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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global PropTech Market Size
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.
- 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.
PropTech Market Report Snapshots
*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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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
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 287899028, +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
+84865399124