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Real Estate Software Market 2023 Report By Key Companies, Regional Analysis And Forecast 2032 | Altus Group Ltd., AppFolio Inc., Autodesk Inc., CoStar Group Inc., Fiserv Inc.
Real Estate Software Market Size
Real Estate Software Market Size, Growth Rate, And Forecast
The global real estate software market size grew from $10.07 billion in 2022 to $11.24 billion in 2023, at a compound annual growth rate (CAGR) of 11.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The real estate software market size is expected to grow to $16.41 billion in 2027 at a CAGR of 9.9%.
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Real Estate Software Market Drivers
The adoption of artificial intelligence and machine learning is a rising trend in the real estate software market. Artificial intelligence (AI) enables applications to help real estate companies with marketing campaigns, managing property portfolios, leasing, accounting, operations, and many other functions. One of the recent developments of AI in the real estate market is virtual tours. Virtual tours are provided for properties that are still under construction or for customers abroad, where the customer can see a 3D view of the property.
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Real Estate Software Market Segments
• By Product: Enterprise Resource Planning (ERP), Property Management System (PMS), Customer Relationship Management (CRM)
• By Deployment Type: Cloud, On-Premise
• By Application: Commercial, Residential
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the real estate software market.
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Real Estate Software Market Key Players
Major competitors in the real estate software market include Altus Group Ltd., AppFolio Inc., Autodesk Inc., CoStar Group Inc., Fiserv Inc., International Business Machines Corp., Oracle Corp., SAP SE.
The Business Research Company's "Global Real Estate Software Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Real Estate Software Market Include:
1. Executive Summary
2. Real Estate Software Market Characteristics
3. Real Estate Software Market Trends And Strategies
4. Real Estate Software Market - Macro Economic Scenario
5. Real Estate Software Market Size And Growth
…………………..
26. Africa Real Estate Software Market
27. Real Estate Software Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Real Estate Software Market
29. Real Estate Software Market Future Outlook and Potential Analysis
30. Appendix
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