IT in Real Estate Market

IT in Real Estate Market by Enterprise Application (CRM, ERP, ECM, BI, BPM), Security Solution (Access Control), Deployment Type, Service, Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa) - Global Forecast to 2021

Report Code: TC 4734 Nov, 2016, by marketsandmarkets.com

[156 Pages Report] The IT in real estate market estimated to be USD 5.03 Billion in 2016 and is projected to reach USD 8.91 Billion by 2021, at a CAGR of 12.1% from 2016 to 2021.

Key factors driving the growth of the market include increasing demand for smart technological solutions in the real estate sector to cater to varied preferences of customers, popularity of asset & property management solutions, increasing demand for enterprise applications to manage projects, and growing need to manage documents and ensure security of sensitive information. The base year considered for this study is 2015 and the forecast period is considered from 2016 to 2021.

Objectives of the study:

The main objective of this report is to define, describe, and forecast the IT in real estate market on the basis of enterprise application, service, deployment type, security solution, and region. The report provides detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges). The report aims to strategically analyze micro markets with respect to individual growth trends, future prospects, and contribution to the total market. The report attempts to forecast the market size with respect to five main regions, namely, North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America. It strategically profiles key players and comprehensively analyzes their core competencies. In addition, the report also tracks and analyzes competitive developments such as joint ventures, mergers & acquisitions, new product developments, and research & development activities in the market.

The research methodology used to estimate and forecast the IT in real estate market begins with capturing data on revenues of key vendors through secondary sources such as annual reports, press releases and investor presentations of companies, white papers, technology journals and certified publications, and articles from recognized authors, directories, and databases. The vendor offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the market. After arriving at the overall market size, the total market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with key personnel, such as CEOs, VPs, directors, and executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and to arrive at the exact statistics for all segments and subsegments. The breakdown of primary profiles is depicted in the figure given below:

IT in Real Estate Market

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The IT in real estate ecosystem comprises vendors such as SAP SE (Germany), Oracle Corporation (U.S.), Microsoft Corporation (U.S.), IBM Corporation (U.S.), MRI Software LLC (U.S.), RealPage (U.S.), Yardi Systems, Inc. (U.S.), Salesforce (U.S.), The Sage Group PLC (U.K.), and Accenture PLC (Ireland). Other stakeholders of the IT in real estate market include cloud service providers, system integrators, and technology consultants.

The Target Audiences of the IT in real estate market report are:

  • Real Estate Developers
  • Real Estate Brokerage Companies
  • Research & Development Centers
  • Real Estate Management Companies
  • Communication Service Providers
  • Market Research and Consulting Firms

 “Study answers several questions for the stakeholders, primarily which market segments to focus in the next two to five years for prioritizing the efforts and investments”.

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Scope of the Report

:

The research report categorizes the IT in real estate market to forecast the revenues and analyze the trends in each of the following subsegments:

By Enterprise Application

  • Customer Relationship Management (CRM)
  • Enterprise Resource Planning (ERP)
  • Enterprise Content Management (ECM)
  • Business Intelligence (BI)
  • Business Process Management (BPM)

By Service

  • Integration & Deployment
  • Consulting
  • Maintenance & Support
  • Others

IT in Real Estate Market By Deployment Type

  • On-Premises
  • Cloud

By Security Solution

  • Access Control

By Region

  • North America
  • Europe
  • Asia-Pacific (APAC)
  • Middle East & Africa (MEA)
  • Latin America

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Product Analysis

  • Product matrix, which gives a detailed comparison of product portfolio of each company

Geographic Analysis

  • Further breakdown of the North America IT in Real Estate Market
  • Further breakdown of the Europe Market
  • Further breakdown of the Asia-Pacific Market
  • Further breakdown of the Middle East & Africa Market
  • Further breakdown of the Latin America Market

Company Information

  • Detailed analysis and profiling of additional market players

The IT in real estate market is projected to grow from USD 5.03 Billion in 2016 to USD 8.91 Billion by 2021, at a CAGR of 12.1% during the forecast period. Growth in this market is mainly attributed to the increasing demand for smart technological solutions in the real estate sector to cater to varied preferences of customers, popularity of asset & property management solutions, increasing demand for enterprise applications to manage projects, and growing need to manage data and ensure security of sensitive information.

Use of IT in the real estate sector has resulted in the efficient management of information and smooth conduct of various business processes. The customer relationship management (CRM) and business intelligence models are gaining traction with organizations keen to incorporate industry’s best practices and extend administrative support to their customers.

