PropTech Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of PropTech Market
The proptech market size was reached a value of USD 33.57 billion in 2023, and the market is now projected to rise from USD 33.65 billion in 2024 to USD 89.93 billion by 2032, exhibiting a CAGR of 11.9% during the forecast period of 2023-2030.
The COVID-19 pandemic impacted the real estate industry significantly, by reducing demand for leases, new purchases, rents, and other services led to reduction of protech market growth. At the same time, the demand for residential accommodation expanded as people sought greater room to study and work. Thus, the COVID-19 pandemic has accelerated the support and demand for such solutions, resulting in increased financing and investment for continuing development and the new normal of the future.
The demand for the use of cloud-based proptech solutions will accelerate market growth. Due to their ease of data access, cloud-based proptech data solutions are gaining popularity leading to market expansion. It helps property managers to stay up to date on data solutions and prevent lease issues like missed rent checks or late payments. In addition, it allows them to back up their data and share information with their colleagues thus provide a 360 view to property watchers while reducing costs. With such advantages many business organization’s investors are investing in the cloud-based property technology solutions.
Additionally, due to implementation of advanced technologies will augment market growth. The industry is evolving rapidly due to technological advancements in the high-tech scene and changing client demands. Such technologies enable real estate companies to conduct virtual tours of houses, manage their properties online, and even deploy drones to inspect their properties.
Comprehensive Analysis of PropTech Market
The proptech market is rising with an exponential rate due to its market segmentation. This market expansion effectively provides a detailed geographical assessment considering the dominant supply and demand forces that impact the proptech management industry. These segmentations are methodically segregated by types of solution, by deployment, by property and by end users. The types of By Solution segment include Integrated Platform/Software and Standalone Software, and By Deployment segment include Cloud and On-premise, and By Property Type segment include Residential and Commercial. However, By End-user segment include Real Estate Agents, Property Investors, Housing Associations, and Others.
In the proptech market, North America region lead the proptech devices market by benefitting a market size of USD 12.79 billion in 2023 owing to robust technological infrastructure and use of cloud-based proptech solutions.
The prominent players in the market play a crucial role in the proptech industry assuring industrial prospectus growth and setting market standards. These players include, Guesty Inc. (Israel), Zumper Inc. (U.S.), Qualia Labs, Inc. (U.S.), Ascendix Tech (U.S.), Zillow (U.S.) CoreLogic (U.S.), Reonomy (U.S.), View The Space (U.S.), MRI Software LLC (U.S.) and Altus Group (Canada) these prominent market players provide a level-playing competitive landscape.
In February 2023, MoxiWorks announced that Homestack, a mobile app maker has joined the MaxiCloud open network partner program. This feature allows MoxiWorks clients to incorporate HomeStack within their MoxiWorks products group.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 11.9% from 2024 to 2032
Unit Value (USD Billion)
Segmentation By Solution
Integrated Platform/Software
Standalone Software
By Deployment
Cloud
On-premise
By Property Type
Residential
Commercial
By End-user
Real Estate Agents
Housing Associations
Property Investors
Others (Mortgage Lenders and others)
By Region
North America (By Solution, By Deployment, By Property Type, End-user, and By Country)
- U.S. (By End-user)
- Canada (By End-user)
- Mexico (By End-user)
South America (By Solution, By Deployment, By Property Type, End-user, and By Country)
- Brazil (By End-user)
- Argentina (By End-user)
- Rest of South America
Europe (By Solution, By Deployment, By Property Type, End-user, and By Country)
- U.K. (By End-user)
- Germany (By End-user)
- France (By End-user)
- Italy (By End-user)
- Spain (By End-user)
- Russia (By End-user)
- Benelux (By End-user)
- Nordics (By End-user)
- Rest of Europe
Middle East & Africa (By Solution, By Deployment, By Property Type, End-user, and By Country)
- Turkey (By End-user)
- Israel (By End-user)
- GCC (By End-user)
- North Africa (By End-user)
- South Africa (By End-user)
- Rest of the Middle East & Africa
Asia Pacific (By Solution, By Deployment, By Property Type, End-user, and By Country)
