Press release
Home Inspection Software Market Share, Trends and Leading Players By 2026: Home Inspector Pro, Carson Dunlop, HomeGauge etc.
Home Inspection Software Market
The global Home Inspection Software Market is expected to expand at a CAGR of 11.7% during the forecast period, 2020–2029.
Home inspection software, a type of property inspection software, offers both buyers and sellers a common channel to inspect the property prior to purchasing. It helps generate reports for real-estate firms to repair damages, fix faulty fixtures, and other maintenance. Most home inspection software solutions are cloud-based and available on a monthly or yearly subscription. According to SR Analysis, the home inspection software market is expected to witness double-digit growth during the forecast period. Increasing disposable income, demand for a better lifestyle and superior living conditions, and safety concerns drive market growth, whereas lack of awareness in the emerging economies of Asia-Pacific, the Middle East, and Africa hinders the growth momentum.
The global home inspection software market is extremely fragmented with a number of private players. The cost of investment is moderate, and government intervention differs from region to region based on regulations. The impact of government intervention is moderate in the U.S. and high in India and China; thus, the impact of new players on the market fluctuates from high to moderate.
The number of inspection training service providers is high compared to the number of software providers. Thus, the supplier to buyer ratio is high, which results in low switching costs. In other words, suppliers’ bargaining power is low in the home inspection software market.
China, India, the Philippines, and Thailand, among other emerging economies of Asia-Pacific, vary significantly from North America and Europe. In these countries, particularly India, the real estate sectors are highly governed and regulated by local and government agencies. A large share of the populace comprises homeowners, and regulatory processes dictate the steps for property rental or sale. Authorized agents who operate the process lack technical skills and infrastructure to install software and operate through mobile or desktop-based applications.
Agents, owners, and individuals opt for alternatives to home-inspection software, including web and mobile-based applications such as Nobroker.com, Nestaway, 99.acres.com, and housing property.com, which hinders market growth to an extent. Industry experts estimate that strategic partnerships between home inspection software vendors and real estate database website owners could create growth prospects for the home inspection software market. Vendors could offer inspection services to owners, which will aid market penetration.
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The Major Prominent Players Covered in this Report:
Home Inspector Pro, Carson Dunlop, HomeGauge, EZ inspection software, D Inspection software, Inspection Manager, Spectacular Home Inspection System, ReportHost, InspectIt Software, HomeHubZone, Inspection Support Network, Gregory Enterprises, Property Inspect, Rentger, Property Inspect, Ispecx, IRC Home Inspection Software, Inspectcheck, North Orca Technologies, Scaled Tech, Whisper Computer Solutions, Aadhya Didactics, Carbon Foundry, AaceSystems, Gregory Enterprises, Chapps Rental Inspector, ADEvantage Technology, Building Information Management Systems, HomInspect Software Program, D Inspection System , & More.
By Component, Solution, Services,
By Deployment Mode, Desktop, Mobile,
By Inspection Type, Buyers Inspection, Sellers Inspection, Condominium Inspection, New Property Inspection, ,
Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Home Inspection Software in the APAC Region
Asia-Pacific region is anticipated to hold the largest market share in the global Home Inspection Software market during the forecast period 2019-2026. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region. India is one of the largest producers of Home Inspection Software and a major exporter of the product to various countries across the globe. India accounts for around 80% of the world’s exports of Home Inspection Software. The favorable climatic conditions and growth of agricultural inputs and allied services like cold storage and warehousing in India are prompting higher production.
View this report with a detailed description and TOC @ https://straitsresearch.com/report/home-inspection-software-market/toc
Key Questions Answered in The Report:
What will the Home Inspection Software market growth rate?
What are the key factors driving the global Home Inspection Software market?
Who are the key manufacturers in the Home Inspection Software market space?
What are the market opportunities, market risk, and market overview of the Home Inspection Software market?
What are sales, revenue, and price analysis of top manufacturers of the Home Inspection Software market?
Who are the distributors, traders, and dealers of the Home Inspection Software market?
What are the market opportunities and threats faced by the vendors in the global Steerable Medical Devices Industry?
What are sales, revenue, and price analysis by types and applications of the Home Inspection Software Industry?
What are sales, revenue, and price analysis by regions of Home Inspection Software industry?
What are the driving factors contributing to market growth during the short, medium, and long term?
Home Inspection Software Market: Innovation & Developments
In May 2018, EZ Inspection Software, a prominent vendor in the home inspection software market, launched a real-time tracking software for field personnel, which allows office administrators to regularly monitor field personnel for tracking staff arrival and departure at job sites
In April 2017, HomeHubZone, an inspection solution provider, launched the HomehubZone 2.1 version of the iPhone and iPad App for homebuyers. The application offers seamless access to the HomeSavingsZone with additional features such as moving the checklist front and center, choosing insurance, transporting a car for long-distance movers, and other cost and time-saving features
In February 2018, EZ Inspection Software launched an automated workflow solution to provide seamless vacation rental back-office operations. The solution notifies the person to inspect the property after maintenance, which helps the person generate a notification remotely through a mobile app for any damage even after maintenance.
Key Home Inspection Software Market Trends:
- The report identifies, determines, and forecasts the Global Home Inspection Software Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Home Inspection Software Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is Expected to Drive the Growth
- Rising Adoption of Market Segments in this Growth
- North American, Europe is Expected to Witness Higher Growth Rate over the Forecast Period
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Home Inspection Software Market.
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