The article cited AMA's Global PropTech Market Study explored substantial growth with CAGR of %. According the report, Emerging Trend of AI-Powered Underwriting Software to Automate Commercial Real Estate Underwriting Process is one of the primary growth factors for the market. Rising Adoption of Digital Transformation Strategies Across the Real Estate Companies to Survive and Stay Competitive
is also expected to contribute significantly to the PropTech market. Overall, Online Marketing & Virtual Tour
applications of PropTech, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as VTS (United States), Reonomy (United States), Ascendix Technologies (United States), Zumper Inc. (United States), OpenDoor (United States), JLL (United States), Guesty (Israel), HoloBuilder Inc. (United States), Zillow (United States), Entrata, Inc. (United States), Qualia (United States), Buildium (United States), AppFolio, Inc. (United States) and Yardi Systems, Inc. (United States) may see astonishing sales in this Market and certainly improve revenue growth.
The Deployment, such as Web-based, is boosting the PropTech market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The End-user, such as Brokers, is boosting the PropTech market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Pricing Model, such as Basic, is boosting the PropTech market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global PropTech market identified that the demand is rising in many different parts of the world as "High Growth of Online Leasing Due to Penetration of Smartphones and Increasing Number of Working Population Worldwide". One of the challenges that industry facing is "Bad Quality Images of Properties and Over-Reliance on Technology Can Lead Big Problems"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of PropTech market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of PropTech market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the PropTech market tight? Which application/end-user category or Product Type [] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the PropTech market and other related sub-markets covered in the study.
o Key & emerging players in the PropTech market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall PropTech market size is calculated using market estimation process, the PropTech market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global PropTech market size has been validated using both top-down and bottom-up approaches.