Real Estate Software Market size to grow by USD 5.22 billion from 2021 to 2026, Growing middle-class population in developing economies to boost the market growth

NEW YORK, May 8, 2023 /PRNewswire/ — The global real estate software market size is estimated to increase by USD 5.22 billion from 2021 to 2026. The market’s growth momentum will progress at a CAGR of 9% during the forecast period. The global real estate software market is expected to be majorly driven heavily by the increasing middle-class population in developing countries in Asia, South America, and MEA. Factors such as the rapidly increasing economic activities in developing economies such as China, India, Argentina, Indonesia, and South Africa have resulted in the countries witnessing a significant increase in per capita income. The increase in the GDP per capita in China, India, and Indonesia contributes to an increase in the disposable income of the population. Rapid industrial, manufacturing, and economic developments in these countries, due to urbanization, are resulting in a major share of the population opting for long-term investment opportunities. Discover the key insights on market size during the forecast period 2022-2026 before buying the full report –Request a sample report

Real estate software market – Vendor Analysis

Vendor Landscape – The global real estate software market is fragmented, with the presence of several global as well as regional vendors. A few prominent vendors that offer real estate software in the market are Altus Group Ltd, AppFolio Inc., Autodesk Inc., Bentley Systems Inc., CDK Global Inc, CoStar Group Inc, CREATIO EMEA Ltd., Dassault Systemes SE, Fiserv Inc., Fortive Corp., IFCA MSC Berhad, International Business Machines Corp., LanTrax Inc, Microsoft Corp., MRI Software LLC, Oracle Corp., RealPage Inc., SAP SE, Yardi Systems Inc., and Yonyou Hong Kong Co. Ltd and others.

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Vendor Offerings –

  • Altus Group Ltd – The company offers real estate software such as Argus Enterprise, Taliance, EstateMaster, Developer, Voyanta, and ValueInsight.
  • AppFolio Inc. – The company offers real estate software namely AppFolio Property Management which features resident portal, vendor portal, owner portal, and surveys.
  • Autodesk Inc. – The company offers real estate software namely Revit BIM software which helps architecture, engineering, and construction teams to create high quality buildings and infrastructure.
  • For details on the vendor and their offerings – Request a sample report

Real Estate Software Market – Segmentation Assessment

Segment Overview

This report extensively covers real estate software market segmentation by deployment (cloud-based and on-premises) and geography (North America, Europe, APAC, South America, and the Middle East and Africa). 

  • The market share growth in the cloud-based segment will be significant during the forecast period. Factors such as low initial investments, relatively quick implementation, low cost of maintenance, easy accessibility, and scalability drive the segment growth. Cloud-based deployment benefits real estate construction companies as they can change the subscription according to the ongoing construction projects and factors such as security concerns, availability of few customizations, and the requirement of the Internet hamper the adoption of cloud-based deployment. Hence, such factors drive the segment during the forecast period. 

Geography Overview

By geography, the global real estate software market is segmented into North America, Europe, APAC, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global real estate software market.

  • North America is estimated to account for 31% of the market growth during the forecast period. The ever-rising demand for houses in the US facilitates the real estate software market growth in the region over the forecast period. The report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans. Hence, such factors will drive the regional growth during the forecast period.

For insights on global, regional, and country-level parameters with growth opportunities – Download a Sample Report

Real Estate Software Market – Market Dynamics

Key Trends – 

  • The use of blockchain technology in real estate management software is an emerging trend supporting the market growth. 
  • The global real estate software market currently witnesses rapid technological advances that can help overcome the challenges associated with the transparency of data and processes.
  • To increase transparency in each level of activity, blockchain technology is an efficient way for the real estate sector.
  • Blockchain technology ensures that every record is encrypted and that ledgers are hackproof. and with the help of blockchain technology in real estate transactions, payments can be received instantly, even after working hours.

Major challenges – 

  • The global real estate software market is expected to face a heavy challenge from the increasing popularity of open-source real estate management software. 
  • Open-source software is freely available on the internet and it can be downloaded easily. Users can opt for open-source software instead of paid software solutions. 
  • In addition to being transparent due to the availability of source code, open-source software offers cost benefits and scalability, which is lucrative for end-users.
  • Organizations with limited budgets opt for open-source software instead of paid software and open-source software also provides users with various benefits that are offered by a paid software solution.
  • For example, source codes are available for users, and real estate companies can identify and eliminate defects before implementing the software. 

