Consumer Insights
Uncover trends and behaviors shaping consumer choices today
Procurement Insights
Optimize your sourcing strategy with key market data
Industry Stats
Stay ahead with the latest trends and market analysis.
Base Year
Historical Year
Forecast Year
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% |
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.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
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.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
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% |
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.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
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.
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:
|
Breakup by Solution |
|
Breakup by Deployment Mode |
|
Breakup by Property Type |
|
Breakup by End Use |
|
Breakup by Region |
|
Market Dynamics |
|
Competitive Landscape |
|
Companies Covered |
|
*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.*
Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!
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.
Purchase Full Report
Datasheet
Single User License
One User
Five User License
Five Users
Corporate License
Unlimited Users
How To Order
Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
Share