Global PropTech
Market Report
2025
The Global Proptech market size is USD 25.3 billion in 2023 and will expand at a compound annual growth rate (CAGR) of 16.20% from 2023 to 2030.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, The Global Proptech market size is USD 25.3 billion in 2023 and will expand at a compound annual growth rate (CAGR) of 16.20% from 2023 to 2030.
2021 | 2025 | 2033 | CAGR | |
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Global PropTech Market Sales Revenue | 121212 | 121212 | 121212 | 16.2% |
North America PropTech Market Sales Revenue | 121212 | 121212 | 121212 | 121212 |
Europe PropTech Market Sales Revenue | 121212 | 121212 | 121212 | 121212 |
Asia Pacific PropTech Market Sales Revenue | 121212 | 121212 | 121212 | 121212 |
South America PropTech Market Sales Revenue | 121212 | 121212 | 121212 | 121212 |
Middle East PropTech Market Sales Revenue | 121212 | 121212 | 121212 | 121212 |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Solution Type |
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Market Split by Deployment Mode |
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Market Split by Application |
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Market Split by End User |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Market Drivers:
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Market Restrains:
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Market Trends:
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Report scope is customizable as we have a huge database of PropTech industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
PropTech Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Proptech, or property technology, refers to all the technological tools real estate professionals use to improve buying, selling, researching, marketing, and managing a property. Depending on the lens people view, these cutting-edge technologies are known as Real Estate Tech, Retech, Realtech, and Commercial Real Estate (CRE) Tech. Growth fuelled by the growing acceptance of several innovative technology-based solutions and services in the real estate industry are projected to drive the market.
ManageCasa, which recently introduced interactive and automated PropTech for property owners and managers, revealed collaboration with Stripe, the online payment-processing platform, to create a new digital payments solution for the property management industry in July 2019.
The imperative need for digital transformation within the real estate sector drives the Proptech market. Adopting technologies like cloud-based property management systems, smart building solutions, and real-time data analytics is streamlining traditional real estate operations. This shift towards digital tools enhances efficiency, reduces operational costs, and provides stakeholders valuable insights for informed decision-making. As the industry embraces these technologies, there's a notable increase in productivity, transparency, and overall effectiveness in managing properties and assets.
In August 2022, Zumper, a US-based portal, secured $30 million in funding to develop a short-term rental offering, marking it as the inaugural real estate platform to offer options for yearly, monthly, and nightly leases.
Increasing Demand for Smart Home Technologies to Propel Market Growth
The rising demand for smart home technologies represents a significant driver in the Proptech market. Homebuyers and tenants are increasingly seeking properties equipped with innovative solutions such as smart security systems, energy-efficient devices, and home automation. Integrating Internet of Things (IoT) devices and artificial intelligence in residential spaces enhances the quality of living and contributes to sustainable practices. Developers and property managers leveraging these technologies gain a competitive edge by meeting the evolving expectations of tech-savvy consumers, thereby driving the growth of the Proptech market.
In May 2023, CBRE, the real estate consultant, announced its collaboration with Nasscom, the tech industry body, to introduce a proptech challenge program. The primary goal of this initiative is to provide assistance and guidance to start-ups in the real estate technology sector.
One key restraint in the proptech market is the challenge of integrating new technologies with existing legacy systems. Many real estate entities operate on traditional platforms that may not seamlessly align with the latest proptech solutions. This integration hurdle can lead to implementation delays, increased costs, and potential disruptions in ongoing real estate operations. Overcoming these compatibility issues requires strategic planning and investment to smoothly transition from conventional practices to advanced proptech solutions.
The proptech market experienced significant disruptions and transformations due to the COVID-19 pandemic. The widespread lockdowns, social distancing measures, and economic uncertainties prompted a rapid shift in the real estate and property technology landscape. With remote work becoming the norm, there was an increased demand for digital solutions facilitating virtual property viewings, online transactions, and smart home technologies. The pandemic catalysed the adoption of Proptech innovations, such as digital platforms for property management, virtual tours, and AI-driven analytics. At the same time, challenges emerged as traditional real estate practices faced obstacles, impacting property sales and construction projects.
The market is changing fast with developments in the high-tech environment and fluctuating customer needs. The use of virtual reality to create a three-dimensional setting or picture improves the quality of the user. These sites make it possible for property businesses to offer virtual tours of buildings, manage their buildings online, and even utilize drones to analyze their properties. It is making the real estate industry more accessible, efficient, and transparent. With virtual property tours, real estate organizations and companies could make it possible for the buyers to perceive closely what they are paying for. The implementation of technology in these solutions allows companies to build trust between sellers and buyers as well as simplifies the process of buying with improved transparency.
Therefore, different key players are launching new developments in their solutions with new emerging technology like 3D, AR, and VR, is accelerating the growth of the global PropTech market.
For instance, in February 2024, Blue Wall Technology ventured into overseas markets by releasing Julius. It is an AI-driven property sales and marketing system that provides a suite of modules such as CRM, dynamic inventory manager, gen-AI marketing, and real-time budgeting.
https://en.prnasia.com/releases/global/blue-wall-technology-to-expand-globally-with-ai-powered-property-sales-management-system-julius-435816.shtml
These modernizations and technological innovations for improved customer experience propel the market share worldwide.
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The Proptech market's competitive landscape is a dynamic arena where innovation and strategic collaborations play pivotal roles. Industry giants, start-ups, and tech innovators are engaged in a relentless pursuit of shaping the future of real estate technology.
In September 2022, HDFC Capital and Invest India introduced the PropTech platform {HDFC Real Estate Tech Innovators 2022. The platform's main objective is to identify, acknowledge, and honour ground-breaking innovations in the fields of construction tech, sales tech, fintech, and sustainability tech within the real estate industry.
Top Companies Market Share in PropTech Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, North America emerges as the epicenter of the Proptech revolution, commanding a staggering 56% market share and boasting a substantial Market Size of USD 14.17 Billion in 2023. The region's dominance is propelled by many factors, including robust technological infrastructure, a thriving startup ecosystem, and a real estate industry eager to embrace innovation. Key segments such as Contech and CREtech are flourishing in this dynamic landscape. Contech solutions redefine construction methodologies, while CREtech innovations reshape how real estate professionals manage properties. As North America continues to spearhead Proptech advancements, its influence extends beyond regional borders, shaping the global trajectory of this transformative industry.
Asia-Pacific emerges as the fastest region, commanding a substantial 15% market share and boasting a remarkable Market Size of USD 3.80 Billion in 2023. The region stands at the forefront of Proptech innovation, leveraging its diverse and expansive real estate landscape. From burgeoning smart cities to cutting-edge architectural marvels, Asia-Pacific provides a fertile ground for the integration of technology in the real estate sector. One key segment driving this surge is the adoption of Proptech solutions in building and construction practices, revolutionizing traditional methodologies. As the region embraces these advancements, it secures its position as a Proptech powerhouse and signifies a paradigm shift towards a tech-driven future in real estate practices.
The current report Scope analyzes PropTech Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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According to Cognitive Market Research, North America emerges as the epicenter of the Proptech revolution, commanding a staggering 56% market share and boasting a substantial Market Size of USD 14.17 Billion in 2023. The region's dominance is propelled by many factors, including robust technological infrastructure, a thriving startup ecosystem, and a real estate industry eager to embrace innovation. Key segments such as Contech and CREtech are flourishing in this dynamic landscape. Contech solutions redefine construction methodologies, while CREtech innovations reshape how real estate professionals manage properties. As North America continues to spearhead Proptech advancements, its influence extends beyond regional borders, shaping the global trajectory of this transformative industry. This hegemony solidifies North America's pivotal role in steering the Proptech market toward unprecedented growth and innovation.
According to Cognitive Market Research, Europe stands as a prominent region, commanding a substantial 20% market share with a market size of USD 5.06 billion in 2023. The European Proptech landscape is characterized by a robust amalgamation of technological innovation and a diverse real estate market. With a keen focus on sustainability and smart urban development, Proptech solutions in Europe encompass a broad spectrum, ranging from smart building management to real-time data analytics. The region's Proptech segment experiences heightened demand as it addresses the complexities of the European real estate market, marked by diverse regulations and unique market dynamics. In conclusion, Europe's Proptech sector, with its significant market share, reflects a forward-looking ecosystem, poised to drive transformative changes across the real estate value chain.
According to Cognitive Market Research, Asia-Pacific emerges as the fastest region, commanding a substantial 15% market share and boasting a remarkable Market Size of USD 3.80 Billion in 2023. The region stands at the forefront of Proptech innovation, leveraging its diverse and expansive real estate landscape. From burgeoning smart cities to cutting-edge architectural marvels, Asia-Pacific provides a fertile ground for integrating technology in the real estate sector. One key segment driving this surge is adopting Proptech solutions in building and construction practices, revolutionizing traditional methodologies. As the region embraces these advancements, it secures its position as a Proptech powerhouse and signifies a paradigm shift towards a tech-driven future in real estate practices.
According to Cognitive Market Research, Latin America emerges as a region of significance, contributing to the industry with a 5% market share and a market size of USD 1.27 billion in 2023. A growing emphasis on digitization in real estate transactions, property management, and construction processes characterizes the Proptech landscape in Latin America. The region's unique market conditions and regulatory environments shape the Proptech segment, with solutions tailored to address specific challenges. As urbanization accelerates and real estate markets evolve, Proptech in Latin America plays a pivotal role in reshaping the industry, enhancing efficiency, and fostering innovation. In conclusion, Latin America's Proptech market, marked by its 5% market share, reflects a promising trajectory within the global Proptech ecosystem.
According to Cognitive Market Research, the Middle East and Africa region commands a notable position, boasting a 4.00% market share and a market size of USD 1.01 billion in 2023. The Proptech landscape in this region is shaped by a confluence of factors, including rapid urbanization, infrastructure development, and a growing demand for smart and sustainable solutions. The Middle East and Africa's Proptech segment caters to the unique challenges and opportunities in its real estate markets. With a focus on innovative technologies, data-driven decision-making, and enhanced user experiences, Proptech in this region contributes to transforming the real estate ecosystem. In conclusion, with its 4.00% market share, the Middle East and Africa stands as a dynamic and evolving hub within the global Proptech market.
Global PropTech Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing PropTech Industry growth. PropTech market has been segmented with the help of its Solution Type, Deployment Mode Application, and others. PropTech market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The PropTech market is typically segmented by Solution Type, which play a significant role in determining the structure and growth potential of the industry. Understanding the market by Solution Type allows businesses to focus on specific product categories that are likely to perform the best in the coming years. By understanding the performance and demand trends of each type, companies can target the most lucrative segments, innovate within specific categories, and develop products or services that align with the needs of their target customers. Analyzing the growth patterns by type helps to pinpoint which segments are most likely to grow at an accelerated pace and which ones might experience slower or stagnant growth.
Solution Type of PropTech analyzed in this report are as follows:
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of PropTech Industry. Request a Free Sample PDF!
Market segmentation by Deployment Mode is another crucial element in understanding the dynamics of the PropTech industry. Applications refer to the specific uses or end-user industries that drive demand for the PropTech products or services. These can vary widely, depending on the nature of the market, ranging from healthcare, manufacturing, and retail to more specialized sectors like aerospace, automotive, and telecommunications. By breaking down the market according to its applications, businesses can gain insight into which industries are adopting PropTech-related solutions most effectively, and where new opportunities are emerging.
Moreover, analyzing application trends helps in recognizing which industries are growing faster, where innovations are occurring, and which markets are saturated, allowing businesses to strategically position themselves in the most promising areas of the market. Get in touch with us to receive industry-specific insights tailored to your needs
Some of the key Deployment Mode of PropTech are:
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Research associate at Cognitive Market Research
Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
Swasti an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
In her current role, Swasti manages research for service and software category, leading initiatives to uncover market opportunities and enhance competitive positioning. Her strong analytical skills and ability to provide clear, impactful findings have been crucial to her team’s success. With an expertise in market research analysis, She is adept at dissecting complex problems, extracting meaningful insights, and translating them into actionable recommendations, Swasti remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global PropTech Market is witnessing significant growth in the near future.
In 2023, the Property Management segment accounted for noticeable share of global PropTech Market and is projected to experience significant growth in the near future.
The Cloud-Based segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Zillow Group , Compass Inc and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Solution Type | Property Management, Real Estate FinTech, Smart Building & Home Technology, Construction Technology, Others |
Deployment Mode | Cloud-Based, On-Premise |
Application | Residential, Commercial, Industrial, Retail, Others |
End User | Property Managers, Real Estate Developers, Investors, Brokers & Agents, Tenants & Homebuyers, Government & Urban Planners, Others |
List of Competitors | Zillow Group, Opendoor Technologies Inc, Compass Inc, Redfin Corporation, Matterport Inc, Procore Technologies, Buildium, VTS, CoStar Group, Reonomy, Others |
This chapter will help you gain GLOBAL Market Analysis of PropTech. Further deep in this chapter, you will be able to review Global PropTech Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of PropTech. Further deep in this chapter, you will be able to review North America PropTech Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of PropTech. Further deep in this chapter, you will be able to review Europe PropTech Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of PropTech. Further deep in this chapter, you will be able to review Asia Pacific PropTech Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of PropTech. Further deep in this chapter, you will be able to review South America PropTech Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of PropTech. Further deep in this chapter, you will be able to review Middle East PropTech Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of PropTech. Further deep in this chapter, you will be able to review Middle East PropTech Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of PropTech. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Solution Type Analysis 2019 -2031, will provide market size split by Solution Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Solution Type Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Deployment Mode Analysis 2021 - 2033
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Chapter 12 Market Split by Application Analysis 2021 - 2033
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Chapter 13 Market Split by End User Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global PropTech market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 15 Research Methodology and Sources
Why Property Management have a significant impact on PropTech market? |
What are the key factors affecting the Property Management and Real Estate FinTech of PropTech Market? |
What is the CAGR/Growth Rate of Cloud-Based during the forecast period? |
By type, which segment accounted for largest share of the global PropTech Market? |
Which region is expected to dominate the global PropTech Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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