Real Estate Software Market Survey Insights and Forecast 2023-2030

Market Statistics:

The global real estate software market is expected to grow from USD 6.5 billion in 2022 to USD 12.7474 billion by 2030, at a CAGR of 10.10% during the forecast period. This growth is attributed to the increasing demand for automation and efficiency in the real estate industry, the growing adoption of cloud-based software solutions, and the increasing investment in real estate development.

Real estate software can help real estate professionals automate a variety of tasks, such as lead generation, property management, and marketing. This can free up their time so that they can focus on more strategic initiatives. Additionally, real estate software can help real estate professionals improve their customer service and increase their sales.

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Key Companies:

Some of the key players in the global real estate software market include:

• RealPage
• Yardi Systems
• MRI Software
• CoStar Group
• CoreLogic
• Thomson Reuters
• Lone Wolf Technologies
• AppFolio
• Constellation Software
• PropertyWare
• LeaseTrader

Real Estate Software Market Segmentation:

The global real estate software market can be segmented based on type, deployment, application, end-use, and region.

By Type

• Customer Relationship Management (CRM) Software
• Property Management Software
• Enterprise Resource Planning (ERP) Software
• Transaction Management Software
• Valuation Software
• Business Intelligence (BI) Software
• Others

By Deployment

• Cloud-based
• On-premises

By Application

• Residential
• Commercial
• Industrial
• Retail
• Others

By End-use

• Real Estate Agents
• Property Managers
• Real Estate Investors
• Developers
• Lenders
• Others

Regional Insights:

North America is the largest market for real estate software, followed by Europe and Asia Pacific. The North American market is driven by the early adoption of new technologies and the presence of a large number of real estate professionals. The European market is growing due to the increasing demand for real estate software from property managers and real estate investors. The Asia Pacific market is expected to grow at the fastest CAGR during the forecast period, due to the rapid urbanization and the growing real estate sector in the region.

Industry Latest News:

• RealPage acquires Propertyware for $1.3 billion: In August 2023, RealPage, a leading provider of real estate software solutions, acquired Propertyware, another leading real estate software company, for $1.3 billion. This acquisition is expected to strengthen RealPage's position in the real estate software market and give it access to Propertyware's customer base and product portfolio.
• Yardi Systems launches new cloud-based property management platform: In July 2023, Yardi Systems, a leading provider of real estate software solutions, launched a new cloud-based property management platform called Yardi Voyager Go. This platform is designed to help property managers of all sizes manage their properties more efficiently and effectively.
• MRI Software partners with Microsoft to develop AI-powered real estate solutions: In June 2023, MRI Software, a leading provider of real estate software solutions, announced a partnership with Microsoft to develop AI-powered real estate solutions. This partnership is expected to help MRI Software develop new and innovative real estate software solutions that leverage AI technologies.

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