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Real Estate Software Market Research With Size, Growth, Key Players, Segments And Forecast To 2033
Real Estate Software Market
The Business Research Company offers in-depth market insights through Real Estate Software Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The real estate software market size has grown strongly in recent years. It will grow from $10.71 billion in 2023 to $11.71 billion in 2024 at a compound annual growth rate (CAGR) of 9.3%. The growth in the historic period can be attributed to market adoption, regulatory landscape, competitive landscape, economic factors, user preferences.
The real estate software market size is expected to see rapid growth in the next few years. It will grow to $17.5 billion in 2028 at a compound annual growth rate (CAGR) of 10.6%. The growth in the forecast period can be attributed to demographic shifts, user demands and expectations, global economic trends, integration with other systems, remote work and flexibility. Major trends in the forecast period include emerging technologies, technological advancements, mobile application, sustainability and green technologies, digitization and automation, blockchain technology.
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Market Segmentation:
The real estate software market covered in this report is segmented -
1) By Product: Enterprise Resource Planning (ERP), Property Management System (PMS), Customer Relationship Management (CRM)
2) By Deployment Type: Cloud, On-Premise
3) By Application: Commercial, Residential
Major Driver - Surge In Real Estate Activities Drives Growth In The Real Estate Software Market
The rise in commercial and residential real estate activities is expected to propel the growth of the real estate software market going forward. Many leading real estate companies are adopting software solutions for operations to reduce interruptions in services, decrease human errors, allot tasks efficiently for large volume projects, reduce communication gaps, and also manage finances. For instance, according to the Global Construction 2023 report, the volume of construction output is expected to grow by 85% to $15.5 trillion by 2030. China, India, and the United States are the major contributors to this growth. Therefore, the rising high-end apartments, houses, and skyscrapers in developing countries are driving the real estate software market growth.
Competitive Landscape:
Major companies operating in the real estate software market report are Microsoft Corporation, International Business Machines Corporation, Oracle Corporation, SAP SE, Fiserv Inc., SMR Group Ltd., Constellation Software Inc., Dassault Systèmes SE, Autodesk Inc., Trimble Inc., CoStar Group Inc., Zillow Group Inc., Mace Group Ltd., RealPage Inc., Yardi Systems Inc., Altus Group Ltd., AppFolio Inc., Entrata Inc., MRI Software LLC, Redfin Corporation, Havelock AHI Holdings Ltd., HomeHubZone LLC, Buildertrend Solutions Inc., Accruent LLC, DPS Group Global, Inside Real Estate LLC, LanTrax Inc., Propertybase LLC, ServusConnect LLC, AMTdirect LLC, Procore Technologies Inc., CoreLogic Inc., Zoho Corporation Pvt Ltd., Newforma Inc.
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https://www.thebusinessresearchcompany.com/report/real-estate-software-global-market-report
Top Trend - Innovations In Real Estate Software With The MRI Engage@Work Property Portal
Major companies operating in the real estate software market are increasing their focus on introducing innovative property portals, such as MRI Engage@Work, to maximize their revenues in the market. Property portals are online platforms that enable the listing, searching, and transaction of real estate properties. For instance, in June 2023, MRI Software LLC, a US-based software company, launched a flexible property portal called MRI Engage @Work. This portal is designed to improve tenant processes with engaging communications and self-service tools, providing a unified experience for tenants while utilizing a diverse range of functionalities. The portal aims to offer an intuitive, streamlined user experience, facilitate interactions between property teams and occupants, and provide easy access to payments. It also supports the development of strong relationships between building staff and tenants, and it is designed to remove communication barriers, strengthen tenant relationships, and reduce operational friction by empowering tenants and property staff.
The Table Of Content For The Market Report 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
…..
27. Real Estate Software Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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