The IT in real market has been segmented on the basis of enterprise application, security solution, deployment type, service, and region. Among all enterprise applications, the enterprise resource planning segment is expected to lead the IT in real estate market, owing to the increasing adoption of ERP solutions by real estate organizations.

In terms of deployment type, the on-premises segment is estimated to contribute the largest share to the market in 2016, whereas, the cloud segment is expected to grow at the highest CAGR during the forecast period. The growing adoption of SaaS applications by real estate enterprises is offering lucrative growth prospects for cloud-based deployment of IT solutions.

IT in Real Estate Market

The report covers all major aspects of the IT in real estate market and provides an in-depth analysis across varied regions that include North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America. This market in North America is estimated to account for the largest share in 2016. This market in the Middle East & African region is projected to offer lucrative growth opportunities and is anticipated to grow at the highest CAGR from 2016 to 2021. This growth is mainly attributed to the growing demand for smartphones in the Middle East & Africa, which will simultaneously increase the demand for mobility solutions across real estate organizations.

However, high costs involved in the technological transition of various business processes and transformation of property management from physical to online are factors restraining the growth of the IT in real estate market.

Most of the vendors offering IT solutions have adopted agreements, collaborations, and partnerships as their key growth strategies to expand their client base and enhance customer experience. For instance, in February 2016, Deloitte and IBM entered into a partnership to launch Deloitte LeasePoint solution, powered by IBM Watson Internet of Things (IoT) and real estate management software, IBM TRIRIGA. The strategy of new product launches/developments has also been adopted by key players operating in this market. For instance, in January 2016, Microsoft Corporation launched Microsoft HoloLens, which is a virtual reality headset that allows users to look at images in 3D. HoloLens is extensively used by the real estate sector in order to gain an understanding about the planning, designing, construction, and operation of buildings.

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Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 17)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Assumptions

3 Executive Summary (Page No. - 26)

4 Premium Insights (Page No. - 30)
    4.1 Attractive Market Opportunities for the Global Market
    4.2 Global Market By Enterprise Application
    4.3 Global Market By Service
    4.4 Global IT in Real Estate Market
    4.5 Global Market By Region

5 Market Overview (Page No. - 33)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 By Enterprise Application
           5.2.2 By Service
           5.2.3 By Deployment Type
           5.2.4 By Security Solution
           5.2.5 By Region
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Increasing Demand for Smart Technological Solutions in the Real Estate Sector to Cater to Varied Preferences of Real Estate Customers
                    5.3.1.2 Increasing Demand for Enterprise Applications to Manage Projects
                    5.3.1.3 Growing Need to Manage Data and Ensure Security of Sensitive Information
           5.3.2 Restraints
                    5.3.2.1 High Cost Involved in the Technological Transition of Various Business Processes
                    5.3.2.2 Transformation of Property Management Business From Physical to Online Platforms
           5.3.3 Opportunities
                    5.3.3.1 Increasing Adoption of Cloud-Based Solutions
                    5.3.3.2 Growing Adoption of Enterprise Mobility Solutions
                    5.3.3.3 Increasing Adoption of the Concept of Smart Cities Across the Globe
           5.3.4 Challenges
                    5.3.4.1 Lack of Knowledge and Awareness Regarding Technical Solutions
    5.4 Impact Analysis of Market Dynamics

6 Global IT in Real Estate Market, By Enterprise Application (Page No. - 42)
    6.1 Introduction
    6.2 Customer Relationship Management
    6.3 Enterprise Resource Planning
    6.4 Enterprise Content Management
    6.5 Business Intelligence
    6.6 Business Process Management

7 Global Market By Service (Page No. - 51)
    7.1 Introduction
    7.2 Integration & Deployment
    7.3 Consulting
    7.4 Maintenance & Support
    7.5 Others

8 Global Market By Deployment Type (Page No. - 55)
    8.1 Introduction
    8.2 On-Premises
    8.3 Cloud

9 Global IT in Real Estate Market, By Security Solution (Page No. - 60)
    9.1 Introduction
           9.1.1 Commercial & Services
           9.1.2 Residential

10 Regional  Analysis (Page No. - 63)
     10.1 Introduction
     10.2 North America
     10.3 Europe
     10.4 Asia-Pacific
     10.5 Middle East & Africa
     10.6 Latin America