- China (By End-user)
- Japan (By End-user)
- India (By End-user)
- South Korea (By End-user)
- ASEAN (By End-user)
- Oceania (By End-user)
- Rest of the Asia Pacific
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- 1. Introduction
- 1.1. Definition, By Segment
- 1.2. Research Methodology/Approach
- 1.3. Data Sources
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Macro and Micro Economic Indicators
- 3.2. Drivers, Restraints, Opportunities and Trends
- 4. Competition Landscape
- 4.1. Business Strategies Adopted by Key Players
- 4.2. Consolidated SWOT Analysis of Key Players
- 4.3. Global Network Analytics Key Players Market Share/Ranking, 2023
- 5. Global Network Analytics Market Size Estimates and Forecasts, By Segments, 2019-2032
- 5.1. Key Findings
- 5.2. By Component (USD)
- 5.2.1. Solution
- 5.2.2. Services
- 5.3. By Network Type (USD)
- 5.3.1. Enterprise Network
- 5.3.1.1. Cloud
- 5.3.1.2. On-Premise
- 5.3.1.3. Hybrid
- 5.3.2. Telecom Network
- 5.4. By End User (USD)
- 5.4.1. Organization, Enterprise, Businesses
- 5.4.1.1. SMEs
- 5.4.1.2. Large Enterprise
- 5.4.2. Telecom Companies
- 5.4.3. Data Centers
- 5.5. By Region (USD)
- 5.5.1. North America
- 5.5.2. South America
- 5.5.3. Europe
- 5.5.4. Middle East & Africa
- 5.5.5. Asia Pacific
- 6. North America Network Analytics Market Size Estimates and Forecasts, By Segments, 2019-2032
- 6.1. Key Findings
- 6.2. By Component (USD)
- 6.2.1. Solution
- 6.2.2. Services
- 6.3. By Network Type (USD)
- 6.3.1. Enterprise Network
- 6.3.1.1. Cloud
- 6.3.1.2. On-Premise
- 6.3.1.3. Hybrid
- 6.3.2. Telecom Network
- 6.4. By End User (USD)
- 6.4.1. Organization, Enterprise, Businesses
- 6.4.1.1. SMEs
- 6.4.1.2. Large Enterprise
- 6.4.2. Telecom Companies
- 6.4.3. Data Centers
- 6.5. By Country (USD)
- 6.5.1. United States
- 6.5.2. Canada
- 6.5.3. Mexico
- 7. South America Network Analytics Market Size Estimates and Forecasts, By Segments, 2019-2032
- 7.1. Key Findings
- 7.2. By Component (USD)
- 7.2.1. Solution
- 7.2.2. Services
- 7.3. By Network Type (USD)
- 7.3.1. Enterprise Network
- 7.3.1.1. Cloud
- 7.3.1.2. On-Premise
- 7.3.1.3. Hybrid
- 7.3.2. Telecom Network
- 7.4. By End User (USD)
- 7.4.1. Organization, Enterprise, Businesses
- 7.4.1.1. SMEs
- 7.4.1.2. Large Enterprise
- 7.4.2. Telecom Companies
- 7.4.3. Data Centers
- 7.5. By Country (USD)
- 7.5.1. Brazil
- 7.5.2. Argentina
- 7.5.3. Rest of South America
- 8. Europe Network Analytics Market Size Estimates and Forecasts, By Segments, 2019-2032
- 8.1. Key Findings
- 8.2. By Component (USD)
- 8.2.1. Solution
- 8.2.2. Services
- 8.3. By Network Type (USD)
- 8.3.1. Enterprise Network
- 8.3.1.1. Cloud
- 8.3.1.2. On-Premise
- 8.3.1.3. Hybrid
- 8.3.2. Telecom Network
- 8.4. By End User (USD)
- 8.4.1. Organization, Enterprise, Businesses
- 8.4.1.1. SMEs
- 8.4.1.2. Large Enterprise
- 8.4.2. Telecom Companies
- 8.4.3. Data Centers
- 8.5. By Country (USD)
- 8.5.1. United Kingdom
- 8.5.2. Germany
- 8.5.3. France
- 8.5.4. Italy
- 8.5.5. Spain
- 8.5.6. Russia
- 8.5.7. Benelux
- 8.5.8. Nordics
- 8.5.9. Rest of Europe
- 9. Middle East & Africa Network Analytics Market Size Estimates and Forecasts, By Segments, 2019-2032
- 9.1. Key Findings
- 9.2. By Component (USD)
- 9.2.1. Solution
- 9.2.2. Services
- 9.3. By Network Type (USD)
- 9.3.1. Enterprise Network
- 9.3.1.1. Cloud
- 9.3.1.2. On-Premise
- 9.3.1.3. Hybrid
- 9.3.2. Telecom Network
- 9.4. By End User (USD)
- 9.4.1. Organization, Enterprise, Businesses
- 9.4.1.1. SMEs
- 9.4.1.2. Large Enterprise
- 9.4.2. Telecom Companies
- 9.4.3. Data Centers
- 9.5. By Country (USD)
- 9.5.1. Turkey
- 9.5.2. Israel
- 9.5.3. GCC
- 9.5.4. North Africa
- 9.5.5. South Africa
- 9.5.6. Rest of MEA
- 10. Asia Pacific Network Analytics Market Size Estimates and Forecasts, By Segments, 2019-2032
- 10.1. Key Findings
- 10.2. By Component (USD)
- 10.2.1. Solution
- 10.2.2. Services
- 10.3. By Network Type (USD)
- 10.3.1. Enterprise Network
- 10.3.1.1. Cloud
- 10.3.1.2. On-Premise
- 10.3.1.3. Hybrid
- 10.3.2. Telecom Network
- 10.4. By End User (USD)
- 10.4.1. Organization, Enterprise, Businesses
- 10.4.1.1. SMEs
- 10.4.1.2. Large Enterprise
- 10.4.2. Telecom Companies
- 10.4.3. Data Centers
- 10.5. By Country (USD)
- 10.5.1. China
- 10.5.2. India
- 10.5.3. Japan
- 10.5.4. South Korea
- 10.5.5. ASEAN
- 10.5.6. Oceania
- 10.5.7. Rest of Asia Pacific
- 11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)
- 11.1. Nokia Corporation
- 11.1.1. Overview
- 11.1.1.1. Key Management
- 11.1.1.2. Headquarters
- 11.1.1.3. Offerings/Business Segments
- 11.1.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.1.2.1. Employee Size
- 11.1.2.2. Past and Current Revenue
- 11.1.2.3. Geographical Share
- 11.1.2.4. Business Segment Share
- 11.1.2.5. Recent Developments
- 11.2. Cisco Systems, Inc.
