Real Estate Software Market by Cover Page

Real Estate Software Market by Types (Contract Software, Property Management Software, Enterprise Resource Planning Software, Customer Relationship Management Software, and Others), Applications (Residential and Commercial), Deployments (On-premise and Cloud), End-users (Real Estate Agents, Project Managers, Architects & Engineers, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2022 – 2030

  • Report ID: ICT-SE-4207
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 187
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  • Pub. Date: Upcoming
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The real estate software market size was valued at USD 9.2 billion in 2021 and is projected to reach USD 9.6 billion by 2030, expanding at a CAGR of around 9.6% during the forecast period, 2022 – 2030. The growth of the market is attributed to increase in residential and commercial real estate investment, increased urbanization, and adoption of new software tools to reduce manual errors.

Real Estate Software Market by Summary

Real estate software aids real estate agents in marketing efforts, customer relationships, client queries, managing leads, and after-sales services. It gives them a clear overview of their inventory, opportunity pipeline, and sales activity, all of which are handled in one place. These software solutions assist businesses in strengthening relationships with all major players involved in the value chain, such as customers and suppliers. Real estate software is created in such a way that it streamlines procedures and reduces the amount of effort required by organizations. The software may locate relevant matches for the user's property requirements, allowing the system to be customized.

Market Trends, Drivers, Restraints, and Opportunities

  • Use of new software technologies in the real estate business, such as artificial intelligence and cloud, across a variety of applications is projected to drive the market.
  • Factors such as growing digitization of real estate companies and advancements in automation technology are anticipated to fuel the market.
  • Increased requirement for improved protection of sensitive data and better data management strategies are projected to boost the market during the forecast period.
  • The demand for real estate software increasing as the number of smart city development initiatives increases, which is expected to propel the market during the projected period.
  • Virtualization and use of VR are expected to boost the market by saving time & resources, increasing accessibility to include long-distance buyers, and improving user engagement.
  • High costs of initial investment and workforce training is projected to hinder the market growth.

Scope of the Report

The report on the global real estate software market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Real Estate Software Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2021

Historic Data

2019–2020

Forecast Period

2022 – 2030

Segmentation

Types (Contract Software, Property Management Software, Enterprise Resource Planning Software, Customer Relationship Management Software, and Others), Applications (Residential and Commercial), Deployments (On-premise and Cloud), and End-users (Real Estate Agents, Project Managers, Architects & Engineers, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Yardi Systems Inc.; Trimble Inc.; SAP SE; RealPage Inc.; Oracle Corporation; MRI Software LLC; Microsoft Corporation; CoStar Realty Information Inc.; Autodesk Inc.; Altus Group Ltd.; IBM Corporation; CoStar Group, Inc.; Fiserv, Inc.; and Accruent

Market Segment Insights

The customer relationship management software segment accounted for a major market share in 2021

On the basis of types, the market is segregated into contract software, property management software, enterprise resource planning software, customer relationship management software, and others. The customer relationship management software segment accounted for a major market share in 2021. Realtors can use CRM software to keep organized, move tenants, follow up with possible purchasers, and close sales on properties. CRM software also boosts efficiency and productivity by automating routine activities and keeping clients and customers informed about recent changes. Deployment of smart technology and business apps for project management is projected to fuel the market. Furthermore, the growing demand for CRM solutions to ensure the security of sensitive data is estimated to drive the segment. The contract software segment is projected to expand at a high CAGR during the forecast period. Contract management software can help with customer trust development, minimizing investors worry, regulatory compliance, and strict inspection. Compliance with data privacy regulations makes it easier to guard against internal and external security threats, which increases customer trust. The introduction of digital technologies like e-signature and AI-assisted contract administration is propelling the market.

The residential segment held around 55% of the total market share

On the basis of applications, the market is fragmented into residential and commercial. The residential segment held major market share in 2021. The demand for real estate software has increased dramatically in both the commercial and residential sectors recently. increased aspirations for house ownership and steadily rising residential property prices are driving the segment. In recent years, modern infrastructure has been added to buildings, and commercial space has increased dramatically. Residential and commercial property developers can use real estate software to keep track of responsibilities including account management, property administration, document storage, and transaction updates.

