Real estate software is a set of solutions and platforms that are used for automating administrative, marketing, and other business tasks in real estate companies. Real estate software helps companies manage various functions such as operations, planning, stakeholder management, financing, marketing, and many others.
The main types of real estate software products are customer relationship management software, content management software, financial management software, real estate contract software, and others. Customer relationship management (CRM) real estate software manages the relationships between buyers, sellers, agents, brokers, developers, and financial institutions. The various components include solutions and services, as well as organisations of various sizes, such as large enterprises, small businesses, and medium-sized businesses.It is used in commercial and residential settings and is deployed both on-premise and in the cloud.
The global real estate software market grew from $10.07 billion in 2022 to $11.24 billion in 2023 at a compound annual growth rate (CAGR) of 11.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The real estate software market is expected to grow to $16.41 billion in 2027 at a CAGR of 9.9%.
The real estate software market research report is one of a series of new reports that provides real estate software market statistics, including real estate software industry global market size, regional shares, competitors with a real estate software market share, detailed real estate software market segments, market trends and opportunities, and any further data you may need to thrive in the real estate software industry. This real estate software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.
The adoption of artificial intelligence and machine learning is a rising trend in the real estate software market. Artificial intelligence (AI) enables applications to help real estate companies with marketing campaigns, managing property portfolios, leasing, accounting, operations, and many other functions. One of the recent developments of AI in the real estate market is virtual tours. Virtual tours are provided for properties that are still under construction or for customers abroad, where the customer can see a 3D view of the property. For instance, in February 2021, Zillow Group, an online real-estate marketplace company, launched a virtual tour experience that uses machine learning and various media content to create an interactive floor plan, which makes it easy for buyers to feel the property without visiting in person.
In January 2022, Planon, a US-based real estate and facility management software company, acquired COOR GmbH for an undisclosed amount. This acquisition will help Planon build better real estate software for planning, controlling, and forecasting costs and revenues for all customers. COOR GmbH is an Austrian-based company that develops and implements software solutions for real estate owners and builders.
North America was the largest region in the real estate software market in 2022. The regions covered in the real estate software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The countries covered in the real estate software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.
The rise in commercial and residential real estate activities is expected to propel the growth of the real estate software market going forward. Many leading real estate companies are adopting software solutions for operations to reduce interruptions in services, decrease human errors, allot tasks efficiently for large volume projects, reduce communication gaps, and also manage finances. For instance, according to the Global Construction 2030 report, the volume of construction output is expected to grow by 85% to $15.5 trillion by 2030. China, India, and the United States are the major contributors to this growth. Therefore, the rising high-end apartments, houses, and skyscrapers in developing countries are driving the growth of the real estate software market.
The real estate software market includes revenues earned by entities by providing software tools designed to facilitate real estate property management, from the construction process to the marketing and sales processes and the solution provided by real estate software are management of property database, inbuilt messaging and calling feature, dashboard and analytics, property management, virtual property tour, and map integration. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Major players in the real estate software market are Altus Group Ltd., AppFolio Inc., Autodesk Inc., CoStar Group Inc., Fiserv Inc., International Business Machines Corp., Oracle Corp., SAP SE, Yardi Systems Inc., MRI Software (US), Microsoft Corporation, RealPage Inc., Trimble Inc., LanTrax Inc., Propertybase, Argus Financial Software, SMR Group, and Fiserv Inc.,
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The main types of real estate software products are customer relationship management software, content management software, financial management software, real estate contract software, and others. Customer relationship management (CRM) real estate software manages the relationships between buyers, sellers, agents, brokers, developers, and financial institutions. The various components include solutions and services, as well as organisations of various sizes, such as large enterprises, small businesses, and medium-sized businesses.It is used in commercial and residential settings and is deployed both on-premise and in the cloud.
