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Global PropTech Market to reach USD 78539.44 million by the end of 2029.

Global PropTech Market Size study & Forecast, by Property Deployment (Residential, Commercial And Industrial), by Solution (Software, Services), by Deployment (Cloud-based, On-premises), by End-user (Housing Associations, Property Managers/ Agents, Property Investors, Others) and Regional Analysis, 2022-2029

Product Code: ICTICTS-32423854
Publish Date: 9-05-2023
Page: 200

Global PropTech Market is valued at approximately USD 25,145.1 million in 2021 and is anticipated to grow with a healthy growth rate of more than 15.30% over the forecast period 2022-2029. PropTech, short for “property technology,” refers to the use of technology to enhance and revolutionize various aspects of the real estate industry. This includes everything from property management and investment to construction and development. The PropTech market consists of companies that develop and offer innovative solutions to traditional real estate challenges using technology. Some common examples of PropTech solutions include online real estate marketplaces, property management software, smart home technology, and virtual property tours. The PropTech market is growing rapidly as more and more real estate companies seek to adopt digital solutions to improve efficiency. The major driving factors for the Global PropTech Market are the increasing demand for smart buildings and the rise of online real estate platforms.

The rising demand for smart buildings is driving the growth of the market. With the rise of the Internet of Things (IoT) and artificial intelligence (AI), there is a growing demand for smart buildings that can automate tasks, reduce energy consumption, and enhance security. For instance, in 2019, the International Energy Agency (IEA) released a report stating that smart buildings have the potential to reduce energy consumption by 10-30%, with the most efficient buildings using up to 70% less energy than conventional buildings. Moreover, the rising need for sustainable and eco-friendly buildings and the growing need for efficient property management is creating lucrative growth opportunities for the market over the forecast period 2022-2029.However, the high cost of PropTech stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global PropTech Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is a leader in the PropTech market, with the United States being the largest market in the region. The market is being driven by factors such as increasing urbanization, a growing millennial population, and the need for better efficiency in the real estate industry. In addition, the region is home to several PropTech startups that are driving innovation and disruption in the market. The Asia-Pacific region is one of the fastest-growing PropTech markets, with countries such as China, Japan, and Australia being key players. The market is being driven by factors such as rapid urbanization, a growing middle class, and the need for more efficient and sustainable real estate solutions. In addition, the region is home to several PropTech startups that are driving innovation and disruption in the market.

Major market player included in this report are:
Ascendix Technologies
Zumper Inc.
Altus Group
Guesty Inc.
HoloBuilder, Inc.
Zillow, Inc.

Recent Developments in the Market:
Ø In August 2022, to develop a short-term rental product, the US portal Zumper got USD 30 million. As a result, it became the first real estate marketplace to offer alternatives for yearly, monthly, and nightly rents.
Ø In July 2019, a new digital payments solution for the property management industry was created by, ManageCasa, which recently released interactive and automated PropTech for property owners and property managers, and announced a collaboration with Stripe, the online payment-processing platform.
Global PropTech Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Property Deployment, Solution, Deployment, End-user, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Property Deployment offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Property Deployment:
Commercial And Industrial
By Solution:
By Deployment:
By End-user:
Housing Associations
Property Managers/ Agents
Property Investors

