Real Estate Property Software Market Report 2024 (Global Edition)

Global Real Estate Property Software Market Report 2024 Market Size Split by Type (Customer Relationship Management Software, Enterprise Resource Planning Software, Property Management Software, Contr...

Real Estate Property Software Market Report Description

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Real Estate Property Software Market Insights Video

Competitive Landscape of the Real Estate Property Software Market

The global real estate software business is highly competitive and comparatively fragmented. The primary tactics employed by rivals in the Real Estate Property Software Market include joint ventures, acquisitions, and new product launches. Product launches are among the primary strategies employed by market participants. Based on the data shown in the Cardinal matrix, Microsoft Corporation is the industry leader in real estate software. Some of the top market inventors are Altus Group Ltd., SAP SE, and CoStar Group, Inc.

June 2022: Citysnap, the first-ever consumer-facing search website and mobile app for REBNY's Residential Listing Service (RLS), was officially launched today by CoStar Group and The Real Estate Board of New York (REBNY). (Source:https://www.costargroup.com/press-room/2022/costar-group-rebny-launch-citysnap-new-consumer-facing-home-search-website-and-app) April 2021: Manhattan is Trimble's real estate and workplace solutions company. MRI Software bought it to improve its workplace management products. (Source:https://www.mrisoftware.com/news/mri-software-completes-acquisition-manhattan-real-estate-workplace-solutions/)

Top Companies Market Share in Real Estate Property Software Industry: (In no particular order of Rank)

• Accruent
• Altus Group Ltd.
• Autodesk Inc.
• MRI Software LLC
• Oracle Corporation
• CoStar Realty Information Inc.
• Microsoft Corporation
• RealPage Inc.
• Trimble Inc.
• Yardi Systems Inc.
• SAP SE
• SMR Group
• Confidential Data
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• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Real Estate Property Software Market

Which Region Dominates the Real Estate Property Software Market in 2024?

According to Cognitive Market Research, North America led the market in 2024, accounting for almost 40% of worldwide sales. The market expansion in this area is being positively impacted by an increase in infrastructure development and urbanization, as well as by the adoption of innovative technologies for a range of residential and commercial applications. Due in large part to the COVID-19 pandemic's negative effects on business and customer attitudes in the area, the construction industry is growing at a slow rate. However, a boost in infrastructure spending and a greater emphasis on smart city initiatives are anticipated to cause the industry to recover in 2022.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific stands out as the fastest-growing region in the Real Estate Property Software market. The building industry's prospective expansion and the well-developed regional economies are credited with the boom. Because of the expansion of the real estate industry in China, India, Singapore, Japan, and other Southeast Asian nations, the area is seen as a significant market for real estate software. The adoption of cutting-edge technology and advantageous governmental and regulatory norms are additional significant variables propelling the demand for real estate software in the region.

The current report Scope analyzes Real Estate Property Software Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Real Estate Property Software Market

According to Cognitive Market Research, the global Real Estate Property Software market size was estimated at USD 10654.2 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 4261.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.5% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Real Estate Property Software market with a market size of USD 3362.47 million in 2024 and is projected to grow at a CAGR of 11.3% during the forecast period. The US has a thriving and well-established real estate industry with a wide range of property types, including expansive residential neighborhoods and skyscrapers for business use. To successfully handle this complicated market, sophisticated technological solutions are required.
• The Canadian Real Estate Property Software market had a market share of USD 511.40 million in 2024 and is projected to grow at a CAGR of 12.3% during the forecast period. The real estate industry in Canada is thriving and growing, especially in big cities like Toronto and Vancouver. In order to handle a large number of properties and transactions, this expanding market requires effective software solutions.
• The Mexico Real Estate Property Software market is projected to witness growth at a CAGR of 12.0% during the forecast period, with a market size of USD 387.81 million in 2024.

Europe Real Estate Property Software Market

According to Cognitive Market Research, the global Real Estate Property Software market size was estimated at USD 10654.2 Million, out of which Europe held the market of more than 30% of the global revenue with a market size of USD 3196.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.8% from 2024 to 2031.

