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Proptech Market Share

Report ID: GMI7756
Published Date: Dec 2023
Report Format: PDF

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Proptech Market Share

Opendoor Technologies Inc. and CoStar Group hold a significant market share in the proptech business. Opendoor is well-known for its iBuying model, where the company directly purchases homes from sellers and later sells them to buyers. This model aims to streamline the home-selling process, offering sellers a quick and hassle-free transaction.

CoStar Group invests significantly in technology and innovation. This includes the development of advanced analytics tools, machine learning capabilities, and enhancements to its existing platforms. This investment in technology ensures that the company remains at the forefront of providing cutting-edge solutions to its customers.

Major players operating in the proptech companies are:

Altus Group
Ascendix Technologies
Coadjute Limited
CoStar Group
Enertiv
Guesty Inc.
HoloBuilder Inc.
Homelight
Houzz
Locale
ManageCasa, Inc.
Opendoor Technologies, Inc.
Zillow, Inc.
Zumper Inc.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of proptech was worth USD 27.3 billion in 2023 and is estimated to register a CAGR of over 15% between 2024 & 2032 as it enables the monitoring and management of energy consumption, optimizing sustainability efforts in real estate.

In 2023, the solution segment held a market share of over 60% and will continue to gain demand through 2032, as these solutions revolutionize traditional real estate practices, enhancing efficiency and user experiences.

North America proptech market accounted for a major revenue share of around 45% in 2023 and will keep flourishing due to the search for innovative solutions for property management, transactions, and tenant experiences, as the region embraces AI-driven analytics, smart home technologies, and blockchain for secure transactions.

Coadjute Limited, CoStar Group, Enertiv, Guesty Inc., HoloBuilder Inc., Homelight, Houzz, Locale, ManageCasa, Inc., Opendoor Technologies, Inc., and Zillow, Inc. among others.