A study titled “Global Real Estate Management Software Market” was launched by Adroit Market Research in November 2018: the market is segmented by product type (ERP, CRM, PMS and Others), By Application (Small Enterprises, Medium Enterprises and Large Enterprises), By Region and Forecast 2018 to 2025”. The study covers global real estate management software market value for a period ranging in between 2013 to 2025, where 2013 to 2016 imply the historical value and 2017 is base year with forecast between 2018 and 2025. The global real estate management software market report also includes qualitative insights of the market such as driving factors, demand in construction industry, and restraints.
The global real estate management software market size is projected to be USD 12.89 billion by 2025. Growing demand for real estate and large infrastructure development is driving the global real estate software market.
Real estate management software offers a single platform for its users to help them monitor all the business related activates across different locations on a single platform making it hustle free. Real estate software creates a virtualized infrastructure for its users making it easy to manage the entire supply chain of the product and customer cycle. It has also made real estate business process centralized and in a structured pattern, owing to which the real estate management software market is growing rapidly.
Enterprise resource planning (ERP) software typically integrates all operation from back offices, on-site operations including product planning, development, sales and marketing in a single database, application and user interface. ERP real estate software offers different modules that can be customized based on the end application. Owing to which ERP is the highest contributor to revenue in the global real estate market. ERP real estate market was valued at USD 3,283.3 million in 2017 and is anticipated to grow at CAGR 4.8% during the forecast year. Followed by ERP is CRM which was valued at USD 2,688.3 million in 2017. CRM is a customer-centric software thus is expected to grow at CAGR of 5% the highest in product category during the forecast period.
U.S. real estate software market has seen a steady growth rate and is anticipated to grow at CAGR of 4% during the real estate management software market forecast period. Leasing apartment is a trend to watch due to increased number international students traveling for education purpose. Owing to which, real estate management software have surged in demand as they have successfully streamlined real estate business in the U.S. Real estate software market was thus valued at USD 3,132.5 million in 2017.
Large enterprises have invested heavily in real estate software. Large enterprises require a different module and constant upgradation of software. Large enterprise end users segment was valued at USD 4,458 million in the year 2017 and is anticipated to grow to grow at CAGR of 4.2% during the forecast period.
Players associated with the real estate management software market are focusing on developing new software. For instance, in July 2016, ValuD Consulting, LLC collaborated with IBM Tririga to launch MobilD for IBM TRIRIGA. The purpose of this application is to track real time of the field work.
Similarly, players are also focusing on acquisition as a strategy to gain competitive edge in the real estate software market. For instance, in February 2018, Oracle Corp acquired Aconex Limited a company in construction management platform. The aims of this collaboration was to enhance Oracle Corp’s cloud-based construction software offerings.
Key segments of real estate management software market
Product Overview, 2013-2025 (USD million)
Application Overview, 2013-2025 (USD million)
- Small enterprises
- Medium enterprises
- Large enterprises
Regional overview, 2013–2025 (USD million)
- North America
- Rest of the world