Real Estate Software Market Report 2025

The real estate software market size has grown strongly in recent years. It will grow from $11.71 billion in 2024 to $12.8 billion in 2025 at a compound annual growth rate (CAGR) of 9.3%. The growth in the historic period can be attributed to market adoption, regulatory landscape, competitive landscape, economic factors, user preferences.

The real estate software market size is expected to see rapid growth in the next few years. It will grow to $19.58 billion in 2029 at a compound annual growth rate (CAGR) of 11.2%. The growth in the forecast period can be attributed to demographic shifts, user demands and expectations, global economic trends, integration with other systems, remote work and flexibility. Major trends in the forecast period include emerging technologies, technological advancements, mobile application, sustainability and green technologies, digitization and automation, blockchain technology.

The growth in commercial and residential real estate activities is anticipated to boost the real estate software market in the future. Numerous leading real estate firms are implementing software solutions to enhance their operations by minimizing service interruptions, reducing human errors, efficiently allocating tasks for large-scale projects, closing communication gaps, and managing finances. For example, in December 2022, Stats NZ Tatauranga Aotearoa, a government data agency in New Zealand, reported a 3.8% increase in building activities in September 2022. Additionally, residential building activity rose by 3.1% during the September 2022 quarter, while non-residential building activity grew by 4.9%. As a result, the increasing development of high-end apartments, houses, and skyscrapers in emerging countries is fueling the growth of the real estate software market.

The real estate software market's expansion is anticipated to be fueled by the rise in urbanization. Urbanization, the process of cities experiencing growth and expansion, often accompanied by population migration from rural to urban areas, is driving the demand for real estate software. These solutions facilitate the efficient management of urban development projects, optimize property transactions, and offer data-driven insights for sustainable and organized urban growth. As of April 2022, according to the World Economic Forum, over 4.3 billion people, equivalent to 55% of the global population, resided in urban settings, and this figure is projected to increase to 80% by 2050. Thus, the increasing trend of urbanization is a key factor propelling the growth of the real estate software market.

The integration of artificial intelligence and machine learning is a growing trend in the real estate software market. Artificial intelligence (AI) empowers applications that assist real estate firms with various functions, including marketing campaigns, property portfolio management, leasing, accounting, and operations. A recent development in AI within the real estate sector is the introduction of virtual tours. These tours allow prospective buyers to view properties that are still under construction or are located abroad, providing a 3D perspective of the property. For instance, in August 2024, reAlpha Tech Corp., a real estate technology company focused on AI development and commercialization, launched reAlpha, a Super App for mobile devices. This Super App delivers a comprehensive, commission-free real estate experience on mobile, enhancing its online platform. It features Claire, reAlpha's generative AI buyer's agent, licensed human agent support, and a variety of homebuying tools, including title and escrow agent services.

Major players in the real estate software market are intensifying their focus on introducing innovative property portals such as MRI Engage@Work to boost their market revenues. Property portals serve as online platforms facilitating the listing, searching, and transactions of real estate properties. In June 2023, MRI Software LLC, a US-based software company, launched the flexible property portal MRI Engage@Work. This portal aims to enhance tenant processes through engaging communications and self-service tools, providing a unified experience. It strives to offer an intuitive user interface, foster interactions between property teams and occupants, and provide convenient access to payments. Additionally, it supports the development of robust relationships between building staff and tenants, aiming to eliminate communication barriers, strengthen tenant relationships, and reduce operational friction by empowering both tenants and property staff.

In January 2022, Planon, a US-based real estate and facility management software company, acquired COOR GmbH for an undisclosed amount. This strategic acquisition positions Planon to develop advanced real estate software for planning, controlling, and forecasting costs and revenues across all customer segments. COOR GmbH, an Austrian-based company, specializes in developing and implementing software solutions for real estate owners and builders.

Major companies operating in the real estate software market include Microsoft Corporation, International Business Machines Corporation, Oracle Corporation, SAP SE, Fiserv Inc., Constellation Software Inc., Dassault Systèmes SE, Autodesk Inc., Trimble Inc., CoStar Group Inc., Zillow Group Inc., RealPage Inc., Yardi Systems Inc., Altus Group Ltd., AppFolio Inc., Entrata Inc., MRI Software LLC, Redfin Corporation, Buildertrend Solutions Inc., Accruent LLC, Inside Real Estate LLC, Propertybase LLC, ServusConnect LLC, AMTdirect LLC, Procore Technologies Inc., CoreLogic Inc., Zoho Corporation Pvt Ltd., Newforma Inc.

North America was the largest region in the real estate software market in 2024. The regions covered in the real estate software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the real estate software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Real estate software comprises a set of solutions and platforms designed to automate various administrative, marketing, and business tasks within real estate companies. This software assists companies in managing operations, planning, stakeholder management, financing, marketing, and other essential functions within the real estate sector.

Real estate software products are categorized into customer relationship management (CRM) software, content management software, financial management software, real estate contract software, and others. CRM real estate software manages relationships among buyers, sellers, agents, brokers, developers, and financial institutions. These software products cater to organizations of various sizes, including large enterprises, small businesses, and medium-sized businesses. They are deployed in commercial and residential settings, both on-premise and in the cloud.

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 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.

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