Product Code: A185555
According to a new report published by Allied Market Research, titled, "PropTech Market," The proptech market was valued at $26.8 billion in 2022, and is estimated to reach $119.9 billion by 2032, growing at a CAGR of 16.5% from 2023 to 2032.
Additionally, proptech solutions streamline a number of formerly labor-intensive and manual activities, including property administration, leasing, and maintenance. This improves operational effectiveness, lessens the administrative stress, and enables handling of larger portfolios with less resources. In addition, large volumes of data are collected and analyzed by proptech solutions, which offer insightful information to real estate experts.
In addition, with increasing urbanization and digitization in every sphere of life and industry, today technology is the central driving force in improving overall well-being and driving key economic metrics across the globally. This rapid adoption of technology has also created lucrative vistas opportunities with promising potential for disrupting traditional industries such as the real estate sector that is primed for technological disruptions and digital transformations. Moreover, as technology continues to advance, the proptech industry is likely to expand further, providing new and exciting possibilities for both real estate businesses and consumers alike. Moreover, proptech platforms frequently provide more effective user experiences to both renters and property owners. Online rental applications, virtual property tours, and digital lease agreements simplify and improve the convenience of the leasing process for every participant. Additionally, the growing trend of digital marketing and online advertising and marketing strategies are major factors driving the market growth. Meanwhile, numerous public and private enterprises are adopting several strategies such as collaboration, partnership, and product launch to expand their product portfolio in proptech solutions, which is anticipated to accelerate the market demand and hence, drive global market growth.
Also, the proptech market is witnessing significant growth, owing to several key factors including the expansion of online platforms. Moreover, the proptech solutions can include blockchain technology to offer safe and transparent real estate transactions. Such factors further help organizations to enhance the customer experience, hence, are anticipated to drive global market growth.
Furthermore, increase in adoption of IoT devices and rise in demand for automation and efficiency positively impact the growth of the market. In addition, growing investment in industry 4.0 technologies is expected to propel the global market growth. However, lack of skilled professionals in AI infrastructure and data privacy & security concerns are expected to hamper the market growth. Furthermore, rise in advancements in AI technologies creates numerous opportunities for proptech solutions to optimize resource management, reduce energy consumption, and improve quality of life. Moreover, reduction in the cost of connected devices is expected to offer remunerative opportunities for the expansion of the global market during the forecast period.
The proptech market is segmented into component, deployment mode, type, end user, and region. By component, it is bifurcated into solution and service. Based onBy deployment mode, it is divided into on-premise and cloud learning. By type, it is categorized into residential and commercial. Oon the basis of end user, the market is classified into housing associations, property managers/ agents, property investors, and others. Region- wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The market players operating in the proptech market are proptech market are Altus Group, Ascendix Technologies, Coadjute Limited, Guesty Inc., HoloBuilder, Inc., ManageCasa, Inc., Opendoor technologies, Inc., Qualia, Zillow, Inc. and Zumper Inc. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships, which help to drive the growth of the proptech market globally.
Key Benefits for Stakeholders
- The study provides an in-depth analysis of the proptech market forecast along with the current and future trends to explain the imminent investment pockets.
- Information about key drivers, restraints, and opportunities and their impact analysis on proptech market trends is provided in the report.
- The Porter's five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
- The quantitative analysis of the proptech market from 2022 to 2032 is provided to determine the market potential.
Additional benefits you will get with this purchase are:
- Quarterly Update and* (only available with a corporate license, on listed price)
- 5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
- Free Upcoming Version on the Purchase of Five and Enterprise User License.
- 16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
- 15% Free Customization* (in case the scope or segment of the report does not match your requirements, 20% is equivalent to 3 working days of free work, applicable once)
- Free data Pack on the Five and Enterprise User License. (Excel version of the report)
- Free Updated report if the report is 6-12 months old or older.
- 24-hour priority response*
- Free Industry updates and white papers.