11 Competitive Landscape (Page No. - 97)
     11.1 Overview
     11.2 Competitive Situation & Trends
             11.2.1 New Product Launches & Product Developments
             11.2.2 Mergers & Acquisitions
             11.2.3 Expansions
             11.2.4 Partnerships/Agreements/Collaborations

12 Company Profiles (Page No. - 102)
(Overview, Products and Services, Financials, Strategy & Development)*
     12.1 Introduction
     12.2 Microsoft Corporation
     12.3 Yardi Systems Inc.
     12.4 Realpage
     12.5 SAP SE
     12.6 IBM Corporation
     12.7 Oracle Corporation
     12.8 MRI Software LLC
     12.9 Salesforce
     12.10 The Sage Group PLC
     12.11 Accenture PLC

*Details on Overview, Products and Services, Financials, Strategy & Development Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 139)
     13.1 Industry Experts
     13.2 Discussion Guide
     13.3 Knowledge Store: MarketsandMarkets’ Subscription Portal
     13.4 Introducing RT: Real-Time Market Intelligence
     13.5 Available Customizations
     13.6 Related Reports
     13.7 Author Details


List of Tables (88 Tables)

Table 1 Global IT in Real Estate Market, 2014-2021 (USD Million, Y-O-Y %)
Table 2 Global Market, By Enterprise Application, 2014–2021 (USD Million)
Table 3 Customer Relationship Management: Global Market, By Region, 2014-2021 (USD Million)
Table 4 Enterprise Resource Planning: Global Market, By Region, 2014-2021 (USD Million)
Table 5 Enterprise Content Management: Global Market, By Region, 2014-2021 (USD Million)
Table 6 Business Intelligence: Global Market, By Region, 2014-2021 (USD Million)
Table 7 Business Process Management: Global Market, By Region, 2014-2021 (USD Million)
Table 8 Global Market, By Deployment Type, 2014-2021 (USD Million)
Table 9 On-Premises: Global Market, By Region, 2014-2021 (USD Million)
Table 10 Cloud: Global Market, By Region, 2014-2021 (USD Million)
Table 11 Access Control Software: Global Market, By Application, 2014–2021 (USD Million)
Table 12 Global IT in Real Estate Market, By Region, 2014-2021 (USD Million)
Table 13 North America: Market, By Enterprise Application, 2014-2021 (USD Million)
Table 14 North America: Market, By Service, 2014-2021 (USD Million)
Table 15 North America: Market, By Deployment Type, 2014-2021 (USD Million)
Table 16 North America: IT in Real Estate Access Control Software Market, By Application, 2014-2021 (USD Million)
Table 17 North America: Market, By Country, 2014–2021 (USD Million)
Table 18 U.S.: Market, By Enterprise Application, 2014-2021 (USD Million)
Table 19 U.S.: Market, By Service, 2014-2021 (USD Million)
Table 20 U.S.: Market, By Deployment Type, 2014-2021 (USD Million)
Table 21 U.S.: IT in Real Estate Access Control Software Market, By Application, 2014-2021 (USD Million)
Table 22 Canada: IT in Real Estate Market, By Enterprise Application, 2014-2021 (USD Million)
Table 23 Canada: Market, By Service, 2014-2021 (USD Million)
Table 24 Canada: Market, By Deployment Type, 2014-2021 (USD Million)
Table 25 Canada: IT in Real Estate Access Control Software Market, By Application, 2014-2021 (USD Million)
Table 26 Rest of North America: Market, By Enterprise Application, 2014-2021 (USD Million)
Table 27 Rest of North America: Market, By Service, 2014-2021 (USD Million)
Table 28 Rest of North America: Market, By Deployment Type, 2014-2021 (USD Million)
Table 29 Rest of North America: IT in Real Estate Access Control Software Market, By Application, 2014-2021 (USD Million)
Table 30 Europe: IT in Real Estate Market, By Enterprise Application, 2014-2021 (USD Million)
Table 31 Europe: Market, By Service, 2014-2021 (USD Million)
Table 32 Europe: Market, By Deployment Type, 2014-2021 (USD Million)
Table 33 Europe: IT in Real Estate Access Control Software Market, By Application, 2014-2021 (USD Million)
Table 34 Europe: Market, By Country, 2014–2021 (USD Million)
Table 35 U.K.: Market, By Enterprise Application, 2014-2021 (USD Million)
Table 36 U.K.: Market, By Service, 2014-2021 (USD Million)
Table 37 U.K.: Market, By Deployment Type, 2014-2021 (USD Million)
