Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 41.78 Billion | USD 140.67 Billion | 11.8% | 2024 |
FrequentlyAsked Questions
Proptech, or property technology, refers to all the technological tools used by real estate professionals to improve the process of buying, selling, researching, marketing, and managing a property. Depending on whatever lens people are viewing through, these cutting-edge technologies are also known as Real Estate Tech, Retech, Realtech, and Commercial Real Estate (CRE) Tech. Proptech always refers to a strong alignment between real estate and technology, but, at its foundation.
The global proptech market is expected to grow due to Digital transformation in real estate and growing smart building adoption.
According to a study, the global proptech market size was worth around USD 41.78 Billion in 2024 and is expected to reach USD 140.67 Billion by 2034.
The global proptech market is expected to grow at a CAGR of 11.8% during the forecast period.
North America is expected to dominate the proptech market over the forecast period.
Leading players in the global proptech market include Altus Group, HoloBuilder Inc., Zumper Inc., Reggora, Ascendix Technologies, Guesty Inc., Zillow Inc., ManageCasa, Coadjute, VergeSense, Opendoor, Homelight, Enertiv, Qualia and Proptech group, and others., among others.
The report explores crucial aspects of the proptech market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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