By Region:
North America
Asia Pacific
South Korea
Latin America
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Million)
1.2.1. PropTech Market, by Region, 2019-2029 (USD Million)
1.2.2. PropTech Market, by Property Type, 2019-2029 (USD Million)
1.2.3. PropTech Market, by Solution, 2019-2029 (USD Million)
1.2.4. PropTech Market, by Deployment, 2019-2029 (USD Million)
1.2.5. PropTech Market, by End-user, 2019-2029 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global PropTech Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global PropTech Market Dynamics
3.1. PropTech Market Impact Analysis (2019-2029)
3.1.1. Market Drivers Increasing demand for smart buildings The rise of online real estate platforms
3.1.2. Market Challenges High Cost of PropTech
3.1.3. Market Opportunities Rising need for sustainable and eco-friendly buildings Growing need for efficient property management
Chapter 4. Global PropTech Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Investment Adoption Model
4.5. Analyst Recommendation & Conclusion
4.6. Top investment opportunity
4.7. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global PropTech Market, by Property Type
6.1. Market Snapshot
6.2. Global PropTech Market by Property Type, Performance – Potential Analysis
6.3. Global PropTech Market Estimates & Forecasts by Property Type 2019-2029 (USD Million)
6.4. PropTech Market, Sub Segment Analysis
6.4.1. Residential
6.4.2. Commercial And Industrial
Chapter 7. Global PropTech Market, by Solution
7.1. Market Snapshot
7.2. Global PropTech Market by Solution, Performance – Potential Analysis
7.3. Global PropTech Market Estimates & Forecasts by Solution 2019-2029 (USD Million)
7.4. PropTech Market, Sub Segment Analysis
7.4.1. Software
7.4.2. Services
Chapter 8. Global PropTech Market, by Deployment
8.1. Market Snapshot
8.2. Global PropTech Market by Deployment, Performance – Potential Analysis
8.3. Global PropTech Market Estimates & Forecasts by Deployment 2019-2029 (USD Million)
8.4. PropTech Market, Sub Segment Analysis
8.4.1. Cloud-based
8.4.2. On-premises
Chapter 9. Global PropTech Market, by End-user
9.1. Market Snapshot
9.2. Global PropTech Market by End-user, Performance – Potential Analysis
9.3. Global PropTech Market Estimates & Forecasts by End-user 2019-2029 (USD Million)
9.4. PropTech Market, Sub Segment Analysis
9.4.1. Housing Associations
9.4.2. Property Managers/ Agents
9.4.3. Property Investors
9.4.4. Others
Chapter 10. Global PropTech Market, Regional Analysis
10.1. PropTech Market, Regional Market Snapshot
10.2. North America PropTech Market
10.2.1. U.S. PropTech Market Property Type breakdown estimates & forecasts, 2019-2029 Solution breakdown estimates & forecasts, 2019-2029 Deployment breakdown estimates & forecasts, 2019-2029 End-user breakdown estimates & forecasts, 2019-2029
10.2.2. Canada PropTech Market
10.3. Europe PropTech Market Snapshot
10.3.1. U.K. PropTech Market
10.3.2. Germany PropTech Market
10.3.3. France PropTech Market
10.3.4. Spain PropTech Market
10.3.5. Italy PropTech Market
10.3.6. Rest of Europe PropTech Market
10.4. Asia-Pacific PropTech Market Snapshot
10.4.1. China PropTech Market
10.4.2. India PropTech Market
10.4.3. Japan PropTech Market
10.4.4. Australia PropTech Market
10.4.5. South Korea PropTech Market
10.4.6. Rest of Asia Pacific PropTech Market
10.5. Latin America PropTech Market Snapshot
10.5.1. Brazil PropTech Market
10.5.2. Mexico PropTech Market
10.6. Rest of The World PropTech Market

Chapter 11. Competitive Intelligence
11.1. Top Market Strategies
11.2. Company Profiles
11.2.1. Ascendix Technologies Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
11.2.2. Zumper Inc.
11.2.3. Opendoor
11.2.4. Altus Group
11.2.5. Guesty Inc.
11.2.6. HoloBuilder, Inc.
11.2.7. Zillow, Inc.
11.2.8. ManageCasa
11.2.9. Coadjute
11.2.10. Vergesense
Chapter 12. Research Process
12.1. Research Process
12.1.1. Data Mining
12.1.2. Analysis
12.1.3. Market Estimation
12.1.4. Validation
12.1.5. Publishing
12.2. Research Attributes
12.3. Research Assumption

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To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
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Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
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