Published Date: 31-Mar-2022
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According to a new report, published by KBV research, The Global Real Estate Software Market size is expected to reach $15.8 billion by 2027, rising at a market growth of 8.9% CAGR during the forecast period.
The Cloud market acquired maximum revenue share the Global Real Estate Software Market by Deployment Type 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $9.6 billion by 2027. The cloud-based software is efficient and fast which result in increased productivity. The efficient management of large amount of data can be done through deployment of cloud model with higher security standards and increasing demand for cloud-based software. The cloud-based software is economical and cost effective for small businesses due to less requirement additional hardware as compared to on premise software.
The Customer Relationship Management Software market is generating high revenue the Global Real Estate Software Market by Type 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $4.2 billion by 2027. The CRM software support relators to be organized follow up the potential buyers, closing sales deals on properties, and move tenants which attract the users for its adoption. Also, rising demand for security of sensitive information contributes to growth of this segment.
The Commercial market is expected to shows high growth rate of 10.1% during (2021 - 2027). The real estate software is in high demand by this segment due to the increased construction of the retail shops in many countries. Also, the increased demand for rented shops and commercial stores is contributing to the market growth.
The Real Estate Agents market is expected to witness a high growth rate of 9.6% during (2021 - 2027). The high demand for real estate software is result of rising adoption of digital technologies like artificial intelligence, VR and blockchain in the real estate industry. Real estate agents are adopting digital technologies like remote marketing & sales, remote property viewing & digital management of properties.
The North America region is leading the Global Real Estate Software Market by Region 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $5.4 billion by 2027. The Europe market is estimated to witness a CAGR of 8% during (2021 - 2027). Additionally, The Asia Pacific market would showcase a CAGR of 10.6% during (2021 - 2027).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of SAP SE, Autodesk, Inc., Oracle Corporation, Microsoft Corporation, Altus Group Limited, CoStar Group, Inc., MRI Software LLC, RealPage, Inc., and Yardi Systems, Inc.
By Deployment Type
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