Possible Customization with this report (with additional cost and timeline talk to the sales executive to know more)
- Investment Opportunities
- Technology Trend Analysis
- Regulatory Guidelines
- Strategic Recommedations
- Additional company profiles with specific to client's interest
- SWOT Analysis
Key Market Segments
By Component
By Deployment Mode
By Type
By End-User
- Housing Associations
- Property Managers/ Agents
- Property Investors
- Others
By Region
- North America
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players:
- Zumper Inc.
- ManageCasa, Inc.
- Qualia
- Guesty Inc.
- Ascendix Technologies
- HoloBuilder, Inc.
- Zillow, Inc.
- Coadjute Limited
- Opendoor Technologies, Inc.
- Altus Group
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research Methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter's five forces analysis
- 3.3.1. Low-to-high bargaining power of suppliers
- 3.3.2. Low-to-high threat of new entrants
- 3.3.3. Moderate-to-high threat of substitutes
- 3.3.4. Low-to-high intensity of rivalry
- 3.3.5. Moderate-to-high bargaining power of buyers
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.1.1. Accelerated adoption of artificial intelligence (AI) and big data
- 3.4.1.2. Digital Transformation in Real Estate
- 3.4.2. Restraints
- 3.4.2.1. Traditional Mindset
- 3.4.2.2. Slower adoption of technology in real estate industry
- 3.4.3. Opportunities
- 3.4.3.1. IoT (Internet of Things) and smart building
- 3.5. COVID-19 Impact Analysis on the market
- 3.6. Public Policy
CHAPTER 4: PROPTECH MARKET, BY COMPONENT
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Solution
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. Service
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
CHAPTER 5: PROPTECH MARKET, BY DEPLOYMENT MODE
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. On-premise
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. Cloud
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
CHAPTER 6: PROPTECH MARKET, BY TYPE
- 6.1. Overview
- 6.1.1. Market size and forecast
- 6.2. Residential
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
- 6.3. Commercial
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
CHAPTER 7: PROPTECH MARKET, BY END-USER
- 7.1. Overview
- 7.1.1. Market size and forecast
- 7.2. Housing Associations
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by region
- 7.2.3. Market share analysis by country
- 7.3. Property Managers/ Agents
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by region
- 7.3.3. Market share analysis by country
- 7.4. Property Investors
- 7.4.1. Key market trends, growth factors and opportunities
- 7.4.2. Market size and forecast, by region
- 7.4.3. Market share analysis by country
- 7.5. Others
- 7.5.1. Key market trends, growth factors and opportunities
- 7.5.2. Market size and forecast, by region
- 7.5.3. Market share analysis by country
CHAPTER 8: PROPTECH MARKET, BY REGION
- 8.1. Overview
- 8.1.1. Market size and forecast By Region
- 8.2. North America
- 8.2.1. Key market trends, growth factors and opportunities
- 8.2.2. Market size and forecast, by Component
- 8.2.3. Market size and forecast, by Deployment Mode
- 8.2.4. Market size and forecast, by Type
- 8.2.5. Market size and forecast, by End-User
- 8.2.6. Market size and forecast, by country
- 8.2.6.1. U.S.
