ID: MRFR/ICT/8081-HCR | February 2021 | Region: Global | 141 pages
With the growth in the real estate industry, enterprises in developing regions such as Asia-Pacific, South America, and the Middle East & Africa, are looking for comprehensive solutions that can increase business efficiency. Different software is proving to be helpful for various business operations. For instance, real estate CRM software is helpful for agents to manage all their contacts i.e. buyers and sellers. For any enterprise, maintaining strong relationships with its stakeholders is the key to growing its business. Comprehensive real estate CRM solutions can lead to increased sales and improved operational efficiency. Real estate software offers several benefits to the users. Most of the real estate software offers integration capability with any legacy software. Furthermore, the software helps in the generation of comprehensive reports and also offers an analysis of trends in the sales and business operations.
Overall the global real estate software is driven by an increasing need to manage and analyze aspects of wealth, assets, and transactions in real estate and the growing adoption of cloud-based solutions.
The Real Estate Software Market is expected to register a 10.1% CAGR during the forecast period, reaching USD 12.89 Billion in 2025.
Real Estate Software Market Regional Analysis:
Geographically, the global real estate software market has been segmented into the Asia-Pacific, North America, Europe, the Middle East & Africa, and South America.
North America leads the market in terms of market share in the global real estate software market. Some of the factors that are responsible for the growth of the market include continuous investments and focus on real estate software among enterprises of all sizes. The presence of several software providers in the market is another factor that significantly contributed to growth in the North America real estate software market in the year 2018. North America has been segmented into the US, Canada, and Mexico. According to MRFR analysis, the US is expected to gain the highest market share, followed by Canada and Mexico. The real estate software market in this region is expected to grow due to the increasing demand for cloud-based software solutions.
Europe has occupied the second position in the market. For the purpose of this study, Europe has been categorized into the UK, Germany, France, Italy and the rest of Europe. Among these, the UK accounted for the largest share in the overall market. However, the rest of Europe is expected to register the highest CAGR during the forecast period.
Real Estate Software Market Companies Covered:
The Key Players of the Global Real Estate Software Market are IBM Corporation (US), Accruent (US), Trimble, Inc. (US), Yardi Systems (US), RealPage (US), MRI Software (US), Fiserv, Inc. (US), Oracle Corporation (US), SAP SE (Germany), Autodesk, Inc. (US), CoStar Group, Inc. (US) and NEMETSCHEK, INC (Germany)
Key Questions Addressed by the Report
|Market Size||USD 12.89 Billion (2025)|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Component, By Deployment|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||IBM Corporation (US), Accruent (US), Trimble, Inc. (US), Yardi Systems (US), RealPage (US), MRI Software (US), Fiserv, Inc. (US), Oracle Corporation (US), SAP SE (Germany), Autodesk, Inc. (US), CoStar Group, Inc. (US) and NEMETSCHEK, INC (Germany)|
|Key Market Opportunities||The presence of several software providers in the market is another factor that significantly contributed to growth in the North America real estate software market in the year 2018.|
|Key Market Drivers||The expansion of construction field can drive the market.|
Frequently Asked Questions (FAQ) :
The global real estate software market can rise at 10.1% CAGR by 2025.
The market can value at USD 12.89 Billion by 2025.
Commercial and residential are some real estate software applications.
Fiserv, Inc. (US), SAP SE (Germany), and Oracle Corporation (US) some reputed names in real estate software market.
The expansion of construction field can drive the market.