The Latin America, Middle East and Africa Real Estate Software Market would witness market growth of 12.0% CAGR during the forecast period (2021-2027).
Real estate software helps in managing the contact information of clients. The spaces & designs are provided to create a detailed information portfolio of clients. The real estate software enables the business to provide standing information to know about the clients to send them best wishes on special occasions which further results in better public relations. Also, the real estate software keeps in touch with previous clients along with generating new clients and thus helps in maintaining long term relationship, which is important for real estate as this industry is not required on routine basis which arises the need of building the relationship for years. Moreover, block chain technology & smart contracts help in simplifying transactions and decreasing the number of stakeholders resulting in increased transparency.
The UAE cabinet has given approval to the formation of the Emirates Tourism Council with the aim of strengthening the tourism portfolio. According to the government of United Arab Emirates, the contribution of the travel & tourism industry to the GDP of the United Arab Emirates was 18.7 billion USD which is about 5.2 percent of GDP. This shows that the tourism industry of the UAE is flourishing, which will also increase the demand for new hotels, and cafes in the region resulting in high demand for real estate software. Additionally, according to the World Population Prospects 2017, the Middle East and Africa would be the fastest growing economies in terms of population.
The Brazil market dominated the LAMEA Real Estate Software Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $363 million by 2027. The Argentina market is anticipated to grow at a CAGR of 12.6% during (2021 - 2027). Additionally, The UAE market would showcase a CAGR of 11.7% during (2021 - 2027).
Based on Deployment Type, the market is segmented into Cloud and On-premise. Based on Type, the market is segmented into Customer Relationship Management Software, Enterprise Resource Planning Software, Property Management Software, Contract Software, and Others. Based on Application, the market is segmented into Residential and Commercial. Based on End-use, the market is segmented into Architects & Engineers, Real Estate Agents, Project Managers, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Real Estate Software Market is Predict to reach $15.8 Billion by 2027, at a CAGR of 8.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include SAP SE, Autodesk, Inc., Oracle Corporation, Microsoft Corporation, Altus Group Limited, CoStar Group, Inc., MRI Software LLC, RealPage, Inc., and Yardi Systems, Inc.
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