About Commercial Real Estate Software
A commercial real estate software involves computer aided drafting software, project management software, structural engineering software and others. It has various benefits such as reduction of administrative work, efficient sales and lease processing, improvement in communication, easy finance tracking and secure data management. Moreover, it is a competitive advantage to combine the relationships with the market knowledge.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Commercial Real Estate Software market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Brokermint (United States), CoStar Real Estate Manager (United States), Altus group (Canada), Buildout (United States), Apto (United States), Rethink (United Kingdom), Oxane Partners (United Kingdom), Ascendix Technologies (United States), CMBS.com (United States) and ClientLook (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are CommissionTrac (United States), MRI software (United States) and Soft 4 (Lithuania).
Segmentation Overview
AMA Research has segmented the market of Global Commercial Real Estate Software market by Type (ERP, PMS, CRM and Others), Application (Small Enterprises, Medium Enterprises and Large Enterprises) and Region.
On the basis of geography, the market of Commercial Real Estate Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Subscription, the sub-segment i.e. Monthly will boost the Commercial Real Estate Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Advancement is affecting the Market Growth Positively
Market Growth Drivers:
Rising Need of Better and Faster Customer Handling and Growing Urbanization and Relocation of People into Newer Cities
Restraints:
High Costs Associated with the Installation
Opportunities:
Competitive environment in the market is boosting the growth. Increasing prices of raw materials and land requires the companies to decrease the costs. This factor increases the demand of real estate software to optimize the costs. This is contributing to the market growth.
Market Leaders and their expansionary development strategies
In October 2019, Costar which is the provider of commercial real estate provider has planned to acquire STR.
In November 2019, Apto has launched apto data which involves 30 commonly used points for commercial and multifamily property.
Key Target Audience
Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.