Who are the key players in Global Real Estate IT Market?

IBM Corporation, SAP SE, Oracle Corporation, Salesforce.com Inc. and Sage Group plc are the major companies operating in the Global Real Estate IT Market. Read More

Which is the fastest growing region in Global Real Estate IT Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Global Real Estate IT Market?

In 2024, the North America accounts for the largest market share in Global Real Estate IT Market. Read More

What years does this Global Real Estate IT Market cover, and what was the market size in 2023?

In 2023, the Global Real Estate IT Market size was estimated at USD 9.55 billion. The report covers the Global Real Estate IT Market historical market size for years: 2022 and 2023. The report also forecasts the Global Real Estate IT Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Global IT Market in Real Estate Market Size

Market Size of Global IT Industry in Real Estate

Study Period	2022 - 2029
Market Size (2024)	USD 10.54 Billion
Market Size (2029)	USD 17.22 Billion
CAGR (2024 - 2029)	10.32 %
Fastest Growing Market	Asia Pacific
Largest Market	North America
Major Players *Disclaimer: Major Players sorted in no particular order

IT in Real Estate Market Analysis

The Global IT Market in Real Estate Industry is expected to grow from USD 10.54 billion in 2024 to USD 17.22 billion by 2029, at a CAGR of 10.32% during the forecast period (2024-2029).

It is becoming a driving force necessitating how real estate companies market products to their clients. The shift from physical to digital-based records and documents has been the initial stepping stone for adopting technology in real estate. With the COVID-19 pandemic, real estate developers suddenly face the need to adopt technology to get property sales going rapidly. CRM SaaS is the key for real estate companies that want to leverage enhanced software technology to drive their business.

In the real estate industry, It is important to boost visibility and efficiencies across the organization. ERP systems can make it possible and reduce costs without rewriting industry benchmarks or compromising on quality. Oracle ERP Cloud has helped a US real estate company to increase productivity and streamline activities.
The introduction of IT Software, CRM, ERP, and Business Intelligence are emerging trends in the real estate market. The market is being driven by urbanization and a surge in adopting new software tools for accurate data software, reduced risk of errors, and other amenities. Dominant players, like Autodesk, IBM, Microsoft, etc., provide solutions for different needs and requirements of the real estate industry. Therefore, the funding gained by these companies is expected to accelerate the use of property technology bounds and strengthen the rise of real estate software globally.
Huge construction sites and housing programs by developing countries like China and India in Asia and countries like Serbia and Russia in Europe serve as a driving force for the cloud and on-premise real estate IT software and other property management platforms. These platforms provide efficiency, transparency, accessibility, and reliability to the entire project and real estate management.
The use of technology in the real estate industry has resulted in more efficient information management and the smooth execution of numerous business activities. Organizations that want to embrace industry best practices and provide administrative support to their customers are using customer relationship management (CRM) and business intelligence models.
However, automated communications and technological advancements can streamline the user's messaging, but they still can't replace human interaction and authentic communication, which can create a barrier to the growth of the IT market in real estate.

IT in Real Estate Industry Segmentation

IT solutions in the real estate industry provide real estate agents and firms with accurate data software and business intelligence tools with which customers can use technologies. The IT market in real estate is segmented by deployment (on-premise, cloud), by solution (documentation, accounting, compliance, business intelligence, enterprise resource planning, customer relationship management, and asset management), by end-user (residential and commercial), and by geography.

The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

By Deployment
		On-premise
		Cloud

By Solution
		Documentation
		Accounting
		Compliance
		Business Intelligence
		Enterprise Resource Planning
		Customer Relationship Management
		Asset Management
		Other Solutions

By End User
		Residential
		Commercial

By Geography
		North America
		Europe
		Asia-Pacific
		Latin America
		Middle East and Africa

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Global IT Market in Real Estate Size Summary

The real estate technology market is experiencing significant growth, driven by the increasing need for digital transformation within the industry. The shift from traditional physical documentation to digital records has been a crucial factor in this evolution, accelerated by the COVID-19 pandemic, which highlighted the necessity for real estate companies to adopt technology to maintain property sales. Key technologies such as CRM SaaS, ERP systems, and business intelligence tools are becoming integral to enhancing visibility, efficiency, and cost-effectiveness in real estate operations. Major players like Autodesk, IBM, and Microsoft are providing tailored solutions to meet the diverse needs of the industry, further propelling the adoption of property technology globally. The demand for cloud-based solutions, such as SAP Cloud for Real Estate, is rising, offering holistic management of real estate operations without the need for additional infrastructure or employment costs.

The market is characterized by a fragmented landscape with numerous players offering a variety of products and services. Emerging trends include the integration of IoT and Big Data to manage complex real estate portfolios, which necessitates connected IT solutions. Despite the advancements, challenges remain, such as the reliance on human interaction for effective communication, which can hinder the growth of IT in real estate. The North American market is witnessing rapid disruptions due to changing tenant dynamics and the need for faster data access. In the United States, investor sentiment remains positive, although economic uncertainties and rising interest rates pose challenges. The Indian market is also seeing increased demand, with significant investments in the sector. Overall, the real estate technology market is poised for continued expansion, supported by ongoing technological innovations and strategic partnerships among key industry players.

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Global IT Market in Real Estate Market Size - Table of Contents

1. MARKET INSIGHTS
1. 1.1 Market Overview
2. 1.2 Industry Attractiveness - Porter's Five Forces Analysis
  1. 1.2.1 Bargaining Power of Suppliers
  2. 1.2.2 Bargaining Power of Buyers
  3. 1.2.3 Threat of New Entrants
  4. 1.2.4 Intensity of Competitive Rivalry
  5. 1.2.5 Threat of Substitutes
3. 1.3 Industry Value Chain Analysis
4. 1.4 Assessment of COVID-19 Impact on the Market
2. MARKET SEGMENTATION
1. 2.1 By Deployment
  1. 2.1.1 On-premise
  2. 2.1.2 Cloud
2. 2.2 By Solution
  1. 2.2.1 Documentation
  2. 2.2.2 Accounting
  3. 2.2.3 Compliance
  4. 2.2.4 Business Intelligence
  5. 2.2.5 Enterprise Resource Planning
  6. 2.2.6 Customer Relationship Management
  7. 2.2.7 Asset Management
  8. 2.2.8 Other Solutions
3. 2.3 By End User
  1. 2.3.1 Residential
  2. 2.3.2 Commercial
4. 2.4 By Geography
  1. 2.4.1 North America
  2. 2.4.2 Europe
  3. 2.4.3 Asia-Pacific
  4. 2.4.4 Latin America
  5. 2.4.5 Middle East and Africa