The global real estate software market grew from $10.07 billion in 2022 to $11.24 billion in 2023 at a compound annual growth rate (CAGR) of 11.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The real estate software market is expected to grow to $16.41 billion in 2027 at a CAGR of 9.9%.
The real estate software market research report is one of a series of new reports that provides real estate software market statistics, including real estate software industry global market size, regional shares, competitors with a real estate software market share, detailed real estate software market segments, market trends and opportunities, and any further data you may need to thrive in the real estate software industry. This real estate software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.
The adoption of artificial intelligence and machine learning is a rising trend in the real estate software market. Artificial intelligence (AI) enables applications to help real estate companies with marketing campaigns, managing property portfolios, leasing, accounting, operations, and many other functions. One of the recent developments of AI in the real estate market is virtual tours. Virtual tours are provided for properties that are still under construction or for customers abroad, where the customer can see a 3D view of the property. For instance, in February 2021, Zillow Group, an online real-estate marketplace company, launched a virtual tour experience that uses machine learning and various media content to create an interactive floor plan, which makes it easy for buyers to feel the property without visiting in person.
In January 2022, Planon, a US-based real estate and facility management software company, acquired COOR GmbH for an undisclosed amount. This acquisition will help Planon build better real estate software for planning, controlling, and forecasting costs and revenues for all customers. COOR GmbH is an Austrian-based company that develops and implements software solutions for real estate owners and builders.
North America was the largest region in the real estate software market in 2022. The regions covered in the real estate software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The countries covered in the real estate software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.
The rise in commercial and residential real estate activities is expected to propel the growth of the real estate software market going forward. Many leading real estate companies are adopting software solutions for operations to reduce interruptions in services, decrease human errors, allot tasks efficiently for large volume projects, reduce communication gaps, and also manage finances. For instance, according to the Global Construction 2030 report, the volume of construction output is expected to grow by 85% to $15.5 trillion by 2030. China, India, and the United States are the major contributors to this growth. Therefore, the rising high-end apartments, houses, and skyscrapers in developing countries are driving the growth of the real estate software market.
The real estate software market includes revenues earned by entities by providing software tools designed to facilitate real estate property management, from the construction process to the marketing and sales processes and the solution provided by real estate software are management of property database, inbuilt messaging and calling feature, dashboard and analytics, property management, virtual property tour, and map integration. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Major players in the real estate software market are Altus Group Ltd., AppFolio Inc., Autodesk Inc., CoStar Group Inc., Fiserv Inc., International Business Machines Corp., Oracle Corp., SAP SE, Yardi Systems Inc., MRI Software (US), Microsoft Corporation, RealPage Inc., Trimble Inc., LanTrax Inc., Propertybase, Argus Financial Software, SMR Group, and Fiserv Inc.,
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Table of Contents
1. Executive Summary2. Real Estate Software Market Characteristics
3. Real Estate Software Market Trends And Strategies
4. Real Estate Software Market - Macro Economic Scenario
4.1 COVID-19 Impact On Real Estate Software Market
4.2 Ukraine-Russia War Impact On Real Estate Software Market
4.3 Impact Of High Inflation On Real Estate Software Market
5. Real Estate Software Market Size And Growth
5.1. Global Real Estate Software Historic Market, 2017-2022, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Real Estate Software Forecast Market, 2022-2027F, 2032F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Real Estate Software Market Segmentation
6.1. Global Real Estate Software Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Enterprise Resource Planning (ERP)
- Property Management System (PMS)
- Customer Relationship Management (CRM)
- Cloud
- On-Premise
- Commercial
- Residential
7.1. Global Real Estate Software Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Real Estate Software Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Real Estate Software Market
8.1. Asia-Pacific Real Estate Software Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.3. Asia-Pacific Real Estate Software Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Real Estate Software Market
9.1. China Real Estate Software Market Overview
9.2. China Real Estate Software Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
9.3. China Real Estate Software Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Real Estate Software Market
10.1. India Real Estate Software Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
10.2. India Real Estate Software Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Real Estate Software Market
