Real Estate Software Market – Global Industry Analysis and Forecast (2023-2029)

Real Estate Software Market was worth US$ 4.90 Bn. in 2022 and total revenue is expected to grow at a rate of 15.31% CAGR from 2023 to 2029, reaching almost US$ 13.29 Bn. in 2029

Real Estate Software Market Overview:

Real estate software aids real estate companies in their day-to-day operations and processes. Real estate software includes tools such as expense tracking, Customer Relationship Management (CRM), Enterprise Resource Planning (ERP), Property Management, Lead generation software, video editing, open house management software, and other tools that help streamline listing and transaction management.Real Estate Software MarketTo know about the Research Methodology :- Request Free Sample Report

Real Estate Software Market Dynamics:

The demand for real estate software has been increasing as a result of its potential to improve business productivity standards, resulting in significant market growth. Because the real estate industry must engage in so many different sectors, such as websites, online advertising, social media, and so on, there is a greater demand for effective real estate management solutions. Furthermore, due to the increase in the number of clients and requirements, manually generating and keeping individual accounts for each work area becomes time demanding, causing major adoption of real estate software by organizations, thus improving company productivity standards. Real estate software is becoming increasingly popular because it allows real estate organizations to manage their websites more easily and efficiently, altering property-related information with a single command. Because organizational structure is so important in enhancing a company's productivity, using such software aids in high-performance management and the speedier preparation of daily reports. Such aspects assist employees in avoiding duplication of effort, arranging meetings and inspections, and a variety of other tasks, all of which optimize operational workflows across the firm. Rising technology advancements have been a primary driving force behind the expansion of the real estate software market. With the rise in demand for modern technologies such as artificial intelligence, cloud computing, and others, the real estate industry has shifted its focus to the development of smart houses in order to enhance its profits. Trulia, a U.S.-based online real estate marketplace, uses AI-based personalization to assist consumers to speed their house searches by recognizing customer preferences and proposing properties. As artificial intelligence (AI) becomes more prevalent in the real estate industry, demand for real estate software is increasing. One of the key challenges to the expansion of the real estate software sector is a high investment. Because of its capacity to increase workflow productivity inside the company through ERP, CRM, and lead generating software, such software has seen increased demand as a result of rising demand for the real estate business. Firms must invest in training workers to operate such complex software in order to avoid long-term customer satisfaction difficulties. Furthermore, the prices of this software are incremental, meaning that as the number of users grows, and it becomes more expensive.

Real Estate Software Market Segment Analysis:

Real Estate Software Market can be sub-segmented into Type, Application, Deployment, End-use and Geography. Based on Application, the market is sub-segmented into Small enterprises, Medium enterprises, and large enterprises. Real estate software that facilitates associated task tracking such as storage of legal contract documents, property management and transaction updates and history and ease of property account handling is required by the rising preference for homeownership, the increase in residential rental properties, the growth in modern infrastructure building, and the expansion of commercial space. All of these factors combine to fuel strong demand for real estate software in the residential sector, which is expected to increase at a CAGR of 7.5 % from 2023 to 2029. Opening multiple retail stores around the world also necessitates a suitable understanding of certain property and lease buildings, as well as property management services and solutions that successfully help the target clients through superior ERP and data analytics. The commercial market segment will be driven by this.

Real Estate Software Market Regional Insights:

For a few years, the United States of America has been one of the world's major consumers of real estate software, and this trend is expected to continue in the years ahead. USA market took up about 30% of the global market in 2017, while Europe was 27%, and China is followed with the share about 13%. North America is estimated to account for 37.1 % of the global real estate software market in 2022. The presence of important players such as Oracle Corporation, Microsoft Corporation, and Real Page is driving the real estate software market forward. The expansion of the Real Estate Software market in this area has been fueled by high investments in research and development activities, as well as increased use of real estate property management solutions. Furthermore, the rising rate of urbanization and the expansion of the real estate industry are having a beneficial impact on the growth of the real estate software market in this region. Objective of the report is to present a comprehensive analysis of the Global Real Estate Software market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Global market dynamics, structure by analyzing the market segments and project the Global Real Estate Software market size. Clear representation of competitive analysis of key players by Product, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Real Estate Software market make the report investor’s guide

Real Estate Software Market Scope: Inquire before buying

Real Estate Software Market
Report Coverage Details
Base Year: 2022 Forecast Period: 2023-2029
Historical Data: 2018 to 2022 Market Size in 2022: US $ 4.90 Bn.
Forecast Period 2023 to 2029 CAGR: 15.31% Market Size in 2029: US $ 13.29 Bn.
Segments Covered: by Type ERP RSM CRM Other
by Application Small Enterprise Medium Enterprise Large Enterprise
by Deployment Cloud On-premise
by End-use Architects & Engineers Project Managers Real Estate Agents Others

Real Estate Software Market, by Region

North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)

Real Estate Software Market Key Players:

1. Altus Group 2. Autodesk 3. AppFolio 4. Co-star 5. IBM 6. Oracle 7. Yardi Systems 8. Accruent 9. Argus Financial Software 10.MRI Software 11.RealPage 12.AMSI Property Management 13.Propertybase 14.SAP 15.IFCA 16.Mingyuanyun 17.Kingdee 18.Yonyou Software 19.Climbsoft 20.WxSoft Zhuhai 21.Microsoft Corporation

Frequently Asked Questions:

1.What was the market size of Global Real Estate Software Market markets in 2022? Ans - Global Real Estate Software Market was worth US$ 4.90 Bn in 2022. 2) What is the market segment of Global Real Estate Software Market markets? Ans -The market segments are based on Type, Application, Deployment, and End-use. 3) What is forecast period consider for Global Real Estate Software Market? Ans -The forecast period for Global Real Estate Software Market is 2023 to 2029. 4) Which are the worldwide major key players covered for Global Real Estate Software Market report? Ans - Altus Group, Autodesk, AppFolio, Co-star, IBM Oracl, Yardi Systems, Accruent. 5) Which region is dominated in Global Real Estate Software Market? Ans - In 2022, North America region dominated the Global Real Estate Software Market.
1. Global Real Estate Software Market: Research Methodology 2. Global Real Estate Software Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Real Estate Software Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Real Estate Software Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12 COVID-19 Impact 4. Global Real Estate Software Market Segmentation 4.1 Global Real Estate Software Market, by Type (2022-2029) • Customer Relationship Management (CRM)Software • Enterprise Resource Planning(ERP)Software  • Property Management Software • Contract Software • Others 4.2 Global Real Estate Software Market, by Application (2022-2029) • Small Enterprise • Medium Enterprise • Large Enterprise 4.3 Global Real Estate Software Market, by Deployment (2022-2029) • Cloud • On-premise 4.4 Global Real Estate Software Market, by End-use (2022-2029) • Architects & Engineers • Project Managers • Real Estate Agents • Others 5. North America Real Estate Software Market(2022-2029) 5.1 North America Real Estate Software Market, by Type (2022-2029) • Customer Relationship Management (CRM)Software • Enterprise Resource Planning(ERP)Software  • Property Management Software • Contract Software • Others 5.2 North America Real Estate Software Market, by Application (2022-2029) • Small Enterprise • Medium Enterprise • Large Enterprise 5.3 North America Real Estate Software Market, by Deployment (2022-2029) • Cloud • On-premise 5.4 North America Real Estate Software Market, by End-use (2022-2029) • Architects & Engineers • Project Managers • Real Estate Agents • Others 5.5 North America Real Estate Software Market, by Country (2022-2029) • United States • Canada • Mexico 6. Europe Real Estate Software Market (2022-2029) 6.1. European Real Estate Software Market, by Type (2022-2029) 6.2. European Real Estate Software Market, by Application (2022-2029) 6.3. European Real Estate Software Market, by Deployment (2022-2029) 6.4. European Real Estate Software Market, by End-use (2022-2029) 6.5. European Real Estate Software Market, by Country (2022-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Real Estate Software Market (2022-2029) 7.1. Asia Pacific Real Estate Software Market, by Type (2022-2029) 7.2. Asia Pacific Real Estate Software Market, by Application (2022-2029) 7.3. Asia Pacific Real Estate Software Market, by Deployment (2022-2029) 7.4. Asia Pacific Real Estate Software Market, by End-use (2022-2029) 7.5. Asia Pacific Real Estate Software Market, by Country (2022-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Real Estate Software Market (2022-2029) 8.1 Middle East and Africa Real Estate Software Market, by Type (2022-2029) 8.2. Middle East and Africa Real Estate Software Market, by Application (2022-2029) 8.3. Middle East and Africa Real Estate Software Market, by Deployment (2022-2029) 8.4. Middle East and Africa Real Estate Software Market, by End-use (2022-2029) 8.5. Middle East and Africa Real Estate Software Market, by Country (2022-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Real Estate Software Market (2022-2029) 9.1. South America Real Estate Software Market, by Type (2022-2029) 9.2. South America Real Estate Software Market, by Application (2022-2029) 9.3. South America Real Estate Software Market, by Deployment (2022-2029) 9.4. South America Real Estate Software Market, by End-use (2022-2029) 9.5. South America Real Estate Software Market, by Country (2022-2029) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1 Altus Group 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 Autodesk 10.3 AppFolio 10.4 Co-star 10.5 IBM 10.6 Oracle 10.7 Yardi Systems 10.8 Accruent 10.9 Argus Financial Software 10.10 MRI Software 10.11 RealPage 10.12 AMSI Property Management 10.13 Propertybase 10.14 SAP 10.15 IFCA 10.16 Mingyuanyun 10.17 Kingdee 10.18 Yonyou Software 10.19 Climbsoft 10.20 WxSoft Zhuhai 10.21 Microsoft Corporation

About This Report

Report ID 24821
Category Information Technology & Telecommunication
Published Date July 2023
Updated Date
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