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Real Estate Management Software Market Size Report, 2028

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simone singh
Real Estate Management Software Market Size Report, 2028

The Global Real Estate Management Software Market is expected to grow from USD 8,977.4 million in 2017 to US$ 12,885 Million at a CAGR of 4.7% by 2025. Increasing demand for sophisticated real estate solutions and the new regulatory frameworks formed by different government bodies after the 2008 recession worldwide have influenced the increasing demand for real estate management software market.

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There is a huge flow of capital into this sector and it will flow to companies that could use technology to differentiate themselves from the competitors. The competitive landscape of the global Real Estate Management Software Market is highly fragmented due to emerging companies which leverage new technologies such as blockchain, Artificial Intelligence (AI) and Virtual Reality (VR)/Augmented Reality (AR). For example, Ubitquity LLC, founded in 2015, provides a beta version of blockchain-secured platform for recordkeeping.

The growth of real estate sector in developing countries such as India, China and others is complimented by burgeoning industrial sector and supporting infrastructure development. In developed regions of North America and Europe, the real estate investors are shifting their focus towards second-tier cities away from expensive markets. Due to this transition, well established companies are constantly willing to adapt new technologies such as cloud-based property management to overcome the competition from various emerging players

Rapid urbanization across the world offers growth opportunities for residential and commercial real estate management software market within corporate as well as government institutions. Investors in real estate sector are increasingly investing in real estate property management software market. The construction management software market size is expected to grow with an increase in initiatives for digitalization and adoption of industry wide regulations for adopting best practices.

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Developed countries such as the US, UK, Germany, Australia and Japan are adopting building information modelling (BIM) software for enhancing their work site efficiency. Most of the real estate stakeholders work independently in a non-integrated way resulting in complex workflow processes. Also, most of the real estate processes are paper-based which in-turn, increase the risk of errors and inefficiency. All these challenges turn out to be opportunities for software developers and service providers for the real estate sector and drive the Real Estate Management Software Market.

According to the type, the real estate software can be further segmented as Enterprise Resource Planning software (ERP), Customer Relationship Management software (CRM), Property Management software (PMS) and others. Real estate ERP software has the highest share amongst all and is forecasted to grow at a CAGR of 4.8% by 2025. This is because ERP software assists the real estate businesses to streamline their business process and to secure the gathered data of customers, project and other activities. Also, this software can monitor data or can track real-time data of multiple projects simultaneously and offer a consolidated information in the form of reports to the users.

The U.S dominates the North America Real Estate Software Market and thus defines the trends for the region. Home flipping and rent occupied housing units are rising gradually driving the growth of the real estate sector owing to which companies in this segment in the U.S. are likely to switch to software for smooth management of their business operations. For instance, Airbnb is a software company that rents residential property to the users through their phone/web application across the globe. Also, WeWork, an American company started in 2010, provides shared workspaces for freelancers, entrepreneurs or small businesses.

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****Key segments of the global Real Estate Management Software Market:

*Product Overview, 2013-2025 (USD Million)

  • Real Estate ERP
  • Real Estate PMS
  • Real Estate CRM
  • Others

*Real Estate Management Software Market End-users/Application Overview, 2013-2025 (USD Million)

  • Small enterprise
  • Medium enterprise
  • Large enterprise

**Real Estate Management Software Market Regional Overview, 2013-2025 (USD Million)

  • North America
  • US
  • Rest of North America
  • Europe
  • Germany
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South-east Asia

Rest of APAC

About Us :

Adroit Market Research is an India-based business analytics and consulting company. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

Contact Us :

Ryan Johnson

Account Manager Global

3131 McKinney Ave Ste 600, Dallas,

TX 75204, U.S.A

Phone No.: USA: +1 972-362 -8199 / +91 9665341414

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