Real Estate Software Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020 - 2030

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Real Estate Software Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020 - 2030

Status : November, 2022 | Technology & Media

Report Digest

Real Estate Software Market: Overview

The real estate software market has been projected to grow at a significant speed in the foreseeable years. The growth avenues in the global market are on the back of the increasing rate of digitization of the existing consumer records and data. This factor further helps the clients to predict the purchasing behavior as well as ongoing trends among consumers. These factors are likely to fuel the expansion avenues in the global market during the forecast period.

In recent years, there has been a rapid growth in the population across the world. Further, urbanization has also increased at a fast pace globally. These factors have stimulated the growth in the key projects for infrastructure development with the use of smart solutions. Along with these factors, the rapid adoption of novel software technologies, for example, artificial intelligence and cloud around different applications are also predicted to bolster the growth opportunities in the real estate software market during the forecast period. 

Real Estate Software Market: Key Trends

On the flip side, the discontinuation of various construction activities around the world during the COVID-19 pandemic has led to a small decline in the real estate software market, which is recovering its growth post-pandemic.

Real estate software is providing assistance to the increased productivity of the businesses as these work for different areas, for example, online advertising, websites, and social media. This factor further drives the increased demand for effective software tools that are likely to fuel lucrative opportunities in the global market in the forthcoming years.

Improvements in the automation technologies and rising digitalization of the real estate businesses are also estimated to put a positive impact on the growth impetus in the real estate software market during the forecast period. Along with this, the need for the improved security of sensitive data as well as data management techniques has also been predicted to fuel the expansion avenues in the global market. 

Real Estate Software Market: Competitive Dynamics and Key Developments

The key players from the real estate software market have been taking initiatives to develop novel growth opportunities in the following years. Technological advancements due to increased R & D activities with rising investments are serving as one of the key strategies to boost the market growth. Along with this, these players are also incorporating some other growth strategies such as geographical expansions, development and launching of products, collaboration with various other players in the industry, expansion of distribution network, mergers & acquisitions, and portfolio diversion to gain a competitive edge in the global market.  

For instance, MRI Software has acquired Manhattan, Trimble’s real estate and workplace solutions business in April 2021. The motive of this action is to enhance the offerings of workplace management.

The key players in the real estate software market are:

  • Altus Group Ltd.
  • Yardi Systems Inc.
  • Autodesk Inc.
  • Trimble Inc.
  • CoStar Realty Information Inc.
  • SAP SE
  • Microsoft Corporation
  • RealPage Inc.
  • Software LLC
  • Oracle Corporation

Real Estate Software Market: Regional Assessment

The real estate software market has been divided into Latin America, Asia Pacific, Europe, the Middle East & Africa, and North America on the basis of geographical regions. North America is likely to account for a noticeable share in the market revenue. The adoption of novel technologies for different residential and commercial applications is predicted to impact the growth avenues in the regional market. In addition to this, increased infrastructure development activities and urbanization are also expected to drive the growth avenues in the North America region. Rising infrastructure investments along with increased concentration on smart city projects have also been serving as noteworthy factors to bolster expansion opportunities in the region.

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.