Real Estate Software Market by Applications

Cloud segment is projected to expand at a high CAGR during the forecast period

In terms of deployments, the market is bifurcated into on-premise and cloud. The cloud segment held major market share in 2021 and is projected to expand at a high CAGR during the forecast period. Real estate organizations benefit from cloud-based software as it allows them to access data quickly and efficiently, enhancing the efficiency of their workflow. Furthermore, the cloud deployment model, which has greater security standards, allows for efficient administration of massive volumes of data. The significant rise in construction activity globally is expected to accelerate the use of cloud technology to helps businesses manage their operations and improve productivity and efficiency by streamlining procedures with data. The cloud-based deployment does not require extra hardware as compare to on-premise model, making it cost-effective for small organizations. Additionally, the cloud storage capacity can be easily extended or decreased based on needs, and the pay-as-you-go aspect makes it more appealing.

The architects & engineers segment is projected to dominate the market during the forecast period

Based on end-users, the market is segregated into real estate agents, project managers, architects & engineers, and others. The architects & engineers segment accounted for a major market share of around 40% in 2021 and is projected to maintain its dominance during the forecast period. Engineers and architects can focus on their main jobs since real estate software makes it simple and quick to generate reports. Furthermore, real estate software aids in the creation of interactive virtual tours of properties, which architects can utilize to assist consumers better comprehend their designs.

North America dominated the global market

In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America dominated the market in 2021. Continuous investments and a focus on real estate software by businesses of all sizes are driving the market. One of the major factors fueling the market is existence of various software vendors in the region. The market in Asia Pacific is estimated to expand at a rapid pace during the projected period due to substantial economic growth and infrastructure and industrial projects. Infrastructure development spending in countries like Singapore, Japan, China, and India, has increased steadily over the years.

Real Estate Software Market by Regions

Segments

The global real estate software market has been segmented on the basis of

Types
  • Contract Software
  • Property Management Software
  • Enterprise Resource Planning Software
  • Customer Relationship Management Software
  • Others
Applications
  • Residential Commercial
  • Deployments
  • On-premise
  • Cloud
End-users
  • Real Estate Agents
  • Project Managers
  • Architects & Engineers
  • Others
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Yardi Systems Inc.
  • Trimble Inc.
  • SAP SE
  • RealPage Inc.
  • Oracle Corporation
  • MRI Software LLC
  • Microsoft Corporation
  • CoStar Realty Information Inc.
  • Autodesk Inc.
  • Altus Group Ltd.
  • IBM Corporation
  • CoStar Group, Inc.
  • Fiserv, Inc.
  • Accruent

Competitive Landscape

Key players competing in the real estate software market include Yardi Systems Inc.; Trimble Inc.; SAP SE; RealPage Inc.; Oracle Corporation; MRI Software LLC; Microsoft Corporation; CoStar Realty Information Inc.; Autodesk Inc.; Altus Group Ltd.; IBM Corporation; CoStar Group, Inc.; Fiserv, Inc.; and Accruent.

Some of these players are using several market strategies such as acquisitions, mergers, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares, generate revenue, and raise their production line of the business in the coming years. For instance,

