Global Real Estate Software for Builders and Real Estate Agents Market
Global Real Estate Software for Builders and Real Estate Agents Market was valued at USD 9290.30 million in 2021 and is slated to reach at USD 16,619.06 million by 2027 at a CAGR of 7.93 % from 2022-2027.
Real estate is a special and distinct solution created for property agents, real estate agencies, and builders. It is an end-to-end programme that agents use to generate intelligent reports that provide insight as well as manage property leads and automate daily booking activities for project management.
Market Drivers
CRM software assists realtors in moving renters, staying organised, closing sales transactions on properties, and following up with possible buyers. CRM software also contributes to increased efficiency and productivity by informing clients and customers about recent updates and speeding up routine operations. The growing use of business applications and smart technologies for project management may increase demand for Customer Relationship Management, driving the growth rate of the real estate software for builders and real estate agent’s market. The real estate programme includes certain marketing features to assist with email interaction and automation. Furthermore, real estate software such as CRM integrated with a relevant market solution may boost the marketing potential and sales of commercial organisations. Several CRM software elements contribute in the development of a more accurate consumer profile. Furthermore, the automated lead scoring feature of this CRM software assists in prioritising the sale. Real estate software assists both commercial and residential property builders in tracking connected duties such as legal document storage, transaction updates, property management, and convenient property account handling. Several countries have also seen an increase in the number of retail establishments that require knowledge of building and property leases. Real estate software solutions can assist customers and enterprises in gaining critical knowledge.
The real estate sector deals with a lot of personal data related to builders and real estate agents, which must be kept secure in order to maintain the protection of client information, especially when it is housed in the cloud. This is due to the fact that any unauthorised user can access the data, resulting in significant losses for the organisation. The digital security element of real estate software is available to builders and real estate agents. Customer relationship management (CRM) software provides record-based security, which prevents unauthorised users' access to personal information, as well as role-based security, which assigns privileges to specific types of users. The cloud-based software is also introducing external security features which is likely to generate profitable chances for the expansion of market
Market Restraints
The biggest downside of real estate software for builders and real estate agents is its high cost. This software would increase the IT budget. Adoption of real estate solutions necessitates upgraded network infrastructure and hardware. Furthermore, hefty investments and training costs may limit market expansion to some extent. Property management sectors are migrating to internet platforms, which may raise the cost of real estate software for builders and real estate brokers and stifle market growth.
Impact of COVID-19
The COVID-19 epidemic has afflicted people all around the world. Many limitations on the movement of persons and commodities, as well as complete lockdowns, were imposed by the governments of several nations to mitigate the effects of the new coronavirus, which affected all enterprises in some manner. During this pandemic, the market for real estate software for builders and real estate agents suffers. The cessation of construction operations led in a decline in demand for real estate software in the global market.
Market Segmentation
Global Real Estate Software for Builders and Real Estate Agents Market is segmented into Product Type and Application. By Product Type such as Enterprise Resource Planning (ERP), Property Management System (PMS), Customer Relationship Management (CRM) and Others. By Application such as Small Enterprises, Medium Enterprises, and Large Enterprises.
Regional Analysis
Global Real Estate Software for Builders and Real Estate Agents Market is segmented into five regions North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia-Pacific dominates the real estate software for builders and real estate agents’ industry, because logistics and property division require suitable space control. Furthermore, the most advanced feature foundation and support at competitive prices are anticipated to improve the region's future growth.
Key Players
This report includes a list of numerous Key Players, namely Yardi Systems Inc. (U.S.), Microsoft (U.S.), SAP (Germany), RealPage Inc. (U.S.), IBM Corporation (U.S.), MRI Software LLC (U.S.), Oracle (U.S.), Salesforce, Inc. (U.S.), Sage Group plc (U.K.), Cisco System Inc, (U.S.).
Market Taxonomy
By Product Type
• Enterprise Resource Planning (ERP)
• Property Management System (PMS)
• Customer Relationship Management (CRM)
• Others
By Application
• Small Enterprises
• Medium Enterprises
• Large Enterprises
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa.
