IT in Real Estate Market

IT in Real Estate Market worth 8.91 Billion USD by 2021

According to research report "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", published by MarketsandMarkets, global IT in real estate market 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. Key factors driving the growth of the IT in real estate market are increasing demand for smart technological solutions in the real estate sector to cater to varied preferences of real estate 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.

Browse 88 market data tables and 49 figures spread through 156 pages and in-depth TOC on IT in Real Estate Market - Global Forecast to 2021
Early buyers will receive 10% customization on reports.

The business process management segment is expected to grow at the highest CAGR from 2016 to 2021

Based on enterprise application, the business process management segment is expected to grow at the highest CAGR from 2016 to 2021. This is due to the fact that a BPM suite for real estate includes user-friendly modeling & optimization and system integration tools, as well as helps monitor dashboards and enhances case management capabilities for end users. BPM software ensures fast decision-making, enables business-IT collaboration, and reduces total cost of ownership. BPM in real estate uses automation to remove tedious or distracting processes, thereby enabling employees to interact with customers or perform tasks more effectively.

The cloud deployment type segment is anticipated to grow at the highest CAGR during the forecast period

On the basis of deployment type, the IT in real estate market has been segmented into on-premises and cloud. The cloud deployment type segment of this market is expected to grow at the highest CAGR from 2016 to 2021. This growth is mainly attributed to the fact that the deployment of cloud-based solutions helps real estate companies reduce costs and create a flexible working environment.

The IT in real estate market in the Middle East & Africa is anticipated to grow at the highest CAGR during the forecast period

North America is estimated to account for the largest share of the IT in real estate market in 2016, owing to the presence of prominent real estate players, such as Real Estate Maximums, Century 21, Keller Williams Realty, Coldwell Banker, and ERA Real Estate in this region. The IT in real estate market in the Middle East & Africa is expected to grow at the highest CAGR between 2016 and 2021. Growth in this market is mainly driven by increasing adoption of E-commerce platform and cloud-based solutions by real estate organizations.

Some of the major technology vendors include 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).

About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&Ms flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Email: [email protected]

IT in Real Estate Market Size,  Share & Growth Report
Report Code
TC 4734
PR Published ON
Choose License Type
Request Customization
Speak to Analyst
Speak to Analyst
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
  • What are the Known and Unknown Adjacencies Impacting the IT in Real Estate Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
©2024 MarketsandMarkets Research Private Ltd. All rights reserved Protection Status

Digital Virtual Assistant - MarketsandMarkets