Market dynamics states about consequences & sustainability of the businesses, find some insights from the sample report!

What are the key data covered in this Real Estate Software Market report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the real estate software market between 2022 and 2026
  • Precise estimation of the size of the real estate software market and its contribution to the market with a focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the real estate software market across North America, Europe, APAC, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of the real estate software market vendors

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Related Reports:

The residential real estate market in Myanmar is estimated to grow at a CAGR of 3.97% between 2022 and 2027. The size of the market is forecast to increase by USD 181.3 million. This report extensively covers market segmentation by type (landed houses and villas, apartments, and condominiums), and mode of booking (sales and rental/lease). The growing residential sector in Myanmar is notably driving the market growth.

The global commercial real estate market in Europe is estimated to grow by USD 80.59 billion between 2022 and 2027 accelerating at a CAGR of 5.55%. This commercial real estate market in Europe report extensively covers market segmentation by End-user (offices, retail, leisure, and others) and Type (rental, lease, and sales). Increasing investments in the European commercial real estate market is an ongoing market trend. 

Real Estate Software Market Scope

Report Coverage

Details

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 9%

Market growth 2022-2026

USD 5.22 billion

Market structure

Fragmented

YoY growth 2021-2022 (%)

8.7

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 31%

Key countries

US, China, Japan, UK, and France, Canada, Mexico, Italy,Spain, India, Japan, Australia,  and South Korea

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Altus Group Ltd, AppFolio Inc., Autodesk Inc., Bentley Systems Inc., CDK Global Inc, CoStar Group Inc, CREATIO EMEA Ltd., Dassault Systemes SE, Fiserv Inc., Fortive Corp., IFCA MSC Berhad, International Business Machines Corp., LanTrax Inc, Microsoft Corp., MRI Software LLC, Oracle Corp., RealPage Inc., SAP SE, Yardi Systems Inc., and Yonyou Hong Kong Co. Ltd

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 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.

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Table of Contents:

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Deployment
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis 
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
  • 3.4 Market outlook: Forecast for 2021-2026 
    • Exhibit 13: Chart on Global – Market size and forecast 2021-2026 ($ million)
    • Exhibit 14: Data Table on Global – Market size and forecast 2021-2026 ($ million)
    • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
    • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 17: Five forces analysis – Comparison between 2021 and 2026
  • 4.2 Bargaining power of buyers 
    • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
  • 4.3 Bargaining power of suppliers 
    • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants 
    • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes 
    • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry
    • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition
    • Exhibit 23: Chart on Market condition – Five forces 2021 and 2026

5 Market Segmentation by Deployment

  • 5.1 Market segments
    • Exhibit 24: Chart on Deployment – Market share 2021-2026 (%)
    • Exhibit 25: Data Table on Deployment – Market share 2021-2026 (%)
  • 5.2 Comparison by Deployment 
    • Exhibit 26: Chart on Comparison by Deployment
    • Exhibit 27: Data Table on Comparison by Deployment
  • 5.3 Cloud-based – Market size and forecast 2021-2026 
    • Exhibit 28: Chart on Cloud-based – Market size and forecast 2021-2026 ($ million)
    • Exhibit 29: Data Table on Cloud-based – Market size and forecast 2021-2026 ($ million)
    • Exhibit 30: Chart on Cloud-based – Year-over-year growth 2021-2026 (%)
    • Exhibit 31: Data Table on Cloud-based – Year-over-year growth 2021-2026 (%)
  • 5.4 On-premises – Market size and forecast 2021-2026 
    • Exhibit 32: Chart on On-premises – Market size and forecast 2021-2026 ($ million)
    • Exhibit 33: Data Table on On-premises – Market size and forecast 2021-2026 ($ million)
    • Exhibit 34: Chart on On-premises – Year-over-year growth 2021-2026 (%)
    • Exhibit 35: Data Table on On-premises – Year-over-year growth 2021-2026 (%)
  • 5.5 Market opportunity by Deployment 
    • Exhibit 36: Market opportunity by Deployment ($ million)

6 Customer Landscape

  • 6.1 Customer landscape overview 
    • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

