LONDON--(BUSINESS WIRE)--Technavio has been monitoring the real estate software market and it is poised to grow by USD 3,825.16 billion during 2020-2024, progressing at a CAGR of 9% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period.
Frequently Asked Questions-
1. What are the different end-user segments in the real estate software market?
A. Architects and Engineers segment, Project Managers segment, and Real Estate Agents segment.
2. How big is the industry?
A. The year-over-year growth for 2020 is estimated at 8.32% and the incremental growth of the market is anticipated to be USD 3,825.16 billion during the forecast period.
3. Based on the deployment method, which segment represents the highest market share?
A. The Cloud-based segment will account for the highest share.
4. What is the key factor driving the market?
A. The growing middle-class population is one of the key factors driving the market.
5. Who are the top players in the market?
A. Altus Group Ltd., AppFolio Inc., Autodesk Inc., CoStar Group Inc., Fiserv Inc., International Business Machines Corp., LanTrax Inc., Oracle Corp., SAP SE, and Yardi Systems Inc.
To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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The growing middle-class population has been instrumental in driving the growth of the market.
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Real Estate Software Market 2020-2024: Segmentation
Real Estate Software Market is segmented as below:
- Architects and Engineers
- Project Managers
- Real Estate Agents
- North America
- South America
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Real Estate Software Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The real estate software market report covers the following areas:
- Real Estate Software Market Size
- Real Estate Software Market Trends
- Real Estate Software Market Analysis
This study identifies the growing need for cost optimization as one of the prime reasons driving the real estate software market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Real Estate Software Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist real estate software market growth during the next five years
- Estimation of the real estate software market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the real estate software market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of real estate software market vendors
Table of Contents:
- Market Overview
- Market ecosystem
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five Forces Summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Deployment
- Market segments
- Comparison by Deployment placement
- Cloud-based - Market size and forecast 2019-2024
- On-premises - Market size and forecast 2019-2024
- Market opportunity by Deployment
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Drivers, Challenges, and Trends
- Market drivers
- Volume driver - Demand led growth
- Volume driver - Supply led growth
- Volume driver - External factors
- Volume driver - Demand shift in adjacent markets
- Price driver - Inflation
- Price driver - Shift from lower to higher priced units
- Market challenges
- Market trends
- Vendor landscape
- Landscape disruption
- Vendors covered
- Market positioning of vendors
- Altus Group Ltd.
- AppFolio Inc.
- Autodesk Inc.
- CoStar Group Inc.
- Fiserv Inc.
- International Business Machines Corp.
- LanTrax Inc.
- Oracle Corp.
- SAP SE
- Yardi Systems Inc.
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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