• The United Kingdom Real Estate Property Software market had a market share of USD 536.97 million in 2024 and is projected to grow at a CAGR of 12.6% during the forecast period. A complicated web of rules governs the UK real estate industry. By reducing risks and guaranteeing efficient operations, real estate software assists investors and property managers in adhering to these laws.
• The France Real Estate Property Software market is projected to witness growth at a CAGR of 11.0% during the forecast period, with a market size of USD 294.06 million in 2024.
• According to Cognitive Market Research, the German Real Estate Property Software market size was valued at USD 632.86 million in 2024 and is projected to grow at a CAGR of 12.0% during the forecast period. Accepting new technologies is deeply ingrained in German culture. In order to obtain a competitive edge and streamline procedures, the real estate industry is actively deploying software and is gradually realizing the benefits of PropTech solutions.
• The Italy Real Estate Property Software market is projected to witness growth at a CAGR of 11.2% during the forecast period, with a market size of USD 274.88 million in 2024.
• The Russian Real Estate Property Software market is projected to witness growth at a CAGR of 10.8% during the forecast period, with a market size of USD 495.42 million in 2024.
• The Spain Real Estate Property Software market is projected to witness growth at a CAGR of 10.9% during the forecast period with a market size of USD 262.09 million in 2024
• The Luxembourg Real Estate Property Software market is projected to witness growth at a CAGR of 11.9% during the forecast period, with a market size of USD 99.08 million in 2024.
• The Portugal Real Estate Property Software market is projected to witness growth at a CAGR of 11.6% during the forecast period, with a market size of USD 67.12 million in 2024.
• The Greece Real Estate Property Software market is projected to witness growth at a CAGR of 12.1% during the forecast period, with a market size of USD 38.36 million in 2024.
• Rest of Europe's Real Estate Property Software market is projected to witness growth at a CAGR of 10.5% during the forecast period, with a market size of USD 495.42 million in 2024.

Asia Pacific Real Estate Property Software Market

According to Cognitive Market Research, the global Real Estate Property Software market size was estimated at USD 10654.2 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 2450.47 million in 2024 and will grow at a compound annual growth rate (CAGR) of 15.3% from 2024 to 2031.

• According to Cognitive Market Research, the China Real Estate Property Software market size was valued at USD 1102.71 million in 2024 and is projected to grow at a CAGR of 14.8% during the forecast period. The need for expert property management services is growing as the number of investment properties rises. Property managers may enhance tenant relations, streamline maintenance procedures, and effectively manage big portfolios with the help of real estate software.
• The Japan Real Estate Property Software market is projected to witness growth at a CAGR of 13.8% during the forecast period, with a market size of USD 338.16 million in 2024.
• The India Real Estate Property Software market had a market share of USD 294.06 million in 2024 and is projected to grow at a CAGR of 17.1% during the forecast period. Privacy and data security are major issues in the Indian real estate business. Strong security features are a top priority for Indian software developers in order to safeguard private client and property data and build user confidence.
• The South Korean Real Estate Property Software market is projected to witness growth at a CAGR of 14.4% during the forecast period, with a market size of USD 245.05 million in 2024.
• The Australian Real Estate Property Software market is projected to witness growth at a CAGR of 15.0% during the forecast period, with a market size of USD 127.42 million in 2024.
• The South East Asia Real Estate Property Software market is projected to witness growth at a CAGR of 16.3% during the forecast period, with a market size of USD 169.08 million in 2024.
• The Rest of Asia Pacific Real Estate Property Software market is projected to witness growth at a CAGR of 15.1% during the forecast period, with a market size of USD 173.98 million in 2024.

