Latest News - Real Estate Software Market: Cloud-based is expected to lead the Deployment segment during 2024-2028

The Real Estate Software Market is being driven by Growing middle-class population

The Real Estate Software Market is expected to grow at a CAGR of 10.22% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 7202.5 million. The global real estate software market is experiencing significant technological advancements, with blockchain technology emerging as a key solution to address data openness challenges. By implementing blockchain, the real estate sector can enhance transparency across all levels of activity. Each record is encrypted and impenetrable to hackers due to blockchain's immutable ledgers, reducing fraud and transaction duplication. Moreover, transactions can be completed swiftly and securely, even outside business hours, eliminating the need for intermediaries and ensuring seamless payment processing. 

Get more information on Real Estate Software Market by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Deployment
  • Cloud-based
  • On-premises
• Application
  • Residential
  • Commercial
• Solution Type
  • Property Management Software
  • CRM Software
  • Accounting Software
  • Marketing Software
• Application Type
  • Lease Management
  • Tenant Management
  • Brokerage Management
  • Portfolio Management
• Geography
  • North America
    • US
  • Europe
    • France
    • UK
  • APAC
    • China
    • Japan
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing middle-class population
• Growing need for cost optimization in real estate software usage
• Increasing adoption of cloud-based software by real estate companies

However, the market also witnesses some limitations, which are as follows:

• Threat of open-source real estate management software
• Rising concerns associated with cybersecurity in real estate software
• Resistance to change of process involving use of new real estate software

Benefits of Buying Global Real Estate Software Market Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Real Estate Software Market Research Report

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

The Real Estate Software Market is witnessing significant growth due to the increasing adoption of digital applications in housing initiatives and construction activities. Real estate professionals, agents, and builders are leveraging software technologies to manage data related to building sites, land transactions, clients, appointments, and reminders. These solutions help streamline data management, enabling real estate professionals to provide smart solutions for sellers and renters. The software market caters to various segments, including construction, utility systems, roads, and structures. Advanced features such as online advertising, social media integration, artificial intelligence, and cloud-based services are becoming essential for real estate businesses to stay competitive. These tools help manage construction activities, client data, and rental properties more efficiently. With the integration of AI and machine learning, real estate software is becoming smarter, offering predictive analytics and personalized services to clients. Overall, the Real Estate Software Market is transforming the industry, making it more efficient, data-driven, and customer-centric.

Market Research Overview

The global IT software market encompasses businesses involved in the creation and distribution of application, system, and database management software. This market segment includes enterprises specializing in the development of software solutions for specific business or consumer applications, encompassing both enterprise and technical software, as well as cloud-based alternatives. Notably, it excludes entities classified under the interactive home entertainment sub-industry and those producing systems or database management software categorized under the systems software sub-industry. According to Technavio's analysis, the IT software market size is determined by the consolidated revenue generated by these entities offering all types of IT software, including cloud solutions. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/