Venture Capital
Andrea Alms Video: Money In Motion 68 - Real Estate Software Market
August 2023 - Venture Capital
TRANSCRIPT Hello, my name is Andrea Alms. I am technology investor and financial manager and this is your money in motion. What is it? The continued integration of the latest technologies such as big data analytics, artificial intelligence, machine learning into real estate solutions is expected to grow and play a niche role in driving the growth of the market. Several real estate companies are integrating these technologies into their respective digital digital platforms to implement new business models and focus on a larger customer base. The main real estate software product segments are consumer relations management, software, enterprise resource planning software, property management, software, contract software and others. According to R and M, the real estate software market in 2023 was 11.24 billion U.S. dollars and forecasted to grow to 16.41 billion and a compound average growth rate of 9.9%. According to Grandview research, the market size was valued at 10.24 billion in 2022 and expected to grow at a compound average growth rate of 12.8% in the global I.T. market. And real estate in this report is expected to reach from 9.55 billion in 2023 to 15.61 billion by 2028, at a growth rate of 10.32%. Averaging the averages, the market size is 10.3 billion at a 13.2 growth rate. It is a multibillion dollar market and double digit growth rate. This one's a keeper. Thank you. This is your money, your money, in motion.