Real Estate Software Market to Remain Lucrative During 2023 - 2032

Real Estate Software Market Analysis:

The global real estate software market is expected to reach USD 12.7474 billion by 2030, growing at a CAGR of 10.10% from 2023 to 2030. The market is being driven by several factors, including:

• Increased commercial and residential real estate activities
• Growing urbanization
• Adoption of software tools to minimize errors in manual processes
• Technological advancements, such as cloud computing and artificial intelligence (AI)
• Growing need for enhanced business workflows

Real estate software is used by a wide range of stakeholders in the real estate industry, including:

• Real estate agents
• Property managers
• Developers
• Investors
• Lenders
• Appraisers

Real estate software can help these stakeholders to streamline their operations, improve efficiency, and make better decisions.

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Key Companies:

Some of the key players in the global real estate software market include:

• Yardi Systems
• RealPage
• CoStar Group
• Salesforce
• Oracle
• SAP
• IBM
• Microsoft
• Jonas Software
• Rent Manager
• Buildium
• AppFolio

These companies offer a wide range of real estate software solutions, including:

• Customer relationship management (CRM) software
• Property management software
• Transaction management software
• Accounting and financial management software
• Asset management software
• Analytics and reporting software

Real Estate Software Market Segmentation:

The global real estate software market is segmented by:

• Type: Contract software, customer relationship management (CRM) software, property management software, transaction management software, accounting and financial management software, asset management software, analytics and reporting software, and others
• Deployment: Cloud and on-premise
• Application: Residential, commercial, industrial, and hospitality
• End-use: Real estate agents, property managers, developers, investors, lenders, appraisers, and others

Regional Insights

North America is the largest market for real estate software, followed by Europe and Asia Pacific. North America is expected to remain the largest market during the forecast period, due to the presence of a large number of real estate companies and a high adoption rate of technology. Europe is also expected to witness significant growth during the forecast period, due to the increasing urbanization and the growing demand for real estate software from property managers and developers. Asia Pacific is expected to be the fastest-growing market during the forecast period, due to the rapid economic growth and the increasing demand for real estate software from all stakeholders.

Industry Latest News

• Yardi Systems Acquires RealPage: In August 2023, Yardi Systems acquired RealPage, the second-largest real estate software company in the world. This acquisition is expected to strengthen Yardi's position as the leading provider of real estate software solutions.
• Salesforce Launches New Real Estate CRM Solution: In July 2023, Salesforce launched a new real estate CRM solution designed to help real estate agents and brokers to manage their leads, contacts, and deals more effectively.
• Oracle Acquires Jonas Software: In June 2023, Oracle acquired Jonas Software, a leading provider of property management software. This acquisition is expected to help Oracle to expand its reach in the real estate software market.

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