PROPTECH MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

PropTech refers to the platform that utilizes technology to enhance and disrupt the real estate and property industry. PropTech aims to streamline workflows, improve efficiency, and modernize the customer experience through innovation. Advancements in areas such as artificial intelligence (AI), Internet of Things (IoT), blockchain, augmented/virtual reality (AR/VR), and big data have opened up possibilities for revolutionizing traditional property processes involving transactions, maintenance, and management. The emergence of advanced digital solutions enables  property owners and managers to optimize operations, lower costs, enhance security and sustainability, and offer personalized services to customers. The convergence of real estate and technology can lead to wide-ranging transformation in processes across the property lifecycle from renting and selling to facility management in the future.

Market Dynamics:

Global PropTech market growth is driven by growing emphasis on automation and digitalization of property operations. Rising demand for technologically sophisticated tools among real estate owners and managers to improve efficiency can drive the market growth. Furthermore, proliferation of smart city initiatives involving integrated IoT infrastructure can offer opportunities for PropTech vendors. However, high investment costs for implementation of advanced property management solutions can hamper its adoption rates. Data privacy and security concerns pertaining to use of cloud-based real estate platforms can also hamper the market growth. Emergence of 5G technology is further expected to accelerate contactless property transactions through augmented reality viewing capabilities.

Key features of the study:

- This report provides in-depth analysis of the global PropTech market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year

- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players

- It profiles key players in the global PropTech market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies

- Key companies covered as a part of this study include Altus Group, Ascendix Technologies, Coadjute Limited, CoStar Group, Enertiv, Guesty Inc., HoloBuilder, Inc., Homelight, Houzz, Locale, ManageCasa, Opendoor, Reggora, Qualia, and Zillow, Inc.

- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

- Global PropTech market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global PropTech market

Detailed Segmentation:

• By Property Type
• • Residential
  • Commercial
  • Industrial
• By Deployment
• • Cloud-based
  • On-premises
• By End User
• • Housing Associations
  • Property Managers/ Agents
  • Property Investors
  • Others
• By Region
• • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Key Players Insights
• • Altus Group
  • Ascendix Technologies
  • Coadjute Limited
  • CoStar Group
  • Enertiv
  • Guesty Inc.
  • HoloBuilder, Inc.
  • Homelight
  • Houzz
  • Locale
  • ManageCasa
  • Opendoor
  • Reggora
  • Qualia
  • Zillow, Inc.