openPR Logo
Press release

Global PropTech Market: Industry Trends & Competitive Intelligence

12-05-2022 12:54 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: MarketResearchDirect.com

Summary:

PropTech refers to the integration and application of technologies for the development of products and services in the real estate industry. The focus of PropTech is to automate and improve the use and delivery of real estate services. Virtual reality (VR) and artificial intelligence (AI) represent the tip of the iceberg for the PropTech industry. Like other industries, the real estate industry is not immune to technological change. The global real estate sector has undergone a significant paradigm shift, but its full potential is on display in the PropTech market.

The global market for PropTech was estimated at $REDA CTED in 2021. This market is projected to grow at a CAGR of REDA CTED%, and it is forecast to reach $REDA CTED by the end of 2027. Increased spending, venture capital funding in the technology and growing demand for advanced technology in the real estate industry are key factors driving the growth of the PropTech market. Preliminary research, development spending and high execution costs, however, hinder the market growth. Trends such as the use of VR to increase customer satisfaction, the growing use of AI and blockchain solutions, and a promising climate for startups will create huge opportunities in the market.

In this report, the global PropTech market has been segmented based on property type, industry and geographic region. Property types include residential and commercia. The commercial property segment was valued at $REDA CTED in 2021. The PropTech market for residential property will grow at a CAGR of REDA CTED%, and it is forecast to reach $REDA CTED by the end of 2027. The PropTech market by industry has been segmented into construction, manufacturing, retail, hospitality and others. The construction industry holds the largest global market share, with a value of $REDA CTED in 2021, but the construction sector is expected to experience the highest CAGR, at REDA CTED%, during the forecast period.

By geography, the PropTech market has been segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). The North American region accounted for the highest share of the global PropTech market in 2021, at REDA CTED%, a share valued at $REDA CTED. The presence of many global companies, a robust technology infrastructure and high adoption of advanced technologies (e.g., AI, virtual reality, IoT, cloud) are key factors driving the North American market. Asia-Pacific is currently the fastest-growing market for PropTech globally. This market was valued at $REDA CTED in 2021, and it is projected to grow at a CAGR of REDA CTED% to reach $REDA CTED by the end of 2027.Report Scope:

This report has segmented the PropTech market by property type, by industry and by geographic region. It provides an overview of the global PropTech market and analyzes market trends. Using 2021 as the base year, the report provides estimated market data for the period from 2022 to 2027, while providing revenue forecasts for this period for each market segment. Market values have been estimated based on the total revenue of PropTech solution providers.

The report covers the PropTech market concerning adoption across different regions. It also highlights major trends and challenges that affect the market and the vendor landscape. The report estimates the global market for PropTech in 2021, and it provides projections for the expected market size through 2027. The scope of the study includes the PropTech development platform and associated services, as well as services associated with the platform.

Report Includes:

- A brief general outlook and up-to-date analysis of the global PropTech market
- Analyses of the global market trends, with market revenue data for 2021, estimates for 2022 and 2023, and projections of compound annual growth rates (CAGRs) through 2027
- Highlights of the current and future potential for global PropTech market with an emphasis on new products and technologies, and areas of focus to forecast this market into various segments and subsegments
- Estimation of the actual market size and revenue forecast for global PropTech market, and the corresponding market share analysis based on offering solution, property type, end-use industry, and region
- Technology assessment of the key drivers, restraints, and opportunities that will shape the market for PropTech over the forecast period (2022 to 2027)
- Identification of the companies best positioned to meet the demand for PropTech market due to the increasing investment prospectus by PropTech companies, product launches, mergers and acquisitions, and other market strategic advantages
- Review of recent industry trends, R&D activities, and analysis of the competitive landscape based on recent developments and segmental revenuesPlease see more details: https://www.marketresearchdirect.com/report/global-proptech-market-industry-trends-competitive-intelligence/

Challenge House, Sherwood Drive, Milton Keynes, MK3 6DP ENGLAND UNITED KINGDOM

Market Research Direct is a single source for premium market research reports.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global PropTech Market: Industry Trends & Competitive Intelligence here

News-ID: 2834558 • Views:

