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Market Snapshot

CAGR:9.29

2023

2032

Source: Market Expertz

Study Period	2019-2032
Base Year	2023
Forcast Year	2023-2032
CAGR	9.29

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Report Overview

The IT in Real Estate Market is set for substantial growth, with a projected Compound Annual Growth Rate (CAGR) of 9.84% between 2022 and 2032. The market is expected to expand by USD 10,230.47 million during this period. IT in real estate refers to the integration of technology solutions and digital tools to optimize operations, enhance customer experiences, and improve decision-making in the real estate industry.

IT in Real Estate Market Overview:

Drivers:

The increasing demand for smart and connected buildings and the need for efficient property management drive the growth of the IT in Real Estate market. IT solutions enable real estate companies to manage properties, automate workflows, and provide smart building services.

Furthermore, the adoption of Internet of Things (IoT) devices in real estate enhances building automation, energy efficiency, and tenant comfort, contributing to the growth of the market.

Trends:

The integration of Augmented Reality (AR) and Virtual Reality (VR) in real estate applications is a significant trend shaping the market. AR and VR technologies enable virtual property tours, interior design visualization, and immersive experiences for potential buyers and tenants.

Moreover, the use of Artificial Intelligence (AI) and data analytics in real estate decision-making is growing. AI algorithms analyze market trends, property data, and customer preferences to provide insights for strategic investments and pricing decisions.

Restraints:

The challenges of data security and privacy in IT solutions for real estate pose obstacles in the market. Real estate companies handle sensitive tenant and property data, making cybersecurity measures and compliance crucial.

Additionally, the complexity of integrating legacy systems with modern IT solutions can be a barrier. Ensuring seamless data exchange and interoperability requires comprehensive integration strategies.

IT in Real Estate Market Segmentation by Solution: The Property Management Solutions segment is expected to witness substantial growth during the forecast period. Property management solutions automate tasks such as rent collection, maintenance requests, and lease management, streamlining operations.

Furthermore, the Building Automation Systems segment is a key area in the IT in Real Estate market. Building automation systems integrate IoT devices to control and monitor building functions, optimizing energy usage and enhancing occupant experiences.

IT in Real Estate Market Segmentation by End-User: The Commercial segment is anticipated to exhibit significant growth due to the increasing adoption of smart building technologies in commercial properties. IoT devices, sensors, and data analytics enable energy efficiency, predictive maintenance, and space optimization.

Regional Overview:

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North America is projected to contribute significantly to the global IT in Real Estate market, accounting for 36% of the market share during the forecast period. The region's advanced technology adoption, real estate investments, and demand for smart buildings drive the integration of IT solutions.

Moreover, North America's focus on sustainability and green building initiatives aligns with the adoption of IT solutions for energy-efficient and environmentally friendly buildings.

In 2020, the IT in Real Estate market witnessed steady growth, driven by the need for digital transformation and remote property management during the COVID-19 pandemic. Virtual property tours, online leasing, and remote tenant interactions gained prominence.

IT in Real Estate Market Customer Landscape: The market report analyzes the adoption lifecycle, spanning from early adopters to late adopters. It examines adoption rates across different real estate segments and considers factors influencing IT solution selection and implementation.

Major IT in Real Estate Market Companies: Key players in the IT in Real Estate market are adopting diverse strategies such as partnerships, acquisitions, technology innovation, and solution expansion to enhance their market presence.

Some major players include:

IBM Corporation
Microsoft Corporation
Oracle Corporation
SAP SE
Trimble Inc.
Yardi Systems, Inc.
MRI Software LLC
RealPage, Inc.
Planon Corporation
Altus Group Limited

The research report provides a comprehensive competitive landscape analysis of 20 market companies, evaluating their strengths, weaknesses, and strategic approaches. The analysis categorizes companies based on their market focus and dominance.