  • 7.1 Geographic segmentation 
    • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
    • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
  • 7.2 Geographic comparison 
    • Exhibit 40: Chart on Geographic comparison
    • Exhibit 41: Data Table on Geographic comparison
  • 7.3 North America – Market size and forecast 2021-2026 
    • Exhibit 42: Chart on North America – Market size and forecast 2021-2026 ($ million)
    • Exhibit 43: Data Table on North America – Market size and forecast 2021-2026 ($ million)
    • Exhibit 44: Chart on North America – Year-over-year growth 2021-2026 (%)
    • Exhibit 45: Data Table on North America – Year-over-year growth 2021-2026 (%)
  • 7.4 Europe – Market size and forecast 2021-2026 
    • Exhibit 46: Chart on Europe – Market size and forecast 2021-2026 ($ million)
    • Exhibit 47: Data Table on Europe – Market size and forecast 2021-2026 ($ million)
    • Exhibit 48: Chart on Europe – Year-over-year growth 2021-2026 (%)
    • Exhibit 49: Data Table on Europe – Year-over-year growth 2021-2026 (%)
  • 7.5 APAC – Market size and forecast 2021-2026 
    • Exhibit 50: Chart on APAC – Market size and forecast 2021-2026 ($ million)
    • Exhibit 51: Data Table on APAC – Market size and forecast 2021-2026 ($ million)
    • Exhibit 52: Chart on APAC – Year-over-year growth 2021-2026 (%)
    • Exhibit 53: Data Table on APAC – Year-over-year growth 2021-2026 (%)
  • 7.6 South America – Market size and forecast 2021-2026 
    • Exhibit 54: Chart on South America – Market size and forecast 2021-2026 ($ million)
    • Exhibit 55: Data Table on South America – Market size and forecast 2021-2026 ($ million)
    • Exhibit 56: Chart on South America – Year-over-year growth 2021-2026 (%)
    • Exhibit 57: Data Table on South America – Year-over-year growth 2021-2026 (%)
  • 7.7 Middle East and Africa – Market size and forecast 2021-2026 
    • Exhibit 58: Chart on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
    • Exhibit 59: Data Table on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
    • Exhibit 60: Chart on Middle East and Africa – Year-over-year growth 2021-2026 (%)
    • Exhibit 61: Data Table on Middle East and Africa – Year-over-year growth 2021-2026 (%)
  • 7.8 US – Market size and forecast 2021-2026 
    • Exhibit 62: Chart on US – Market size and forecast 2021-2026 ($ million)
    • Exhibit 63: Data Table on US – Market size and forecast 2021-2026 ($ million)
    • Exhibit 64: Chart on US – Year-over-year growth 2021-2026 (%)
    • Exhibit 65: Data Table on US – Year-over-year growth 2021-2026 (%)
  • 7.9 China – Market size and forecast 2021-2026 
    • Exhibit 66: Chart on China – Market size and forecast 2021-2026 ($ million)
    • Exhibit 67: Data Table on China – Market size and forecast 2021-2026 ($ million)
    • Exhibit 68: Chart on China – Year-over-year growth 2021-2026 (%)
    • Exhibit 69: Data Table on China – Year-over-year growth 2021-2026 (%)
  • 7.10 UK – Market size and forecast 2021-2026 
    • Exhibit 70: Chart on UK – Market size and forecast 2021-2026 ($ million)
    • Exhibit 71: Data Table on UK – Market size and forecast 2021-2026 ($ million)
    • Exhibit 72: Chart on UK – Year-over-year growth 2021-2026 (%)
    • Exhibit 73: Data Table on UK – Year-over-year growth 2021-2026 (%)
  • 7.11 France – Market size and forecast 2021-2026 
    • Exhibit 74: Chart on France – Market size and forecast 2021-2026 ($ million)
    • Exhibit 75: Data Table on France – Market size and forecast 2021-2026 ($ million)
    • Exhibit 76: Chart on France – Year-over-year growth 2021-2026 (%)
    • Exhibit 77: Data Table on France – Year-over-year growth 2021-2026 (%)
  • 7.12 Japan – Market size and forecast 2021-2026 
    • Exhibit 78: Chart on Japan – Market size and forecast 2021-2026 ($ million)
    • Exhibit 79: Data Table on Japan – Market size and forecast 2021-2026 ($ million)
    • Exhibit 80: Chart on Japan – Year-over-year growth 2021-2026 (%)
    • Exhibit 81: Data Table on Japan – Year-over-year growth 2021-2026 (%)
  • 7.13 Market opportunity by geography 
    • Exhibit 82: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
  • 8.3 Impact of drivers and challenges 
    • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
  • 8.4 Market trends