Global Real Estate Software for Builders and Real Estate Agents Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Real Estate Software for Builders and Real Estate Agents Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Real Estate Software for Builders and Real Estate Agents Market, By Product Type
5.1 Y-o-Y Growth Comparison, By Product Type
5.2 Global Real Estate Software for Builders and Real Estate Agents Market Share Analysis, By Product Type
5.3 Global Real Estate Software for Builders and Real Estate Agents Market Size and Forecast, By Product Type
5.3.1 Enterprise Resource Planning (ERP)
5.3.2 Property Management System (PMS)
5.3.3 Customer Relationship Management (CRM)
5.3.4 Others
6 Global Real Estate Software for Builders and Real Estate Agents Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Real Estate Software for Builders and Real Estate Agents Market Share Analysis, By Application
6.3 Global Real Estate Software for Builders and Real Estate Agents Market Size and Forecast, By Application
6.3.1 Small Enterprises
6.3.2 Medium Enterprises
6.3.3 Large Enterprises
7 Global Real Estate Software for Builders and Real Estate Agents Market, By Region
7.1 Global Real Estate Software for Builders and Real Estate Agents Market Share Analysis, By Region
7.2 Global Real Estate Software for Builders and Real Estate Agents Market Share Analysis, By Region
7.3 Global Real Estate Software for Builders and Real Estate Agents Market Size and Forecast, By Region
8 North America Real Estate Software for Builders and Real Estate Agents Market Analysis and Forecast (2022-2027)
8.1 Introduction
8.2 North America Real Estate Software for Builders and Real Estate Agents Market Share Analysis, By Product Type
8.3 North America Real Estate Software for Builders and Real Estate Agents Market Size and Forecast, By Application
8.4 North America Real Estate Software for Builders and Real Estate Agents Market Size and Forecast, By Country
8.4.1 U.S.
8.4.2 Canada
8.4.3 Mexico
9 Europe Real Estate Software for Builders and Real Estate Agents Market Analysis and Forecast (2022-2027)
9.1 Introduction
9.2 Europe Real Estate Software for Builders and Real Estate Agents Market Share Analysis, By Product Type
9.3 Europe Real Estate Software for Builders and Real Estate Agents Market Size and Forecast, By Application
9.4 Europe Real Estate Software for Builders and Real Estate Agents Market Size and Forecast, By Country
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4 Rest of Europe
10 Asia Pacific Real Estate Software for Builders and Real Estate Agents Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 Asia Pacific Real Estate Software for Builders and Real Estate Agents Market Share Analysis, By Product Type
10.3 Asia Pacific Real Estate Software for Builders and Real Estate Agents Market Size and Forecast, By Application
10.4 Asia Pacific Real Estate Software for Builders and Real Estate Agents Market Size and Forecast, By Country
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4 Rest of Asia Pacific
11 Latin America Real Estate Software for Builders and Real Estate Agents Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Latin America Real Estate Software for Builders and Real Estate Agents Market Share Analysis, By Product Type
11.3 Latin America Real Estate Software for Builders and Real Estate Agents Market Size and Forecast, By Application
11.4 Latin America Real Estate Software for Builders and Real Estate Agents Market Size and Forecast, Country
11.4.1 Brazil
11.4.2 Rest of Latin America
12 Middle East Real Estate Software for Builders and Real Estate Agents Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Middle East Real Estate Software for Builders and Real Estate Agents Market Share Analysis, By Product Type
12.3 Middle East Real Estate Software for Builders and Real Estate Agents Market Size and Forecast, By Application
12.4 Middle East Real Estate Software for Builders and Real Estate Agents Market Size and Forecast, By Country
12.4.1 Saudi Arabia
12.4.2 UAE
12.4.3 Egypt
12.4.4 Kuwait
12.4.5 South Africa
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14 Company Profiles
14.1 Yardi Systems Inc.
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2. Microsoft
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3. SAP
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 RealPage Inc.
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 IBM Corporation
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 MRI Software LLC
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 Oracle
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 Salesforce, Inc.
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 Sage Group plc
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10 Cisco System Inc
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies
