The North America Real Estate Software Market would witness market growth of 7.4% CAGR during the forecast period (2021-2027).
The real estate software enhances the productivity of the business by working on various areas like online advertising, websites, and social media resulting in high demand for efficient software. Furthermore, increased digitalization of real estate business & enhanced automated technology is rising demand for real estate software in past few years. Increasing demand for security of confidential data and better data management techniques are rising adoption of various software solutions by different organizations.
Moreover, the real estate software is used to automate certain tasks & processes and enhance the workflow. The software enables an internal team which includes finance, marketing, sales & marketing and top management which can analyze the consumer journey in a better way by monitoring various segments of real estate software, managing dashboards for employees, tracking financial data for orders, and collecting information about leads. This may increase the demand for real estate software resulting in market growth
The prices of real estate in Canada are increased in the recent past. This is because of the increasing attention of the government toward the policy marking for the real estate industry. The Canadian government has taken various initiatives in order to increase the traffic in the real estate industry. These initiatives are the same as taken by the government of the United States. Rising demand for advanced technologies in having a significant impact on customer attitude regarding the purchase of the property. The investors in the region are willing to spend more on the purchase of houses designed with smart infrastructure which arises the demand for real estate software in the North America region.
The US market dominated the North America Real Estate Software Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $3,902.5 million by 2027. The Canada market is poised to grow at a CAGR of 9.9% during (2021 - 2027). Additionally, The Mexico market would estimate a CAGR of 8.9% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Real Estate Software Market is Estimated 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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