Real Estate Software Market is Estimated to Witness High Growth Owing to Advancements in Cloud Computing and AI
The real estate software market comprises property management software, real estate listing software, transaction management software, CRM software, and other software that help in streamlining real estate operations and transactions. Real estate software streamlines property listing, marketing, transaction tracking, document management, accounting, and analytics required for efficient real estate business operations. It provides seamless collaboration between property owners, managers, buyers, sellers, brokers, and other stakeholder with real-time data access.
The Global real estate software market is estimated to be valued at US$ 28.63 Bn in 2024 and is expected to exhibit a CAGR of 12.% over the forecast period from 2024 to 2031.
Key Takeaways
Key players operating in the real estate software market are Accruent, Altus Group Ltd., AppFolio, Inc., Aareon, Autodesk Inc., CoStar Group, Entrata, IBM Corporation, Intuit Inc., MRI Software LLC, Microsoft, Oracle Corporation, RealPage, Trimble Inc., Yardi Systems.
The key opportunities in the Real Estate Software Market Share include the growing demand for cloud-based property management systems, rising need for automation in real estate transaction processes, and increasing number of SaaS subscriptions. Rapid adoption of cloud and mobile technologies is enabling real estate stakeholders to remotely access property information and collaborate on deals.
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