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 2025-2033”, The global real estate software market size reached USD 12.2 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 28.2 Billion by 2033, exhibiting a growth rate (CAGR) of 9.27% during 2025-2033.
Factors Affecting the Growth of the Real Estate Software Industry:
- AI and Machine Learning in Real Estate:
AI and machine learning (ML) are making real estate software smarter and easier to use. These tools help agents analyze data, predict trends, and estimate property values more accurately. In 2024, more software will use AI to find good investments and manage risks. AI also handles repetitive tasks like finding leads and organizing customer info, freeing up time for agents to close deals. Chatbots and virtual assistants are becoming common, helping answer customer questions quickly and improving service. These features save time, make better decisions, and attract more companies to use real estate software.
- Demand for Remote Work Tools:
Remote work has increased the need for tools that let teams work together from anywhere. Real estate professionals now use software to share documents, manage projects, and communicate with clients. Features like virtual tours, online contracts, and cloud platforms are must-haves. These tools let buyers explore properties remotely, making things easier and faster. As remote work stays popular in 2024, these tools will keep improving, boosting their use in real estate.
- Focus on Sustainability:
Sustainability is a growing priority in real estate, and software is helping make buildings greener. New tools help track energy use, monitor emissions, and meet green building standards. In 2024, more software will focus on making properties energy-efficient and eco-friendly. Smart building systems using IoT technology are also improving energy use and comfort. Real-time data helps managers make better decisions to meet green goals. As demand for eco-friendly buildings grows, real estate software will continue to improve.
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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
Customer Relationship Management Software: Dominates the market with 28.3% share in 2024, focusing on managing client interactions and enhancing customer experiences through advanced tools.
Breakup by Deployment:
- Cloud
- On-Premises
Cloud: Leads the market with 55% share in 2024, offering flexibility, scalability, and cost-effectiveness for real estate businesses through remote access and integration capabilities.
Breakup by Application:
- Commercial
- Residential
Residential: Leads the market with 54.8% share in 2024, driven by the growing demand for management solutions for apartments and single-family homes.
Breakup by End Use:
- Architects and Engineers
- Project Managers
- Real Estate Agents
- Others
Architects and Engineers: Holds 38.9% market share in 2024, focusing on sophisticated tools for design and project management to enhance accuracy and efficiency in real estate development.
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
North America: Accounts for over 34% market share in 2024, characterized by advanced technology adoption and a strong real estate sector driving the demand for software solutions.
Real Estate Software Market Trends:
The real estate software market will grow in 2024 with key trends. Many companies are choosing all-in-one platforms to handle management, sales, and marketing in one place. Data security is a big focus, as companies need to protect sensitive information. Software providers are working on stronger protections to build trust. Personalization is another trend, with AI offering custom recommendations and insights. The market will grow with new technology, a push for sustainability, and tools that support remote and efficient work.
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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.
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