9 Vendor Landscape

  • 9.1 Overview
  • 9.2 Vendor landscape
    • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
  • 9.3 Landscape disruption
    • Exhibit 85: Overview on factors of disruption
  • 9.4 Industry risks
    • Exhibit 86: Impact of key risks on business

10 Vendor Analysis

  • 10.1 Vendors covered
    • Exhibit 87: Vendors covered
  • 10.2 Market positioning of vendors 
    • Exhibit 88: Matrix on vendor position and classification
  • 10.3 Altus Group Ltd
    • Exhibit 89: Altus Group Ltd – Overview
    • Exhibit 90: Altus Group Ltd – Business segments
    • Exhibit 91: Altus Group Ltd – Key offerings
    • Exhibit 92: Altus Group Ltd – Segment focus
  • 10.4 AppFolio Inc.
    • Exhibit 93: AppFolio Inc. – Overview
    • Exhibit 94: AppFolio Inc. – Product / Service
    • Exhibit 95: AppFolio Inc. – Key offerings
  • 10.5 Autodesk Inc.
    • Exhibit 96: Autodesk Inc. – Overview
    • Exhibit 97: Autodesk Inc. – Business segments
    • Exhibit 98: Autodesk Inc. – Key news
    • Exhibit 99: Autodesk Inc. – Key offerings
    • Exhibit 100: Autodesk Inc. – Segment focus
  • 10.6 CoStar Group Inc
    • Exhibit 101: CoStar Group Inc – Overview
    • Exhibit 102: CoStar Group Inc – Business segments
    • Exhibit 103: CoStar Group Inc – Key offerings
    • Exhibit 104: CoStar Group Inc – Segment focus
  • 10.7 Fiserv Inc.
    • Exhibit 105: Fiserv Inc. – Overview
    • Exhibit 106: Fiserv Inc. – Business segments
    • Exhibit 107: Fiserv Inc. – Key offerings
    • Exhibit 108: Fiserv Inc. – Segment focus
  • 10.8 International Business Machines Corp. 
    • Exhibit 109: International Business Machines Corp. – Overview
    • Exhibit 110: International Business Machines Corp. – Business segments
    • Exhibit 111: International Business Machines Corp. – Key offerings
    • Exhibit 112: International Business Machines Corp. – Segment focus
  • 10.9 LanTrax Inc
    • Exhibit 113: LanTrax Inc – Overview
    • Exhibit 114: LanTrax Inc – Product / Service
    • Exhibit 115: LanTrax Inc – Key offerings
  • 10.10 Oracle Corp.
    • Exhibit 116: Oracle Corp. – Overview
    • Exhibit 117: Oracle Corp. – Business segments
    • Exhibit 118: Oracle Corp. – Key news
    • Exhibit 119: Oracle Corp. – Key offerings
    • Exhibit 120: Oracle Corp. – Segment focus
  • 10.11 SAP SE
    • Exhibit 121: SAP SE – Overview
    • Exhibit 122: SAP SE – Business segments
    • Exhibit 123: SAP SE – Key news
    • Exhibit 124: SAP SE – Key offerings
    • Exhibit 125: SAP SE – Segment focus
  • 10.12 Yardi Systems Inc.
    • Exhibit 126: Yardi Systems Inc. – Overview
    • Exhibit 127: Yardi Systems Inc. – Product / Service
    • Exhibit 128: Yardi Systems Inc. – Key offerings

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Inclusions and exclusions checklist 
    • Exhibit 129: Inclusions checklist
    • Exhibit 130: Exclusions checklist
  • 11.3 Currency conversion rates for US$ 
    • Exhibit 131: Currency conversion rates for US$
  • 11.4 Research methodology
    • Exhibit 132: Research methodology
    • Exhibit 133: Validation techniques employed for market sizing
    • Exhibit 134: Information sources
  • 11.5 List of abbreviations 
    • Exhibit 135: List of abbreviations

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