11.1. Japan Real Estate Software Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11.2. Japan Real Estate Software Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Real Estate Software Market
12.1. Australia Real Estate Software Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12.2. Australia Real Estate Software Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Real Estate Software Market
13.1. Indonesia Real Estate Software Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13.2. Indonesia Real Estate Software Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Real Estate Software Market
14.1. South Korea Real Estate Software Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14.2. South Korea Real Estate Software Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Real Estate Software Market
15.1. Western Europe Real Estate Software Market Overview
15.2. Western Europe Real Estate Software Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15.3. Western Europe Real Estate Software Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Real Estate Software Market
16.1. UK Real Estate Software Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16.2. UK Real Estate Software Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Real Estate Software Market
17.1. Germany Real Estate Software Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17.2. Germany Real Estate Software Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Real Estate Software Market
18.1. France Real Estate Software Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18.2. France Real Estate Software Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Real Estate Software Market
19.1. Eastern Europe Real Estate Software Market Overview
19.2. Eastern Europe Real Estate Software Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19.3. Eastern Europe Real Estate Software Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Real Estate Software Market
20.1. Russia Real Estate Software Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20.2. Russia Real Estate Software Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Real Estate Software Market
21.1. North America Real Estate Software Market Overview
21.2. North America Real Estate Software Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21.3. North America Real Estate Software Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Real Estate Software Market
22.1. USA Real Estate Software Market Overview
22.2. USA Real Estate Software Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22.3. USA Real Estate Software Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Real Estate Software Market
23.1. South America Real Estate Software Market Overview
23.2. South America Real Estate Software Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23.3. South America Real Estate Software Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Real Estate Software Market
24.1. Brazil Real Estate Software Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24.2. Brazil Real Estate Software Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Real Estate Software Market
25.1. Middle East Real Estate Software Market Overview
25.2. Middle East Real Estate Software Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25.3. Middle East Real Estate Software Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Real Estate Software Market
26.1. Africa Real Estate Software Market Overview
26.2. Africa Real Estate Software Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26.3. Africa Real Estate Software Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Real Estate Software Market Competitive Landscape And Company Profiles
27.1. Real Estate Software Market Competitive Landscape
27.2. Real Estate Software Market Company Profiles
27.2.1. Altus Group Ltd.
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. AppFolio Inc.
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. Autodesk Inc.
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. CoStar Group Inc.
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Fiserv Inc.
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Real Estate Software Market
29. Real Estate Software Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Historic And Forecast Inflation Rates
30.4. Research Inquiries
30.5. About the Publisher
30.6. Copyright And Disclaimer
Executive Summary
Real Estate Software Market Global Market Report 2023 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on real estate software market market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Description:
Where is the largest and fastest growing market for real estate software market? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The real estate software market market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
Scope
Markets Covered:
1) By Product: Enterprise Resource Planning (ERP); Property Management System (PMS); Customer Relationship Management (CRM)2) By Deployment Type: Cloud; On-Premise
3) By Application: Commercial; Residential
Companies Mentioned: Altus Group Ltd.; AppFolio Inc.,; Autodesk Inc.,; CoStar Group Inc.,; Fiserv Inc.,
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- Altus Group Ltd.
- AppFolio Inc.
- Autodesk Inc.
- CoStar Group Inc.
- Fiserv Inc.
- International Business Machines Corp.
- Oracle Corp.
- SAP SE
- Yardi Systems Inc.
- MRI Software
- Microsoft Corporation
- RealPage Inc.
- Trimble Inc.
- LanTrax Inc.
- Propertybase
- Argus Financial Software
- SMR Group
- Fiserv Inc.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | March 2023 |
| Forecast Period | 2023 - 2027 |
| Estimated Market Value ( USD | $ 11.24 billion |
| Forecasted Market Value ( USD | $ 16.41 billion |
| Compound Annual Growth Rate | 9.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 18 |
