PUBLISHER: Grand View Research | PRODUCT CODE: 1300956
PUBLISHER: Grand View Research | PRODUCT CODE: 1300956
U.S. Real Estate Software Market Size, Share & Trends Analysis Report By Type (CRM, ERP, Contract), By Deployment, By Application, By End-use (Architects & Engineers, Real Estate Agents), And Segment Forecasts, 2023 - 2030
U.S. Real Estate Software Market Growth & Trends
The U.S. real estate software market size is expected to reach USD 5.10 billion by 2030, expanding at a CAGR of 10.3% from 2023 to 2030, according to a new study by Grand View Research, Inc. The growth of the industry can be attributed to the benefits offered by the software, which include easy-to-manage marketing, workflow automation, relationship retention, generating potential leads, scalability & security, monitoring customer data, and integrated marketing. Companies operating in various industries use real estate software solutions due to the benefits offered by them, creating a positive outlook for the market. For instance, MRI Software LLC is a real estate software solution provider based in the U.S. The list of clients of the company who have benefited from using real estate software solutions includes 3M; Knight Frank; AvalonBay, Inc.; and Jones Lang LaSalle IP, Inc.
The emergence of advanced construction technologies and rising internet penetration are propelling the adoption of digital technologies in the construction sector. Construction companies focus on digitizing their operations to reduce workforce costs and manual errors in the system, thereby creating robust opportunities in the market. The increasing adoption of digital economic frameworks by the U.S. government is also expected to create a positive outlook for the market. In November 2021, the U.S. government introduced the Infrastructure Investment and Jobs Act (IIJA) to provide funding for developing a digital construction management system. The program aided by a grant of USD 20 million per year for the next five years, is expected to boost the adoption of construction software in the sector.
Key players operating in the market are focusing on partnerships and new product launches to stay competitive. For instance, in March 2023, Attom Data launched Property Navigator, a real estate data solution designed to assist clients in searching for desired commercial or residential properties across the U.S. The company also offers a seven-day free trial of the solution, post which it is available. Further, in June 2022, Commercial Real Estate Exchange, Inc. (Crexi.com) collaborated with the research and technology group First Street Foundation and unveiled its new platform, Climate Factors, to assist users in identifying the impact of climate change on properties and making more informed decisions, supporting the growth of the U.S. real estate software.
U.S. Real Estate Software Market Report Highlights
- The contract software segment is expected to register a CAGR of 11.4% from 2023 to 2030. Contract software is witnessing growing demand in diverse industries owing to its various benefits, such as simplified storage, management, and creation of lease contracts. The real estate business is becoming more customer-centric in the U.S., which is expected to accelerate the adoption of contract software in the market
- The cloud segment is anticipated to grow at a CAGR of 11.8% from 2023 to 2030. The cloud-based real estate software demand is rapidly increasing as it requires minimum infrastructure setup and can be accessed from any location. Further, these solutions help enhance customer engagement and retention, boost employee productivity, and offer various other business benefits, supporting the industry's growth
- The real estate agents segment is expected to register a CAGR of 10.9% from 2023 to 2030. The shifting focus of real estate agents on improving their service delivery to attract potential business clients and improve their customer base is accelerating the segment's growth
- The commercial segment is anticipated to grow at a CAGR of 11.1% from 2023 to 2030. Significant digitalization and rising public & private investment are creating robust opportunities for the market in the commercial sector
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Methodology Segmentation & Scope
- 1.2. Information procurement
- 1.2.1. Purchased database
- 1.2.2. GVR's internal database
- 1.2.3. Secondary sources & third-party perspectives
- 1.2.4. Primary research
- 1.3. Information analysis
- 1.3.1. Data analysis models
- 1.4. Market formulation & data visualization
- 1.5. Data validation & publishing
Chapter 2. Executive Summary
- 2.1. U.S. Real Estate Software Market - Market Snapshot, 2018 - 2030
- 2.2. U.S. Real Estate Software Market - Type Snapshot, 2018 - 2030
- 2.3. U.S. Real Estate Software Market - Deployment Snapshot, 2018 - 2030
- 2.4. U.S. Real Estate Software Market - Application Snapshot, 2018 - 2030
- 2.5. U.S. Real Estate Software Market - End-use Snapshot, 2018 - 2030
- 2.6. U.S. Real Estate Software Market - Competitive Snapshot