Table 38 U.K.: IT in Real Estate Access Control Software Market, By Application, 2014-2021 (USD Million)
Table 39 Germany: Market By Enterprise Application, 2014-2021 (USD Million)
Table 40 Germany: Market, By Service, 2014-2021 (USD Million)
Table 41 Germany: Market, By Deployment Type, 2014-2021 (USD Million)
Table 42 Germany: IT in Real Estate Access Control Software Market, By Application, 2014-2021 (USD Million)
Table 43 Rest of Europe: Market, By Enterprise Application, 2014-2021 (USD Million)
Table 44 Rest of Europe: Market, By Service, 2014-2021 (USD Million)
Table 45 Rest of Europe: Market, By Deployment Type, 2014-2021 (USD Million)
Table 46 Rest of Europe: IT in Real Estate Access Control Software Market, By Application, 2014-2021 (USD Million)
Table 47 Asia-Pacific: IT in Real Estate Market, By Enterprise Application, 2014-2021 (USD Million)
Table 48 Asia-Pacific: Market, By Service, 2014-2021 (USD Million)
Table 49 Asia-Pacific: Market, By Deployment Type, 2014-2021 (USD Million)
Table 50 Asia-Pacific: IT in Real Estate Access Control Software Market, By Application, 2014-2021 (USD Million)
Table 51 Asia-Pacific: Market, By Country, 2014–2021 (USD Million)
Table 52 Australia: Market, By Enterprise Application, 2014-2021 (USD Million)
Table 53 Australia: Market, By Service, 2014-2021 (USD Million)
Table 54 Australia: Market, By Deployment Type, 2014-2021 (USD Million)
Table 55 Australia: IT in Real Estate Access Control Software Market, By Application, 2014-2021 (USD Million)
Table 56 New Zealand: Market By Enterprise Application, 2014-2021 (USD Million)
Table 57 New Zealand: Market, By Service, 2014-2021 (USD Million)
Table 58 New Zealand: Market, By Deployment Type, 2014-2021 (USD Million)
Table 59 New Zealand: IT in Real Estate Access Control Software Market, By Application, 2014-2021 (USD Million)
Table 60 Rest of Asia-Pacific: Market, By Enterprise Application, 2014-2021 (USD Million)
Table 61 Rest of Asia-Pacific: Market, By Service, 2014-2021 (USD Million)
Table 62 Rest of Asia-Pacific: Market, By Deployment Type, 2014-2021 (USD Million)
Table 63 Rest of Asia-Pacific: IT in Real Estate Access Control Software Market, By Application, 2014-2021 (USD Million)
Table 64 Middle East & Africa: Market, By Enterprise Application, 2014-2021 (USD Million)
Table 65 Middle East & Africa: Market, By Service, 2014-2021 (USD Million)
Table 66 Middle East & Africa: Market, By Deployment Type, 2014-2021 (USD Million)
Table 67 Middle East & Africa: IT in Real Estate Access Control Software Market, By Application, 2014-2021 (USD Million)
Table 68 Middle East & Africa: Market, By Country, 2014–2021 (USD Million)
Table 69 UAE: Market, By Enterprise Application, 2014-2021 (USD Million)
Table 70 UAE: Market, By Service, 2014-2021 (USD Million)
Table 71 UAE: Market, By Deployment Type, 2014-2021 (USD Million)
Table 72 UAE: IT in Real Estate Access Control Software Market, By Application, 2014-2021 (USD Million)
Table 73 Rest of Middle East & Africa: Market, By Enterprise Application, 2014-2021 (USD Million)
Table 74 Rest of the Middle East & Africa: Market, By Service, 2014-2021 (USD Million)
Table 75 Rest of Middle East & Africa: Market, By Deployment Type, 2014-2021 (USD Million)
Table 76 Rest of Middle East & Africa: IT in Real Estate Access Control Software Market, By Application, 2014-2021 (USD Million)
Table 77 Latin America: IT in Real Estate Market, By Enterprise Application, 2014-2021 (USD Million)
Table 78 Latin America: Market, By Service, 2014-2021 (USD Million)
Table 79 Latin America: Market, By Deployment Type, 2014-2021 (USD Million)
Table 80 Latin America: IT in Real Estate Access Control Software Market, By Application, 2014-2021 (USD Million)
Table 81 New Product Launches & Product Developments, 2016
Table 82 Mergers & Acquisitions, 2016
Table 83 Expansions, 2016
Table 84 Partnerships/Agreements/Collaborations, 2016
Table 85 New Product Launches & Product Developments, 2014-2016
Table 86 Mergers & Acquisitions, 2014-2016
Table 87 Expansions, 2014-2016
Table 88 Partnerships/Agreements/Collaborations, 2014-2016


