Revenue Forecast

The revenue estimate for the base year is $28.49 billion, with a CAGR of 9.5% for the study period from 2023 to 2029.

The Impact of the Top 3 Strategic Imperatives on the Global Property Technology Industry

Customer Value Chain Compression

Why:

•  Property management software simplifies tenant management, combining all tenant activities on a single platform.
• Online marketplaces and payment platforms have simplified the process of property transactions, including eSigning and blockchain-powered payments.

Frost Perspective: 

• Tenants can use a property technology (PropTech) platform to interact with landlords. The software can integrate with third-party vendors.
• The marketplace provides multiple options, including virtual reality (VR) viewing experiences and online rent and purchase payments. These options simplify the process for the customers.

Transformative Megatrends

Why: 

• The movement toward sustainable building practices and carbon neutrality is gaining momentum.
• Companies are developing cutting-edge technologies for data-driven decision-making.
• Consumers can customize these technologies to match their preferences.

Frost Perspective: 

• The integration of PropTech solutions and sustainable design principles by builders can result in resilient, energy-efficient buildings.
• PropTech’s efficiency has only been achievable by utilizing data, which helps consumers make informed decisions.

Disruptive Technologies

Why: 

• The disruptive technologies revolutionizing the PropTech market include the Internet of Things (IoT), Artificial Intelligence (AI), Machine Learning (ML), VR, Big Data, and blockchain.
• The integration of these technologies transforms and streamlines existing practices, improving efficiency.

Frost Perspective:

•  These technologies are vital for meeting the growing demand for convenient and efficient solutions for all segments of the real estate sector.
• The benefits of these technologies include their scalability, transparency, and security.

Scope of Analysis

• PropTech is driving a global revolution within the real estate industry.
• PropTech encompasses innovations and technologies within the real estate sector that improve business transactions, stakeholder engagement, and customer experience across the value chain.
• The study focuses on various services offered within the PropTech market:
  • Construction and development
  • Property management and leasing
  • Investment and financing
  • Building data analytics
• The study highlights major trends, illustrates the competitive landscape, and identifies growth opportunities. It only provides revenue analysis at the geographic and segment levels.
• The study covers all end-user segments, including residential and non-residential buildings and commercial and industrial customers. However, it does not provide revenue analysis by end-user segment.

Segmentation

PropTech:

Construction and Development

This segment focuses on efficient construction processes, from planning and design to the final handover to the customer. It includes building information modeling (BIM), 3D printing, modular construction, construction management software, VR, and augmented reality (AR) to aid visualization.

Property Management and Leasing

This segment centers on technology that manages property rental, leasing, and maintenance. It includes digital platforms for property and lease management, maintenance and repair services, and tenant–landlord communication.

Investment and Financing

This segment creates online platforms and applications that facilitate property transactions, such as mortgage lending and real estate equity crowdfunding platforms.

Building Data Analytics

This segment covers software that analyzes building data. Both historic and real-time advanced data analytics require sophisticated software that can translate data into insights.

Competitive Environment

Key Competitors 

Construction and Development

• DVELE
• COBOD
• AUTODESK
• ENSCAPE
• CANIBUILD
• TESTFIT
• RECOMA
• ARCHDESK
• SPACE MATRIX
• MATTERPORT
• JET BUILD
• CONSTELLATION HOMEBUILDER SYSTEMS
• SITEWARE
• PROCORE
• PROSPECT BY IRISVR
• NORTHSPYRE

Property Management and Leasing

• AIRBNB
• SPACEWELL
• AURUM PROPTECH
• DOORLOOP
• VENDORPM
• RENTREDI
• VTS
• YARDI
• DOTTID
• SIDE
• UPKEEP
• HOMELIGHT
• OPENDOOR
• MAINTAINX
• HOME365
• APPFOLIO
• NTRUST
• PLANON
• TURBOTENANT
• ZILLOW

Investment and Financing

• METAPROP
• OPENDOOR
• REDFIN
• FIGURE
• PROPHERO
• DEALPATH
• SQUARE YARDS
• ZAKPEY
• PULPO
• PREVIEW SOFTWARE
• PACASO
• NOMAD HOMES
• LAMUDI
• 99 GROUP
• PROPSTREET
• URBAN.COM.AU
• OBLIGO
• ENTERA

Building Data Analytics

• COMPTSAK
• HQO
• ARTURO
• FACILIO
• ENGRAIN
• DENSITY
• REONOMY
• CHERRE
• VTS
• BUILDINGMINDS
• PROPMIX
• CORELOGIC
• COSTAR
• PROPSTACK
• SMARTZIP
• AQUICORE
• COPPERITE ANALYTICS