- 8.2.6.1.1. Market size and forecast, by Component
- 8.2.6.1.2. Market size and forecast, by Deployment Mode
- 8.2.6.1.3. Market size and forecast, by Type
- 8.2.6.1.4. Market size and forecast, by End-User
- 8.2.6.2. Canada
- 8.2.6.2.1. Market size and forecast, by Component
- 8.2.6.2.2. Market size and forecast, by Deployment Mode
- 8.2.6.2.3. Market size and forecast, by Type
- 8.2.6.2.4. Market size and forecast, by End-User
- 8.3. Europe
- 8.3.1. Key market trends, growth factors and opportunities
- 8.3.2. Market size and forecast, by Component
- 8.3.3. Market size and forecast, by Deployment Mode
- 8.3.4. Market size and forecast, by Type
- 8.3.5. Market size and forecast, by End-User
- 8.3.6. Market size and forecast, by country
- 8.3.6.1. UK
- 8.3.6.1.1. Market size and forecast, by Component
- 8.3.6.1.2. Market size and forecast, by Deployment Mode
- 8.3.6.1.3. Market size and forecast, by Type
- 8.3.6.1.4. Market size and forecast, by End-User
- 8.3.6.2. Germany
- 8.3.6.2.1. Market size and forecast, by Component
- 8.3.6.2.2. Market size and forecast, by Deployment Mode
- 8.3.6.2.3. Market size and forecast, by Type
- 8.3.6.2.4. Market size and forecast, by End-User
- 8.3.6.3. France
- 8.3.6.3.1. Market size and forecast, by Component
- 8.3.6.3.2. Market size and forecast, by Deployment Mode
- 8.3.6.3.3. Market size and forecast, by Type
- 8.3.6.3.4. Market size and forecast, by End-User
- 8.3.6.4. Italy
- 8.3.6.4.1. Market size and forecast, by Component
- 8.3.6.4.2. Market size and forecast, by Deployment Mode
- 8.3.6.4.3. Market size and forecast, by Type
- 8.3.6.4.4. Market size and forecast, by End-User
- 8.3.6.5. Spain
- 8.3.6.5.1. Market size and forecast, by Component
- 8.3.6.5.2. Market size and forecast, by Deployment Mode
- 8.3.6.5.3. Market size and forecast, by Type
- 8.3.6.5.4. Market size and forecast, by End-User
- 8.3.6.6. Rest of Europe
- 8.3.6.6.1. Market size and forecast, by Component
- 8.3.6.6.2. Market size and forecast, by Deployment Mode
- 8.3.6.6.3. Market size and forecast, by Type
- 8.3.6.6.4. Market size and forecast, by End-User
- 8.4. Asia-Pacific
- 8.4.1. Key market trends, growth factors and opportunities
- 8.4.2. Market size and forecast, by Component
- 8.4.3. Market size and forecast, by Deployment Mode
- 8.4.4. Market size and forecast, by Type
- 8.4.5. Market size and forecast, by End-User
- 8.4.6. Market size and forecast, by country
- 8.4.6.1. China
- 8.4.6.1.1. Market size and forecast, by Component
- 8.4.6.1.2. Market size and forecast, by Deployment Mode
- 8.4.6.1.3. Market size and forecast, by Type
- 8.4.6.1.4. Market size and forecast, by End-User
- 8.4.6.2. Japan
- 8.4.6.2.1. Market size and forecast, by Component
- 8.4.6.2.2. Market size and forecast, by Deployment Mode
- 8.4.6.2.3. Market size and forecast, by Type
- 8.4.6.2.4. Market size and forecast, by End-User
- 8.4.6.3. India
- 8.4.6.3.1. Market size and forecast, by Component
- 8.4.6.3.2. Market size and forecast, by Deployment Mode
- 8.4.6.3.3. Market size and forecast, by Type
- 8.4.6.3.4. Market size and forecast, by End-User
- 8.4.6.4. Australia
- 8.4.6.4.1. Market size and forecast, by Component
- 8.4.6.4.2. Market size and forecast, by Deployment Mode
- 8.4.6.4.3. Market size and forecast, by Type
- 8.4.6.4.4. Market size and forecast, by End-User
- 8.4.6.5. South Korea
- 8.4.6.5.1. Market size and forecast, by Component
- 8.4.6.5.2. Market size and forecast, by Deployment Mode
- 8.4.6.5.3. Market size and forecast, by Type
- 8.4.6.5.4. Market size and forecast, by End-User
- 8.4.6.6. Rest of Asia-Pacific
- 8.4.6.6.1. Market size and forecast, by Component
