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Global real estate management software industry size was valued at USD 8.98 Billion in 2017. The global real estate management software market is expected to reach USD 12.89 Billion by 2025. Changing the consumer preferences coupled with an increased need for better and faster customer handling & support are the key reason for the adoption of real estate management software
Since 2008, it has been observed that investors are strengthening their capital allocation into the real estate sector due to low-interest rates that generate increased liquidity and returns in the real estate market are more attractive. Also, after the recession, government bodies have formed new rules and regulatory frameworks across the globe.
Investors in real estate are now smarter than they were a decade ago, resulting in increased expectations and requirement for sophisticated solutions such as real estate management software. Also, growing urbanization and migration of working class people into new cities have opened new gates for the real estate sector. All these factors have piled-up to put pressure on the real estate players to provide accurate data, transparent and comprehensive reporting solutions.
The stakeholders in real estate operate independently with insufficient communication between them because it requires knowledge, skills and local expertise. Thus, the stakeholders work in a non-integrated way which puts the burden on the workflow processes. Also, many of the real estate procedures are paper-based including purchase documents, lease agreements, property sale, loan contracts, and financial data. These lead to challenges such as data storage, collection, sharing, and processing. Most of the stakeholders use multiple systems for storing and processing data which, in turn, has increased the risks of errors and inefficiency. All these challenges turn out to be opportunities for new service providers. For instance, digitalization, data analytics, risk & management, and investor reporting are few of the challenges that the global real estate industry is facing. Thus, software vendors have anticipated the need of their real estate clients and introduced new solutions such as Asset Lifecycle Information Management (ALIM), which has advanced capabilities to increase interoperability and enhance the efficiency throughout the real estate lifecycle.
Key Segments of the Global Real Estate Management Software Market
Product Overview, 2015-2025 (USD Billion)
Application Overview, 2015-2025 (USD Billion)
Regional Overview, 2015-2025 (USD Billion)
Reasons for the study
What does the report include?
Who should buy this report?
This study is suitable for industry participants and stakeholders in the real estate management software market. The report will benefit:
The growth of real estate sector in developing countries such as India, China, Japan, and others, is complemented by the growing corporate environment and the demand for office spaces along with semi-urban and urban accommodations. In developed economies, of Western Europe and North America, real estate investors are shifting their plans towards second-tier cities away from costly markets. Thus, major players in the industry will have to adopt new technologies to stand still in the competition as real estate sector is in a transitional phase because companies not ready to accept new technologies may embrace the risk of being permanently left behind. There is a huge flow of capital into this sector and it will flow to companies that could use technology to differentiate themselves from the competitors. Most of the companies provide online web-based software solutions for lease administration and accounting, investment management, project management, property management, asset lifecycle information management, resident services, and others.
Global real estate software market has grown at a steady rate over the past decade owing to the growth of real estate sector all across the globe. Currently, the real estate sector is an attractive option for investment around the world.
Increasing population worldwide and the growing commercial sector (offices, hotel, and retail) are paired together to drive the real estate market. Also, the demand for more streamlined and efficient services from the real estate developer and service providers are creating new opportunities to develop better and simplified technological solution such as real estate management software.
Presently, changing the consumer preferences coupled with an increased need for better and faster customer handling & support are the key reason for the adoption of real estate management software. Real estate software assists in providing easy functioning and also helps in minimizing human effort & error, all these features maximize the business output, which is why software such as ERP, CRM and others are the most preferred choice among real estate sector. Thus, the global real estate software market was valued at USD 8.98 Billion in the year 2017 and is anticipated to grow at CAGR of 4.7 % in the forecast period.
Tokyo, capital of Japan is one of the most densely populated cities of the world, thus real estate management is critical owing to which major players will adapt to real estate software management systems. Growing retail and logistics sector is demanding efficient space management and best quality infrastructure & service at competitive prices, thus major players in real estate are moving to real estate software management to enhance their business process. Major players may look to include lease management and financial management software as a rise in rental apartments and foreign investment is growing in Japan. Real estate software market was valued at USD 416.3 Million in the year 2017 and is expected to grow at CAGR of 5.7% in the forecast period.
