Asia Pacific PropTech Market Size, Share & Industry Trends Analysis Report By End-user, By Property Type (Residential and Commercial & Industrial), By Deployment Type (Cloud and On-premise), By Solution, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Asia Pacific PropTech Market would witness market growth of 16.3% CAGR during the forecast period (2022-2028).
Proptech, also known as property technology, is the nexus of the real estate sector and technology, software, and digital solutions designed to maximize the sale-purchase, research, marketing, and administration of properties. In the long run, cross-industry technology will change how we interact with and access the country's real estate market, making proptech a young but promising area in the Indian real estate market.
India's ambitious goal of becoming a USD 5 trillion economy by  is predicted to benefit greatly from innovations and disruptions in the real estate industry and the construction industry. This industry, which includes sustainability, financing, sales, and building, along with technology integration, may be further separated into residential and commercial real estate.
India is likely to be an attractive market for safer city solutions because of the many projects that have been declared and are anticipated to be completed in the next years. Eliminating growing threats to individuals, their homes, crucial infrastructure, and economic centers is the major objective. As part of the Safer City initiative, new technologies will be integrated with the present security system. The major goals of new technology and solutions are to promote flexible and coordinated collaboration among different municipal operators and to accelerate reaction times. In light of all these possibilities, the PropTech industry in APAC will see rapid growth.
The China market dominated the Asia Pacific PropTech Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $4,630.1 million by 2028.The Japan market is estimated to grow a CAGR of 15.6% during (2022 - 2028). Additionally, The India market would experience a CAGR of 17% during (2022 - 2028).
Based on End-user, the market is segmented into Housing Associations, Property Managers/ Agents, Property Investors/ Residents and Others. Based on Property Type, the market is segmented into Residential and Commercial & Industrial. Based on Deployment Type, the market is segmented into Cloud and On-premise. Based on Solution, the market is segmented into Software and Service. Based on Software Type, the market is segmented into Property Management, Asset Management, Sales & Advertisements, Work order Management and Customer Relationship Management & Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide PropTech Market is Projected to reach USD 64.3 Billion by 2028, at a CAGR of 15.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Altus Group Limited, Ascendix Technologies, Zumper, Inc., Opendoor technologies, Inc., Reggora, Inc., Guesty Inc., Holo Builder (FARO Technologies, Inc.), Zillow Group, Inc., ManageCasa, Inc., and Coadjute Limited.
Scope of the Study
Market Segments Covered in the Report:
- Housing Associations
- Property Managers/ Agents
- Property Investors/ Residents
By Property Type
- Commercial & Industrial
By Deployment Type
- Property Management
- Asset Management
- Sales & Advertisements
- Work order Management
- Customer Relationship Management & Others
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Altus Group Limited
- Ascendix Technologies
- Zumper, Inc.
- Opendoor technologies, Inc.
- Reggora, Inc.
- Guesty Inc.
- Holo Builder (FARO Technologies, Inc.)
- Zillow Group, Inc.
- ManageCasa, Inc.
- Coadjute Limited
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