Real Estate Software Market Size, Share, Growth Analysis, By Type(Customer Relationship Management Software, Enterprise Resource Planning Software, Property Management Software, Contract Software), By Deployment(Cloud, On-premise), By End-use(Architects & Engineers, Project Managers, Real Estate Agents, Others), By Application(Commerical, Residential), By Region - Industry Forecast 2024-2031

Global Real Estate Software Market size was valued at USD 10.1 billion in 2022 and is poised to grow from USD 11.40 billion in 2023 to USD 30.10 billion by 2031, growing at a CAGR of 12.90% during the forecast period (2024-2031).

The market grows slightly due to mass production disruptions around the world. But existing consumer data and records can be recovered after the pandemic to increased digitization, which helps consumers predict purchasing behaviors and customer behavior. Population growth and rapid urbanization for businesses sizes of large projects using intelligent solutions have increased in recent years. In addition, the adoption of new software technologies such as cloud and artificial intelligence in many applications in the real estate software industry is also driving growth. 

Real estate software helps in increasing the efficiency of the businesses as they work in various fields such as social media, online advertising, websites etc. Furthermore, products such as real estate are increasingly digitized and advancements in processing technologies have positively impacted the market in recent years. Additionally, the demand for better data governance practices and easier data protection is pushing companies to implement software solutions to increase customer retention. The leading vendors in the real estate software market are leveraging different technologies to offer products that are more suited to the needs of the customers. Virtualization and adoption of Virtual Reality (VR) is expected to enhance market growth while helping to save time and resources, expand scope to include remote customers, independent users enter and even, artificial intelligence (AI) and machine learning (ML) allow businesses to automate time-consuming tasks, resulting in better ROI.

US Real Estate Software Market is poised to grow at a sustainable CAGR for the next forecast year.