IoT Surge Fuels The Expansion Of AI In Real Estate: Critical Driver Shaping the AI In Real Estate Market in 2025

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AI In Real Estate Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size of AI in real estate has been increasing rapidly over the past few years. Projected growth shows that it will expand from $222.65 billion in 2024 to a staggering $303.06 billion in 2025, with an impressive compound annual growth rate (CAGR) of 36.1%. The significant growth in previous years can be accredited to factors such as improved market analytics and forecasting, the advent of chatbots and virtual assistants, more accurate property valuation and prediction, streamlined property search, and implementation of automation in property management.

AI In Real Estate Market Size Forecast: What's the Projected Valuation by 2029?
We anticipate a substantial surge in the size of the AI in real estate market in the foroming years. It's projected to reach $988.59 billion by 2029, with a CAGR of 34.4%. The growth during the forecast period can be attributed to factors such as focus on data protection, customized real estate services, analysis and forecasting of market trends, improved customer engagement, and the need for intelligent building solutions. The forecast period will witness trends such as tailored customer experience, predictive analytics for property value estimation, improved property searching, virtual explorations and visualizations, and automated property management.

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What Are the Drivers Transforming the AI In Real Estate Market?
The escalating use of IoT devices is predicted to heighten the growth of AI in the real estate market in the future. IoT devices, such as tangible objects or tools equipped with sensors, software, and connection features, have the ability to gather and share data online. The function of AI in the real estate sector involves the combination of AI and IoT resources for market and leasing activities, predictive maintenance, utility management and enhancing the tenant experience. For example, according to the IoT Analytics' State of IoT-Spring 2022 report, in 2021, there existed 12.2 billion operational endpoints, marking an 8% increase in the overall count of IoT links. The IoT industry is predicted to advance by 18% to 14.4 billion active connections in 2022. Consequently, the escalating adoption of IoT devices is spurring the growth of AI in the property market.

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What Long-Term Trends Will Define the Future of the AI In Real Estate Market?
Technological advances are becoming a prominent trend in the AI in real estate market. To keep themselves competitive, companies in this sector are implementing the latest innovations. For instance, in September 2022, Restb.ai, a Spanish computer vision provider for the real estate market, unveiled its MLS Suite for Multiple Listing Services in the real estate AI sector. The MLS suite is an array of software tools created to modernize multiple listing services (MLSs). The suite's capabilities, powered by AI, were built to aid MLSs in simplifying the listing entry process, providing safety for IDX and VOW website users, and enhancing and boosting the worth of MLS data. The product features an AI Tagging function, giving users the means to automatically glean property attribute information. Added features include property descriptions, MLS Agent, and compliance, which auto-detect any MLS or association rules violations, such as misuse of listing photos, thus streamlining compliance tasks.

Which Segments in the AI In Real Estate Market Offer the Most Profit Potential?
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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Which Firms Dominate the AI In Real Estate Market by Market Share and Revenue in 2025?
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.

Which Regions Offer the Highest Growth Potential in the AI In Real Estate Market?
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

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