- 11.2.1. Overview
- 11.2.1.1. Key Management
- 11.2.1.2. Headquarters
- 11.2.1.3. Offerings/Business Segments
- 11.2.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.2.2.1. Employee Size
- 11.2.2.2. Past and Current Revenue
- 11.2.2.3. Geographical Share
- 11.2.2.4. Business Segment Share
- 11.2.2.5. Recent Developments
- 11.3. VMware, Inc.
- 11.3.1. Overview
- 11.3.1.1. Key Management
- 11.3.1.2. Headquarters
- 11.3.1.3. Offerings/Business Segments
- 11.3.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.3.2.1. Employee Size
- 11.3.2.2. Past and Current Revenue
- 11.3.2.3. Geographical Share
- 11.3.2.4. Business Segment Share
- 11.3.2.5. Recent Developments
- 11.4. Juniper Networks
- 11.4.1. Overview
- 11.4.1.1. Key Management
- 11.4.1.2. Headquarters
- 11.4.1.3. Offerings/Business Segments
- 11.4.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.4.2.1. Employee Size
- 11.4.2.2. Past and Current Revenue
- 11.4.2.3. Geographical Share
- 11.4.2.4. Business Segment Share
- 11.4.2.5. Recent Developments
- 11.5. IBM Corporation
- 11.5.1. Overview
- 11.5.1.1. Key Management
- 11.5.1.2. Headquarters
- 11.5.1.3. Offerings/Business Segments
- 11.5.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.5.2.1. Employee Size
- 11.5.2.2. Past and Current Revenue
- 11.5.2.3. Geographical Share
- 11.5.2.4. Business Segment Share
- 11.5.2.5. Recent Developments
- 11.6. Vehere, Inc.
- 11.6.1. Overview
- 11.6.1.1. Key Management
- 11.6.1.2. Headquarters
- 11.6.1.3. Offerings/Business Segments
- 11.6.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.6.2.1. Employee Size
- 11.6.2.2. Past and Current Revenue
- 11.6.2.3. Geographical Share
- 11.6.2.4. Business Segment Share
- 11.6.2.5. Recent Developments
- 11.7. Plixer, LLC.
- 11.7.1. Overview
- 11.7.1.1. Key Management
- 11.7.1.2. Headquarters
- 11.7.1.3. Offerings/Business Segments
- 11.7.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.7.2.1. Employee Size
- 11.7.2.2. Past and Current Revenue
- 11.7.2.3. Geographical Share
- 11.7.2.4. Business Segment Share
- 11.7.2.5. Recent Developments
- 11.8. Subex
- 11.8.1. Overview
- 11.8.1.1. Key Management
- 11.8.1.2. Headquarters
- 11.8.1.3. Offerings/Business Segments
- 11.8.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.8.2.1. Employee Size
- 11.8.2.2. Past and Current Revenue
- 11.8.2.3. Geographical Share
- 11.8.2.4. Business Segment Share
- 11.8.2.5. Recent Developments
- 11.9. Aruta Networks
- 11.9.1. Overview
- 11.9.1.1. Key Management
- 11.9.1.2. Headquarters
- 11.9.1.3. Offerings/Business Segments
- 11.9.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.9.2.1. Employee Size
- 11.9.2.2. Past and Current Revenue
- 11.9.2.3. Geographical Share
- 11.9.2.4. Business Segment Share
- 11.9.2.5. Recent Developments
- 11.10. Cynet
- 11.10.1. Overview
- 11.10.1.1. Key Management
- 11.10.1.2. Headquarters
- 11.10.1.3. Offerings/Business Segments
- 11.10.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.10.2.1. Employee Size
- 11.10.2.2. Past and Current Revenue
- 11.10.2.3. Geographical Share
- 11.10.2.4. Business Segment Share
- 11.10.2.5. Recent Developments
- 12. Key Takeaways
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