The Latin America, Middle East and Africa PropTech Market would witness market growth of 18.5% CAGR during the forecast period (2022-2028).
Microsoft Excel was the preferred application at the start of this time. Excel could be used by agencies to gather, store, and analyze customer and property data, but the market swiftly shifted to proptech software development, which produced solutions tailored to the real estate industry. The development of new products in this field led to the birth of a new real estate business model.
At the time, the emphasis was on offering technology to assist agents in doing analytics and underwriting more effectively. After then, the usage of PropTech soared in the early 2000s as online searching for everything and everything became the standard. Proptech businesses, such as Redfin and Trulia, started to develop as technology companies with a real estate-specific emphasis. Real estate technology, sometimes known as PropTech, has suddenly become a separate industry.
Over the next five years, it is anticipated that the value of the construction industry in the United Arab Emirates will increase by between 3.7 and 4.7%. Growth will mostly be fueled by the nation's development plan, which is focused on enhancing the country's industrial, transportation, and energy infrastructure. As part of the Projects of the 50 program, the UAE government announced intentions to carry out a number of projects in order to draw $149.8 billion in foreign direct investment (FDI) over the next nine years. These initiatives are designed to hasten the economic growth of the UAE and turn the country into a complete center for all industries. With the growth of diverse businesses, so will the need for lodging and mobile medical facilities for migrant workers. The market for PropTech is anticipated to rise in the LAMEA area as a result of the rising demand for real estate.
The Brazil market dominated the LAMEA PropTech Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,171.9 million by 2028.The Argentina market is exhibiting a CAGR of 19.2% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 18.2% during (2022 - 2028).
Based on End-user, the market is segmented into Housing Associations, Property Managers/ Agents, Property Investors/ Residents and Others. Based on Property Type, the market is segmented into Residential and Commercial & Industrial. Based on Deployment Type, the market is segmented into Cloud and On-premise. Based on Solution, the market is segmented into Software and Service. Based on Software Type, the market is segmented into Property Management, Asset Management, Sales & Advertisements, Work order Management and Customer Relationship Management & Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Altus Group Limited, Ascendix Technologies, Zumper, Inc., Opendoor technologies, Inc., Reggora, Inc., Guesty Inc., Holo Builder (FARO Technologies, Inc.), Zillow Group, Inc., ManageCasa, Inc., and Coadjute Limited.
Microsoft Excel was the preferred application at the start of this time. Excel could be used by agencies to gather, store, and analyze customer and property data, but the market swiftly shifted to proptech software development, which produced solutions tailored to the real estate industry. The development of new products in this field led to the birth of a new real estate business model.
At the time, the emphasis was on offering technology to assist agents in doing analytics and underwriting more effectively. After then, the usage of PropTech soared in the early 2000s as online searching for everything and everything became the standard. Proptech businesses, such as Redfin and Trulia, started to develop as technology companies with a real estate-specific emphasis. Real estate technology, sometimes known as PropTech, has suddenly become a separate industry.
Over the next five years, it is anticipated that the value of the construction industry in the United Arab Emirates will increase by between 3.7 and 4.7%. Growth will mostly be fueled by the nation's development plan, which is focused on enhancing the country's industrial, transportation, and energy infrastructure. As part of the Projects of the 50 program, the UAE government announced intentions to carry out a number of projects in order to draw $149.8 billion in foreign direct investment (FDI) over the next nine years. These initiatives are designed to hasten the economic growth of the UAE and turn the country into a complete center for all industries. With the growth of diverse businesses, so will the need for lodging and mobile medical facilities for migrant workers. The market for PropTech is anticipated to rise in the LAMEA area as a result of the rising demand for real estate.
The Brazil market dominated the LAMEA PropTech Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,171.9 million by 2028.The Argentina market is exhibiting a CAGR of 19.2% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 18.2% during (2022 - 2028).
Based on End-user, the market is segmented into Housing Associations, Property Managers/ Agents, Property Investors/ Residents and Others. Based on Property Type, the market is segmented into Residential and Commercial & Industrial. Based on Deployment Type, the market is segmented into Cloud and On-premise. Based on Solution, the market is segmented into Software and Service. Based on Software Type, the market is segmented into Property Management, Asset Management, Sales & Advertisements, Work order Management and Customer Relationship Management & Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Altus Group Limited, Ascendix Technologies, Zumper, Inc., Opendoor technologies, Inc., Reggora, Inc., Guesty Inc., Holo Builder (FARO Technologies, Inc.), Zillow Group, Inc., ManageCasa, Inc., and Coadjute Limited.
Scope of the Study
Market Segments Covered in the Report:
By End-user
- Housing Associations
- Property Managers/ Agents
- Property Investors/ Residents
- Others
By Property Type
- Residential
- Commercial & Industrial
By Deployment Type
- Cloud
- On-premise
By Solution
- Software
- Property Management
- Asset Management
- Sales & Advertisements
- Work order Management
- Customer Relationship Management & Others
- Service
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Altus Group Limited
- Ascendix Technologies
- Zumper, Inc
- Opendoor technologies, Inc
- Reggora, Inc
- Guesty Inc
- Holo Builder (FARO Technologies, Inc.)
- Zillow Group, Inc
- ManageCasa, Inc
- Coadjute Limited
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA PropTech Market, by End-user
1.4.2 LAMEA PropTech Market, by Property Type
1.4.3 LAMEA PropTech Market, by Deployment Type
1.4.4 LAMEA PropTech Market, by Solution
1.4.5 LAMEA PropTech Market, by Type
1.4.6 LAMEA PropTech Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 Recent Industry Wide Strategic Developments
3.1.1 Partnerships, Collaborations and Agreements
3.1.2 Product Launches and Product Expansions
3.1.3 Acquisition and Mergers
3.2 Top Winning Strategies
3.2.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.2.2 Key Strategic Move: (Partnerships, Collaborations and Agreements : 2018, Oct - 2022, Sep) Leading Players
Chapter 4. LAMEA PropTech Market by End-user
4.1 LAMEA Housing Associations Market by Country
4.2 LAMEA Property Managers/ Agents Market by Country
4.3 LAMEA Property Investors/ Residents Market by Country
4.4 LAMEA Other End-user Market by Country
Chapter 5. LAMEA PropTech Market by Property Type
5.1 LAMEA Residential Market by Country
5.2 LAMEA Commercial & Industrial Market by Country
Chapter 6. LAMEA PropTech Market by Deployment Type
6.1 LAMEA Cloud Market by Country
6.2 LAMEA On-premise Market by Country
Chapter 7. LAMEA PropTech Market by Solution
7.1 LAMEA Software Market by Country
7.2 LAMEA PropTech Market by Software Type
7.2.1 LAMEA Property Management Market by Country
7.2.2 LAMEA Asset Management Market by Country
7.2.3 LAMEA Sales & Advertisements Market by Country
7.2.4 LAMEA Work order Management Market by Country
7.2.5 LAMEA Customer Relationship Management & Others Market by Country
7.3 LAMEA Service Market by Country
Chapter 8. LAMEA PropTech Market by Country
8.1 Brazil PropTech Market
8.1.1 Brazil PropTech Market by End-user
8.1.2 Brazil PropTech Market by Property Type
8.1.3 Brazil PropTech Market by Deployment Type
8.1.4 Brazil PropTech Market by Solution
8.1.4.1 Brazil PropTech Market by Software Type
8.2 Argentina PropTech Market
8.2.1 Argentina PropTech Market by End-user
8.2.2 Argentina PropTech Market by Property Type
