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Global PropTech Market Size, Share, Trends, Growth, Forecast: By Solution: Software, Services; By Deployment Mode: Cloud-Based, On-Premises; By Property Type: Residential, Commercial; By End Use: Housing Associations, Property Managers/ Agents, Property Investors, Others; Regional Analysis; Competitive Landscape; 2024-2032
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.
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.
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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.
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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.
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.
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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:
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| Breakup by Solution |
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| Breakup by Deployment Mode |
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| Breakup by Property Type |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global PropTech Market Analysis
8.1 Key Industry Highlights
8.2 Global PropTech Historical Market (2018-2023)
8.3 Global PropTech Market Forecast (2024-2032)
8.4 Global PropTech Market by Solution
8.4.1 Software
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.1.3 Breakup by Type
8.4.1.3.1 Property Management
8.4.1.3.2 Asset Management
8.4.1.3.3 Sales and Advertisements
8.4.1.3.4 Work Order Management
8.4.1.3.5 Customer Relationship Management
8.4.1.3.6 Others
8.4.2 Services
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.2.3 Breakup by Type
8.4.2.3.1 Professional Services
8.4.2.3.2 Managed Services
8.5 Global PropTech Market by Deployment Mode
8.5.1 Cloud-Based
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 On-Premises
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global PropTech Market by Property Type
8.6.1 Residential
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Commercial
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global PropTech Market by End Use
8.7.1 Housing Associations
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Property Managers/ Agents
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Property Investors
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Others
8.8 Global PropTech Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America PropTech Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe PropTech Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific PropTech Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America PropTech Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa PropTech Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 WeWork Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Airbnb, Inc.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 KE Holdings Inc. (“Beike”)
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Expedia Group, Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Oravel Stays Limited
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Beijing Ziroom Information Technology Co., Ltd.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Yanolja Co., Ltd.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Zumper, Inc
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Opendoor Technologies Inc
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 ManageCasa, Inc
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global PropTech Market: Key Industry Highlights, 2018 and 2032
2. Global PropTech Historical Market: Breakup by Solution (USD Million), 2018-2023
3. Global PropTech Market Forecast: Breakup by Solution (USD Million), 2024-2032
4. Global PropTech Historical Market: Breakup by Deployment Mode (USD Million), 2018-2023
5. Global PropTech Market Forecast: Breakup by Deployment Mode (USD Million), 2024-2032
6. Global PropTech Historical Market: Breakup by Property Type (USD Million), 2018-2023
7. Global PropTech Market Forecast: Breakup by Property Type (USD Million), 2024-2032
8. Global PropTech Historical Market: Breakup by End Use (USD Million), 2018-2023
9. Global PropTech Market Forecast: Breakup by End Use (USD Million), 2024-2032
10. Global PropTech Historical Market: Breakup by Region (USD Million), 2018-2023
11. Global PropTech Market Forecast: Breakup by Region (USD Million), 2024-2032
12. North America PropTech Historical Market: Breakup by Country (USD Million), 2018-2023
13. North America PropTech Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Europe PropTech Historical Market: Breakup by Country (USD Million), 2018-2023
15. Europe PropTech Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Asia Pacific PropTech Historical Market: Breakup by Country (USD Million), 2018-2023
17. Asia Pacific PropTech Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Latin America PropTech Historical Market: Breakup by Country (USD Million), 2018-2023
19. Latin America PropTech Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Middle East and Africa PropTech Historical Market: Breakup by Country (USD Million), 2018-2023
21. Middle East and Africa PropTech Market Forecast: Breakup by Country (USD Million), 2024-2032
22. Global PropTech Market Structure
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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