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Proptech Market Trends

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

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Proptech Market Trends

Technological strides are reshaping the proptech industry, driving trends in advanced services and brand promotion platforms. Innovations like AI-driven property management and blockchain-based transactions optimize real estate operations. Emerging platforms leverage AI algorithms and data analytics for enhanced brand visibility and marketing strategies.

These advancements not only refine service offerings but also elevate brand exposure, shaping a competitive edge and transforming how Proptech services are delivered and marketed, marking a significant trend in the evolving industry landscape. The continual evolution of technology within the proptech industry fosters an ecosystem where innovation thrives. As AI, blockchain, and data analytics propel the industry forward, they not only refine services and branding but also revolutionize the essence of client engagement. These advancements redefine the real estate landscape, driving a paradigm shift in how Proptech firms cater to customer needs and establish their market presence.

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.