  • From January 2020, TRIRIGA, IBM's real estate and facility management software, has AI capabilities.
  • In April 2020, MRI Software improved its finance suites, MRI Work, and MRI Living, to assist clients in navigating the COVID-19 issues.
Real Estate Software Market by Key Players
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Real Estate Software Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Real Estate Software Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Real Estate Software Market - Supply Chain
  4.5. Global Real Estate Software Market Forecast
     4.5.1. Real Estate Software Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Real Estate Software Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Real Estate Software Market Absolute $ Opportunity
5. Global Real Estate Software Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Real Estate Software Market Size and Volume Forecast by Types
     5.3.1. Contract Software
     5.3.2. Property Management Software
     5.3.3. Enterprise Resource Planning Software
     5.3.4. Customer Relationship Management Software
     5.3.5. Others
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Real Estate Software Market Analysis and Forecast by Applications
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Applications
     6.2.2. Y-o-Y Growth Projections by Applications
  6.3. Real Estate Software Market Size and Volume Forecast by Applications
     6.3.1. Residential Commercial
     6.3.2. Deployments
     6.3.3. On-premise
     6.3.4. Cloud
  6.4. Absolute $ Opportunity Assessment by Applications
  6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Real Estate Software Market Analysis and Forecast by End Users
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by End Users
     7.2.2. Y-o-Y Growth Projections by End Users
  7.3. Real Estate Software Market Size and Volume Forecast by End Users
     7.3.1. Real Estate Agents
     7.3.2. Project Managers
     7.3.3. Architects & Engineers
     7.3.4. Others
  7.4. Absolute $ Opportunity Assessment by End Users
  7.5. Market Attractiveness/Growth Potential Analysis by End Users
8. Global Real Estate Software Market Analysis and Forecast by Region
  8.1. Market Trends
  8.2. Introduction
     8.2.1. Basis Point Share (BPS) Analysis by Region
     8.2.2. Y-o-Y Growth Projections by Region
  8.3. Real Estate Software Market Size and Volume Forecast by Region
     8.3.1. North America
     8.3.2. Latin America
     8.3.3. Europe
     8.3.4. Asia Pacific
     8.3.5. Middle East and Africa (MEA)
  8.4. Absolute $ Opportunity Assessment by Region
  8.5. Market Attractiveness/Growth Potential Analysis by Region
  8.6. Global Real Estate Software Demand Share Forecast, 2019-2026
9. North America Real Estate Software Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
  9.2. North America Real Estate Software Market Size and Volume Forecast by Country
     9.2.1. U.S.
     9.2.2. Canada
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. North America Real Estate Software Market Size and Volume Forecast by Types
     9.4.1. Contract Software
     9.4.2. Property Management Software
     9.4.3. Enterprise Resource Planning Software
     9.4.4. Customer Relationship Management Software
     9.4.5. Others
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. North America Real Estate Software Market Size and Volume Forecast by Applications
     9.7.1. Residential Commercial
     9.7.2. Deployments
     9.7.3. On-premise
     9.7.4. Cloud
  9.8. Basis Point Share (BPS) Analysis by Applications
  9.9. Y-o-Y Growth Projections by Applications
  9.10. North America Real Estate Software Market Size and Volume Forecast by End Users
     9.10.1. Real Estate Agents
     9.10.2. Project Managers
     9.10.3. Architects & Engineers
     9.10.4. Others
  9.11. Basis Point Share (BPS) Analysis by End Users
  9.12. Y-o-Y Growth Projections by End Users
  9.13. Market Attractiveness/Growth Potential Analysis
     9.13.1. By Country
     9.13.2. By Product Type
     9.13.3. By Application
  9.14. North America Real Estate Software Demand Share Forecast, 2019-2026
10. Latin America Real Estate Software Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Latin America Average Pricing Analysis
  10.2. Latin America Real Estate Software Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
  10.4. Latin America Real Estate Software Market Size and Volume Forecast by Types
     10.4.1. Contract Software
     10.4.2. Property Management Software
     10.4.3. Enterprise Resource Planning Software
     10.4.4. Customer Relationship Management Software
     10.4.5. Others
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Latin America Real Estate Software Market Size and Volume Forecast by Applications
     10.7.1. Residential Commercial
     10.7.2. Deployments
     10.7.3. On-premise
     10.7.4. Cloud
  10.8. Basis Point Share (BPS) Analysis by Applications
  10.9. Y-o-Y Growth Projections by Applications
  10.10. Latin America Real Estate Software Market Size and Volume Forecast by End Users
     10.10.1. Real Estate Agents
     10.10.2. Project Managers
     10.10.3. Architects & Engineers
     10.10.4. Others
  10.11. Basis Point Share (BPS) Analysis by End Users
  10.12. Y-o-Y Growth Projections by End Users
  10.13. Market Attractiveness/Growth Potential Analysis
     10.13.1. By Country
     10.13.2. By Product Type
