IMARC Group’s report titled “Real Estate Software Market Report by Type (Customer Relationship Management Software, Enterprise Resource Planning Software, Property Management Software, Contract Software, and Others), Deployment (Cloud, On-Premises), Application (Commercial, Residential), End Use (Architects and Engineers, Project Managers, Real Estate Agents, and Others), and Region 2024-2032” , The global real estate software market size reached US$ 11.13 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 25.74 Billion by 2032, exhibiting a growth rate (CAGR) of 9.76% during 2024-2032.
Factors Affecting the Growth of the Real Estate Software Industry:
- Increased Use of PropTech Solutions:
The Real Estate Software market is growing because more real estate professionals are using PropTech (Property Technology) solutions. These tools help manage properties, sell homes, and improve customer experiences. In 2024, this trend will grow as real estate companies use technology like artificial intelligence (AI) and data analytics to make smarter decisions. For example, AI can help analyze property values, market trends, and better ways to advertise. Tools like virtual and augmented reality are also making it easier for people to view properties online, saving time and reaching more buyers, even in faraway places. As competition increases, real estate companies will continue investing in these innovative tools to stay ahead.
- Focus on Customer Relationship Management (CRM):
Real estate companies are putting more focus on managing relationships with clients using Customer Relationship Management (CRM) software. In 2024, there will be higher demand for CRMs that are specifically made for real estate. These systems help agents organize leads, track interactions, and provide personalized service to clients. They also make marketing more effective by targeting the right people with the right messages. With mobile features, agents can use these tools on the go, helping them respond quickly to clients. As buyers expect better service, real estate companies will invest more in CRMs to improve customer satisfaction and grow their business.
- Importance of Data Security and Following Rules:
As more real estate companies use software, keeping client information safe is a top priority. In 2024, businesses will need to follow strict data protection rules like GDPR and other privacy laws. This means using tools with strong security features like encryption and secure login systems. Clients also want to know how their information is used, so software companies will make it easier to see how data is collected and stored. Real estate software that focuses on security and follows these rules will build trust and attract more clients.
Grab a sample PDF of this report: https://www.imarcgroup.com/real-estate-software-market/requestsample
Leading Companies Operating in the Global Real Estate Software Industry:
- Altus Group Ltd.
- AppFolio Inc.
- CoStar Group Inc.
- Fortive Corporation
- LanTrax Inc.
- MRI Software LLC
- RealPage Inc.
- SAP SE
- Yardi Systems Inc.
Real Estate Software Market Report Segmentation:
Breakup by Type:
- Customer Relationship Management Software
- Enterprise Resource Planning Software
- Property Management Software
- Contract Software
- Others
Breakup by Deployment:
- Cloud
- On-Premises
Breakup by Application:
- Commercial
- Residential
Breakup by End Use:
- Architects and Engineers
- Project Managers
- Real Estate Agents
- Others
Regional Insights:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Real Estate Software Market Trends:
The Real Estate Software market is changing fast, thanks to new technology and growing customer needs. AI and machine learning will help real estate professionals predict market trends and make smarter decisions. Cloud-based software will make it easier for everyone involved—agents, buyers, and sellers—to work together and share real-time information. Mobile apps will become more popular, helping users manage properties and communicate anytime, anywhere. Sustainability will also play a big role, with software designed to promote eco-friendly practices and energy-efficient properties. In 2024, real estate software will focus on being innovative, user-friendly, and built for modern needs.
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
Contact Us
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1–631–791–1145
Comments
0 comment