Real estate is a major sector in the Chinese economy. Therefore, real estate software may play a critical role to support the real estate business in China. Financial management and CRM software may benefit the real estate users as efficient pricing and lead management may be of utmost importance for the companies thus adding value to their business. Real estate software market in China was valued at USD 514 Million in the year 2017 and is expected to grow at CAGR of 5.9% during the forecast period.
Large investment in new properties and leasing of commercial and residential are driving the real estate market in India at a steady pace. Owing to the growth, major players may look to the extended use of real estate software to manage the current real estate business.
Real estate sector in India has undergone a lot of reforms in rule and regulation. To overcome these challenges, real estate software will assist business with its features such as real-time tracking of project developments, which may improve the transparency, accountability, and quality with timely delivery of projects. Owing to which major players in real estate may adapt to real estate software and hence, driving the growth of the software market in India.
Particularly in India, paperwork is a part of real estate deals, which is making the deal documentation more complex process for buyers and sellers, considering the same, with an increase in demand for better data management the country is expected to adopt the real estate software at a rapid pace. Real estate software assists the businesses to track real-time data and store it in the software making it easy and secure, owing to which real estate software may surge in demand during the forecast period. Real estate software market in India was valued at USD 257.0 Million in the year 2017 and is anticipated to grow at CAGR 6.4 % during the forecast period.
Global real estate management software industry size was valued at USD 8.98 Billion in 2017. The global real estate management software market is expected to reach USD 12.89 Billion by 2025. Changing the consumer preferences coupled with an increased need for better and faster customer handling & support are the key reason for the adoption of real estate management software
Since 2008, it has been observed that investors are strengthening their capital allocation into the real estate sector due to low-interest rates that generate increased liquidity and returns in the real estate market are more attractive. Also, after the recession, government bodies have formed new rules and regulatory frameworks across the globe.
Investors in real estate are now smarter than they were a decade ago, resulting in increased expectations and requirement for sophisticated solutions such as real estate management software. Also, growing urbanization and migration of working class people into new cities have opened new gates for the real estate sector. All these factors have piled-up to put pressure on the real estate players to provide accurate data, transparent and comprehensive reporting solutions.
The stakeholders in real estate operate independently with insufficient communication between them because it requires knowledge, skills and local expertise. Thus, the stakeholders work in a non-integrated way which puts the burden on the workflow processes. Also, many of the real estate procedures are paper-based including purchase documents, lease agreements, property sale, loan contracts, and financial data. These lead to challenges such as data storage, collection, sharing, and processing. Most of the stakeholders use multiple systems for storing and processing data which, in turn, has increased the risks of errors and inefficiency. All these challenges turn out to be opportunities for new service providers. For instance, digitalization, data analytics, risk & management, and investor reporting are few of the challenges that the global real estate industry is facing. Thus, software vendors have anticipated the need of their real estate clients and introduced new solutions such as Asset Lifecycle Information Management (ALIM), which has advanced capabilities to increase interoperability and enhance the efficiency throughout the real estate lifecycle.
Key Segments of the Global Real Estate Management Software Market
Product Overview, 2015-2025 (USD Billion)
Application Overview, 2015-2025 (USD Billion)
Regional Overview, 2015-2025 (USD Billion)
Reasons for the study
What does the report include?
Who should buy this report?
This study is suitable for industry participants and stakeholders in the real estate management software market. The report will benefit:
Chapter 1 Industry Overview
1.1 Real Estate Software Market Overview
1.1.1 Real Estate Software Product Scope
1.1.2 Market Status and Outlook
1.1.3 Global Real Estate Software Market Size and Analysis by Regions (2013-2018)
1.1.4 North America Real Estate Software Market Status and Outlook
1.1.4.1 North America Real Estate Software Market Size and Analysis by Product
1.1.4.2 North America Real Estate Software Market Size and Analysis by Application
1.1.4.3 North America Real Estate Software Market Size and Analysis by Country
1.1.5 EU Real Estate Software Market Status and Outlook
1.1.5.1 EU Real Estate Software Market Size and Analysis by Product
1.1.5.2 EU Real Estate Software Market Size and Analysis by Application
1.1.5.3 EU Real Estate Software Market Size and Analysis by Country
1.1.6 Asia Pacific Real Estate Software Market Status and Outlook
1.1.6.1 APAC Real Estate Software Market Size and Analysis by Product
1.1.6.2 APAC Real Estate Software Market Size and Analysis by Application
1.1.6.3 APAC Real Estate Software Market Size and Analysis by Country
1.1.7 Rest of the world Real Estate Software Market Status and Outlook
1.1.7.1 Rest of the world Real Estate Software Market Size and Analysis by Product
1.1.7.2 Rest of the world Real Estate Software Market Size and Analysis by Application
1.2 Classification of Real Estate Software by Product
1.2.1 Global Real Estate Software Revenue (USD Million) and Growth (%) Comparison by Product (2013-2025)
1.2.2 Global Real Estate Software Revenue (USD Million) Market Share (%) by Product in 2017
1.2.3 ERP
1.2.4 PMS
1.2.5 CRM
1.2.6 Others
1.3 Global Real Estate Software Market by End Users/Application
1.3.1 Small Enterprise
1.3.2 Medium Enterprise
1.3.3 Large Enterprise
Chapter 2 Global Real Estate Software Competition Analysis by Players
2.1 Global Real Estate Software Market Size Share by Players (2017)
2.2 Competitive Status
Chapter 3 Company (Top Players) Profiles and Key Data
3.1 Accruent
3.1.1 Company overview
3.1.2 Product Category, Application and Specification
3.1.3 Recent initiatives
3.2 Argus Financial Software
3.2.1 Company overview
3.2.2 Product Category, Application and Specification
3.2.3 Financial performance
3.2.4 Recent initiatives
3.3 MRI Software
3.3.1 Company overview
3.3.2 Product Category, Application and Specification
3.3.3 Recent initiatives
3.4 RealPage
3.4.1 Company overview
3.4.2 Product Category, Application and Specification
3.4.3 Financial performance
3.4.4 Recent initiatives
3.5 Yardi Systems
3.5.1 Company overview
3.5.2 Product Category, Application and Specification
3.5.3 Recent initiatives
3.6 AMSI Property Management
3.6.1 Company overview
3.6.2 Product Category, Application and Specification
3.6.3 Recent initiatives
3.7 CoStar Realty Information Inc.
3.7.1 Company overview
3.7.2 Product Category, Application and Specification
3.7.3 Financial performance
3.7.4 Recent initiatives
3.8 Propertybase GmbH
3.8.1 Company overview
3.8.2 Product Category, Application and Specification
3.8.3 Recent initiatives
3.9 Microsoft Corporation
3.9.1 Company overview
3.9.2 Product Category, Application and Specification
3.9.3 Financial performance
3.9.4 Recent initiatives
3.10 Trimble Inc.
3.10.1 Company overview
3.10.2 Product Category, Application and Specification
3.10.3 Financial performance
3.10.4 Recent initiatives
3.11 CDK Global LLC
3.11.1 Company overview
3.11.2 Product Category, Application and Specification
3.11.3 Financial performance
3.11.4 Recent initiatives
3.12 Bentley Systems Inc.
3.12.1 Company overview
3.12.2 Product Category, Application and Specification
3.12.3 Recent initiatives
3.13 Oracle Corp
3.13.1 Company overview
3.13.2 Product offered and features
3.13.3 Financial performance
3.13.4 Key initiatives
