The Europe PropTech Market would witness market growth of 14.9% CAGR during the forecast period (2022-2028).
Proptech, or property technology, refers to all the technological tools that real estate professionals utilize to streamline the process of buying, selling, researching, marketing, and managing a property. Depending on whose lens you're looking through, these cutting-edge technologies are also referred to as Real Estate Tech, Realtech, Retech, and CRE Tech.
Proptech always refers to a strong alignment between real estate and technology, but at its foundation. Investment platforms that connect retail investors with real estate assets or property management systems that manage residential, commercial, and retail properties are two examples of disruptive technologies in the real estate industry.
According to estimates from Italy's National Association of Building Contractors (ANCE), building investment climbed by 16.4% in 2021 compared to the previous year. It is estimated that France's building industry will progressively grow throughout the predicted timeframe. Government expenditure on infrastructure projects is expected to support the long-term growth of France's construction sector. The French government intends to implement climate resiliency regulations by 2030 in order to achieve a considerable reduction in greenhouse gas emissions. Major retailers all around the country are using modern, ethical building methods. These factors should provide good chances for market growth in the region of Europe.
The Germany market dominated the Europe PropTech Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $4,137.2 million by 2028.The UK market is anticipated to grow at a CAGR of 13.9% during (2022 - 2028). Additionally, The France market would witness a CAGR of 15.7% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global PropTech Market will Hit $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.
By End-user
By Property Type
By Deployment Type
By Solution
By Country
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