Press release
Artificial Intelligence (AI) in Real Estate Market to Reach USD 1803.45 Billion by 2030, Driven by a 35% CAGR Growth
Artificial Intelligence (AI) in Real Estate Market is expected to reach US $ 1803.45 Bn by 2030, at a CAGR of 35% during the forecast period.The market is driven by advancements in machine learning, predictive analytics, and the increasing demand for automation in real estate management.
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Global Artificial Intelligence (AI) in Real Estate Market Competitive Landscape
Key players in the market include Zillow Group, Compass, Redfin Corporation, and Reonomy. These companies are leveraging AI-powered tools to enhance customer experience and streamline property management processes.
Global Artificial Intelligence (AI) in Real Estate Market Regional Insights
United States: Growth and Trends
The U.S. dominates the market due to the rapid adoption of AI technologies and robust real estate infrastructure. Recent mergers and acquisitions, such as Zillow's acquisition of ShowingTime, have bolstered the market. Additionally, Compass is utilizing AI-driven platforms to provide predictive market analysis and customer insights.
Asia-Pacific: Opportunities and Consolidation
Asia-Pacific is witnessing exponential growth, driven by smart city projects and increased investments in AI technology. Notable developments include SoftBank's investment in WeWork and JLL's AI-powered property valuation tools.
Middle East and Africa: Trends and Updation
The Middle East is adopting AI solutions for efficient property management and infrastructure development. Key developments include Dubai's Smart City initiative, which leverages AI to enhance real estate operations and customer experiences.
Europe: Consolidation and Opportunity
Europe is experiencing steady growth, with countries like Germany and the UK leading the charge. Reonomy's expansion into the European market and Knight Frank's AI-driven market analysis tools are driving innovation and market expansion.
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Global Artificial Intelligence (AI) in Real Estate Market Key Recent Developments
Redfin's acquisition of RentPath to enhance data analytics
JLL's partnership with Leverton for AI-based lease management
SoftBank's continued investment in AI-driven real estate startups
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Global Artificial Intelligence (AI) in Real Estate Market Segmentation
by Technology
Machine Learning
Natural Language Processing (NLP)
Computer Vision
by Solution
Chatbots
Customer Behaviour Analytics
Advanced Property Analysis
Customer Relationship Management (CRM)
Data Analytics & Visualization
Lead Generation and Marketing
Property Management
Others
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