Global IT in Real Estate Market, By Geography; Enterprise Application (Customer Relationship Management, Enterprise Resource Planning, Enterprise Content Management, Business Intelligence, Business Process Management); Service; Deployment Type; Security Solution - Industry Trends and Forecast to 2024
The global IT in real estate market accounted for USD 6.2 billion in 2016 growing at a CAGR of 13.01% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Market Definition: Global IT in Real Estate Market
IT in real estate has played a crucial role to cater varied preferences of real estate customers through smart technological solutions. Demand has aroused due to increasing need to manage data and ensure security of sensitive information. Increasing demand for enterprise applications may act as the major driver in the growth of IT in real estate. On the other side, high cost involved in the technological transition of various business processes may hamper the market.
Major market drivers & restraints:
- Increasing demand for smart technological solutions
- Increasing demand for enterprise applications
- Growing need to manage data and ensure security of sensitive information
- High cost involved in the technological transition of various business processes
- Transformation of property management business from physical to online platforms
Market Segmentation: Global IT in Real Estate Market
The global IT in real estate market is segmented on the basis of enterprise application into customer relationship management, enterprise resource planning, enterprise content management, business intelligence, and business process management.
On the basis of service, the global IT in real estate market is segmented into integration & deployment, consulting, maintenance & support, and others.
On the basis of deployment model, the global IT in real estate market is segmented into on-premises, and cloud.
On the basis of security solution, the global IT in real estate market is segmented into commercial & service, and residential.
On the basis of geography, the global IT in real estate market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
Company Share Analysis: Global IT in Real Estate Market
The report for IT in real estate market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others. The report also measures technology life line curve and market time line to analyze and do more affective investments.
Major Market Competitors: Global IT in Real Estate Market
Some of the major players of the global IT in real estate market are Microsoft Corporation, Yardi Systems, Inc., RealPage, Inc., SAP SE, IBM Corporation, Oracle, MRI Software LLC, Salesforce, The Sage Group plc, Accenture, and others.
Research Methodology: Global IT in Real Estate Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call
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Some of the key research methodologies used by DBMR Research
team is Vendor Positioning Grid, Technology Life Line Curve, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Multivariate Modeling, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about of research skills drop an inquiry to speak to our industry experts.