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Report
Global PropTech Market: Industry Trends & Competitive Intelligence
Market Research Report I 2022-11-18 I 39 Pages I BCC Research
Description
Report Scope:
This report has segmented the PropTech market by property type, by industry and by geographic region. It provides an overview of the global PropTech market and analyzes market trends. Using 2021 as the base year, the report provides estimated market data for the period from 2022 to 2027, while providing revenue forecasts for this period for each market segment. Market values have been estimated based on the total revenue of PropTech solution providers.
The report covers the PropTech market concerning adoption across different regions. It also highlights major trends and challenges that affect the market and the vendor landscape. The report estimates the global market for PropTech in 2021, and it provides projections for the expected market size through 2027. The scope of the study includes the PropTech development platform and associated services, as well as services associated with the platform.
Report Includes:
- A brief general outlook and up-to-date analysis of the global PropTech market
- Analyses of the global market trends, with market revenue data for 2021, estimates for 2022 and 2023, and projections of compound annual growth rates (CAGRs) through 2027
- Highlights of the current and future potential for global PropTech market with an emphasis on new products and technologies, and areas of focus to forecast this market into various segments and subsegments
- Estimation of the actual market size and revenue forecast for global PropTech market, and the corresponding market share analysis based on offering solution, property type, end-use industry, and region
- Technology assessment of the key drivers, restraints, and opportunities that will shape the market for PropTech over the forecast period (2022 to 2027)
- Identification of the companies best positioned to meet the demand for PropTech market due to the increasing investment prospectus by PropTech companies, product launches, mergers and acquisitions, and other market strategic advantages
- Review of recent industry trends, R&D activities, and analysis of the competitive landscape based on recent developments and segmental revenues
Executive Summary
Summary:
PropTech refers to the integration and application of technologies for the development of products and services in the real estate industry. The focus of PropTech is to automate and improve the use and delivery of real estate services. Virtual reality (VR) and artificial intelligence (AI) represent the tip of the iceberg for the PropTech industry. Like other industries, the real estate industry is not immune to technological change. The global real estate sector has undergone a significant paradigm shift, but its full potential is on display in the PropTech market.
The global market for PropTech was estimated at $REDA CTED in 2021. This market is projected to grow at a CAGR of REDA CTED%, and it is forecast to reach $REDA CTED by the end of 2027. Increased spending, venture capital funding in the technology and growing demand for advanced technology in the real estate industry are key factors driving the growth of the PropTech market. Preliminary research, development spending and high execution costs, however, hinder the market growth. Trends such as the use of VR to increase customer satisfaction, the growing use of AI and blockchain solutions, and a promising climate for startups will create huge opportunities in the market.
In this report, the global PropTech market has been segmented based on property type, industry and geographic region. Property types include residential and commercia. The commercial property segment was valued at $REDA CTED in 2021. The PropTech market for residential property will grow at a CAGR of REDA CTED%, and it is forecast to reach $REDA CTED by the end of 2027. The PropTech market by industry has been segmented into construction, manufacturing, retail, hospitality and others. The construction industry holds the largest global market share, with a value of $REDA CTED in 2021, but the construction sector is expected to experience the highest CAGR, at REDA CTED%, during the forecast period.
By geography, the PropTech market has been segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). The North American region accounted for the highest share of the global PropTech market in 2021, at REDA CTED%, a share valued at $REDA CTED. The presence of many global companies, a robust technology infrastructure and high adoption of advanced technologies (e.g., AI, virtual reality, IoT, cloud) are key factors driving the North American market. Asia-Pacific is currently the fastest-growing market for PropTech globally. This market was valued at $REDA CTED in 2021, and it is projected to grow at a CAGR of REDA CTED% to reach $REDA CTED by the end of 2027.
Table of Contents
Chapter 1 Market Outlook
1.1 Market Snapshot
Chapter 2 Executive Summary
Chapter 3 Market Overview
3.1 Impact of COVID-19
3.2 Market Dynamics
3.2.1 Market Drivers
3.2.2 Market Restraints
3.3 Technology Trends
Chapter 4 Emerging Technologies and Opportunities
Chapter 5 Market Breakdown by Property Type and Industry
5.1 PropTech Market by Property Type
5.1.1 Market Size and Forecast
5.1.2 Residential
5.1.3 Commercial
5.2 PropTech Market by Industry
5.2.1 Market Size and Forecast
5.2.2 Construction
5.2.3 Hospitality
5.2.4 Manufacturing
5.2.5 Retail
5.2.6 Others
Chapter 6 Market Breakdown by Region
6.1 Global PropTech Market Size by Region
6.2 North America
6.3 Europe
6.4 Asia-Pacific
6.5 Rest of the World
Chapter 7 Industry Trends and Recent Developments
7.1 Industry Trends
7.2 Recent Key Developments
Chapter 8 Company Profiles
AIRBNB INC.
ASCENDIX TECHNOLOGIES
AURUM PROPTECH
CROWN PROPTECH
HOLOBUILDER
INSPECTREALESTATE
UNIVERSAL PROPTECH INC.
Chapter 9 Project Scope and Methodology
9.1 Scope of Report
9.2 Methodology
9.3 Analyst's Credentials
9.4 BCC Custom Research
9.5 Related BCC Research Reports
List of Tables
Summary Table : Global Market for PropTech, by Region, Through 2027
Table 1 : Global Market for PropTech, by Property Type, Through 2027
Table 2 : Global Market for Residential PropTech, by Region, Through 2027
Table 3 : Global Market for Commercial PropTech, by Region, Through 2027
Table 4 : Global Market for PropTech, by Industry, Through 2027
Table 5 : Global Market for PropTech, by Region, Through 2027
Table 6 : North American Market for PropTech, by Property Type, Through 2027
Table 7 : North American Market for PropTech, by Industry, Through 2027
Table 8 : North American Market for PropTech, by Country, Through 2027
Table 9 : European Market for PropTech, by Property Type, Through 2027
Table 10 : European Market for PropTech, by Industry, Through 2027
Table 11 : European Market for PropTech, by Country, Through 2027
Table 12 : Asia-Pacific Market for PropTech, by Property Type, Through 2027
Table 13 : Asia-Pacific Market for PropTech, by Country, Through 2027
Table 14 : Asia-Pacific Market for PropTech, by Industry, Through 2027
Table 15 : RoW Market for PropTech, by Property Type, Through 2027
Table 16 : RoW Market for PropTech, by Industry, Through 2027
Table 17 : Global PropTech Market: Recent Key Developments, 2022
Table 18 : Airbnb: Products and Services
Table 19 : Ascendix Technologies: Products and Services
Table 20 : Ascendix Technologies: Recent Developments
Table 21 : Aurum PropTech: Products and Services
Table 22 : Crown PropTech: Products and Services
Table 23 : HoloBuilder: Products and Services
Table 24 : InspectRealEstate: Products and Services
Table 25 : Universal PropTech Inc.: Products and Services
List of Figures
Summary Figure : Global Market Share of PropTech, by Region, 2021
Figure 1 : Global Market Shares of PropTech, by Property Type, 2021
Figure 2 : Global Market Shares of PropTech, by Industry, 2021
Figure 3 : Global PropTech Market, by Region
Figure 4 : Global Market Share of PropTech, by Region, 2021
Figure 5 : Global Market Share of PropTech, by Region, 2027
Figure 6 : Methodology of Research
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