NEW YORK, Oct. 25, 2021 /PRNewswire/ -- The "Real Estate Software Market - Competitive Analysis, Trends, Challenges, Drivers, and Five Force Analysis" report has been added to Technavio's offering. The real estate software market value is set to grow by USD 3,825.16 billion from 2020 to 2024, progressing at a CAGR of 9%.

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Market Dynamics

Factors such as the growing middle-class population and the growing need for cost optimization will have a positive impact on the growth of vendors. However, the threat of open-source real estate management software will challenge the growth of the market participants.

Company Profiles

Some of the companies covered in this report are Altus Group Ltd., AppFolio Inc., Autodesk Inc., CoStar Group Inc., Fiserv Inc., International Business Machines Corp., LanTrax Inc., Oracle Corp., SAP SE, and Yardi Systems Inc., etc.

Competitive Analysis

The report includes the competitive analysis, a proprietary tool to analyze and evaluate the position of companies based on their industry position score and market performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Market Segmentation

• By Deployment, the market is classified into cloud-based and on-premises.
• By End-user, the market is classified into architects and engineers, project managers, and real estate agents.
• By Geography, the market is classified as North America, APAC, Europe, South America, and MEA. 

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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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