Proptech Market Key Highlights:
- Market Size (2024): USD 38.44 Billion
- Projected Market Size (2034): USD 172.53 Billion
- CAGR (2024-2034): 16.2%
Pricing Analysis:
- Price Growth
- Regional Variations
Market Historic Sales
- Total sales volume, year-over-year growth, product categories, and market share.
Revenue Estimation
- Forecasting future revenues based on historical data, market trends, and economic indicators.
Sales by Region
- Breakdown of sales performance across different geographical areas.
Revenue by Manufacturer
- Analysis of revenue contributions from different manufacturers in the market.
Proptech Market Definition
Proptech market is the intersection of real estate, platform economics, and technology. These technologies include various applications (apps), often complex data analysis formulas, or websites that camouflage the richness of diverse transactions in the real estate industry. These solutions also help in building up sustainable measures in an organization and improving investor return, in addition to the client's satisfaction. The growth rates are higher in the residential, commercial, and industrial sectors and the growth of proptech can be much faster with increasing urbanization, a push toward sustainability, and a request for property management efficiency.
- In January 2024, Movingdoors a tech-enabled serviced apartments provider was able to secure its seed funding by sourcing a capital of 1.3 million USD from the three venture capital firms; Genesis Venture, Uni. the fund, and Venture Capital.
The advancement in technologies is expected to create opportunities for the proptech market. Advancements include the Internet of Things (IoT), Machine Learning (ML), Artificial Intelligence (AI), and Virtual Reality (VR) among others in the real estate sector. Furthermore, the use of such technologies makes data organization and even the complex business of managing numerous property businesses easier.
Proptech Market Segmentation:
By Solution
- PropTech Platforms
- PropTech Services
By Property Type
- Residential Property
- Commercial Property
- Industrial Property
By End User
- Real Estate Agents/Brokers
- Property Developers/Builders
- Property Managers
- Commercial/Industrial Real Estate Companies
- Housing Associations
- Others
Proptech Market Companies:
- locale
- Airbnb
- OYO
- Lianjia
- WeCompany
- Compass
- Houzz
- Fangdd
- Ucommune
- Ziroom
For any questions about this dataset or to discuss customization options, please write to us at sales@statifacts.com
