Real Estate Software Market: Current Analysis and Forecast (2022-2028)

Report Description

The Real Estate Software Market is expected to grow at a strong CAGR of x% during the forecast period 2022-2030. Owing to the increase in the adoption of digital technologies such as VR, AI, and blockchain in the real estate industry. Real estate software is generally a system that assists in managing the relationships between buyers, sellers, agents, brokers, developers, and financial institutions and also, caters to the multiple requirements of real estate agents and real estate firms. It typically involves an experienced consultant working with a client to understand their business goals, challenges, and technical requirements, and then recommending and implementing best-fit software solutions to address those needs. The real estate software helps in easy maintenance monitoring, data tracking, support and customer loyalty, reporting, and easy payments. The motive of software consulting is to improve the efficiency, productivity, and competitiveness of an organization through effective use of software technologies. Moreover, an increase in urbanization and infrastructure development activities, initiatives taken by the governments and the adoption of new technologies for various commercial and residential applications are positively impacting the market growth in this region.

Some of the major players operating in the market include Altus Group.; Autodesk Inc.; CoStar Group; Microsoft; MRI Software LLC; Oracle; RealPage, Inc.; SAP SE; Trimble Inc.; Yardi Systems, Inc.

Insights Presented in the Report

“Amongst types, the customer relationship management software segment holds the highest share of the market during the forecast period.”

Based on type, the market is segmented into customer relationship management software and enterprise resource planning software. Among these, the customer relationship management software holds the highest share of the market. As it helps in improving productivity and efficiency by accelerating routine processes and keeping customers and clients up to date about recent updates. Additionally, the rising demand for ensuring the security of sensitive information is having a positive impact on the customer relationship management software segment.

“Amongst deployment mode, the cloud segment captured the majority share of the industrial relay market in 2021.”

Based on deployment mode the market is bifurcated into on-premise and cloud. Among these, the cloud segment will withhold the maximum CAGR in the forecasted period. The rising demand for efficient management of large volumes of data and higher security standards is leading the demand of this segment. Moreover, the rapid growth in the advancements in technology is making the industry switch toward cloud technology.

“Asia Pacific holds the largest share of the Real Estate Software market in 2021.”

Asia Pacific is expected to emerge as the fastest-growing regional market owing to the rapid growth of economies and infrastructural and industrial projects. Expenditure on infrastructure development projects across countries such as India, China, Japan, and Singapore has been propelled over the years, which could favor the adoption of real estate software across the region. The huge investments rise in smart city projects by the government of growing or developing countries is further fueling the demand for this market in the region.

Real Estate Software   Market Report Coverage

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:

The global Real Estate Software   market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to contact us to get a report that completely suits your requirements.

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Research Methodology

Research Methodology for the Real Estate Software Market Analysis (2022-2030)

Analyzing the historical market, estimating the current market, and forecasting the future market of the global Real Estate Software market were the three major steps undertaken to create and analyze the adoption of Real Estate Software in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global Real Estate Software market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the Real Estate Software market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the Real Estate Software market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as type, deployment mode, end-use, applications .  Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Real Estate Software market. Further, we conducted factor analysis using dependent and independent variables such as type, deployment mode, end-use, and applications of the Real Estate Software market. A thorough analysis was conducted of demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the Real Estate Software market sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global Real Estate Software market, and market shares of the segments. All the required percentage shares split and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of revenue (USD) and the adoption rate of the Real Estate Software  market across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments.
• Key players in the global Real Estate Software market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global Real Estate Software market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of the type, deployment mode, end-use, and applications in the global Real Estate Software market.

The main objective of the Global Real Estate Software   Market Study

The current & future market trends of the global Real Estate Software market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of the Real Estate Software market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments.
• Segments in the study include areas of the type, deployment mode, end-use, and applications.
• Define and analysis of the regulatory framework for the Real Estate Software industry.
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
• Analyze the current and forecast market size of the Real Estate Software market for the major region.
• Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World
• Company profiles of the Real Estate Software market and the growth strategies adopted by the market players to sustain in the fast-growing market.
• Deep dive regional level analysis of the industry

You can also purchase parts of this report. Do you want to check out a section wise
price list?

Get in touch with team