3.14 SAP America, Inc.
3.14.1 Company overview
3.14.2 Product offered and features
3.14.3 Financial performance
3.15 IFCA MSC Berhad
3.15.1 Company overview
3.15.2 Product offered and features
3.15.3 Financial performance
3.15.4 Key initiatives
3.16 Kingdee International Software Group Company Limited
3.16.1 Company overview
3.16.2 Product offered and features
3.16.3 Financial performance
3.17 Yonyou Network Co., Ltd.
3.17.1 Company overview
3.17.2 Product offered and features
3.17.2.1 Financial performance
3.18 LanTrax Inc.
3.18.1 Company overview
3.18.2 Product offered and features
3.19 4qt.com
3.19.1 Company overview
3.19.2 Product offered and features
3.20 IBM Tririga
3.20.1 Company overview
3.20.2 Product offered and features
3.20.3 Financial Performance
3.20.4 Key initiatives
3.21 Sage Software Holdings, Inc.
3.21.1 Company overview
3.21.2 Product offered and features
3.22 Constellation Software Inc.
3.22.1 Company overview
3.22.2 Product offered and features
3.22.3 Financial Performance
3.22.4 Key initiatives
Chapter 4 Global Real Estate Software Market Size by Product and Application (2013-2018)
4.1 Global Real Estate Software Market Size by Product (2013-2018)
4.1.1 Global Real Estate Software Market Size by Application (2013-2018)
4.2 Potential Application of Real Estate Software in Future
4.3 Top Consumer / End Users of Real Estate Software
Chapter 5 North America Real Estate Software Development Status and Outlook
5.1 North America Real Estate Software Market Size (2013-2018)
5.1.1 North America Real Estate Software Market Size by Application (2013-2018)
5.1.2 North America Real Estate Software Market Size by Product (2013-2018)
5.1.3 North America Real Estate Software Market Size by Country (2013-2018)
Chapter 6 EU Real Estate Software Development Status and Outlook
6.1 EU Real Estate Software Market Size (2013-2018)
6.1.1 EU Real Estate Software Market Size by Application (2013-2018)
6.1.2 EU Real Estate Software Market Size by Product (2013-2018)
6.1.3 EU Real Estate Software Market Size by Country (2013-2018)
Chapter 7 APAC Real Estate Software Development Status and Outlook
7.1.1 APAC Real Estate Software Market Size (2013-2018)
7.1.2 APAC Real Estate Software Market Size by Application (2013-2018)
7.1.3 APAC Real Estate Software Market Size by Product (2013-2018)
7.1.4 APAC Real Estate Software Market Size by Country (2013-2018)
Chapter 8 Market Forecast by Regions, Product and Application (2018-2025)
8.1.1 Global Real Estate Software Market Size (USD Million) by Regions (2018-2025)
8.1.1 United States Real Estate Software Revenue and Growth Rate (2018-2025)
8.1.2 EU Real Estate Software Revenue and Growth Rate (2018-2025)
8.1.3 China Real Estate Software Revenue and Growth Rate (2018-2025)
8.1.4 Japan Real Estate Software Revenue and Growth Rate (2018-2025)
8.1.5 Southeast Asia Real Estate Software Revenue and Growth Rate (2018-2025)
8.1.6 India Real Estate Software Revenue and Growth Rate (2018-2025)
8.1.7 Global Real Estate Software Market Size by Application (2018-2025)
8.1.8 Global Real Estate Software Market Size by Product (2018-2025)
Chapter 9 Real Estate Software Market Dynamics
9.1 Real Estate Software Market Opportunities
9.2 Real Estate Software Challenge and Risk
9.2.1 Competition from Opponents
9.3 Real Estate Software Market Constraints and Threat
9.3.1 Government Policy
9.3.2 Technology Risks
9.4 Real Estate Software Market Driving Force
9.4.1 Growing Demand from Emerging Markets
9.4.2 Potential Application
Chapter 10 Market Effect Factors Analysis
10.1.1 Technology Progress in Related Industry
10.1.2 Consumer Needs Trend/Customer Preference
10.1.3 Economic Fluctuations
10.1.4 Other Risk Factors
Chapter 11 Research Finding/Conclusion
Chapter 12 Appendix
12.1 Methodology
12.1.1 Methodology/Research Approach
12.1.2 Research Programs/Design
12.1.3 Market Size Estimation
12.1.4 Data Source
12.1.5 Scope & Assumptions