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IT Market in Real Estate Market 2019: Comprehensive Analysis by Top Key Companies, Industry Growth, Size, Share, Market Insights, Sales Volume and Forecast to 2024

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The “IT Market in Real Estate Market” research report 2019 delivers comprehensive information about the market ranging from the establishment to the predictable growth trend. IT Market in Real Estate market report provides brief analytical data of the market contenders globally using advanced methodological approaches, such as SWOT analysis, production chain, cost, sales margin, financial details, recent developments. IT Market in Real Estate market report also offers market competitors that includes detailed company profiles along with company product specifications.

Market Overview:

  • The IT market in real estate was valued at USD 5.49 billion in 2018, and it is expected to reach a value of USD 10.79 billion, by 2024, at a CAGR of 12.2%, over the forecast period (2019-2024). IT is becoming a driving force necessitating a change in the way real estate companies market products to their clients. The shift from physical records to digital-based records and documents has been the initial stepping stone for the adoption of technology in the real estate sector. According to the Profile of Real Estate Firms 2016, by the National Association of Realtors, commercial real estate managers are lagging behind their residential peers in technology adoption.
  • Blockchain technology is going to make a bigger impact with platforms, such as i-house Token, becoming widespread. The blockchain technology jointly manages the database that records Bitcoin transactions. It is set to change the way of doing business, and real estate transactions may most definitely fall into this category.
  • As software in real estate aids in increasing visibility and efficiencies within an enterprise, real estate solutions can effectively support the realities of a business and propose effective solutions to any issues encountered by a company.
  • Increased funding has been fueling the growth and bringing startups and small-sized organizations to scale. The market studied is expected to be consolidated with acquisitions and mergers of new market entrants by market incumbents to remain competitive. This is expected to drive the formation and growth of the real estate technology landscape.

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    In IT Market in Real Estate Market Report, Following Companies Are Covered:

  • SAP SE
  • The Sage Group PLC
  • Yardi Systems Inc.
  • Buildium LLC
  • MRI Software LLC
  • RealPage Inc.
  • AppFolio Inc
  • IBM Corporation
  • Oracle Corporation
  • Salesforce.com

    IT Market in Real Estate Market 2019 report will help the industry aspirants in arranging their strategies. The measurements offered in this report will be an exact and helpful manual to shape the business development. Additionally, will Provide historical data along with a future forecast and detailed analysis and also expected opportunities.

    Scope of the Report:

  • Risk mitigation is an essential part of the way Big Data is transforming real estate. Open data across the internet and a variety of Big Data tools added strong force for analysis in the decision making of choosing the right property or home. It equipped customers with valuable information by extracting the data and cross-analyzing it. Big real estate agencies such as Realtor, are pioneering those tools and provide an estimated forecast of the property value from 1 to 10 years. Additionally, they provide information about the neighborhood trends, estimate mortgage payment, cost of ownership, history of the property and current value. The calculation is based on a variety of public data records, market information, user data points by using Big Data analysis formula developed in-house.

    Reasons for Buying IT Market in Real Estate Market Report:

    • This report provides pin-point analysis for changing competitive dynamics
    • It provides a forward looking perspective on different factors driving or restraining market growth
    • It provides a five-year forecast assessed on the basis of how the market is predicted to grow
    • It helps in understanding the key product segments and their future
    • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
    • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

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    Key Market Trends:

    Cloud Type of Deployment to Account for Significant Share

    Digital transformation has created a growing demand for connectivity. The explosion of big data with the Internet of Things (IoT), and constant technology innovations to efficiently manage the complex real estate portfolio require simply connected IT solutions.•Deployment of these solutions on-premise requires different servers to be purchased for a different solution, which not only adds to the redundancy, but also leads to the requirement of additional employment, which further increases the cost-to-completion of the project.
    Thus, with a cloud-based solution, such as SAP Cloud for Real Estate, facility managers and lease administrators can manage real estate lease agreements, with all payment and valuation postings being recorded in real time within SAP S/4HANA, providing real estate vendors with a holistic solution to manage operations without additional infrastructure and employment costs.
    The stakeholders in the real estate industry are highly reliant on physical paperwork and are required to carry the documentation on-the-go. While employees can access their digital library of files while on-premises (unless the company has not digitized its records), realtors are weighed down by this problem when away from the office.
    A further development in the market are platforms for smart contracts and issuing and transferring assets through a blockchain. For instance, ChromaWay, which has partnered with LHV Bank to develop such systems. Thus, leaders in the documentation market, like DocuSign are expected to soon invest actively in the aforementioned technology.