- 8.4.6.6.2. Market size and forecast, by Deployment Mode
- 8.4.6.6.3. Market size and forecast, by Type
- 8.4.6.6.4. Market size and forecast, by End-User
- 8.5. LAMEA
- 8.5.1. Key market trends, growth factors and opportunities
- 8.5.2. Market size and forecast, by Component
- 8.5.3. Market size and forecast, by Deployment Mode
- 8.5.4. Market size and forecast, by Type
- 8.5.5. Market size and forecast, by End-User
- 8.5.6. Market size and forecast, by country
- 8.5.6.1. Latin America
- 8.5.6.1.1. Market size and forecast, by Component
- 8.5.6.1.2. Market size and forecast, by Deployment Mode
- 8.5.6.1.3. Market size and forecast, by Type
- 8.5.6.1.4. Market size and forecast, by End-User
- 8.5.6.2. Middle East
- 8.5.6.2.1. Market size and forecast, by Component
- 8.5.6.2.2. Market size and forecast, by Deployment Mode
- 8.5.6.2.3. Market size and forecast, by Type
- 8.5.6.2.4. Market size and forecast, by End-User
- 8.5.6.3. Africa
- 8.5.6.3.1. Market size and forecast, by Component
- 8.5.6.3.2. Market size and forecast, by Deployment Mode
- 8.5.6.3.3. Market size and forecast, by Type
- 8.5.6.3.4. Market size and forecast, by End-User
CHAPTER 9: COMPETITIVE LANDSCAPE
- 9.1. Introduction
- 9.2. Top winning strategies
- 9.3. Product Mapping of Top 10 Player
- 9.4. Competitive Dashboard
- 9.5. Competitive Heatmap
- 9.6. Top player positioning, 2022
CHAPTER 10: COMPANY PROFILES
- 10.1. Altus Group
- 10.1.1. Company overview
- 10.1.2. Key Executives
- 10.1.3. Company snapshot
- 10.1.4. Operating business segments
- 10.1.5. Product portfolio
- 10.1.6. Business performance
- 10.1.7. Key strategic moves and developments
- 10.2. Ascendix Technologies
- 10.2.1. Company overview
- 10.2.2. Key Executives
- 10.2.3. Company snapshot
- 10.2.4. Operating business segments
- 10.2.5. Product portfolio
- 10.2.6. Key strategic moves and developments
- 10.3. Coadjute Limited
- 10.3.1. Company overview
- 10.3.2. Key Executives
- 10.3.3. Company snapshot
- 10.3.4. Operating business segments
- 10.3.5. Product portfolio
- 10.3.6. Key strategic moves and developments
- 10.4. Guesty Inc.
- 10.4.1. Company overview
- 10.4.2. Key Executives
- 10.4.3. Company snapshot
- 10.4.4. Operating business segments
- 10.4.5. Product portfolio
- 10.4.6. Key strategic moves and developments
- 10.5. HoloBuilder, Inc.
- 10.5.1. Company overview
- 10.5.2. Key Executives
- 10.5.3. Company snapshot
- 10.5.4. Operating business segments
- 10.5.5. Product portfolio
- 10.6. ManageCasa, Inc.
- 10.6.1. Company overview
- 10.6.2. Key Executives
- 10.6.3. Company snapshot
- 10.6.4. Operating business segments
- 10.6.5. Product portfolio
- 10.6.6. Key strategic moves and developments
- 10.7. Opendoor Technologies, Inc.
- 10.7.1. Company overview
- 10.7.2. Key Executives
- 10.7.3. Company snapshot
- 10.7.4. Operating business segments
- 10.7.5. Product portfolio
- 10.7.6. Business performance
- 10.7.7. Key strategic moves and developments
- 10.8. Qualia
- 10.8.1. Company overview
- 10.8.2. Key Executives
- 10.8.3. Company snapshot
- 10.8.4. Operating business segments
- 10.8.5. Product portfolio
- 10.8.6. Key strategic moves and developments
- 10.9. Zillow, Inc.
- 10.9.1. Company overview
- 10.9.2. Key Executives
- 10.9.3. Company snapshot
- 10.9.4. Operating business segments
- 10.9.5. Product portfolio
- 10.9.6. Business performance
- 10.9.7. Key strategic moves and developments
- 10.10. Zumper Inc.
- 10.10.1. Company overview
- 10.10.2. Key Executives
- 10.10.3. Company snapshot
- 10.10.4. Operating business segments
- 10.10.5. Product portfolio
- 10.10.6. Key strategic moves and developments