The Global Real Estate Management Software Market has been growing steadily during the past few years with the rapidly rising real estate sector. In 2017, the Real Estate Management Software industry was approximately valued at USD 8,977.4 million. The Real Estate Management Software Market culminated to reach US$ 12,885 Million at a CAGR of 4.7% by 2025. The prime factors driving the Real Estate Management Software Market growth is the new legislator framework formed the various government bodies after the 2008 recession across the globe plus rising demand for sophisticated solutions of real estate.
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Capital flow in real estate sector is quite huge. The competitive landscape of the market across the globe is fragmented as there are number of new entrants emerging in the market which influence the new technologies including artificial intelligence, virtual reality as well as blockchain. Highly competitive landscape of global Real Estate Management Software Market is fragmented because companies leveraging innovative technologies such as Artificial Intelligence, Virtual Reality/ Augmented Reality and blockchain. For instance, a company named Ubitquity LLC founded in year 2015 caters real estate with beta version of blockchain-secured platform to keep the records up-to-date.
Loophole of real estate is absence of transparency. By infusing blockchain in real estate sector, transparency can be easily achieved as this technology ensures all records to be wrapped with encryption and the ledger forbids any sort of hacking. As a result, changes are not applicable once the transaction is accomplished. On the other hand, transactions encompassed lucidity when completed with blockchain in real estate, as payments can be send and received even after working hours. This eliminates the demand for intermediaries needed in transactions, and instead ensures fast and smooth transactions. Frauds gets banished due to the thorough background check, achieved with the help of blockchain. Certainly, this will boost the growth of real estate management software market.
Commencement of cloud technology in the software industry is the major breakthrough. SaaS has facilitated users to pay per use and abort the services when required. The big multifamily property management organizations are heavily benefited with SaaS software as they have convince of easy integration of varied software across the portfolio. In addition to that, SaaS model are feasible enough to support multi-vendor software which are compatible with legacy systems. SaaS platforms allows property managers to club advanced payment solutions with property management solution for seamless transactions.
In the contemporary world, individuals prefer to go for “Work from Home” rather than working at head office, local office or global branch of a company, thus entails mobility for accessing any office data. Moreover, today’s firm are creating virtual workspaces for their employees which minimizes infrastructure requirements, and eventually utilizing their office space in more optimized ways. So, firms hire employees who are tech-savvy and works efficiently in virtual workplace. This has led the organizations looking for management solutions and resulted in adoption of project management and workplace management. These solutions aids real estate agents and associated property managers to keep track of all properties they manage and the maintenance work essential for these properties. This has evolved trend of workplace mobility which has increased growth of property management market.
Growing middle-class population in developing economies such as South Africa, India and China has geared up the per-capita income which became the driving factor of the market. Escalated household incomes has encouraged property purchase. Real estate software supports real estate entities in every aspect of development, from the beginning stage of planning designs to the last product.
According to the type, the real estate software can be further segmented as Enterprise Resource Planning software (ERP), Customer Relationship Management software (CRM), Property Management software (PMS) and others. Real estate ERP software has the highest share amongst all and is forecasted to grow at a CAGR of 4.8% by 2025. This is because ERP software assists the real estate businesses to streamline their business process and to secure the gathered data of customers, project and other activities. Also, this software can monitor data or can track real-time data of multiple projects simultaneously and offer a consolidated information in the form of reports to the users.
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The U.S dominates the North America Real Estate Software indusry and thus defines the trends for the region. Home flipping and rent occupied housing units are rising gradually driving the growth of the real estate sector owing to which companies in this segment in the U.S. are likely to switch to software for smooth management of their business operations. For instance, Airbnb is a software company that rents residential property to the users through their phone/web application across the globe. Also, WeWork, an American company started in 2010, provides shared workspaces for freelancers, entrepreneurs or small businesses.
Key segments of the global Real Estate Management Software Market:
*Product Overview Real Estate Management Software
Real Estate ERP
Real Estate PMS
Real Estate CRM
Others
*Real Estate Management Software Market Application Overview
Small enterprise
Medium enterprise
Large enterprise
**Real Estate Management Software Market Regional Overview
North America
US
Rest of North America
Europe
Germany
United Kingdom
Italy
Spain
Russia
Rest of Europe
Asia Pacific
China
Japan
India
South-east Asia
Rest of APAC
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***Some Points from TOC of Real Estate Management Software Market report:
Chapter 1 Executive Summary
Chapter 2 Research Methodology
Chapter 3 Real Estate Software Market Outlook
Introduction
Key trends
Real Estate Software Market drivers
Real Estate Software Market restraints
Real Estate Software Market opportunities
Chapter 4 Real Estate management Software Market Overview, By Product
ERP
CRM
PMS
Chapter 5 Real Estate Software Market Overview, By Application
Small Enterprises
Medium Enterprises
Large Enterprises
Chapter 6 Real Estate Software Market Overview, By Region
North America
U.S.
Europe
Asia Pacific
Chapter 7 Real Estate Management Software Industry Structure
Chapter 8 Company Profiles of Real Estate Software industry
….Continued
List of Figures present in the report:
- Market segmentation
- Global real estate software market size and analysis by regions (2013-2025) (%)
- North America real estate software market status and outlook (2013-2025) (USD Million)
- North America real estate software market size and analysis by product (2013-2025) (%)
- North America real estate software market size and analysis by application (2013-2025) (%)
- North America real estate software market size and analysis by country (2013-2025) (%)
- EU real estate software market status and outlook (2013-2025) (USD Million)
- EU real estate software market size and analysis by product (2013-2025) (%)
- EU real estate software market size and analysis by application (2013-2025) (%)
- EU real estate software market size and analysis by country (2013-2025) (%)
- Asia Pacific real estate software market status and outlook (2013-2025) (USD Million)
- APAC real estate software market size and analysis by product (2013-2025) (%)
- APAC real estate software market size and analysis by application (2013-2025) (%)
- APAC real estate software market size and analysis by country (2013-2025) (%)
- Rest of the world real estate software market status and outlook (2013-2025) (USD Million)
- Rest of the world real estate software market size and analysis by product (2013-2025) (%)
- Rest of the world real estate software market size and analysis by application (2013-2025) (%)
- Global real estate software revenue (USD Million) and growth (%) Comparison by product (2013-2025) (%)
- Global real estate software revenue (USD Million) market share (%) by product in 2017
- Global ERP real estate software revenue (2013-2025) (USD Million)
….Continued
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