    North America Region Account for the Largest Share

    The real estate industry in North America seems to be on an accelerating disruption curve highlighted by rapid changes in tenant dynamics, customer demographic shifts, and ever-increasing needs for better and faster data access to allow improved service and amenities.
    In the United States, investor sentiment related to real-estate remains positive but has weakened over the past year, owing to uncertainty over economic policy and rising interest rates.
    Demand for the multi-family sector remains steady with demographic pressures from millennial and a strong labor market. Moreover, with vacancy rates in the U.S. industrial market at 4.6% as of Q3, 2017, rents have increased significantly across core markets. Also, as per Q2, 2017, CBRE Economic Advisors reported an average net asking rent of USD 6.8 per square foot – the highest level on record.
    Apart from that, investment volumes decreased year-over-year by 8% due to tightening monetary policy and uncertainty over economic policies.
    World’s most innovative real estate companies, such as Bowery, Buildium, Enertiv, among others, are headquartered in this region. In cities, such as San Francisco, New York, and Boston, 60% of the residents were tenants in 2017. The growth in rental demand has resulted in strong demand for property management services.
    Automated interiors also play a key role in real estate. A few companies have started catering to this market and have also sought funding. For instance, Hutch, the virtual interior designer app, raised USD 10 million funding from Zillow in 2017.

    The Research Document Will Answer Following Questions Such as:

    • What are the cutting-edge technologies responsible for driving the growth of the market?
    • What are the main applications of the market? What are the growth prospects to the market applications into the market?
    • At what stage of development are the key market products?
    • What are the shortcomings that has to face to become commercially viable? Is their growth and commercialization dependent on cost declines or technological/application breakthroughs?
    • What is the outlook for the industry?
    • What difference does performance characteristics of IT Market in Real Estate create from those of established entities?

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    Detailed TOC of IT Market in Real Estate Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Introduction to Market Drivers and Restraints
    4.3 Market Drivers
    4.3.1 Technologically Transforming Real Estate Sector
    4.4 Market Restraints
    4.4.1 High Costs Associated with IT Solutions
    4.5 Value Chain Analysis
    4.6 Industry Attractiveness Portes Five Force Analysis
    4.6.1 Threat of New Entrants
    4.6.2 Bargaining Power of Buyers/Consumers
    4.6.3 Bargaining Power of Suppliers
    4.6.4 Threat of Substitute Products
    4.6.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Deployment
    5.1.1 On-premise
    5.1.2 Cloud
    5.2 By End User
    5.2.1 Residential
    5.2.2 Commercial
    5.3 By Solution
    5.3.1 Documentation
    5.3.2 Accounting
    5.3.3 Compliance
    5.3.4 Business Intelligence
    5.3.5 Enterprise Resource Planning
    5.3.6 Customer Relationship Management
    5.3.7 Asset Management
    5.3.8 Other Solutions
    5.4 Geography
    5.4.1 North America
    5.4.2 Europe
    5.4.3 Asia Pacific
    5.4.4 Latin America
    5.4.5 Middle East and Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 SAP SE
    6.1.2 The Sage Group PLC
    6.1.3 Yardi Systems Inc.
    6.1.4 Buildium LLC
    6.1.5 MRI Software LLC
    6.1.6 RealPage Inc.
    6.1.7 AppFolio Inc
    6.1.8 IBM Corporation
    6.1.9 Oracle Corporation
    6.1.10 Salesforce.com

    7 INVESTMENT ANALYSIS

    8 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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