List of Figures (49 Figures)

Figure 1 Research Design
Figure 2 Market Size Estimation Methodology: Bottom Up Approach
Figure 3 Market Size Estimation Methodology: Top-Down Approach
Figure 4 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 5 Market Breakdown and Data Triangulation Approach
Figure 6 The Middle East & Africa IT in Real Estate Market Projected to Grow at Highest CAGR Between 2016 and 2021
Figure 7 Enterprise Resource Planning Segment Projected to Lead the Global Market During the Forecast Period
Figure 8 Cloud Deployment Type Segment of the Global Market is Projected to Grow at the Highest CAGR Between 2016 and 2021
Figure 9 Consulting Service Segment of the Global Market Projected to Grow at the Highest CAGR During the Forecast Period
Figure 10 The North American Region Estimated to Account for the Largest Share of the Global Market in 2016
Figure 11 Increasing Adoption of the Concept of Smart Cities to Drive the Global Market During the Forecast Period
Figure 12 Business Process Management Subsegment of the Enterprise Application Segment Projected to Grow at the Highest CAGR During the Forecast Period
Figure 13 Consulting Subsegment of the Service Segment of the Global Market Projected to Grow at the Highest CAGR Between 2016 and 2021
Figure 14 Enterprise Resource Planning Subsegment of the Enterprise Application Segment Projected to Lead the Global Market During the Forecast Period
Figure 15 Middle East & Africa IT in Real Estate Market Projected to Grow at the Highest CAGR During the Forecast Period
Figure 16 Global Market Segmentation
Figure 17 Global Market By Enterprise Application
Figure 18 Global Market By Service
Figure 19 Global Market By Deployment Type
Figure 20 Global Market By Security Solution
Figure 21 Global Market By Region
Figure 22 Increased Demand for Enterprise Applications to Manage Projects to Drive the Growth of the Global IT in Real Estate Market
Figure 23 Impact Analysis of Market Dynamics
Figure 24 Business Process Management Segment Projected to Grow at the Highest CAGR During the Forecast Period
Figure 25 Customer Relationship Management Segment in Latin America Projected to Grow at the Highest CAGR During the Forecast Period
Figure 26 Enterprise Resource Planning Segment in the Middle East & Africa Projected to Grow at the Highest Rate During the Forecast Period
Figure 27 Enterprise Content Management Segment in the Middle East & Africa Projected to Grow at the Highest CAGR During the Forecast Period
Figure 28 Business Intelligence Segment in Asia-Pacific Projected to Grow at the Highest Rate During the Forecast Period
Figure 29 Business Process Management Segment in Asia-Pacific to Grow at the Highest CAGR During the Forecast Period
Figure 30 Global IT in Real Estate Market, By Service, 2016 & 2021 (USD Million)
Figure 31 Cloud Segment Projected to Grow at the Highest CAGR During the Forecast Period
Figure 32 On-Premises Segment in Middle East & Africa Projected to Grow at the Highest CAGR During the Forecast Period
Figure 33 Cloud Segment in Middle East & Africa Expected to Grow at the Highest CAGR During the Forecast Period
Figure 34 Access Control Software in Residential Application Projected to Grow at the Highest CAGR During the Forecast Period
Figure 35 Middle East & Africa to Grow at the Highest CAGR During the Forecast Period
Figure 36 North America Market Snapshot
Figure 37 Middle East & Africa IT in Real Estate Market Snapshot
Figure 38 Companies Adopted Acquisitions as the Key Growth Strategy Between 2014 and 2016
Figure 39 Market Evaluation Framework
Figure 40 Battle for Market Share: New Product Launches & Product Developments and Mergers & Acquisitions are Key Strategies
Figure 41 Geographic Revenue Mix of Top Five Market Players
Figure 42 Microsoft Corporation: Company Snapshot
Figure 43 Realpage: Company Snapshot
Figure 44 SAP SE: Company Snapshot
Figure 45 IBM Corporation: Business Overview
Figure 46 Oracle Corporation: Company Snapshot
Figure 47 Salesforce: Company Snapshot
Figure 48 Sage Group PLC: Company Snapshot
Figure 49 Accenture PLC: Company Snapshot


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