The estimated value of the worldwide real estate software market in 2022 was USD 10.1 billion, and over the course of the forecast period, growth at a CAGR of 12.4% is anticipated. The market is expanding as a result of the growing digitalization of current consumer data and records, which aids customers in forecasting customer patterns and purchasing behavior.
Growing industrialization and urbanization are major factors propelling the market's expansion. Although COVID-19 caused a pause in the market, clever solutions and the widespread use of new software technologies like cloud computing and artificial intelligence have considerably fueled the market's growth since the pandemic. The real estate market is expanding in the current period.

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Shift to virtual solutions
Digital transactions, remote collaboration tools, and virtual property viewings were necessitated by the pandemic. Virtual tour, online leasing, and property management software for real estate became popular. Covid-19 significantly changed the real estate market.
Increased demand for Remote Capabilities
The need for remote work solutions increased, which had an effect on property management software. Property managers and landowners. Rapid urbanization and population increase are driving this market's substantial expansion. Property managers and landlords looked for solutions that allowed for remote tenant contact, maintenance, tracking, and monitoring.
Data Analytic and Predictive Tools
With the quick changes in market dynamics, real estate analytics and predictive technologies become increasingly important. These resources support trend analysis, risk assessment, and well-informed investment selection. Furthermore, the pandemic hastened the real estate industry's use of technology, highlighting the demand for solutions that facilitate remote work and streamline procedures.
Growth Drivers
The need for housing and society is rising along with the population. Rapid urbanization and population growth are major factors propelling the market's expansion. An increase in real estate investments is frequently correlated with economic growth and stability. The demand for mortgages and real estate investments is also increased by a reduced interest rate.
The market for real estate software is expanding rapidly due to rising demands for efficiency and automation. One of the most noticeable trends in the real estate software sector is the use of AI and machine learning. Real estate businesses benefit from AI-powered apps for a range of tasks, such as managing their property portfolios and launching marketing campaigns.
In order to provide distant buyers with immersive floor plans, Zillow Group has introduced a virtual tour experience that makes use of machine learning and video assets. Prominent real estate firms are using software more and more to optimize task distribution for big projects, cut down on errors, and streamline operations.
Segmentation
By Product
· Enterprise Resource Planning
· Property Management Systems
· Customer Relationship Management
By Deployment Type
· Cloud
· On-Premise
By Application
· Commercial
· Residential
Regional Outlook
· Asia Pacific
· North America
· Latin America
· Europe
· Middle East and Africa

Key Players
· Atlus group ltd.
· RealPage Inc.
· Oracle Corporation
· SAP SE
· SMR Group
· Trimble INC.
· MRI Software LLC
· Costar Realty Information INC
· Accruent
· Microsoft Corporation
· Apple
· IBM
· Other Players

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