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Evolving Market Trends In The AI In Real Estate Industry: Technological Leap For AI In Real Estate Automation
AI In Real Estate
What Is the Expected AI In Real Estate Market Size During the Forecast Period?
The AI In Real Estate Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected AI In Real Estate Market Size During the Forecast Period?
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What Are the High-Growth Segments in the AI In Real Estate Market?
The AI in real estate market covered in this report is segmented -
1) By Technology: Machine Learning, Natural Language Processing (NLP), Computer Vision
2) By Solution: Chatbots, Customer Behavior Analytics, Advanced Property Analysis, Customer Relationship Management (CRM), Data Analytics And Visualization, Lead Generation And marketing, Property Management
3) By Enterprise Size: Large Enterprises, Small And Mid-sized Enterprises (SMEs)
4) By Application: Design And Plan, Construction, Promotion And Sales
Subsegments:
1) By Machine Learning: Predictive Analytics, Price Optimization, Risk Assessment, market Trend Analysis
2) By Natural Language Processing (NLP): Chatbots For Customer Service, Sentiment Analysis, Document Analysis, Voice-Activated Search
3) By Computer Vision: Property Image Analysis, Video Surveillance And Security, Automated Property Valuation, Augmented Reality (AR) For Property Tours
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What Key Drivers Are Expected to Influence Future AI In Real Estate Market Growth?
Expectations for the AI in real estate market's growth are being boosted by the rise in the use of IoT devices. These pieces of hardware, which are fitted with sensors, software, and the ability to connect and share data over the internet, are being used more and more frequently. In the realm of real estate, AI works in conjunction with these IoT devices to enhance fields like market and leasing strategies, foreseeing maintenance needs, managing utilities, and improving the tenant experience. For example, the State of IoT-Spring 2022 report by IoT Analytics, released in May 2022, stated that there were 12.2 billion active endpoints or IoT-connected objects in 2021, marking an 8% rise in total IoT connections. The report also predicted that the IoT sector would see an 18% growth in 2022, with 14.4 billion active connections. As such, it's clear that the escalating usage of IoT devices is fueling the expansion of the AI in real estate market.
Which Companies Hold the Largest Share Across Different AI In Real Estate Market Segments?
Major companies operating in the AI in real estate market include Compass Inc., Redfin Corporation, REX Real Estate, Lexalytics Inc., Microsoft Corporation, Avaamo Technologies Pvt. Ltd., CAPE Analytics LLC, CognitiveScale UK Ltd., ComplyAdvantage, Hyro Technologies Inc., Entera SAS, Oracle Corporation, SAP SE, International Business Machines Corporation, Addepto, Keyway Technologies Inc., HouseCanary Inc., TRIGIGA Inc., GeoPhy Inc., Enodo Inc., Autohost Inc., Propic AI Inc., DEXMA Inc., Skyline AI Inc., Jones Lang LaSalle Inc., Engel & Völkers AG, Zillow Group Inc., Opendoor Technologies Inc., Knock Inc., Offerpad Solutions Inc., Homelight Inc., Reali Inc., Ribbon Home Inc., Orchard Home Loans Inc.
What Trends Are Driving Growth in The AI In Real Estate Market?
The emergence of advanced technology has become a crucial trend in the AI in real estate market. Businesses in this sphere are leveraging these advancements to maintain their market standing. For instance, in September 2022, Restb.ai, a computer vision provider centered on real estate in Spain, initiated the MLS Suite for Multiple Listing Services in the realm of AI in real estate. This suite comprises software tools conceived to facelift MLSs. The AI-driven technologies were designed to support Multiple Listing Services in the automation of the listing entry process, ensuring the security of IDX and VOW website users, bolstering the worth of MLS data. It incorporates the product's AI Tagging feature, enabling users to auto-extract data about property attributes. It also includes property descriptions, MLS Agent, and compliance, which automates the process of identifying any violations of MLS or association rules, such as incorrect use of listing images, for enhancing compliance procedures.
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What Are the Emerging Geographies for The AI In Real Estate Market Growth?
North America was the largest region in the AI in real estate market in 2024. The regions covered in the AI in real estate market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the AI In Real Estate Market?
2. What is the CAGR expected in the AI In Real Estate Market?
3. What Are the Key Innovations Transforming the AI In Real Estate Industry?
4. Which Region Is Leading the AI In Real Estate Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
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