired about their competitors.
Through this technique, TechSci Research could include the service providers who
could not be identified due to the limitations of secondary research. TechSci
Research analyzed the service providers, distribution channels and presence of all
major players across the country.
TechSci
Research calculated the market size of Vietnam PropTech market using a bottom-up approach, wherein data for various end-user segments
was recorded and forecast for the future years. TechSci Research sourced these
values from the industry experts and company representatives and externally
validated through analyzing historical data of these product types and
applications for getting an appropriate, overall market size. Various secondary
sources such as company websites, news articles, press releases, company annual
reports, investor presentations and financial reports were also studied by
TechSci Research.
Key Target Audience:
- PropTech service provider companies
- Market research and consulting firms
- Government bodies such as regulating
authorities and policy makers
·
Organizations, forums, and alliances related to PropTech
market
The study is useful in providing answers to several critical
questions that are important for the industry stakeholders such as service
providers, suppliers and partners, end users, etc., besides allowing them in
strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, Vietnam PropTech market
has been segmented into following categories, in addition to the industry
trends which have also been detailed below:
·
Vietnam PropTech Market, By Solutions:
- Business
Intelligence
- Facility
Management
- Portfolio
Management
- Real
Estate Search
- Asset
Management
- Enterprise
Resource Planning
- Others
- Vietnam PropTech Market, By Applications:
- Residential
- Multi-Family
Housing
- Single
Family Housing
- Others
- Commercial
- Retail
Spaces
- Office
Spaces
- Others
- Vietnam PropTech Market, By Deployment:
- Vietnam PropTech Market, By End Users:
- Housing
Associations
- Real
Estate Agents
- Property
Investors
- Others
- Vietnam PropTech Market, By Region:
Competitive Landscape
Company Profiles: Detailed analysis of the major
companies present in Vietnam PropTech market.
Available Customizations:
With the given market data, TechSci Research offers
customizations according to a company’s specific needs. The following
customization options are available for the report:
Company Information
- Detailed analysis and profiling of
additional market players (up to five).
Vietnam PropTech market is
an upcoming report to be released soon. If you wish an early delivery of this
report or want to confirm the date of release, please contact us at [email protected]