Proptech Market Size - By Component (Solution, Services), By Deployment (Cloud, On-Premises), By Type (Commercial, Residential), By End-User (Housing Associations, Property Managers/ Agents, Property Investors), & Forecast, 2024

Description

List of Tables

Global Proptech Market will witness over 15% CAGR between 2024 and 2032 fueled by growing funding initiatives from industry leaders. Key companies are investing significantly in proptech, recognizing its transformative potential in real estate.

For instance, in January 2024, Munich-based proptech firm Einwert revealed securing over €4M in a seed funding round led by pan-European early-stage VC, Ventech. Ventech joined the existing group of investors, including Wecken & Cie, Auxxo Female Catalyst Fund, Infinitas Capital, and 468 Capital who have increased their stakes. Notable business angels such as Martin Linder (McKinsey), Peter and Anne Bosch, and Jurgen Roth (Immowelt) further complement the investor group. The funds will propel Einwert's platform to become the European market leader in value management, marking a significant step forward for the German company.

These funding initiatives support the development of innovative technologies, such as smart building solutions and digital platforms, catering to evolving needs in the property sector. As major players contribute substantial investments, the proptech market is poised for growth, aligning with the increasing importance of technology-driven solutions in optimizing real estate processes and enhancing user experiences.

The overall Proptech Market share is classified based on the type, end-user, and region.

Residential segment will undergo significant development from 2024 to 2032. As real estate embraces technological advancements, proptech solutions for residential properties are gaining traction. Innovations such as smart home technologies, virtual property tours, and digital property management systems are reshaping the residential real estate landscape. The demand for proptech in the residential sector reflects a growing preference for efficiency, convenience, and enhanced user experiences among homeowners, renters, and real estate professionals. The residential segment is a focal point for Proptech's transformative impact on modern living.

Proptech market size from the property managers/agents segment will register a noteworthy CAGR from 2024 to 2032. Proptech innovations cater to the unique needs of property professionals, offering tools for efficient property management, automated workflows, and data analytics. These technologies empower property managers and agents to provide enhanced services, optimize decision-making processes, and improve overall client experiences. As the industry embraces proptech solutions, the demand from property managers and agents underscores the transformative role these technologies play in shaping the future of real estate management.

Asia Pacific proptech industry will showcase a commendable CAGR from 2024 to 2032. Countries like China, India, and Singapore are embracing proptech solutions to address evolving real estate needs. As the region experiences a surge in property development and investment, there's a growing demand for innovative technologies facilitating efficient property transactions, smart building management, and data-driven decision-making.

The Asia-Pacific proptech market reflects a dynamic landscape where technology is reshaping the real estate industry, meeting the demands of a rapidly changing property market. For instance, in December 2023, GetSetHome, a Mumbai-headquartered online platform specializing in managing and offering rental accommodations, successfully secured $1 million in seed funding from Mistry Ventures, a Mumbai-based VC firm. The startup intends to utilize this capital to expedite its growth strategy, focusing on extending its footprint into new micro markets. Additionally, the funding will be allocated towards enhancing its platform and user experience to fortify its customer base in Mumbai and Pune, where the company is currently active.

Product Code: 7756

Chapter 1 Methodology & Scope

1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Proptech market 360 degree synopsis, 2018 - 2032
2.2 Business trends
- 2.2.1 Total Addressable Market (TAM), 2024-2032
2.3 Regional trends
2.4 Component trends
2.5 Deployment model trends
2.6 Type trends
2.7 End-user trends

Chapter 3 Proptech Industry Insights

3.1 Industry ecosystem analysis
3.2 Supplier landscape
- 3.2.1 Technology providers
- 3.2.2 Service providers
- 3.2.3 Data providers and analytics platforms
- 3.2.4 End users
3.3 Profit margin analysis
3.4 Technology innovation landscape
3.5 Patent analysis
3.6 Key news and initiatives
3.7 Regulatory landscape
3.8 Impact forces
- 3.8.1 Growth drivers
  - 3.8.1.1 Growing demand for smart buildings
  - 3.8.1.2 Growing digital transformation in real estate industry
  - 3.8.1.3 Rise of co-working and flexible spaces
  - 3.8.1.4 Increasing use of IoT, AI, ML in real estate industry
- 3.8.2 Industry pitfalls & challenges
  - 3.8.2.1 High initial costs
  - 3.8.2.2 Resistance to adoption
3.9 Growth potential analysis
3.10 Porter's analysis
3.11 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share, 2023
4.3 Competitive analysis of major market players, 2023
- 4.3.1 Altus Group
- 4.3.2 Guesty Inc.
- 4.3.3 CoStar Group
- 4.3.4 Homelight
- 4.3.5 Opendoor Technologies, Inc.
- 4.3.6 Zillow, Inc.
- 4.3.7 Zumper Inc.
4.4 Competitive positioning matrix, 2023
4.5 Strategic outlook matrix, 2023

Chapter 5 Proptech Market Estimates & Forecast, By Component (Revenue)

5.1 Key trends, by component
5.2 Solution
- 5.2.1 Property management
- 5.2.2 Asset management
- 5.2.3 Sales and advertisement
- 5.2.4 Workorder management
- 5.2.5 Customer relationship management
- 5.2.6 Others
5.3 Services
- 5.3.1 Professional services
- 5.3.2 Managed services

Chapter 6 Proptech Market Estimates & Forecast, By Deployment Model (Revenue)

6.1 Key trends, by deployment model
6.2 Cloud
6.3 On-premises

Chapter 7 Proptech Market Estimates & Forecast, By Type (Revenue)

7.1 Key trends, by type
7.2 Residential
7.3 Commercial

Chapter 8 Proptech Market Estimates & Forecast, By End-user (Revenue)

8.1 Key trends, by end-user
8.2 Housing associations
8.3 Property managers/ agents
8.4 Property investors
8.5 Others

Chapter 9 Proptech Market Estimates & Forecast, By Region

9.1 Key trends, by region
9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
9.3 Europe
- 9.3.1 UK
- 9.3.2 Germany
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Spain
- 9.3.6 Russia
- 9.3.7 Nordics
9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 South Korea
- 9.4.5 ANZ
- 9.4.6 Southeast Asia
9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Argentina
9.6 MEA
- 9.6.1 South Africa
- 9.6.2 Saudi Arabia
- 9.6.3 UAE

Chapter 10 Company Profiles

10.1 Altus Group
10.2 Ascendix Technologies
10.3 Coadjute Limited
10.4 CoStar Group
10.5 Enertiv
10.6 Guesty Inc.
10.7 HoloBuilder Inc.
10.8 Homelight
10.9 Houzz
10.10 Locale
10.11 ManageCasa, Inc.
10.12 Opendoor Technologies, Inc.
10.13 Proptech Group
10.14 Qualia
10.15 RealPage
10.16 Reggora
10.17 VergeSense
10.18 WeCompany
10.19 Zillow, Inc.
10.20 Zumper Inc.