The North America PropTech Market would witness market growth of 14.7% CAGR during the forecast period (2022-2028).
Proptech and related sub-sectors have enormous potential to unleash real estate potential in rural and urban regions and drive holistic localized development as internet penetration and digitalization become pervasive in developing (Tier-II and Tier-III) cities. Prop Tech companies make up more than 6% of all officially recognized startups.
In terms of overall capital raised throughout sixty-six rounds, the nation ranks fourth (for this industry), with around USD 89.1 million. Some of the most well-known brands in this sector, where buyers, sellers, and agents can communicate and share real estate information instantly, are 99acres, Magicbricks, and Nobroker.
The real estate technology sector is also seeing growth from blockchain technology. The majority of people associate cryptocurrencies like Bitcoin with distributed ledger technology. The way we purchase, sell, and rent real estate, however, might change as a result.
In October 2022, Census estimated that the United States would have spent $1,794.9 billion on construction. Private construction expenditures totaled $1,420.4 billion. Roughly 1.2 million men and women, i.e., approximately 7% of the labor force, are employed in Canada's construction industry, which is a continually growing sector. There are big plans for building all around the country. The United States is the top travel destination for Mexican visitors. 10.4 million Mexicans traveled to the US in 2021, accounting for 47% of all international travelers. Hotels and restaurants would thus become more prevalent. The PropTech market will have growth prospects in the North America area with the expanding building activity throughout the North American countries.
The US market dominated the North America PropTech Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $18,424.1 million by 2028.The Canada market is poised to grow at a CAGR of 17.3% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 16.3% 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 U.S., Mexico, Canada, and Rest of North America.
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.
Proptech and related sub-sectors have enormous potential to unleash real estate potential in rural and urban regions and drive holistic localized development as internet penetration and digitalization become pervasive in developing (Tier-II and Tier-III) cities. Prop Tech companies make up more than 6% of all officially recognized startups.
In terms of overall capital raised throughout sixty-six rounds, the nation ranks fourth (for this industry), with around USD 89.1 million. Some of the most well-known brands in this sector, where buyers, sellers, and agents can communicate and share real estate information instantly, are 99acres, Magicbricks, and Nobroker.
The real estate technology sector is also seeing growth from blockchain technology. The majority of people associate cryptocurrencies like Bitcoin with distributed ledger technology. The way we purchase, sell, and rent real estate, however, might change as a result.
In October 2022, Census estimated that the United States would have spent $1,794.9 billion on construction. Private construction expenditures totaled $1,420.4 billion. Roughly 1.2 million men and women, i.e., approximately 7% of the labor force, are employed in Canada's construction industry, which is a continually growing sector. There are big plans for building all around the country. The United States is the top travel destination for Mexican visitors. 10.4 million Mexicans traveled to the US in 2021, accounting for 47% of all international travelers. Hotels and restaurants would thus become more prevalent. The PropTech market will have growth prospects in the North America area with the expanding building activity throughout the North American countries.
The US market dominated the North America PropTech Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $18,424.1 million by 2028.The Canada market is poised to grow at a CAGR of 17.3% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 16.3% 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 U.S., Mexico, Canada, and Rest of North America.
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
- US
- Canada
- Mexico
- Rest of North America
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 North America PropTech Market, by End-user
1.4.2 North America PropTech Market, by Property Type
1.4.3 North America PropTech Market, by Deployment Type
1.4.4 North America PropTech Market, by Solution
1.4.5 North America PropTech Market, by Type
1.4.6 North America 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. North America PropTech Market by End-user
4.1 North America Housing Associations Market by Country
4.2 North America Property Managers/ Agents Market by Country
4.3 North America Property Investors/ Residents Market by Country
4.4 North America Other End-user Market by Country
Chapter 5. North America PropTech Market by Property Type
5.1 North America Residential Market by Country
5.2 North America Commercial & Industrial Market by Country
Chapter 6. North America PropTech Market by Deployment Type
6.1 North America Cloud Market by Country
6.2 North America On-premise Market by Country
Chapter 7. North America PropTech Market by Solution
7.1 North America Software Market by Country
7.2 North America PropTech Market by Software Type
7.2.1 North America Property Management Market by Country
7.2.2 North America Asset Management Market by Country
7.2.3 North America Sales & Advertisements Market by Country
7.2.4 North America Work order Management Market by Country
7.2.5 North America Customer Relationship Management & Others Market by Country
7.3 North America Service Market by Country
Chapter 8. North America PropTech Market by Country
8.1 US PropTech Market
8.1.1 US PropTech Market by End-user
8.1.2 US PropTech Market by Property Type
8.1.3 US PropTech Market by Deployment Type
8.1.4 US PropTech Market by Solution
8.1.4.1 US PropTech Market by Software Type
8.2 Canada PropTech Market
8.2.1 Canada PropTech Market by End-user
8.2.2 Canada PropTech Market by Property Type
8.2.3 Canada PropTech Market by Deployment Type
8.2.4 Canada PropTech Market by Solution
8.2.4.1 Canada PropTech Market by Software Type
8.3 Mexico PropTech Market
8.3.1 Mexico PropTech Market by End-user
8.3.2 Mexico PropTech Market by Property Type
8.3.3 Mexico PropTech Market by Deployment Type
8.3.4 Mexico PropTech Market by Solution
8.3.4.1 Mexico PropTech Market by Software Type
8.4 Rest of North America PropTech Market
8.4.1 Rest of North America PropTech Market by End-user
8.4.2 Rest of North America PropTech Market by Property Type
8.4.3 Rest of North America PropTech Market by Deployment Type
8.4.4 Rest of North America PropTech Market by Solution
8.4.4.1 Rest of North America 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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