8.2.3 Argentina PropTech Market by Deployment Type
8.2.4 Argentina PropTech Market by Solution
8.2.4.1 Argentina PropTech Market by Software Type
8.3 UAE PropTech Market
8.3.1 UAE PropTech Market by End-user
8.3.2 UAE PropTech Market by Property Type
8.3.3 UAE PropTech Market by Deployment Type
8.3.4 UAE PropTech Market by Solution
8.3.4.1 UAE PropTech Market by Software Type
8.4 Saudi Arabia PropTech Market
8.4.1 Saudi Arabia PropTech Market by End-user
8.4.2 Saudi Arabia PropTech Market by Property Type
8.4.3 Saudi Arabia PropTech Market by Deployment Type
8.4.4 Saudi Arabia PropTech Market by Solution
8.4.4.1 Saudi Arabia PropTech Market by Software Type
8.5 South Africa PropTech Market
8.5.1 South Africa PropTech Market by End-user
8.5.2 South Africa PropTech Market by Property Type
8.5.3 South Africa PropTech Market by Deployment Type
8.5.4 South Africa PropTech Market by Solution
8.5.4.1 South Africa PropTech Market by Software Type
8.6 Nigeria PropTech Market
8.6.1 Nigeria PropTech Market by End-user
8.6.2 Nigeria PropTech Market by Property Type
8.6.3 Nigeria PropTech Market by Deployment Type
8.6.4 Nigeria PropTech Market by Solution
8.6.4.1 Nigeria PropTech Market by Software Type
8.7 Rest of LAMEA PropTech Market
8.7.1 Rest of LAMEA PropTech Market by End-user
8.7.2 Rest of LAMEA PropTech Market by Property Type
8.7.3 Rest of LAMEA PropTech Market by Deployment Type
8.7.4 Rest of LAMEA PropTech Market by Solution
8.7.4.1 Rest of LAMEA PropTech Market by Software Type
Chapter 9. Company Profiles
9.1 Zillow Group, Inc.
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expenses
9.1.5 Recent strategies and developments:
9.1.5.1 Partnerships, Collaborations, and Agreements:
9.1.5.2 Acquisition and Mergers:
9.2 Altus Group Limited
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Recent strategies and developments:
9.2.4.1 Partnerships, Collaborations, and Agreements:
9.2.4.2 Acquisition and Mergers:
9.3 Opendoor technologies, Inc.
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Technology and Development Expenses
9.3.4 Recent strategies and developments:
9.3.4.1 Partnerships, Collaborations, and Agreements:
9.3.4.2 Acquisition and Mergers:
9.4 Holo Builder (FARO Technologies, Inc.)
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Regional Analysis
9.4.4 Research & Development Expense
9.4.5 Recent strategies and developments:
9.4.5.1 Partnerships, Collaborations, and Agreements:
9.5 Zumper, Inc.
9.5.1 Company Overview
9.5.2 Recent strategies and developments:
9.5.2.1 Partnerships, Collaborations, and Agreements:
9.5.2.2 Product Launches and Product Expansions:
9.5.2.3 Acquisition and Mergers:
9.6 Reggora, Inc.
9.6.1 Company Overview
9.6.2 Recent strategies and developments:
9.6.2.1 Partnerships, Collaborations, and Agreements:
9.7 ManageCasa, Inc.
9.7.1 Company Overview
9.7.2 Recent strategies and developments:
9.7.2.1 Partnerships, Collaborations, and Agreements:
9.8 Coadjute Limited
9.8.1 Company Overview
9.8.2 Recent strategies and developments:
9.8.2.1 Partnerships, Collaborations, and Agreements:
9.9 Guesty, Inc.
9.9.1 Company Overview
9.9.2 Recent strategies and developments:
9.9.2.1 Partnerships, Collaborations, and Agreements:
9.9.2.2 Acquisition and Mergers:
9.10. Ascendix Technologies
9.10.1 Company Overview
Companies Mentioned
- Altus Group Limited
- Ascendix Technologies
- Zumper, Inc.
- Opendoor technologies, Inc.
- Reggora, Inc.
- Guesty Inc.
- Holo Builder (FARO Technologies, Inc.)
- Zillow Group, Inc.
- ManageCasa, Inc.
- Coadjute Limited
Methodology
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