PropTech Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Proptech or also referred as property technology comprises the set of technology driven products, solution or services that aid in several business operation, management and other business operation across the real estate sector. The market vertical has witnessed unprecedent investment from several prominent investors as well as venture capital companies in the past few years..

MARKET SCOPE

The "Global PropTech Market Analysis to 2031" is a specialized and in-depth study of the technology, media and telecommunication industry with a special focus on the global market trend analysis. The report aims to provide an overview of the proptech market with detailed market segmentation by offering, component, building type and geography. The report provides key statistics on the market status of the leading proptech market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on offering, the global proptech market is segmented into solution, service
  
•   On the basis of component, the market is segmented into security and surveillance, asset management, sales and advertisement, others
  
•   Based on building type, the market is bifurcated into residential, non-residential
  

MARKET DYNAMICS

Drivers:

•   Factors such as rising adoption of numerous technologically enabled innovative solutions or services across the real estate industry is gaining major traction and is expected to be the major market driving force during the coming years.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The proptech market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the proptech market in these regions.

IMPACT OF COVID-19 ON PROPTECH MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS

The report covers key developments in the proptech market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from proptech market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the proptech market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Galileo Software Services, Inc.
  
•   InspectRealEstate
  
•   Locale
  
•   Opendoor
  
•   Optix (ShareDesk Global Inc.)
  
•   PropertyGuru Pte Ltd.
  
•   REA Group Ltd.
  
•   RexLab
  
•   Spacewell (Nemetschek Group)
  
•   ZWEISPAC
  
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

PropTech Report Scope