Asia-Pacific is currently the fastest growing market in the world
DUBLIN, December 23, 2022 /PRNewswire/ — the “Global PropTech Market: Industry Trends and Competitive Intelligence” report has been added to from ResearchAndMarkets.com offer.
This report has segmented the PropTech market by property type, by industry, and by geography. It provides an overview of the global PropTech market and analyzes market trends.
Using 2021 as the base year, the report provides estimated market data for the period from 2022 to 2027, while providing revenue forecasts for this period for each market segment. Market values have been estimated based on the total revenue of PropTech solution providers.
The report covers the PropTech market regarding adoption in different regions. It also highlights key trends and challenges affecting the market and vendor landscape.
The report estimates the global PropTech market in 2021 and provides projections of the expected market size through 2027. The scope of the study includes PropTech development platform and related services, as well as services related to the platform.
The report includes
A brief overview and up-to-date analysis of the global PropTech market
Global market trend analyses, with market revenue data for 2021, estimates for 2022 and 2023, and compound annual growth rate (CAGR) projections through 2027
Highlights of the current and future potential of the global PropTech market with emphasis on new products and technologies, and areas of interest to forecast this market in various segments and sub-segments
Estimation of the real market size and revenue forecast for the global PropTech market, and analysis of the corresponding market share based on the solution of offer, type of property, end-use industry and the region
Technological assessment of key drivers, restraints, and opportunities that will shape the PropTech market during the forecast period (2022 to 2027)
Identification of companies best positioned to meet PropTech market demand due to increased investment prospectus by PropTech companies, product launches, mergers and acquisitions, and other strategic market advantages
Review of recent industry trends, R&D activities and competitive landscape analysis based on recent developments and segment revenue
PropTech refers to the integration and application of technologies for the development of products and services in the real estate industry. PropTech’s goal is to automate and improve the use and delivery of real estate services. Virtual Reality (VR) and Artificial Intelligence (AI) represent the tip of the iceberg for the PropTech industry. Like other industries, the real estate industry is not immune to technological change. The global real estate sector has undergone a significant paradigm shift, but its full potential is on display in the PropTech market.
Rising expenditure, venture capital funding in technology, and rising demand for advanced technologies in the real estate sector are key factors driving the growth of the PropTech market. However, high preliminary research, development expenses and execution costs are hampering the growth of the market. Trends such as the use of virtual reality to increase customer satisfaction, the growing use of AI and blockchain solutions, and a promising climate for startups will create huge opportunities in the market.
In this report, the global PropTech market has been segmented on the basis of property type, industry, and geographical region. Property types include residences and businesses. The PropTech market by industry has been segmented into construction, manufacturing, retail, hospitality, and others.
By geography, the PropTech market has been segmented into North America, Europe, Asia Pacific and Rest of the world (right-of-way). The North American region accounted for the highest share of the global PropTech market in 2021. Presence of numerous global companies, robust technological infrastructure and high adoption of advanced technologies (e.g. AI, virtual reality, IoT, cloud ) are key factors in the North American market. Asia Pacific is currently the fastest growing market for PropTech in the world.
Main topics covered:
Chapter 1 Market Outlook
Chapter 2 Executive Summary
Chapter 3 Market Overview
3.1 Impact of COVID-19
3.2 Market Dynamics
3.2.1 Market Drivers
3.2.2 Market constraints
3.3 Technology trends
Chapter 4 Emerging Technologies and Opportunities
Chapter 5 Market Breakdown by Property Type and Industry
5.1 PropTech Market by Property Type
5.1.1 Market Size and Forecast
5.2 Prop Technology Market by Industry
5.2.1 Market Size and Forecast
Chapter 6 Market Breakdown by Region
6.1 Global Information Technology Market Size by Regions
6.2 North America
6.4 Asia Pacific
6.5 Rest of the world
Chapter 7 Recent Industry Trends and Developments
7.1 Industry trends
7.2 Recent Key Developments
Chapter 8 Company Profiles
Universal Proptech Inc.
Chapter 9 Project Scope and Methodology
For more information on this report, visit https://www.researchandmarkets.com/r/a22swh
Research and Markets
For EST office hours, call +1-917-300-0470
For USA/CAN call toll free +1-800-526-8630
For GMT office hours call +353-1-416-8900
US Fax: 646-607-1904
Fax (outside the US): +353-1-481-1716
SOURCE Research and Markets