South America Real Estate Property Software Market

According to Cognitive Market Research, the global Real Estate Property Software market size was estimated at USD 10654.2 Million, out of which Latin America market of more than 5% of the global revenue with a market size of USD 532.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.7% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Real Estate Property Software market size was valued at USD 228.00 million in 2024 and is projected to grow at a CAGR of 13.3% during the forecast period. Brazil's rental sector is booming. Property managers can maximize occupancy rates, expedite the rent-collecting process, and effectively manage tenant relations with the use of real estate software.
• Argentina's Real Estate Property Software market had a market share of USD 89.50 million in 2024 and is projected to grow at a CAGR of 13.6% during the forecast period. An informal sector of the real estate industry exists in Argentina. Through the creation of a centralized platform for communication, documentation, and data management, real estate software may advance transparency, build confidence, and draw in new investments.
• Colombia Real Estate Property Software market is projected to witness growth at a CAGR of 12.5% during the forecast period, with a market size of USD 47.41 million in 2024.
• Peru's Real Estate Property Software market is projected to witness growth at a CAGR of 12.9% during the forecast period, with a market size of USD 43.68 million in 2024.
• Chile's Real Estate Property Software market is projected to witness growth at a CAGR of 13.0% during the forecast period, with a market size of USD 38.36 million in 2024.
• The Rest of Latin America's Real Estate Property Software market is projected to witness growth at a CAGR of 11.8% during the forecast period, with a market size of USD 85.77 million in 2024.

Middle East and Africa Real Estate Property Software Market

According to Cognitive Market Research, the global Real Estate Property Software market size was estimated at USD 10654.2 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 213.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.0% from 2024 to 2031.

• The GCC Countries Real Estate Property Software market is projected to witness growth at a CAGR of 13.8% during the forecast period, with a market size of USD 91.20 million in 2024. The GCC is renowned for its upscale real estate market. Real estate software can streamline amenities administration, customize the resident experience, and assist in managing these upscale properties more effectively.
• The Egypt Real Estate Property Software market is projected to witness growth at a CAGR of 13.3% during the forecast period, with a market size of USD 22.37 million in 2024.
• The South African Real Estate Property Software market is projected to witness growth at a CAGR of 14.0% during the forecast period, with a market size of USD 33.67 million in 2024. South Africa has a steadily increasing number of mobile phone users. Mobile-based real estate software solutions for property search, management, and investment reasons are well-received by this tech-savvy populace.
• The Turkey Real Estate Property Software market is projected to witness growth at a CAGR of 12.5% during the forecast period, with a market size of USD 18.33 million in 2024.
• The Nigeria Real Estate Property Software market is projected to witness growth at a CAGR of 12.1% during the forecast period, with a market size of USD 22.37 million in 2024.
• The Rest of the MEA Real Estate Property Software market is projected to witness growth at a CAGR of 12.0% during the forecast period, with a market size of USD 25.14 million in 2024.

Real Estate Property Software Market Analysis

Real Estate Property Software Market Type Segment Analysis

According to Cognitive Market Research, Customer Relationship Management Software is the dominating category. CRM software helps real estate agents stay organized, move renters, follow up with possible purchasers, and complete sales transactions. CRM software expedites regular tasks and informs clients and customers of new developments, which contributes to increased production and efficiency. The market could continue to increase as smart technologies, and enterprise project management applications become more widely used. Further supporting the CRM software market could be the growing need for CRM solutions to guarantee the protection of sensitive data.

Contract Software is the fastest-growing category in the Real Estate Property Software market. Contract software can help to strengthen customer trust, enhance inspection protocols, comply with regulatory standards, and ease investment concerns. Real estate clients' trust is increased when data privacy regulations are followed since they make it easier to defend against both internal and external security risks. This market is expanding as a result of the use of digital technologies like e-signatures and AI-assisted contract administration.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Real Estate Property Software Industry. Request a Free Sample PDF!

Real Estate Property Software Market Component Segment Analysis

According to Cognitive Market Research, the dominating category is Software. The demand for essential components such as property management software, which streamlines operations; CRM software, which manages customer relationships; leasing and marketing tools, which effectively promote properties; and financial management software, which facilitates accounting, is increasing in the real estate property software market. These elements address the sector's growing reliance on digital tools to enhance client relations, manage properties, and streamline financial procedures.

