Real Estate Software Market Size to Reach at CAGR of 4.4% by 2021 with Market Key Players - MRI Software, Accruent, Yardi Systems, Argus Financial Software, RealPage, IBM Tririga, Oracle Corp, AMSI Property Management, CoStar Group, Fiserv, Trulia and Zil

Real Estate Software Market Size and Growth Rate:

Real estate software market is growing so fast from the recent years, and will have huge growth opportunities over the forecast period. It is estimated that the market will reach USD 12,865 Million by 2021 with a CAGR of 4.4% during the forecast period 2018-2021.

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Real Estate Software Market Overview:

Real estate is trend across the world, where buying and selling of properties is been a business. The software built for real estate handles every aspects of the property and also maintains the cost accordingly. Also, the buyer or seller can deal with the real estate owner directly through online and also can search for properties along with details. More importantly this software reduces the paper work along with making transactions easier and quicker.
Real estate software enables effective dashboards and also lists the services provided and internally connect with the mobile applications. The growing 3D modeling for online portals and automation the management of real estate software is followed even in small scale industry. Using this technology, many people are getting benefited as it also deals with the financial issues.

Real Estate Software Market Growth Drivers and Restraints:

The growing demand for the residential side real estate is the key driving factor for the market to grow substantially. The increased capital income both in developed and developing countries is also propelling the growth rate of the market. In addition, the market is fueled by rise in awareness towards the applications among the people.

However, the maintenance of software is bit expensive which is a restraining factor for the market. Lack of support in rural areas and also change in economic strategies rapidly is inhibiting the growth of the market.
Emergence of advanced technologies in launching varied innovative features for the applications which are attracting many customers and also making transactions easy and secure is setting the growth opportunities for the market. The rise in stringent rules and regulations by government is also supporting the growth of the market.

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Real Estate Software Market Geographical Segmentation:

Geographically, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa. Asia Pacific is leading the prominent shares of the market. The quick adoption of latest technology and implementing new applications with high success rate is accelerating the growth of the market in this region. Next to Asia Pacific, North America is holding the significant shares of the market by increased sales of the residential buildings and rise in real estate developers with great profits. Europe is also elevated to have dominant share of the market with increased support from the government in investment on the development of software.

Keyplayers of the Real Estate Software Market:

Some of the major players in the world real estate software market are MRI Software, Accruent, Yardi Systems, Argus Financial Software, RealPage, IBM Tririga, Oracle Corp, AMSI Property Management, CoStar Group, Fiserv, Trulia and Zillow.

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