The Worldwide PropTech Market is Projected to reach USD 64.3 Billion by 2028, at a CAGR of 15.4%

PropTech Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global PropTech Market size is expected to reach $64.3 billion by 2028, rising at a market growth of 15.4% CAGR during the forecast period.

The Property Investors/ Residents segment is showcasing a CAGR of 16.1% during (2022 - 2028). The growing number of commercial buildings and real estate projects throughout the world is what is causing this category to grow. Property managers might drastically change and enhance their business models if they embrace PropTech. For instance, by utilising machine learning and AI capabilities provided by PropTech, agents may increase the accessibility of their property information.

The Residential segment acquired maximum revenue share in the Global PropTech Market by Property Type in 2021 thereby, achieving a market value of $36.2 billion by 2028. Technological developments in the residential real estate business are blamed for this domination. Tech businesses are paying increasing attention to the residential market as they provide services like virtual open houses and digital closings. Prospective home buyers may now more easily take the initial steps thanks to technological advancements.

The On-premise segment has shown the growth rate of 13.8% during (2022 - 2028). The rise is a result of the advantages of on-premise installations, including ownership and control over hardware and a greater degree of data protection than proptech software that is hosted in the cloud. The on-premise implementation also provides companies or organizations with customization based on their needs. During the forecast period, the category is expected to increase as a result of the advantages highlighted for on-premises implementation.

The Software segment is generating highest revenue share in the Global PropTech Market by Solution in 2021 thereby, achieving a market value of $45.9 billion by 2028. The accompanying advantages of proptech software, including the way it helps real estate managers and brokers, promote properties more quickly, effectively, and with higher-quality outcomes, are credited with the segment's rise.

The North America market dominated the Global PropTech Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $25.5 billion by 2028.The Europe market is experiencing a CAGR of 14.9% during (2022 - 2028). Additionally, The Asia Pacific market would display a CAGR of 16.3% during (2022 - 2028).

Full Report: https://www.kbvresearch.com/proptech-market/

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Altus Group Limited, Ascendix Technologies, Zumper, Inc., Opendoor technologies, Inc., Reggora, Inc., Guesty Inc., Holo Builder (FARO Technologies, Inc.), Zillow Group, Inc., ManageCasa, Inc., and Coadjute Limited.

Global PropTech Market Segmentation

By End-user

• Housing Associations
• Property Managers/ Agents
• Property Investors/ Residents
• Others

By Property Type

• Residential
• Commercial & Industrial

By Deployment Type

• Cloud
• On-premise

By Solution

• Software
  • Property Management
  • Asset Management
  • Sales & Advertisements
  • Work order Management
  • Customer Relationship Management & Others
• Service

By Geography

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Companies Profiled

• Altus Group Limited
• Ascendix Technologies
• Zumper, Inc.
• Opendoor technologies, Inc.
• Reggora, Inc.
• Guesty Inc.
• Holo Builder (FARO Technologies, Inc.)
• Zillow Group, Inc.
• ManageCasa, Inc.
• Coadjute Limited

Related Reports:

North America PropTech Market Size & Forecast to 2022-2028

• January-2023
• 89 Pages

LAMEA PropTech Market Size, Share & Forecast to 2022-2028

• January-2023
• 104 Pages

Europe PropTech Market Size, Share & Forecast to 2022-2028

• January-2023
• 103 Pages

Asia Pacific PropTech Market Size, Share & Analysis, 2028

• January-2023
• 105 Pages