Real Estate Software Market Analysis, Opportunities And Forecast To 2025

Posted by Ehtesham Peerzade on November 12th, 2020

Market Highlights

According to MRFR, the Global Real Estate Software Market 2020 is expected to register a 10.1% CAGR during the forecast period, reaching USD 12.89 Billion in 2025.

The outbreak of COVID-19 is likely to augment the real estate software market in the forthcoming period. The research performed by MRFR tracks the aftermath of the COVID-19 pandemic. Furthermore, a precise evaluation of factors augmenting and impeding the market in the post-COVID-19 environment. We will provide COVID-19 impact analysis with the report.

Overall, global real estate software is driven by a growing need to manage and analyze aspects of wealth, assets, and real estate transactions, and cloud-based solutions being increasingly adopted.

Segmentation:

The Global Real Estate Software Market has been segmented based on Component, Deployment, Application, and Region.

The real estate software market was segmented into solution and service, based on component. Further, the business section is divided into integration & implementation, consultancy, and repair & support services. The strategy section is further broken down into enterprise resource planning, customer relationship management, Billing and Revenue Management (BRM), company content management, among others. In 2018, the Solution segment had the largest share in the overall market. Many real estate companies are deploying these solutions to manage their complex businesses effectively which drives the market.

Based on deployment, the real estate software market has been bifurcated into on-premise and cloud-based segments. The cloud-based segment is slated to register the higher CAGR during the forecast period, 2019–2025

Based on the application, the real estate software market has been segmented as commercial and residential. The commercial segment accounted for the largest share in the year 2018, and it is expected to account for the major share in the forecast period as well.

Regional Analysis

The regional evaluation of the Asia-Pacific, North America, Europe, the Middle East & Africa, and South America has been conducted. As per the analysis, North America leads the market. The region is projected to hold the largest market share during the forecast period. The rise in demand for cloud-based software solutions is the major reason leading to regional expansion. The increasing focus towards developing real estate software has propelled the market growth. Besides, the rising investment in the sector has further fueled market growth in the region. Moreover, the region consists of several software providers, which makes the region stronger than the other regions. Among all nations, the US is estimated to make the most significant participation in expanding the market. The research states, the second position is acquired by Europe. Among all nations, the UK is projected to make the most significant participation in strengthening the regional market. The UK is projected to acquire the largest market share during the forecast period. On the other hand, the rest of Europe is likely to record the highest CAGR during the review period. The APAC region is estimated to expand at the highest CAGR during the forecast period. Among all, India, China, and Japan are estimated to make the most significant participation in the market growth. The fast adoption of cloud computing technology is estimated to drive the regional market at a fast pace. Besides, increment in demand for efficient streamlining daily business among organizations is another factor driving the regional market.

Key Players

The forefront players of the global real estate software market are Accruent (US), IBM Corporation (US), Trimble, Inc. (the US), RealPage (US), Yardi Systems (US),  Fiserv, Inc. (the US), MRI Software (US), Oracle Corporation (US), Autodesk, Inc. (US), SAP SE (Germany),  CoStar Group, Inc. (the US), INC (Germany), and NEMETSCHEK.

Browse Complete Report @ https://www.marketresearchfuture.com/reports/real-estate-software-market-9559