Real Estate Software Market Size and Growth Rate:
Real
estate software market is growing so fast from the recent years and will have huge
growth opportunities over the forecast period. It is estimated that the market
will reach USD 12,865 Million by 2021
with a CAGR of 4.4% during the forecast period 2018-2021.
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Estate Software Market @ https://www.researchcosmos.com/reports/world-real-estate-software-market-to-2021-global-analysis-and-forecasts/8230622
Real Estate Software Market Overview:
Real
estate is trend across the world, where buying and selling of properties is
been a business. The software built for real estate handles every aspects of
the property and also maintains the cost accordingly. Also, the buyer or seller
can deal with the real estate owner directly through online and also can search
for properties along with details. More importantly this software reduces the
paper work along with making transactions easier and quicker.
Real
estate software enables effective dashboards and also lists the services
provided and internally connect with the mobile applications. The growing 3D
modeling for online portals and automation the management of real estate
software is followed even in small scale industry. Using this technology, many
people are getting benefited as it also deals with the financial issues.
Real Estate Software Market Growth Drivers and Restraints:
The
growing demand for the residential side real estate is the key driving factor
for the market to grow substantially. The increased capital income both in
developed and developing countries is also propelling the growth rate of the
market. In addition, the market is fueled by rise in awareness towards the
applications among the people.
However,
the maintenance of software is bit expensive which is a restraining factor for
the market. Lack of support in rural areas and also change in economic
strategies rapidly is inhibiting the growth of the market.
Emergence
of advanced technologies in launching varied innovative features for the
applications which are attracting many customers and also making transactions
easy and secure is setting the growth opportunities for the market. The rise in
stringent rules and regulations by government is also supporting the growth of
the market.
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Real Estate Software Market Geographical Segmentation:
Geographically,
the market is segmented into North America, Europe, Asia Pacific, Middle East
and Africa. Asia Pacific is leading the prominent shares of the market. The
quick adoption of latest technology and implementing new applications with high
success rate is accelerating the growth of the market in this region. Next to
Asia Pacific, North America is holding the significant shares of the market by
increased sales of the residential buildings and rise in real estate developers
with great profits. Europe is also elevated to have dominant share of the
market with increased support from the government in investment on the
development of software.
Keyplayers of the Real Estate Software Market:
Some of
the major players in the world real estate software
market are MRI Software, Accruent, Yardi Systems, Argus Financial Software,
RealPage, IBM Tririga, Oracle Corp, AMSI Property Management, CoStar Group,
Fiserv, Trulia and Zillow.
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