     10.13.3. By Application
  10.14. Latin America Real Estate Software Demand Share Forecast, 2019-2026
11. Europe Real Estate Software Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Europe Average Pricing Analysis
  11.2. Europe Real Estate Software Market Size and Volume Forecast by Country
     11.2.1. Germany
     11.2.2. France
     11.2.3. Italy
     11.2.4. U.K.
     11.2.5. Spain
     11.2.6. Russia
     11.2.7. Rest of Europe
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Europe Real Estate Software Market Size and Volume Forecast by Types
     11.4.1. Contract Software
     11.4.2. Property Management Software
     11.4.3. Enterprise Resource Planning Software
     11.4.4. Customer Relationship Management Software
     11.4.5. Others
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Europe Real Estate Software Market Size and Volume Forecast by Applications
     11.7.1. Residential Commercial
     11.7.2. Deployments
     11.7.3. On-premise
     11.7.4. Cloud
  11.8. Basis Point Share (BPS) Analysis by Applications
  11.9. Y-o-Y Growth Projections by Applications
  11.10. Europe Real Estate Software Market Size and Volume Forecast by End Users
     11.10.1. Real Estate Agents
     11.10.2. Project Managers
     11.10.3. Architects & Engineers
     11.10.4. Others
  11.11. Basis Point Share (BPS) Analysis by End Users
  11.12. Y-o-Y Growth Projections by End Users
  11.13. Market Attractiveness/Growth Potential Analysis
     11.13.1. By Country
     11.13.2. By Product Type
     11.13.3. By Application
  11.14. Europe Real Estate Software Demand Share Forecast, 2019-2026
12. Asia Pacific Real Estate Software Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Asia Pacific Average Pricing Analysis
  12.2. Asia Pacific Real Estate Software Market Size and Volume Forecast by Country
     12.2.1. China
     12.2.2. Japan
     12.2.3. South Korea
     12.2.4. India
     12.2.5. Australia
     12.2.6. Rest of Asia Pacific (APAC)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Asia Pacific Real Estate Software Market Size and Volume Forecast by Types
     12.4.1. Contract Software
     12.4.2. Property Management Software
     12.4.3. Enterprise Resource Planning Software
     12.4.4. Customer Relationship Management Software
     12.4.5. Others
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Asia Pacific Real Estate Software Market Size and Volume Forecast by Applications
     12.7.1. Residential Commercial
     12.7.2. Deployments
     12.7.3. On-premise
     12.7.4. Cloud
  12.8. Basis Point Share (BPS) Analysis by Applications
  12.9. Y-o-Y Growth Projections by Applications
  12.10. Asia Pacific Real Estate Software Market Size and Volume Forecast by End Users
     12.10.1. Real Estate Agents
     12.10.2. Project Managers
     12.10.3. Architects & Engineers
     12.10.4. Others
  12.11. Basis Point Share (BPS) Analysis by End Users
  12.12. Y-o-Y Growth Projections by End Users
  12.13. Market Attractiveness/Growth Potential Analysis
     12.13.1. By Country
     12.13.2. By Product Type
     12.13.3. By Application
  12.14. Asia Pacific Real Estate Software Demand Share Forecast, 2019-2026
13. Middle East & Africa Real Estate Software Market Analysis and Forecast
  13.1. Introduction
     13.1.1. Basis Point Share (BPS) Analysis by Country
     13.1.2. Y-o-Y Growth Projections by Country
     13.1.3. Middle East & Africa Average Pricing Analysis
  13.2. Middle East & Africa Real Estate Software Market Size and Volume Forecast by Country
     13.2.1. Saudi Arabia
     13.2.2. South Africa
     13.2.3. UAE
     13.2.4. Rest of Middle East & Africa (MEA)
  13.3. Absolute $ Opportunity Assessment by Country
  13.4. Middle East & Africa Real Estate Software Market Size and Volume Forecast by Types
     13.4.1. Contract Software
     13.4.2. Property Management Software
     13.4.3. Enterprise Resource Planning Software
     13.4.4. Customer Relationship Management Software
     13.4.5. Others
  13.5. Basis Point Share (BPS) Analysis by Types
  13.6. Y-o-Y Growth Projections by Types
  13.7. Middle East & Africa Real Estate Software Market Size and Volume Forecast by Applications
     13.7.1. Residential Commercial
     13.7.2. Deployments
     13.7.3. On-premise
     13.7.4. Cloud
  13.8. Basis Point Share (BPS) Analysis by Applications
  13.9. Y-o-Y Growth Projections by Applications
  13.10. Middle East & Africa Real Estate Software Market Size and Volume Forecast by End Users
     13.10.1. Real Estate Agents
     13.10.2. Project Managers
     13.10.3. Architects & Engineers
     13.10.4. Others
  13.11. Basis Point Share (BPS) Analysis by End Users
  13.12. Y-o-Y Growth Projections by End Users
  13.13. Market Attractiveness/Growth Potential Analysis
     13.13.1. By Country
     13.13.2. By Product Type
     13.13.3. By Application
  13.14. Middle East & Africa Real Estate Software Demand Share Forecast, 2019-2026
14. Competition Landscape
  14.1. Global Real Estate Software Market: Market Share Analysis
  14.2. Real Estate Software Distributors and Customers
  14.3. Real Estate Software Market: Competitive Dashboard
  14.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     14.4.1. Yardi Systems Inc.
     14.4.2. Trimble Inc.
     14.4.3. SAP SE
     14.4.4. RealPage Inc.
     14.4.5. Oracle Corporation
     14.4.6. MRI Software LLC
     14.4.7. Microsoft Corporation
     14.4.8. CoStar Realty Information Inc.

