What is Real Estate Asset Management Software Market?
Real estate asset management software specially designed for residential and commercial investors, owners, and managers exploit the property value and investment returns on the properties. These types of software are designed for key functions of property investment, such as market research, revenue forecasting, and data analysis. Real estate asset management software allows users to get and maintain a comprehensive, complete view of their properties for the improvement of real estate portfolio performance.
Highlights from Real Estate Asset Management Software Market Study
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | Europe |
Unit | Value (USD Million) |
Key Companies Profiled | AtlasX (China), Juniper Square (United States), Groundbreaker Technologies (United States), Dealpath (United States), View the Space (United States), Archibus (United States), Zoho Corporation (India), Trimble (United States), Accruent (United States) and Corrigo (United States) |
Global Real estate asset management software is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching New Softwares. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Real Estate Asset Management Software market throughout the forecasted period.
AtlasX (China), Juniper Square (United States), Groundbreaker Technologies (United States), Dealpath (United States), View the Space (United States), Archibus (United States), Zoho Corporation (India), Trimble (United States), Accruent (United States) and Corrigo (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Investor Management Services (United States) and MRI Software (United States). Real Estate Asset Management Software Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Commercial and Residential |
Type | Brokerage Management Software, Facility Management Software and Integrated Workplace Management Systems |
End-Users | Architects & Engineers,Project Managers,Real Estate Agents,Others |
Deployment | On Cloud,On-Premises |
On the basis of Type, Brokerage Management Software are dominating the market in the year 2021 where as Facility Management Software stood as second largest market share.
On the basis of application, Commercial segment is dominating the market in the year 2021 where as Residential segment stood as second largest market.
On the basis of geography, the market of Real Estate Asset Management Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, 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). North America region held largest market share in the year 2021. Middle East and Africa, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising per Capita Disposable Income Coupled with Increasing Investment in Real Estate and Rapidly Growing Urbanization over the Globe
Market Growth Drivers:
Increasing Demand for Real Estate Asset Management Software from Developed and Developing Countries and Increasing Prominence of Property Managers and Owners on Scalability
Challenges:
Stringent Regulatory Guidelines on Real Estate Management and Risks Related to Security
Restraints:
Uses of the Online Software’s For Real Estate Management Contain Risk for the End-Users and High Cost Associated with the Software Installation
Opportunities:
Technological Upgradation in Real Estate Asset Management Software
Key Target Audience
Real estate asset management Software Developers, Real estate asset management Industry Association, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others
Market Leaders & Development Strategies
On 30th March 2021, MRI Software a global leader in real estate software acquired Palace. The acquisition extends MRI’s market presence in New Zealand as well as Palace and its clients admit to the partnerships, innovation, and scale of a well-developed industry leader.
On 29th July 2021, Juniper Square, the leading provider of investment management solutions for commercial real estate launches Institutional Reporting, a revolutionary investment data network. The network enables the general partners to professionally address limited partner reporting needs.