The fastest-growing category in the Real Estate Property Software market is Service. The need for service components like integration and implementation services to guarantee the smooth adoption of software solutions is rising in the real estate property software sector. For continued software updates and performance, support and maintenance services are also necessary. In order to satisfy particular corporate needs, consulting services are also sought after for strategic help in software selection and customization. These service elements are essential to improving the efficacy and efficiency of real estate operations since they offer complete software solutions.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Real Estate Property Software Deployment Segment Analysis

Real Estate Property Software Market Deployment Segment Analysis

According to Cognitive Market Research, the dominating category is Cloud. Real estate businesses may access data more quickly and effectively with cloud-based software, which improves workflow productivity. Furthermore, cloud deployment models with improved security standards enable the effective administration of massive volumes of data. Global construction activity is predicted to grow significantly, which will increase the use of cloud technology to run organizations more effectively and boost productivity by streamlining operations with data.

The fastest-growing category in the Real Estate Property Software market is On-premise. The cloud strategy is more affordable for small organizations because it doesn't require new hardware, unlike the on-premise deployment option. In addition, the pay-as-you-go feature makes the cloud more appealing and makes it easy to expand or decrease storage space based on needs. Furthermore, the demand for on-premise solutions may decline as cloud-based construction and project management systems provide businesses with features like scheduling, project management, and task automation in a single dashboard.

• Cloud
• On-premise

Real Estate Property Software End-Use Segment Analysis

Real Estate Property Software Market End-Use Segment Analysis

According to Cognitive Market Research, the dominating category is Architects & Engineers. The growing need for both residential and commercial real estate is forcing engineers and architects to put more effort into creating feasibility studies for upcoming projects. The quick and simple generation of these reports is ensured by real estate software, freeing engineers and architects to concentrate on their primary responsibilities. Furthermore, architects can employ real estate software to assist in creating interactive virtual tours of their properties, giving potential clients a greater knowledge of their designs.

The fastest-growing category in the Real Estate Property Software market is Real Estate Agents. This is illustrated by the real estate industry's growing acceptance of digital technologies like blockchain, AI, and virtual reality. In order to draw in and keep clients, real estate brokers have begun implementing digital technology, such as digital property administration, remote marketing, and remote property viewing. For example, property management, sales process management, and automation functions are available for real estate agents and developers using the Zoho CRM software designed specifically for real estate professionals.

• Architects & Engineers
• Project Managers
• Real Estate Agents
• Others

Real Estate Property Software Application Segment Analysis

Real Estate Property Software Market Application Segment Analysis

According to Cognitive Market Research, the dominating category is Large Enterprise. Large enterprises using real estate property software are using more and more all-inclusive solutions to manage enormous portfolios. To increase productivity and streamline processes, these apps include features for property management, CRM, leasing, and financial management. Scalable cloud-based platforms provide flexibility and accessibility, while advanced analytics and reporting features facilitate data-driven decision-making. In addition, large businesses gain from features that may be customized to meet intricate organizational structures and strong security measures, which guarantee compliance and improve overall operational effectiveness.

The fastest-growing category in the Real Estate Property Software market is SMEs. In the real estate software industry, SMEs (small and medium-sized businesses) are embracing scalable solutions that are customized to meet their unique requirements. Simpler accounting and financial management features, CRM systems for managing customer interactions, and property management solutions for effective tenant and property management are typical examples of these apps. Small and medium-sized enterprises (SMEs) like cloud-based systems due to their accessibility and cost. Small and medium-sized businesses (SMEs) can effectively compete in the real estate market by using these solutions to improve customer service, streamline operations, and maximize resources.

• SMEs
• Large Enterprise

Author's Detail

Kalyani Raje

Senior Research Analyst at Cognitive Market Research

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An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile & Transportation vertical.

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