The global real estate software market has been segmented on the basis of

Types
  • Contract Software
  • Property Management Software
  • Enterprise Resource Planning Software
  • Customer Relationship Management Software
  • Others
Applications
  • Residential Commercial
  • Deployments
  • On-premise
  • Cloud
End-users
  • Real Estate Agents
  • Project Managers
  • Architects & Engineers
  • Others
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Yardi Systems Inc.
  • Trimble Inc.
  • SAP SE
  • RealPage Inc.
  • Oracle Corporation
  • MRI Software LLC
  • Microsoft Corporation
  • CoStar Realty Information Inc.
  • Autodesk Inc.
  • Altus Group Ltd.
  • IBM Corporation
  • CoStar Group, Inc.
  • Fiserv, Inc.
  • Accruent

Key players competing in the real estate software market include Yardi Systems Inc.; Trimble Inc.; SAP SE; RealPage Inc.; Oracle Corporation; MRI Software LLC; Microsoft Corporation; CoStar Realty Information Inc.; Autodesk Inc.; Altus Group Ltd.; IBM Corporation; CoStar Group, Inc.; Fiserv, Inc.; and Accruent.

Some of these players are using several market strategies such as acquisitions, mergers, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares, generate revenue, and raise their production line of the business in the coming years. For instance,

  • From January 2020, TRIRIGA, IBM's real estate and facility management software, has AI capabilities.
  • In April 2020, MRI Software improved its finance suites, MRI Work, and MRI Living, to assist clients in navigating the COVID-19 issues.
Real Estate Software Market by Key Players

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FAQ Section

Some frequently asked quetions about this report!

The real estate software market is projected to expand at a CAGR of around 9.6% during the forecast period, 2022 – 2030.

The real estate software market size was valued at USD 9.2 billion in 2021.

The architects & engineers segment is projected to dominate the market during the forecast period.

North America dominated the global market.

Top players in the real estate software market include Microsoft Corporation; CoStar Realty Information Inc.; Autodesk Inc.; and Altus Group Ltd.