Segment Overview:

The IT in Real Estate market report forecasts revenue growth globally, regionally, and at the country level. It analyzes trends and growth opportunities from 2019 to 2032.

Solution Outlook (USD Million, 2019 - 2032)

Property Management Solutions
Building Automation Systems
Real Estate Analytics
Others

End-User Outlook (USD Million, 2019 - 2032)

Residential
Commercial
Industrial

Geography Outlook (USD Million, 2019 - 2032)

North America

U.S.
Canada

Europe

U.K.
Germany
France
Rest of Europe

APAC

China
Japan

South America

Brazil
Argentina
Rest of South America

Middle East & Africa

UAE
South Africa
Rest of Middle East & Africa

TABLE OF CONTENTS: GLOBAL IT Market in Real Estate MARKET

Chapter 1. MARKET SYNOPSIS

1.1. Market Definition

1.2. Research Scope & Premise

1.3. Methodology

1.4. Market Estimation Technique

Chapter 2. EXECUTIVE SUMMARY

2.1. Summary Snapshot, 2016 – 2027

Chapter 3. INDICATIVE METRICS

3.1. Macro Indicators

Chapter 4. IT Market in Real Estate MARKET SEGMENTATION & IMPACT ANALYSIS

4.1. IT Market in Real Estate Segmentation Analysis

4.2. Industrial Outlook

4.3. Price Trend Analysis

4.4. Regulatory Framework

4.5. Porter’s Five Forces Analysis

4.5.1. Power Of Suppliers

4.5.2. Power Of Buyers

4.5.3. Threat Of Substitutes

4.5.4. Threat Of New Entrants

4.5.5. Competitive Rivalry

Chapter 5. IT Market in Real Estate MARKET BY deployment landscape

SIGHTS & TRENDS

5.1. Segment 1 Dynamics & Market Share, 2019 & 2027

5.2 On-premise

5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.3 Cloud

5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 6. IT Market in Real Estate MARKET BY End user INSIGHTS & TRENDS

6.1. Segment 2 Dynamics & Market Share, 2019 & 2027

6.2 Residential

6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.3 Commercial

6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 7. IT Market in Real Estate MARKET REGIONAL OUTLOOK

7.1. IT Market in Real Estate Market Share By Region, 2019 & 2027

7.2. NORTH AMERICA

7.2.1. North America IT Market in Real Estate Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.2. North America IT Market in Real Estate Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.3. North America IT Market in Real Estate Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.4. North America IT Market in Real Estate Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.5. U.S.

7.2.5.1. U.S. IT Market in Real Estate Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.5.2. U.S. IT Market in Real Estate Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.5.3. U.S. IT Market in Real Estate Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.5.4. U.S. IT Market in Real Estate Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.6. CANADA

7.2.6.1. Canada IT Market in Real Estate Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.6.2. Canada IT Market in Real Estate Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.6.3. Canada IT Market in Real Estate Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.6.4. Canada IT Market in Real Estate Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3. EUROPE

7.3.1. Europe IT Market in Real Estate Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.2. Europe IT Market in Real Estate Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.3. Europe IT Market in Real Estate Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.4. Europe IT Market in Real Estate Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.5. GERMANY

7.3.5.1. Germany IT Market in Real Estate Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.5.2. Germany IT Market in Real Estate Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.5.3. Germany IT Market in Real Estate Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.5.4. Germany IT Market in Real Estate Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.6. FRANCE

7.3.6.1. France IT Market in Real Estate Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.6.2. France IT Market in Real Estate Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.6.3. France IT Market in Real Estate Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.6.4. France IT Market in Real Estate Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.7. U.K.