More Releases from MarketResearchDirect.com

The Global Small Cell Lung Cancer Market: Prevalence, Treatment, and Market Players
The Global Small Cell Lung Cancer Market: Prevalence, Treatment, and Market Play …
The global market for small cell lung cancer is set to grow in the coming years, driven by the increasing prevalence of the disease. Small cell lung cancer is a sub-type of lung cancer that accounts for less than 20% of cases, and its treatment has proven challenging due to poor survival rates. The median overall survival for patients with small cell lung cancer is just over a year, and
Nanocellulose: Global Markets
Nanocellulose: Global Markets
Summary: The global nanocellulose market totaled $REDACTED in 2021 and $REDACTED in 2022. Growing at a CAGR of REDACTED%, the market is expected to reach $REDACTED in 2027. Given the current state of ecological consciousness, it is challenging to disregard dangerous emissions from any industrial process or human activity due to their negative effects on the environment. Recently, several academics have expressed concern about the need to replace input materials with less-
Anti-Money Laundering: Global Market Outlook
Anti-Money Laundering: Global Market Outlook
Summary: Anti-money laundering (AML) comprises laws, policies, and regulations to safeguard financial frauds and illegal activity. Organizations must comply with these regulations even though compliance led financial institutions do have compliance departments and purchase software solutions. As times are changing, organizations are becoming more adaptive to the AML technologies and the end-user industry is reflecting various important trends shaping how they are being utilized. Increasing stringent regulations and compliance obligations for
Global Multi-Factor Authentication Market: Trends and Forecast (2022-2027)
Global Multi-Factor Authentication Market: Trends and Forecast (2022-2027)
Summary: The demand for MFA, requiring additional proof of identity beyond a simple username and password is gaining widespread acceptance, worldwide. The rising number of identity thefts and breaches, as well as the increased use of IoT/BYOD devices, are driving up demand for MFA. Face recognition, voice analysis and iris recognition are used by organizations to authenticate and verify employees. Post pandemic, there has been a dramatic increase in cyber-based attacks

All 5 Releases


More Releases for PropTech

PropTech Market Revenue Projections What to Expect by 2031
In recent years, the global PropTech Market has witnessed a dynamic shift, influenced by changing consumer preferences, technological advancements, and a growing emphasis on sustainability. The Research report on PropTech Market presents a complete judgment of the market through strategic insights on future trends, growth factors, supplier landscape, demand landscape, Y-o-Y growth rate, CAGR, pricing analysis. It also provides and a lot of business matrices including Porters Five Forces Analysis,
Proptech Market Is Booming So Rapidly | Zumper, Zillow, Qualia
The latest study released on the Global Proptech Market by USD Analytics Market evaluates market size, trend, and forecast to 2030. The Proptech market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors. Key Players in This
PropTechBuzz Unveils Superapp to Propel Global PropTech Industry
After an impressive first year in platform growth, PropTechBuzz is taking another bold step forward with the launch of its much-anticipated superapp. Designed to further revolutionize the proptech industry, this superapp is an all-in-one platform to discover the right proptech solutions  from around the world powered through community. Following its successful website launch last year, PropTechBuzz has become a cornerstone in the global proptech ecosystem, promoting hundreds of proptech products
Global PropTech Market Size & Trends
According to a new market research report published by Global Market Estimates, the global proptech market is expected to grow at a CAGR of 15.8% from 2023 to 2028. Global proptech market growth is driven by rising demand for data driven analysis and web based deployment. Browse 147 Market Data Tables and 115 Figures spread through 163 Pages and in-depth TOC on "Global PropTech Market - Forecast to 2028'' https://www.globalmarketestimates.com/market-report/proptech-market-4166 Key Market
Global PropTech Market Research Report 2023
Global PropTech Market The global PropTech market was valued at US$ million in 2022 and is anticipated to reach US$ million by 2029, witnessing a CAGR of % during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes. North American market for PropTech is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of %
Toronto-based Proptech, Landslo Closes $500K Equity Round
We are thrilled to announce that our portfolio company, Landslo, has closed $500,000 in new funding from a stellar lineup of successful serial founders and Canadian family offices. Led by CEO Jason Gamblen, former co-founder of Innerspace, Landslo is a recent spin-out from the FutureSight Venture Studio. Landslo is an AI-powered sales outreach platform delivering a remarkable 4 times the conversion in real estate & financial services than incumbents at a