Global PropTech Market Size study & Forecast, by Property Deployment (Residential, Commercial And Industrial), by Solution (Software, Services), by Deployment (Cloud-based, On-premises), by End-user (Housing Associations, Property Managers/ Agents, Proper

Global PropTech Market Size study & Forecast, by Property Deployment (Residential, Commercial And Industrial), by Solution (Software, Services), by Deployment (Cloud-based, On-premises), by End-user (Housing Associations, Property Managers/ Agents, Property Investors, Others) and Regional Analysis, 2022-2029

Global PropTech Market is valued at approximately USD 25,145.1 million in 2021 and is anticipated to grow with a healthy growth rate of more than 15.30% over the forecast period 2022-2029. PropTech, short for ""property technology,"" refers to the use of technology to enhance and revolutionize various aspects of the real estate industry. This includes everything from property management and investment to construction and development. The PropTech market consists of companies that develop and offer innovative solutions to traditional real estate challenges using technology. Some common examples of PropTech solutions include online real estate marketplaces, property management software, smart home technology, and virtual property tours. The PropTech market is growing rapidly as more and more real estate companies seek to adopt digital solutions to improve efficiency. The major driving factors for the Global PropTech Market are the increasing demand for smart buildings and the rise of online real estate platforms.

The rising demand for smart buildings is driving the growth of the market. With the rise of the Internet of Things (IoT) and artificial intelligence (AI), there is a growing demand for smart buildings that can automate tasks, reduce energy consumption, and enhance security. For instance, in 2019, the International Energy Agency (IEA) released a report stating that smart buildings have the potential to reduce energy consumption by 10-30%, with the most efficient buildings using up to 70% less energy than conventional buildings. Moreover, the rising need for sustainable and eco-friendly buildings and the growing need for efficient property management is creating lucrative growth opportunities for the market over the forecast period 2022-2029.However, the high cost of PropTech stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global PropTech Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is a leader in the PropTech market, with the United States being the largest market in the region. The market is being driven by factors such as increasing urbanization, a growing millennial population, and the need for better efficiency in the real estate industry. In addition, the region is home to several PropTech startups that are driving innovation and disruption in the market. The Asia-Pacific region is one of the fastest-growing PropTech markets, with countries such as China, Japan, and Australia being key players. The market is being driven by factors such as rapid urbanization, a growing middle class, and the need for more efficient and sustainable real estate solutions. In addition, the region is home to several PropTech startups that are driving innovation and disruption in the market.

Major market player included in this report are:
Ascendix Technologies
Zumper Inc.
Opendoor
Altus Group
Guesty Inc.
HoloBuilder, Inc.
Zillow, Inc.
ManageCasa
Coadjute
Vergesense

Recent Developments in the Market:
In August 2022, to develop a short-term rental product, the US portal Zumper got USD 30 million. As a result, it became the first real estate marketplace to offer alternatives for yearly, monthly, and nightly rents.
In July 2019, a new digital payments solution for the property management industry was created by, ManageCasa, which recently released interactive and automated PropTech for property owners and property managers, and announced a collaboration with Stripe, the online payment-processing platform.
Global PropTech Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Property Deployment, Solution, Deployment, End-user, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Property Deployment offerings of key players.

The detailed segments and sub-segment of the market are explained below:
By Property Deployment:
Residential
Commercial And Industrial
By Solution:
Software
Services
By Deployment:
Cloud-based
On-premises
By End-user:
Housing Associations
Property Managers/ Agents
Property Investors
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Companies Mentioned

Ascendix Technologies
Zumper Inc.
Opendoor
Altus Group
Guesty Inc.
HoloBuilder, Inc.
Zillow, Inc.
ManageCasa
Coadjute
Vergesense

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