7.3.7.1. U.K. IT Market in Real Estate Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.7.2. U.K. IT Market in Real Estate Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.7.3. U.K. IT Market in Real Estate Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.7.4. U.K. IT Market in Real Estate Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4. ASIA-PACIFIC

7.4.1. Asia Pacific IT Market in Real Estate Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.2. Asia Pacific IT Market in Real Estate Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.3. Asia Pacific IT Market in Real Estate Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.4. Asia Pacific IT Market in Real Estate Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.5. CHINA

7.4.5.1. China IT Market in Real Estate Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.5.2. China IT Market in Real Estate Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.5.3. China IT Market in Real Estate Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.5.4. China IT Market in Real Estate Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.6. INDIA

7.4.6.1. India IT Market in Real Estate Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.6.2. India IT Market in Real Estate Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.6.3. India IT Market in Real Estate Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.6.4. India IT Market in Real Estate Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.7. JAPAN

7.4.7.1. Japan IT Market in Real Estate Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.7.2. Japan IT Market in Real Estate Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.7.3. Japan IT Market in Real Estate Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.7.4. Japan IT Market in Real Estate Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.8. AUSTRALIA

7.4.8.1. Australia IT Market in Real Estate Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.8.2. Australia IT Market in Real Estate Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.8.3. Australia IT Market in Real Estate Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.8.4. Australia IT Market in Real Estate Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.5. MIDDLE EAST AND AFRICA (MEA)

7.5.1. Mea IT Market in Real Estate Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.5.2. Mea IT Market in Real Estate Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.5.3. Mea IT Market in Real Estate Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.5.4. Mea IT Market in Real Estate Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.6. LATIN AMERICA

7.6.1. Latin America IT Market in Real Estate Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.6.2. Latin America IT Market in Real Estate Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.6.3. Latin America IT Market in Real Estate Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.6.4. Latin America IT Market in Real Estate Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)

7.6.5. Latin America IT Market in Real Estate Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

Chapter 8. COMPETITIVE LANDSCAPE

8.1. Market Share By Manufacturers

8.2. Strategic Benchmarking

8.2.1. New Product Launches

8.2.2. Investment & Expansion

8.2.3. Acquisitions

8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures

8.3. Vendor Landscape

8.3.1. North American Suppliers

8.3.2. European Suppliers

8.3.3. Asia-Pacific Suppliers

8.3.4. Rest Of The World Suppliers

Chapter 9. COMPANY PROFILES

9.1 IBM Corporation

9.1.1. Company Overview

9.1.2. Financial Performance

9.1.3. Product Insights

9.1.4. Strategic Initiatives

9.2 SAP SE

9.2.1. Company Overview

9.2.2. Financial Performance

9.2.3. Product Insights

9.2.4. Strategic Initiatives

9.3 Oracle Corporation

9.3.1. Company Overview

9.3.2. Financial Performance

9.3.3. Product Insights

9.3.4. Strategic Initiatives

9.4 Salesforce.com

9.4.1. Company Overview

9.4.2. Financial Performance

9.4.3. Product Insights

9.4.4. Strategic Initiatives

9.5 Sage Group PLC

9.5.1. Company Overview

9.5.2. Financial Performance

9.5.3. Product Insights

9.5.4. Strategic Initiatives

9.6 Company 6

9.6.1. Company Overview

9.6.2. Financial Performance

9.6.3. Product Insights

9.6.4. Strategic Initiatives

9.7 Company 7

9.7.1. Company Overview

9.7.2. Financial Performance

9.7.3. Product Insights

9.7.4. Strategic Initiatives

9.8 Company 8

9.8.1. Company Overview

9.8.2. Financial Performance

9.8.3. Product Insights

9.8.4. Strategic Initiatives

9.9 Company 9

9.9.1. Company Overview

9.9.2. Financial Performance

9.9.3. Product Insights

9.9.4. Strategic Initiatives

9.10 Company 10

9.10.1. Company Overview

9.10.2. Financial Performance

9.10.3. Product Insights

9.10.4. Strategic Initiatives

RESEARCH METHODOLOGY

A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.

Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.

Now let’s take a closer look at the research methods here.

Secondary Research Model

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.

Primary Insights

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

Market Estimation

The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.

Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.

Final Presentation

The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.

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It In Real Estate Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032