IT in Real Estate Market Global Forecast to 2021


Posted January 10, 2017 by annyang

"IT in Real Estate Market Global Forecast to 2021" is a professional and in-depth study.

 
MRRS adds "IT in Real Estate Market Global Forecast to 2021" latest studies,published in December 2016. It is a professional and in-depth study.

The IT in real estate market is projected to grow from USD 5.03 billion in 2016 to USD 8.91 billion by 2021, at a CAGR of 12.1% during the forecast period. Organizations in the commercial real estate sector provide customers with smart solutions to control various systems in homes and offices. Capturing data from sensors in real estate spaces, such as homes, workplaces, shopping places, and parking lots, among others, combined with the power of analytics, enables Internet of Things (IoT) to offer insights regarding preferences of customers. Popularity of asset & property management solutions and the increasing demand for enterprise applications to manage projects are key drivers propelling the growth of the IT in real estate market. High costs involved in the technological transition of various business processes act as a restraint to the growth of this market.
“The residential application segment to grow at the highest CAGR during the forecast period”
Access control software for residential application is anticipated to grow at the highest CAGR from 2016 to 2021. This growth is mainly attributed to the increasing deployment of electronic lock-based access control systems in residential properties to prevent security breach. Installation of these systems also helps minimize unauthorized access.

Figure And Tables

TABLE 1 GLOBAL IT IN REAL ESTATE MARKET, 2014-2021 (USD MILLION, Y-O-Y %) 27
TABLE 2 GLOBAL IT IN REAL ESTATE MARKET, BY ENTERPRISE APPLICATION,  
2014–2021 (USD MILLION) 43
TABLE 3 CUSTOMER RELATIONSHIP MANAGEMENT: GLOBAL IT IN REAL ESTATE MARKET,  BY REGION, 2014-2021 (USD MILLION) 45
TABLE 4 ENTERPRISE RESOURCE PLANNING: GLOBAL IT IN REAL ESTATE MARKET, 
BY REGION, 2014-2021 (USD MILLION) 46
TABLE 5 ENTERPRISE CONTENT MANAGEMENT: GLOBAL IT IN REAL ESTATE MARKET, 
BY REGION, 2014-2021 (USD MILLION) 47
TABLE 6 BUSINESS INTELLIGENCE: GLOBAL IT IN REAL ESTATE MARKET, 
 ...

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Last Updated January 10, 2017