SAN FRANCISCO, Jan. 12, 2022
SAN FRANCISCO, Jan. 12, 2022 /PRNewswire/ -- The global real estate software market size is expected to reach USD 18.66 billion by 2028, expanding at a CAGR of 9.7% from 2021 to 2028, according to a new study by Grand View Research, Inc. Factors such as a rise in commercial and residential real estate activities, rising urbanization, and the adoption of new software tools for reducing manual errors are driving the market. Technological advancements, the rising implementation of cloud and Artificial Intelligence (AI), and the rising demand for better business workflows are favoring the market growth. Moreover, the increase in smart city development projects is driving the demand for real estate software.
Key Insights & Findings from the report:
Read 110 page market research report, "Real Estate Software Market Size, Share & Trends Analysis Report By Type (CRM Software, Enterprise Resource Planning Software), By Deployment, By End Use, By Application, By Region, And Segment Forecasts, 2021 - 2028", by Grand View Research
The benefits of real estate software, including improved business productivity, are also driving the market growth. Since a real estate business spans numerous areas such as social media, websites, and online advertising, the demand for effective real estate management tools is rising. Furthermore, manually creating and maintaining separate accounts for each area of work could be time-consuming due to a rise in the number of clients and requirements. Businesses are adopting real estate software to solve these issues and improve business productivity standards.
Technological advancements are also driving the growth of the market. With the growing demand for advanced technologies such as artificial intelligence and cloud, real estate businesses have been shifting towards smart home development practices to increase their business growth. For instance, Trulia, a U.S.-based online real estate marketplace, offers updated home searches to its users using AI-based personalization by recognizing customer preferences. The rising adoption of advanced technologies in the real estate sector is expected to drive the demand for real estate software.
Grand View Research has segmented the global real estate software market based on type, deployment, end-use, application, and region:
List of Key Players in the Real Estate Software Market
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About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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