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Report ID: UCMIG60L2001
Report ID:
UCMIG60L2001 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The PropTech market, with a valuation of USD 25,145.1 million in 2021, is experiencing significant growth and is projected to maintain a compound annual growth rate (CAGR) of 15.8% from 2022 to 2030. This growth can be attributed to various factors such as technological advancements, increasing adoption of cloud-based solutions, and the need for efficient real estate management. PropTech, which stands for property technology, encompasses a wide range of digital solutions and innovations that aim to enhance the real estate industry. These include software platforms, data analytics tools, and Internet of Things (IoT) devices, all of which contribute to streamlining processes, improving transparency, and optimizing property operations. As the market continues to evolve and embrace new technologies, the future of PropTech appears promising, offering opportunities for improved efficiency and enhanced customer experiences in the real estate sector.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Real Estate Services by segment aggregation, the contribution of the Real Estate Services in Real Estate Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG60L2001