Press release
IT in Real Estate Market Emerging Business Trends and Investment Research Report 2022-2026
The IT in Real Estate Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the IT in Real Estate market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the IT in Real Estate market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the IT in Real Estate market.The IT market in real estate was valued at USD 6.75 billion in 2020 and is expected to reach a value of USD 13.46 billion, by 2026, at a CAGR of 12.2%, over the forecast period (2021-2026).
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Top Leading Companies of IT in Real Estate Market are - SAP SE, The Sage Group PLC, Yardi Systems Inc., Buildium LLC, MRI Software LLC, RealPage Inc., AppFolio Inc, IBM Corporation, Oracle Corporation, Salesforce.com and others.
Industry News and Updates:
- SAP SE collaborated with Acce-nture, Capgemini, and Deloitte, to accelerate customer adoption of SAP S/4HANA cloud (one of the most deployed ERPs), in the process manufacturing, discrete manufacturing, and service industries.
- Sage launched an independent study that revealed the significant savings made by businesses in three major industries, after the implementation of Sage Business Cloud Enterprise Management. The study objectively examined the potential return on investment (ROI) that organizations may realize, by deploying Sage Business Cloud Enterprise Management (formerly Sage X3).
Key Market Trends:
Cloud Type of Deployment is Expected to Account for a Significant Share
- Digital transformation has created an increasing demand for connectivity. The explosion of Big Data with the Internet of Things (IoT) and constant technological innovations to efficiently manage the complex real estate portfolio require simply connected IT solutions. The deployment of these solutions on-premise requires different servers to be purchased for different solutions, which not only add to the redundancy but also lead to the requirement for additional employment, which further increases the cost-to-completion of the project.
- Thus, with a cloud-based solution, such as SAP Cloud for Real Estate, facility managers and lease administrators can manage real estate lease agreements, with all payment and valuation postings being recorded in real time within SAP S/4HANA, providing real estate vendors with a holistic solution to manage operations without additional infrastructure and employment costs.
North American Region is Expected to Account for the Largest Share
- The real estate industry in North America seems to be on an accelerating disruption curve, highlighted by rapid changes in tenant dynamics, customer demographic shifts, and ever-increasing needs for better and faster data access to allow improved service and amenities.
- In the United States, investor sentiment related to real estate remains positive but has weakened over the past year, owing to uncertainty over economic policy and rising interest rates.
- Demand for the multi-family sector remains steady with demographic pressures from millennials and a strong labor market. Moreover, with vacancy rates in the US industrial market at 4.6% as of Q3, 2017, rents have increased significantly across core markets. Also, as per Q2, 2017, CBRE Economic Advisors reported an average net asking rent of USD 6.8 per square foot, which was the highest level on record.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- IT in Real Estate Market Size & Analysis (2016 - 2026)
- Market Share Analysis of IT in Real Estate Market (%),2016 - 2026
- IT in Real Estate Market Share, By Brand
- IT in Real Estate Market Share, By Company
- IT in Real Estate Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies IT in Real Estate Market Value Analysis & Forecast
- Promising IT in Real Estate Development by Major Companies
- Detailed IT in Real Estate Portfolio of the Major Companies
- Major Deals in the IT in Real Estate Market
- Major Companies Analysis
Browse Full Report at:
https://www.marketinsightsreports.com/reports/02082592314/it-market-in-real-estate-growth-trends-covid-19-impact-and-forecasts-2021-2026?Mode=namita
We Offer Customization on Report Based on Specific Client Requirement:
- Country Level analysis for any 5 countries of your choice.
- Competitive analysis of any 5 key market players.
- 40 analyst hours to cover any other data point.
Contact Us:
Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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