The IoT in Proptech Market is expected to develop at a 14.6% CAGR to reach a value of USD 1,224 million by the end of 2023. Key themes that are transforming the real estate and property technology sectors are driving the market's dynamic developments and innovations. The growing use of smart building management systems is one such trend.
Property owners and managers are using IoT technologies to monitor and regulate various building processes to increase efficiency and lower operating expenses. This trend involves the integration of energy management solutions, occupancy sensors, and Internet of Things (IoT) devices for HVAC (heating, ventilation, and air conditioning) systems. These devices work together to create more environmentally friendly and sustainable buildings.
Digitalization has supplanted analogue means of living. By incorporating technology into the areas of marketing, shopping, purchasing, selling, and renting homes, PropTech has achieved significant progress in the real estate industry.
The government has noticed a significant impact on the economy thanks to the Internet of Things and artificial intelligence. IoT investments will have a big positive impact on both the environment and society.
Sample Report Available at Your Request: https://wemarketresearch.com/sample-request/iot-in-proptech-market/1319
Market Dynamics
Predictive maintenance solutions' growing popularity is one of the main factors propelling the Internet of Things' expansion in the proptech sector. Using IoT sensors, data analytics, and machine learning, predictive maintenance forecasts when building systems and equipment need maintenance or repairs before they break down. With a plethora of advantages, this proactive approach is transforming the real estate and property management sectors.
Country Scope
U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria
Market Competitive Outlook
Honeywell (US), Siemens (Germany), Schneider Electric (France), Johnson Controls (US), IBM (US), Microsoft (US), Cisco (US), Google (US), Amazon (US), Bosch (Germany), ABB (Switzerland), Nortek Control (US), Lutron (US)
Market Segmental Analysis
By Application
Smart Building Management
Smart Home Automation
Energy Management
Security and Surveillance
Environmental Monitoring
Predictive Maintenance
Occupant Experience Enhancement
Parking Management
Others
By End User
Residential
Commercial (Office Spaces, Retail, Hospitality)
Industrial
Healthcare Facilities
Educational Institutions
Government and Public Buildings
By Component
Hardware (Sensors, Gateways, Devices)
Software (IoT Platforms, Data Analytics, Applications)
Services (Consulting, Integration, Maintenance)
By Protocol
Wi-Fi
Bluetooth
Zigbee
Z-Wave
LoRa
Sigfox
NB-IoT
Others
By IoT Devices
Smart Thermostats
Smart Lighting Systems
Smart Locks
Security Cameras
Smart Sensors (Occupancy, Temperature, Humidity)
Smart HVAC Systems
Building Automation Systems
Buy Now Full Report: https://wemarketresearch.com/purchase/iot-in-proptech-market/1319?license=single
Frequently Asked Questions
1. What is the size of IoT in proptech market?
2. How much share does APAC hold within the IoT in proptech market?
3. Which are the key companies operating within the IoT in proptech market?
4. Which application dominates the IoT in proptech market?
About We Market Research:
WE MARKET RESEARCH is an established market analytics and research firm with a domain experience sprawling across different industries. We have been working on multi-county market studies right from our inception. Over the time, from our existence, we have gained laurels for our deep rooted market studies and insightful analysis of different markets.
Our strategic market analysis and capability to comprehend deep cultural, conceptual and social aspects of various tangled markets has helped us make a mark for ourselves in the industry. WE MARKET RESEARCH is a frontrunner in helping numerous companies; both regional and international to successfully achieve their business goals based on our in-depth market analysis. Moreover, we are also capable of devising market strategies that ensure guaranteed customer bases for our clients.
Contact Us:
Mr. Robbin Joseph
Corporate Sales, USA
We Market Research
USA: +1-724-618-3925
Websites: https://wemarketresearch.com/
Email: [email protected]
Related Articles:
