Real Estate Software Market Size to Grow by USD 3.82 Bn| 31% of the growth to originate from North America| Technavio

·6 min read

NEW YORK, March 23, 2022 /PRNewswire/ -- According to the research report, Real Estate Software Market will witness a YOY growth of 8.32% in 2020 at a CAGR of almost 9% during the forecast period. The report is segmented by deployment (cloud-based and on-premises), end-user (architects and engineers, project managers, and real estate agents), and geography (North America, APAC, Europe, South America, and MEA).

Technavio has announced its latest market research report titled
 Real Estate Software Market by Deployment, End-user, and Geography - Forecast and Analysis 2020-2024
Technavio has announced its latest market research report titled Real Estate Software Market by Deployment, End-user, and Geography - Forecast and Analysis 2020-2024

For more insights on YOY and CAGR, Read our FREE Sample Report

Vendor Insights

The real Estate Software Market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Some vendors are also adopting inorganic growth strategies such as M&As to remain competitive in the market.

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

  • Altus Group Ltd.

  • AppFolio Inc.

  • Autodesk Inc.

  • CoStar Group Inc.

  • Fiserv Inc.

  • International Business Machines Corp.

  • LanTrax Inc.

  • Oracle Corp.

  • SAP SE

  • Yardi Systems Inc.

Find additional highlights on the growth strategies adopted by vendors and their product offerings, Read Free Sample Report.

Geographical Market Analysis

North America will provide maximum growth opportunities in Real Estate Software Market during the forecast period. According to our research report, the region will contribute 31% of the global market growth. In North America, the United States is the most important market for real estate software. The growth of the market in this region would be slower than that of the European and APAC regions. Over the projection period, the rising demand for hours in the United States will aid the expansion of the real estate software market in North America.

Furthermore, countries such as North America, APAC, Europe, South America, and MEA are expected to emerge as prominent markets for Real Estate Software Market during the forecast period.

Know more about this market's geographical distribution along with the detailed analysis of the top regions. https://www.technavio.com/report/real-estate-software-market-industry-analysis

Key Segment Analysis

During the projection period, the cloud-based segment's share of the real estate software market will expand significantly. The adoption of cloud-based deployment is driven by factors such as minimal initial investments, relatively quick implementation, low maintenance costs, easy accessibility, and scalability.

View FREE Sample: to know additional highlights and key points on various market segments and their impact in coming years.

Key Market Drivers & Challenges:

The growing middle-class population in Asia, South America, the Middle East, and Africa is predicted to boost the worldwide real estate software business. Factors such as rapidly expanding economic activities in developing economies such as China, India, Argentina, Indonesia, and South Africa have resulted in considerable increases in per capita income in such countries.

However, the growing popularity of open-source real estate management software is predicted to pose a significant challenge to the worldwide real estate software business. Open-source software can be simply downloaded and is freely available on the Internet. Instead of paying for software, users can use open-source software. Open-source software provides cost savings and scalability in addition to being transparent due to the availability of source code.

Download a free sample for highlights on market Drivers & Challenges affecting the Real Estate Software Market.

Real Estate Software Market Value Chain Analysis

In order to optimize profit margins and evaluate company plans, an end-to-end understanding of the value chain is required. During the projected period, the data in our value chain analysis segment can assist vendors to reduce costs and improving customer service.

The value chain of the application software market includes the following core components:

  • Inputs

  • Operations

  • Marketing and sales

  • Service

  • Innovation

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Real Estate Software Market Scope

Report Coverage

Details

Page number

120

Base year

2019

Forecast period

2020-2024

Growth momentum & CAGR

Accelerate at a CAGR of 9%

Market growth 2020-2024

3.82 billion

Market structure

Fragmented

YoY growth (%)

8.32

Regional analysis

North America, APAC, Europe, South America, and MEA

Performing market contribution

North America at 31%

Key consumer countries

US

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Altus Group Ltd., AppFolio Inc., Autodesk Inc., CoStar Group Inc., Fiserv Inc., International Business Machines Corp., LanTrax Inc., Oracle Corp., SAP SE, and Yardi Systems Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents:

Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem

  • Value chain analysis

Market Sizing

  • Market definition

  • Market segment analysis

  • Market size 2019

  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five Forces Summary

  • Bargaining power of buyers

  • Bargaining power of suppliers

  • Threat of new entrants

  • Threat of substitutes

  • Threat of rivalry

  • Market condition

Market Segmentation by Deployment

  • Market segments

  • Comparison by Deployment placement

  • Cloud-based - Market size and forecast 2019-2024

  • On-premises - Market size and forecast 2019-2024

  • Market opportunity by Deployment

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation

  • Geographic comparison

  • North America - Market size and forecast 2019-2024

  • Europe - Market size and forecast 2019-2024

  • APAC - Market size and forecast 2019-2024

  • South America - Market size and forecast 2019-2024

  • MEA - Market size and forecast 2019-2024

  • Key leading countries

  • Market opportunity by geography

Drivers, Challenges, and Trends

  • Market drivers

  • Volume driver - Demand led growth

  • Volume driver - Supply led growth

  • Volume driver - External factors

  • Volume driver - Demand shift in adjacent markets

  • Price driver - Inflation

  • Price driver - Shift from lower to higher priced units

  • Market challenges

  • Market trends

Vendor Landscape

  • Overview

  • Vendor landscape

  • Landscape disruption

Vendor Analysis

  • Vendors covered

  • Market positioning of vendors

  • Altus Group Ltd.

  • AppFolio Inc.

  • Autodesk Inc.

  • CoStar Group Inc.

  • Fiserv Inc.

  • International Business Machines Corp.

  • LanTrax Inc.

  • Oracle Corp.

  • SAP SE

  • Yardi Systems Inc.

Appendix

  • Scope of the report

  • Currency conversion rates for US$

  • Research methodology

  • List of abbreviations

About Us:

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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