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Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global PropTech Market Outlook

The global PropTech market size reached a value of approximately USD 26.50 billion in 2023. The market is further expected to grow at a CAGR of 16.50% between 2024 and 2032, reaching a value of USD 104.81 billion by 2032.

Global PropTech Market Report Summary Description Value
Base Year USD Billion 2023
Historical Period USD Billion 2018-2023
Forecast Period USD Billion 2024-2032
Market Size 2023 USD Billion 26.50
Market Size 2032 USD Billion 104.81
CAGR 2018-2023 Percentage XX%
CAGR 2024-2032 Percentage 16.5%
CAGR 2024-2032 - Market by Region Asia Pacific 19.0%
CAGR 2024-2032 - Market by Country India 21.8%
CAGR 2024-2032 - Market by Country China 18.2%
CAGR 2024-2032 - Market by Solution Software 19.1%
CAGR 2024-2032 - Market by End Use Property Managers/ Agents 20.1%
Market Share by Country 2023 France 3.0%

Key Trends in the Market

PropTech, also known as property technology, refers to all the tech tools employed by real estate experts for optimising the selling, renting, purchase, marketing, and management of a property. Property technology uses digital tools and equipment for addressing the needs of the property industry.

Global PropTech Market

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  • The key PropTech market trends guiding the growth of the market include rapid adoption of novel technologies by the real estate sector. Adoption of artificial intelligence, virtual reality, and Internet of Things, among others, is increasing as they aid in management of data and simplify real estate operations.
  • Rising investments in the real estate sector due to influx of money is also anticipated to propel the PropTech market growth in the upcoming years. PropTech is anticipated to aid real estate agents in meeting the rising demand for real estate and ensure the proper management and marketing of properties.

Global PropTech Market Analysis

On the basis of solution, the market is bifurcated into software and services. Software is further divided by type into property management, asset management, sales and advertisements, work order management, and customer relationship management, among others, and services is further divided by type into professional services and managed services. Based on deployment mode, the market is segregated into cloud-based and on-premises. On the basis of property type, the market is classified into residential and commercial. Based on end use, the market is categorised into housing associations, property managers/ agents, and property investors, among others. On the basis of region, the market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global PropTech market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

Global PropTech Market

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  • WeWork Inc.
  • Airbnb, Inc.
  • KE Holdings Inc. (“Beike”)
  • Expedia Group, Inc.
  • Oravel Stays Limited
  • Beijing Ziroom Information Technology Co., Ltd.
  • Yanolja Co., Ltd.
  • Zumper, Inc
  • Opendoor Technologies Inc
  • ManageCasa, Inc
  • Others

Global PropTech Market Share by Solution

Based on solution, software is projected to witness significant growth in the market for PropTech over the forecast period. This growth can be attributed to the various advantages offered by PropTech software solutions including convenience, time efficiency, and speed. PropTech software solutions aid in marketing properties as well as in maintaining customer relationships, and asset and property management, while also reducing operational costs.

CAGR 2024-2032 - Market by Country
India 21.8%
China 18.2%
Canada 15.8%
Germany 13.6%
Italy 11.6%
USA XX%
UK XX%
France XX%
Japan 11.4%
Australia XX%
Saudi Arabia XX%
Brazil XX%
Mexico XX%

Global PropTech Market Share by Region

North America is anticipated to account for a significant share of the global market for PropTech in the upcoming years, fuelled by the growing real estate sector, and increasing adoption of PropTech solutions. Strong presence of key players in the region as well as professional and managed service providers are expanding the reach of PropTech in North America. Widespread usage of technology and advancements in housing associations are further anticipated to fuel the market for PropTech in the region.

Global PropTech Market

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Competitive Landscape

WeWork Inc. is a coworking space provider that was established in 2010 and is headquartered in New York, United States. They offer hybrid solutions and flexible terms along with virtual and physical shared spaces.

Airbnb, Inc. was founded in 2007 and is based in California, United States. The company operates an online marketplace for long- and short-term homestays, with unique experiences that enable guests to connect with communities in an authentic manner.

Expedia Group, Inc. is a technology, information, and internet company that was established in 1996 and is headquartered in Washington, United States. Their specialities include hospitality, travel, airfare, and business development, among others.

Other market players include KE Holdings Inc. (“Beike”), Oravel Stays Limited, Beijing Ziroom Information Technology Co., Ltd., Yanolja Co., Ltd., Zumper, Inc, Opendoor Technologies Inc, and ManageCasa, Inc, among others.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Solution
  • Deployment Mode
  • Property Type
  • End Use
  • Region
Breakup by Solution
  • Software
  • Services
Breakup by Deployment Mode
  • Cloud-Based
  • On-Premises
Breakup by Property Type
  • Residential
  • Commercial
Breakup by End Use
  • Housing Associations
  • Property Managers/ Agents
  • Property Investors
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • WeWork Inc.
  • Airbnb, Inc.
  • KE Holdings Inc. (“Beike”)
  • Expedia Group, Inc.
  • Oravel Stays Limited
  • Beijing Ziroom Information Technology Co., Ltd.
  • Yanolja Co., Ltd.
  • Zumper, Inc
  • Opendoor Technologies Inc
  • ManageCasa, Inc
  • Others

PropTech Market Report Snapshots

PropTech Market Size

PropTech Market Analysis

PropTech Companies

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The market reached a value of approximately USD 26.50 billion in 2023.

The market is expected to grow at a CAGR of 16.50% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 104.81 billion by 2032.

The major market drivers include rising investments in real estate and increasing awareness regarding the advantages of PropTech.

The key trends fuelling the growth of the market include adoption of novel technologies, growth of the construction industry, and altering work patterns.

The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

PropTech is a combination of property and technology which uses technology to manage various aspects of property management and real estate such as sales and marketing.

The key players in the PropTech global market are WeWork Inc., Airbnb, Inc., KE Holdings Inc. (“Beike”), Expedia Group, Inc., Oravel Stays Limited, Beijing Ziroom Information Technology Co., Ltd., Yanolja Co., Ltd., Zumper, Inc, Opendoor Technologies Inc, and ManageCasa, Inc, among others.

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63 Fiona Drive, Tamworth, NSW

+61-448-061-727

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63-287-899-028, +63-967-048-3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84-865-399-124