What is the current market size and future outlook for the real estate software market?
The real estate software market size has grown strongly in recent years. It will grow from $11.71 billion in 2024 to $12.8 billion in 2025 at a compound annual growth rate (CAGR) of 9.3%. The growth in the historic period can be attributed to market adoption, regulatory landscape, competitive landscape, economic factors, user preferences.
The real estate software market size is expected to see rapid growth in the next few years. It will grow to $19.58 billion in 2029 at a compound annual growth rate (CAGR) of 11.2%. The growth in the forecast period can be attributed to demographic shifts, user demands and expectations, global economic trends, integration with other systems, remote work and flexibility. Major trends in the forecast period include emerging technologies, technological advancements, mobile application, sustainability and green technologies, digitization and automation, blockchain technology.
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What have been the primary factors driving the real estate software market’s growth?
The rise in commercial and residential real estate activities is expected to propel the growth of the real estate software market going forward. Many leading real estate companies are adopting software solutions for operations to reduce interruptions in services, decrease human errors, allot tasks efficiently for large volume projects, reduce communication gaps, and also manage finances. For instance, in December 2022, according to the Stats NZ Tatauranga Aotearoa, a New Zealand-based government data agency, building activities increased by 3.8% in September 2022. Furthermore, Residential building activity increased by 3.1% in the September 2022 quarter, while non-residential building activity grew by 4.9%. Therefore, the rising high-end apartments, houses, and skyscrapers in developing countries are driving the real estate software market growth.
What are the key segments within the real estate software market?
The real estate software market covered in this report is segmented –
1) By Product: Enterprise Resource Planning (ERP), Property Management System (PMS), Customer Relationship Management (CRM)
2) By Deployment Type: Cloud, On-Premise
3) By Application: Commercial, Residential
Subsegments:
1) By Enterprise Resource Planning (ERP): Financial Management, Project Management, Supply Chain Management
2) By Property Management System (PMS): Tenant Management, Lease Tracking, Maintenance Management
3) By Customer Relationship Management (CRM): Lead Management, Sales Tracking, marketing Automation
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Which key players are shaping the real estate software market?
Major companies operating in the real estate software market include Microsoft Corporation, International Business Machines Corporation, Oracle Corporation, SAP SE, Fiserv Inc., Constellation Software Inc., Dassault Systèmes SE, Autodesk Inc., Trimble Inc., CoStar Group Inc., Zillow Group Inc., RealPage Inc., Yardi Systems Inc., Altus Group Ltd., AppFolio Inc., Entrata Inc., MRI Software LLC, Redfin Corporation, Buildertrend Solutions Inc., Accruent LLC, Inside Real Estate LLC, Propertybase LLC, ServusConnect LLC, AMTdirect LLC, Procore Technologies Inc., CoreLogic Inc., Zoho Corporation Pvt Ltd., Newforma Inc.
How will emerging trends drive the real estate software market throughout the forecast period?
The adoption of artificial intelligence and machine learning is a rising trend in the real estate software market. Artificial intelligence (AI) enables applications to help real estate companies with marketing campaigns, managing property portfolios, leasing, accounting, operations, and many other functions. One of the recent developments of AI in the real estate market is virtual tours. Virtual tours are provided for properties that are still under construction or for customers abroad, where the customer can see a 3D view of the property. For instance, In August 2024, reAlpha Tech Corp., a real estate technology firm focused on AI development and commercialization, launched reAlpha, a Super App for mobile devices. This Super App offers a comprehensive, commission-free real estate experience on mobile, complementing its online platform. It integrates Claire, reAlpha’s generative AI buyer’s agent, licensed human agent support, and a range of homebuying tools, including title and escrow agent services.
How do regional factors impact the real estate software market, and which region is the largest contributor?
The countries covered in the real estate software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
What Does The Real Estate Software Market Report 2025 Offer?
The real estate software market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Real estate software is a set of solutions and platforms that are used for automating administrative, marketing, and other business tasks in real estate companies. Real estate software helps companies manage various functions such as operations, planning, stakeholder management, financing, marketing, and many others.
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