GITNUX MARKETDATA REPORT 2024

Real Estate Software Industry Statistics

The Real Estate Software Industry is experiencing significant growth with a projected market value of $4.9 billion by 2025.

With sources from: alltheresearch.com, precisionbusinessinsights.com, forbes.com, alliedmarketresearch.com and many more

Statistic 1

By 2027, the global real estate software market size is expected to reach USD 12.89 billion.

Statistic 2

The real estate software market is projected to grow at a CAGR of 8.9% from 2020 to 2027.

Statistic 3

The rental property management software had an estimated value of $924.12 million in 2020.

Statistic 4

The cloud-based solutions segment is expected to hold the highest share in the real estate software market by 2027.

Statistic 5

As of 2021, North America is expected to hold the largest market share in real estate software.

Statistic 6

The customer relationship management (CRM) segment accounted for over 30% of the overall real estate software market share.

Statistic 7

By the end of 2020, more than 75% of real estate firms were using software for accounting purposes.

Statistic 8

Almost 73% of realtors utilize a CRM and lead management tool.

Statistic 9

In 2020, the commercial segment held a 40% share in the real estate software market.

Statistic 10

97% of real estate professionals say their companies plan to increase their tech spend in 2022.

Statistic 11

In 2019, more than 90% of real estate firms indicated CRM software as the top real estate software.

Statistic 12

Approximately 54% of real estate agencies use marketing automation software.

Statistic 13

About 83% of Realtors say they do not use management software, like CRM.

Statistic 14

In 2020, integrated website IDX accounted for nearly 72% of all real estate website software functionalities.

Statistic 15

The real estate software market in Europe was valued at $3,487 million in 2018 and is predicted to reach $6,750 million by 2026.

Statistic 16

45% of real estate businesses say they are willing to trial new technology software.

Statistic 17

35% of real estate businesses plan to increase their spend on CRM software in the next 12 months.

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In this post, we will explore key statistics shaping the real estate software industry, providing insights into market growth projections, adoption trends, and technological preferences. From the expected market size to the dominance of CRM solutions and the evolving landscape of software functionalities, these statistics offer a comprehensive look at the dynamic environment of real estate technology.

Statistic 1

"By 2027, the global real estate software market size is expected to reach USD 12.89 billion."

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Statistic 2

"The real estate software market is projected to grow at a CAGR of 8.9% from 2020 to 2027."

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Statistic 3

"The rental property management software had an estimated value of $924.12 million in 2020."

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Statistic 4

"The cloud-based solutions segment is expected to hold the highest share in the real estate software market by 2027."

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Statistic 5

"As of 2021, North America is expected to hold the largest market share in real estate software."

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Statistic 6

"The customer relationship management (CRM) segment accounted for over 30% of the overall real estate software market share."

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Statistic 7

"By the end of 2020, more than 75% of real estate firms were using software for accounting purposes."

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Statistic 8

"Almost 73% of realtors utilize a CRM and lead management tool."

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Statistic 9

"In 2020, the commercial segment held a 40% share in the real estate software market."

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Statistic 10

"97% of real estate professionals say their companies plan to increase their tech spend in 2022."

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Statistic 11

"In 2019, more than 90% of real estate firms indicated CRM software as the top real estate software."

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Statistic 12

"Approximately 54% of real estate agencies use marketing automation software."

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Statistic 13

"About 83% of Realtors say they do not use management software, like CRM."

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Statistic 14

"In 2020, integrated website IDX accounted for nearly 72% of all real estate website software functionalities."

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Statistic 15

"The real estate software market in Europe was valued at $3,487 million in 2018 and is predicted to reach $6,750 million by 2026."

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Statistic 16

"45% of real estate businesses say they are willing to trial new technology software."

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Statistic 17

"35% of real estate businesses plan to increase their spend on CRM software in the next 12 months."

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Interpretation

The global real estate software market is witnessing significant growth, with a projected value of USD 12.89 billion by 2027 and a CAGR of 8.9% from 2020 to 2027. Key trends include the dominance of cloud-based solutions, the strong presence of North America in the market, and the increasing adoption of CRM software by real estate professionals. The data also reveal a growing interest in tech investment among real estate firms, with a focus on tools such as CRM software, marketing automation software, and integrated website IDX. While there is potential for further tech adoption in the industry, challenges persist, as evidenced by the significant percentage of real estate professionals not utilizing management software.

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