IT in Real Estate Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

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IT in Real Estate Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : January, 2022 | Technology & Media

Report Digest


Global IT in Real Estate Market: Snapshot

Real estate is one of the largest asset classes across the globe, larger than a number of lucrative industries such as healthcare and equity. In many countries, developed as well as developing, real estate lending easily beats credit card debts in terms of magnitude. The real estate sector operates through a network of millions of construction professionals, marketing firms, and an unending number of actively management residential as well as commercial properties across the globe. This heavyweight industry presents highly exciting opportunities, especially for services and products that serve the commercial wing of the global real estate industry.

The IT sector is increasingly helping the real estate sector connect with the rapidly rising consumer base of mobile computing devices such as smartphones and tablet computers. The internet, mobile applications, and social media are also reshaping how the real estate industry connects with consumers and how the consumers manage their daily lives. The move towards mobility has compelled real estate companies, agents, and realtors as well to move ahead of just adapting with the change. Most parties involved in the real estate sector are developing mobile versions of their websites and many companies are also developing specific apps to tackle a larger consumer base.

In the near future, IT will continue to bring vast changes to the way the real estate sector operates or approaches its potential clients. There are a vast range of benefits that the rapid integration of IT principles and tools into the real estate sector ensure. However, the shift from face-to-face meetings to digital data delivery raise the concern of losing touch with consumers in a conventionally people-centered business.

Global IT in Real Estate Market: Overview 

The influx of various real estate-based mobile applications is paving way for organizations in the real estate sector to broadly consider how technology can make their profitability greater. The demand for IT solutions across real estate is likely to increase owing to their benefits such as the smooth conduct of various business processes and efficient information management. These solutions are used for various enterprise applications such as enterprise resource planning, business intelligence, customer relationship management, and business process management. The services offered by them include integration and deployment, maintenance and support, and consulting. The rapid advancements in the cloud technology are providing a significant boost to the growth of the global IT in real estate market. 

The report provides a concise analysis of the global IT in real estate market. It performs an in-depth assessment of the dynamics of the market. It segments the market on the basis of various criteria including geography, premises, and services. It presents statistics for each segment in terms of both value and volume. It focuses on tools such as market attractiveness analysis and Porter’s five force analysis to derive the vendor landscape of the market. It also analyzes key players in the market along with their business strategies, revenue generation, contact information, and latest developments to better understand the competitive landscape. 

Global IT in Real Estate Market: Drivers and Restraints 

With the rapidly growing population, the demand for real estate is skyrocketing. Real estate customers have varied preferences, which are prompting organizations in this sector to implement smart technologies that help them in catering better to the needs of customers and in managing large projects. This is, thereby, driving the global IT in real estate market. Moreover, for these organizations to avoid heavy losses, there is a pressing need for IT solutions that manage data and ensure the security of sensitive information. 

On the other hand, the transformation of property management business from physical to online platform involves high cost and time, which in turn is limiting widespread adoption of IT solutions across the real estate. Furthermore, the lack of knowledge and awareness regarding technical solutions, particularly in developing countries, is hampering the growth of the market. However, the growing adoption of cloud-based solutions is unfolding growth opportunities for the market. 

Global IT in Real Estate Market: Geographical Segmentation 

The key segments studied in the report on the basis of geography are Asia Pacific, Europe, North America, and Rest of the World. North America is anticipated to account for a substantial share throughout the forecast period. The domicile of a large number of real estate giants is providing an edge to the region over other regions. The presence of advanced IT infrastructure along with fast-paced technological advancements is propelling the growth of the region. 

Emerging countries in the Asia Pacific and Rest of the World regions are sights of high growth rates owing to the proliferation of smartphones, which is triggering the adoption of mobility solutions in real estate organizations. The rising adoption of cloud-based solutions and E-commerce platform by real estate companies is also fuelling the growth of the region. 

Global IT in Real Estate Market: Competitive Landscape 

The majority of the players offering IT solutions across the real estate sector are adopting collaborations and partnerships as their go-to strategies to stay ahead in the market. They are also focusing on innovative product launches to stay relevant in the market. Some of the prominent players in the global IT in real estate market are Oracle Corporation, IBM Corporation, Accenture PLC, Microsoft Corporation, SAP SE, MRI Software LLC, and Salesforce.

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?