Global Real Estate Software for Builders and Real Estate Agents Market, By Product Type (Enterprise Resource Planning (ERP), Property Management System (PMS), Customer Relationship Management (CRM) and Others), Application (Small Enterprises, Medium Enterprises, and Large Enterprises) – Industry Trends and Forecast to 2029.
Real Estate Software for Builders and Real Estate Agents Market Analysis and Size
Major providers real estate software for builders and real estate agents are adopting advanced technologies to provide more relevant products to builders and real estate agents for fulfilling the requirements of customers. Several vendors are adopting virtual reality (VR) to save time and resources, improve user engagement, and expand the reach of long distance buyers. Furthermore, artificial intelligence (AI) and machine learning (ML) enables industries to automate time-consuming tasks which result in an augmented return on investments (ROI).
Data Bridge Market Research analyses that the real estate software for builders and real estate agents market was valued at USD 9290.30 million in 2021 and is expected to reach the value of USD 19061.99 million by 2029, at a CAGR of 9.40% during the forecast period. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Real Estate Software for Builders and Real Estate Agents Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product Type (Enterprise Resource Planning (ERP), Property Management System (PMS), Customer Relationship Management (CRM) and Others), Application (Small Enterprises, Medium Enterprises, and Large Enterprises)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Yardi Systems Inc. (U.S.), Microsoft (U.S.), SAP (Germany), RealPage Inc. (U.S.), IBM Corporation (U.S.), MRI Software LLC (U.S.), Oracle (U.S.), Salesforce, Inc. (U.S.), Sage Group plc (U.K.), Cisco System Inc, (U.S.), Infosys Limited (India), Xerox (U.S.), Hyland Software, Inc. (U.S.), Daemon Information Systems (India), Aptos, LLC (U.S.), Brokermint (U.S.), Bitrix24 (U.S.), Astral Technologies (U.S.), Altus Group (Canada)
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Market Opportunities
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Market Definition
Real estate is a unique and different solution designed for property agents, real estate agencies and builders. It is an end-to-end software which agent usage to for generating intelligent reports that deliver insight as well as manage property leads which automate daily booking operations for project management,
Global Real Estate Software for Builders and Real Estate Agents Market
Drivers
- Growing demand for consumer relationship management (CRM)
The Consumer Relationship Management (CRM) software helps realtors move tenants, stay organized, close sales deals on properties and follow up with potential buyers. CRM software also aids in improving efficiency and productivity by keeping clients and customers up to date about recent updates and speeding up routine processes. The increasing adoption of enterprise applications and smart technologies for project management could further boost the demand of Consumer Relationship Management which eventually drive the growth rate of the real estate software for builders and real estate agents market
- Generate Integrated Marketing Solutions
The real estate software offers some marketing capabilities to help with email interaction and automation. Moreover, real estate software such as CRM combined with a compatible market solution may increase marketing potential and sales of business organizations. Several features of the CRM software aid in creating a better consumer profile. Furthermore, the automated lead scoring feature of this CRM software aids in prioritizing the sale.
- High usage of the real estate software for builders and real estate agents
Real estate software helps in both commercial and residential property builders to track associated tasks such as storage of legal documents, transaction updates, property management, and easy handling of property accounts. Several countries have also seen a rise in the number of retail shops which need knowledge about building and property leases. Real estate software solutions can help customers and businesses to acquire important knowledge.
Opportunities
- Provide better data security
The real estate industry deals with a lot of personal data related to builders and real estate agents which is necessary to be kept protected as to ensure the security of client’s information specifically when the information is hosted at the cloud. This is because any unofficial user can use the data, leading to major losses for organization. The real estate software delivers the feature of digital security to for builders and real estate agents. The customer relationship management (CRM) software offer record-based security which limits the access of personal information by unauthorized users and role-based security which sets rights for particular type of users. The cloud-based software are also adding external security features which is expected to create lucrative opportunities for the growth of the market.
Restraints
- High costs associated with real estate software for builders and real estate agents
The main disadvantage of the real estate software for builders and real estate agents is its cost. This software would upsurge the IT budget. The adoption of real estate solution needs improved network infrastructure and hardware. Moreover, The high investments and training cost could restraint the market growth to a certain extent. Property management industries are shifting towards online platforms, which could further upsurge the cost of the real estate software for builders and real estate agents and hamper the market growth.
This real estate software for builders and real estate agents market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the real estate software for builders and real estate agents market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Real Estate Software for Builders and Real Estate Agents Market
The outbreak of COVID-19 pandemic has affected all over the globe. Many restrictions over movement of people and goods along with complete lockdown implemented by the government of several countries to curb the effect of the novel coronavirus affected all the businesses in one or other way. The real estate software for builders and real estate agents market industry is negatively impacted during this pandemic. The discontinuance of construction activities resulted in a drop in demand for real estate software in the market all over the globe.
While, the market is expected to get back on their track because of the increasing demand for digitalization of the data and records of existing customers that may aid business organizations regarding purchasing behaviour of consumers. Moreover, the rising urbanization and population resulting in augmented development of infrastructure with the smart solution are likely to contribute in the growth of the real estate software for builders and real estate agents post pandemic.
Global Real Estate Software for Builders and Real Estate Agents Market Scope
The real estate software for builders and real estate agents market is segmented on the basis of product type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Enterprise Resource Planning (ERP)
- Property Management System (PMS)
- Customer Relationship Management (CRM)
- Others
Application
- Small Enterprises
- Medium Enterprises
- Large Enterprises
Real Estate Software for Builders and Real Estate Agents Market Regional Analysis/Insights
The real estate software for builders and real estate agents market is analyzed and market size insights and trends are provided by country, product type and application as referenced above.
The countries covered in the real estate software for builders and real estate agents market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the real estate software for builders and real estate agents market due to the logistics and property division is necessitating adequate space supervision. Also, the most high-grade feature foundation and assistance at competitive charges are likely to boost the outlook growth in this region.
North America will continue to project the highest compound annual growth rate during the forecast period of 2022-2029 increase in infrastructure development and urbanization activities and the adoption of new technologies for several residential and commercial applications in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Real Estate Software for Builders and Real Estate Agents Market Share Analysis
The real estate software for builders and real estate agents market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to real estate software for builders and real estate agents market.
Some of the major players operating in the real estate software for builders and real estate agents market are:
- Yardi Systems Inc. (U.S.)
- Microsoft (U.S.)
- SAP (Germany)
- RealPage Inc. (U.S.)
- IBM Corporation (U.S.)
- MRI Software LLC (U.S.)
- Oracle (U.S.)
- Salesforce, Inc. (U.S.)
- Sage Group plc (U.K.)
- Cisco System Inc, (U.S.)
- Infosys Limited (India)
- Xerox (U.S.)
- Hyland Software, Inc. (U.S.)
- Daemon Information Systems (India)
- Aptos, LLC (U.S.)
- Brokermint (U.S.)
- Bitrix24 (U.S.)
- Astral Technologies (U.S.)
- Altus Group (Canada)
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