Chapter 3. U.S. Real Estate Software Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint/Challenge Analysis
- 3.3.3. Market Opportunity Analysis
- 3.4. Business Environment Analysis Tools
- 3.4.1. Porter's Five Forces Analysis
- 3.4.2. PEST Analysis
- 3.5. COVID-19 Impact Analysis
Chapter 4. U.S. Real Estate Software Market Type Outlook
- 4.1. U.S. Real Estate Software Market Share by Type, 2022 & 2030 (USD Billion)
- 4.2. Customer Relationship Management (CRM) Software
- 4.2.1. Market size estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.2.2. Dialer Software
- 4.2.2.1. Market size estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.2.3. Prospecting
- 4.2.3.1. Market size estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.2.4. Others
- 4.2.4.1. Market size estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.3. Enterprise Resource Planning Software
- 4.3.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 4.4. Property Management Software
- 4.4.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 4.5. Contract Software
- 4.5.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 4.6. Others
- 4.6.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
Chapter 5. U.S. Real Estate Software Market Deployment Outlook
- 5.1. U.S. Real Estate Software Market Share by Deployment, 2022 & 2030 (USD Billion)
- 5.2. Cloud
- 5.2.1. Market size estimates and forecasts, 2018 - 2030 (USD Billion)
- 5.3. On-premise
- 5.3.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
Chapter 6. U.S. Real Estate Software Market End-Use Outlook
- 6.1. U.S. Real Estate Software Market Share by End-use, 2022 & 2030 (USD Billion)
- 6.2. Architects & Engineers
- 6.2.1. Market size estimates and forecasts, 2018 - 2030 (USD Billion)
- 6.3. Project Managers
- 6.3.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 6.4. Real Estate Agents
- 6.4.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 6.5. Others
- 6.5.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
Chapter 7. U.S. Real Estate Software Market Application Outlook
- 7.1. U.S. Real Estate Software Market Share by Application, 2022 & 2030 (USD Billion)
- 7.2. Commercial
- 7.2.1. Market size estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.3. Residential
- 7.3.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
Chapter 8. Competitive Landscape
- 8.1. Company Categorization (Mature Players, Emerging Players)
- 8.2. Company Share Analysis, 2022
- 8.3. Company Heat Map Analysis
- 8.4. Strategy Mapping
- 8.5. Company Profiles (Overview, Financial Performance, Product Overview, Strategic Initiatives)
- 8.5.1. Altus Group Ltd.
- 8.5.2. Attom Data
- 8.5.3. Badger Maps
- 8.5.4. Black Knight Technologies, LLC
- 8.5.5. BoomTownROI
- 8.5.6. CoreLogic
- 8.5.7. Costar Realty Information Inc.
- 8.5.8. Commercial Real Estate Exchange, Inc. (Crexi.com)
- 8.5.9. LionDesk LLC
- 8.5.10. Microsoft Corporation
- 8.5.11. MRI Software Inc.
- 8.5.12. Propertybase
- 8.5.13. RealPage, Inc.
- 8.5.14. Realvolve
- 8.5.15. Reonomy
- 8.5.16. SalesRabbit Inc.
- 8.5.17. SAP SE
- 8.5.18. Spotio
- 8.5.19. Wise Agent
- 8.5.20. Yardi Systems Inc.
List of Tables
- Table 1. List of Abbreviation
- Table 2. U.S. Real Estate Software market, 2018 - 2030 (USD Billion)
- Table 3. U.S. Real Estate Software market, by type, 2018 - 2030 (USD Billion)
- Table 4. U.S. Real Estate Software market, by customer relationship management software, 2018 - 2030 (USD Billion)
- Table 5. U.S. Real Estate Software market, by deployment, 2018 - 2030 (USD Billion)
- Table 6. U.S. Real Estate Software market, by application, 2018 - 2030 (USD Billion)
- Table 7. U.S. Real Estate Software market, by end-use, 2018 - 2030 (USD Billion)
- Table 8. Key Companies Undergoing Partnerships
- Table 9. Key Companies Launching New Products
- Table 10. Key Companies Undertaking Merger & Acquisitions
- Table 11. U.S. Company Market Share, 2022
List of Figures
- Fig. 1 U.S. Real Estate Software Market Segmentation
- Fig. 2 Methodology
- Fig. 3 Primary Research Pattern
- Fig. 4 Information analysis
- Fig. 5 Data Analysis Model
- Fig. 6 Data Validation & Publishing
- Fig. 7 U.S. Real Estate Software: Market Snapshot
- Fig. 8 U.S. Real Estate Software: Segment Snapshot
- Fig. 9 U.S. Real Estate Software: Competitive Landscape Snapshot
- Fig. 10 U.S. Real Estate Software Market Lineage Outlook
- Fig. 11 U.S. Real Estate Software market: Value chain analysis
- Fig. 12 Market driver analysis
- Fig. 13 Market restraint analysis
- Fig. 14 Market opportunity analysis
- Fig. 15 U.S. Real Estate Software market: Porter's five forces analysis
- Fig. 16 U.S. Real Estate Software market: PEST analysis
- Fig. 17 U.S. Real Estate Software market analysis: Type segment analysis
- Fig. 18 U.S. Real Estate Software market analysis: Customer Relationship Management Software segment analysis
- Fig. 19 U.S. Real Estate Software market analysis: Deployment segment analysis
- Fig. 20 U.S. Real Estate Software market analysis: End-use segment analysis
- Fig. 21 U.S. Real Estate Software market analysis: Application Type segment analysis
