• Tue. Jun 21st, 2022

Global Commercial Real Estate (CRE) Software Market

ByWillie M. Evans

May 12, 2022

Newark, NJ, May 12, 2022 (GLOBE NEWSWIRE) — According to the published title of the report, the Global Commercial Real Estate (CRE) Software Market is expected to grow from USD 2.59 billion in 2021 to USD 4.42 billion by 2030, at a CAGR of 6.11% during the forecast period 2022-2030.

The proliferation of enterprise digitization is expected to increase the demand for the commercial real estate (CRE) software market during the projection period. Moreover, increasing disposable income of a large portion of the global population is driving the growth of the market. However, the rising price of land and price volatility of other properties are the factors that are restraining the growth of the market. Additionally, trade barriers and stringent regulatory guidelines for property management are other factors restraining the growth of the market. However, advancing demand from emerging economies and improving R&D activities are opportunities for market growth.

Competitive strategy

To strengthen their position in the global commercial real estate (CRE) software market, the major players are now focusing on adopting strategies such as product innovations, mergers and acquisitions, recent developments, joint ventures, collaborations and partnerships.

  • For example, in April 2021, MRI Software acquired Manhattan, Trimble’s real estate and workplace solutions company, to enhance its workplace management offerings.

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Market growth and trends

The growth of commercial real estate (CRE) software market is driven by the adoption of new software technologies such as artificial intelligence and clouds of various applications in real estate. Additionally, growing population and rapid urbanization are also helping to drive the growth of the market over the forecast period. Additionally, the growth trend of the market is advancements in technology, such as faster deployment of real estate software on-premises or in the cloud. The technological advances in this software provide visibility into the documentation, information and processes needed to run the business. Commercial real estate (CRE) software provides industry insight, helps streamline operations, easily shares information, and collaborates with team, tenants, and vendors.

Moreover, better data protection is one of the market growth drivers. Thus, the real estate company deals with personal data which must be preserved and secured to ensure the security of customer information, mainly when the data is hosted in the cloud. Indeed, any unauthorized user can use the data resulting in significant losses for the association. The real estate software gives the functionality of digital security.

Main findings

  • In 2021, the cloud-based type segment dominated the market with the largest market share of 56.22% and revenue of 1.45 billion.

The type segment is divided into on-premises and cloud-based. In 2021, the cloud-based type segment dominated the market with the largest market share of 56.22% and revenue of 1.45 billion. This growth is attributed to the use of cloud technologies to better manage businesses and help improve productivity and efficiency by using data to streamline procedures.

  • In 2021, the brokerage app segment dominated the market with the largest market share of 39.12% and revenue of 1.01 billion.

The application segment is divided into broker, investor/appraiser and property manager. In 2021, the brokerage app segment dominated the market with the largest market share of 39.12% and revenue of 1.01 billion. This growth is attributed to the growing need for brokers in real estate associations.

Regional Segment Analysis of Commercial Real Estate (CRE) Software Market:

  • North America (United States, Canada, Mexico)
  • Europe (Germany, France, UK, Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, rest of APAC)
  • South America (Brazil and rest of South America)
  • Middle East and Africa (UAE, South Africa, Rest of MEA)

The North America region has emerged as the largest market in the global commercial real estate (CRE) software market with a market share of 48.06% and a market value of around $1.24 billion in 2021. du Nord currently dominates the commercial real estate (CRE) software market. due to the significant presence of large companies and the generalization of software solutions for protection against the risk of financial loss. Additionally, an increase in urbanization and infrastructure development activities and adoption of new technologies for various commercial and residential applications will likely contribute to the growth of the market over the projection period in this region. Additionally, the Asia-Pacific region is expected to post the fastest CAGR of 8.02% over the projection period. This growth is attributed to the favorable development of regional economies and the promising proliferation of the construction business. Additionally, the real estate software demands in the region contain the execution of advanced technologies and favorable government and regulatory standards are also helping to drive the growth of the region’s market. Moreover, the presence of different developing countries in the region like India, Japan, China and other Asian countries also contributes to boost the growth of the industry during the projection period.

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Major players operating in the global commercial real estate (CRE) software market are

  • Brokermint
  • COSTAR
  • QUIET CRM
  • ALTUS-GROUP
  • BUILD ON
  • MRI SOFTWARE
  • REAL ESTATE
  • ORACLE
  • Ascendix Technologies
  • CustomerRegard
  • CommissionTrac
  • real dog
  • Do
  • Forbury
  • VTS
  • SharpLaunch
  • Economy
  • QUAREM
  • VALCRÉ
  • AFFINITY

This study forecasts revenue at global, regional and country levels from 2019 to 2030. Market and research has segmented the global commercial real estate (CRE) software market based on the segments mentioned below:

Global Commercial Real Estate (CRE) Software Market by Type:

Global Commercial Real Estate (CRE) Software Market by Application:

  • Broker
  • Investor/Appraiser
  • building manager

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About the report:

The global commercial real estate (CRE) software market is analyzed based on value (in billions of dollars). All segments have been analyzed on a global, regional and country basis. The study includes analysis of more than 30 countries for each segment. The report offers an in-depth analysis of the drivers, opportunities, restraints and challenges to obtain key market insights. The study includes Porter’s Five Forces Model, Attractiveness Analysis, Commodity Analysis, Supply, Demand Analysis, Competitor Position Grid Analysis, analysis of distribution and marketing channels.

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