Global PropTech Market Size To Exceed USD 124.6 Billion By 2035 |
Category: Information & TechnologyGlobal PropTech Market Size To Exceed USD 124.6 Billion By 2035
According to a research report published by Spherical Insights & Consulting, the Global PropTech Market Size is expected to grow from USD 35.9 Billion in 2024 to USD 124.6 Billion by 2035, at a CAGR of 11.98% during the forecast period 2025-2035.
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Browse key industry insights spread across 276 pages with 124 Market data tables and figures & charts from the report on the "Global PropTech Market Size, Share, and COVID-19 Impact Analysis, By Property Type (Residential and Commercial and Industrial), By Solution (Software and Services), By Deployment (Cloud and On-premise), By End-user (Housing Associations, Property Managers/ Agents, Property Investors, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 – 2035. " Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/proptech-market
The proptech market refers to the use of digital technologies and information technology (IT) to innovate and streamline the real estate industry. It offers tools and platforms for managing, buying, renting, and investing in real estate. PropTech solutions aim to boost efficiency, reduce costs, and enhance user experiences at every step of a real estate transaction. Smart home technologies, shared real estate platforms, and fintech applications for real estate are significant market areas. The market growth is driven by the widespread application of cutting-edge technologies, such as big data, cloud computing, AI, IoT, ML, and VR. These tools speed up property management, enhance customer service, and offer more detailed information for better decision-making. Property management software (PMS) and asset management systems are improving operational efficiency and tenant satisfaction. Big data is transforming marketing strategies, investment strategies, and risk management in real estate. Cloud computing facilitates seamless service integration, especially when it comes to multifamily property operations. However, the market growth is hindered by the complex laws on lending, data privacy, and licensing particularly hinder adoption for SMEs and new users.
The residential segment held the largest share in 2024 and is anticipated to grow at a significant CAGR during the forecast period.
On the basis of property type, the proptech market is classified into residential and commercial, and industrial. Among these, the residential segment held the largest share in 2024 and is anticipated to grow at a significant CAGR during the forecast period. The segmental growth can be attributed to the technological advancements in the residential real estate market. Since they provide services like virtual open houses and digital closings, tech companies have shown a greater interest in the residential sector. Technological developments have simplified the initial processes for prospective homeowners.
The software segment accounted for the largest share in 2024 and is estimated to grow at a remarkable CAGR during the forecast period.
On the basis of solutions, the proptech market is categorized into software and services. Among these, the software segment accounted for the largest share in 2024 and is estimated to grow at a remarkable CAGR during the forecast period. The segmental growth can be attributed to the integrated platform, where users may advertise, find real estate agents, buy, rent, list, and do a lot more, all on one platform or piece of software. It helps companies and organizations increase corporate efficiency, financing alternatives, and customer pleasure. Consequently, it offers users a comprehensive solution that satisfies their requirements.
The on-premise segment held the largest share in 2024 and is anticipated to grow at a significant CAGR during the forecast period.
On the basis of deployment, the proptech market is categorized into cloud, on-premise. Among these, the on-premise segment held the largest share in 2024 and is anticipated to grow at a significant CAGR during the forecast period. The segmental growth can be attributed to It gives the user complete control over the solution and lets them design documents and data fields the way they want. One of the primary benefits of this deployment is the possibility of customization to match software features and service segments with the needs of the business.
The housing association segment held the largest share in 2024 and is anticipated to grow at a significant CAGR during the forecast period.
On the basis of end users, the proptech market is categorized into housing associations, property managers/ agents, property investors, and others. Among these, the housing association segment held the largest share in 2024 and is anticipated to grow at a significant CAGR during the forecast period. The segmental growth can be attributed to the increasing demand for apartment societies and townships. Additionally, the ability of these systems to monitor payments, oversee mortgages, and oversee rents aids housing organizations in operating more efficiently, increasing their market share.
North America is expected to hold the majority share of the global proptech market during the forecast period.
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North America is expected to hold the majority share of the global proptech market during the forecast period. The region the presence of prominent businesses in the region, such as Ascendix Technologies, Zumper Inc., Opendoor, and Altus Group. The real estate industry is one of the most stable and promising sectors in North America, and it is growing. The region is recognized as an early adopter of technology. The tech-savvy millennial generation in the area makes up around 43% of the housing market, which is driving up demand for smart homes with Internet of Things-enabled appliances. The North American market is therefore growing as a result of this.
Asia Pacific is anticipated to grow at the fastest pace in the global proptech market during the forecast period. The proptech investment growth across the Asia-Pacific area. According to industry experts, the largest proptech markets in Asia-Pacific are in China and India. Proptech companies in the area are focusing on expanding, developing, and seeking additional funding. Additionally, it is projected that the region will use proptech software more often due to technological developments that improve its functionality, such as voice commands, machine learning, artificial intelligence, and data analytics.
Major vendors in the global proptech market are Ascendix Technologies, Qualia, Zumper Inc., Proptech group, Opendoor, Homelight, Altus Group, Enertiv, Guesty Inc., Reggora, HoloBuilder, Inc., Vergesense, Zillow, Inc., Coadjute, ManageCasa, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Key Market Development
- In February 2024, the Lithuanian Proptech Association hosted a Built Environment Decarbonisation Bootcamp to help global Proptech entrepreneurs and Baltic real estate enterprises launch their products into the European market.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the proptech market based on the below-mentioned segments:
Global PropTech Market, By Property Type
- Residential
- Commercial and Industrial
Global PropTech Market, By Solution
- Software
- Services
Global PropTech Market, By Deployment
- Cloud
- On-premise
Global PropTech Market, By End-user
- Housing Associations
- Property Managers/ Agents
- Property Investors
- Others
Global PropTech Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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