Rise of Digital to Push IT in Real Estate on a High Growth Curve

One of the most significant asset classes that exists is that of real estate. It is lucrative to almost everybody and size wise is as large if not greater than healthcare and equity. Besides, it does not discriminate between developed and developing economies, as lands across such classifications are hooked to this industry. The depth of penetration can be understood from the credit card debts alone.

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Besides, there is an entire fleet of professionals working to keep up the industry in good shape. People from construction professionals to marketing firms and real estate agents all form a network of strength behind the industry’s growth. Thus, the real estate world itself is forever brimming with opportunities.

To add to this, there is IT, making lives seamless for all, including real estate. It not just enables tapping into a large consumer base but also the ever growing segment of millennial population that is deft with computers and mobiles. It helps businesses in gaining the most of rise of internet, pervasiveness of mobile apps and high penetration of social media among the consumer base.

This is particularly important because adapting to this ever dynamic market base will hold the key to who takes away the largest slice of from growth that imminent. And, it should surprise no one that the market will grow at a steady rate. The decent CAGR (Compound Annual Growth Rate) that the market is set to chart will create lucrative growth opportunities for players. And, as said earlier, this will be attributable to the incorporation of digital – paying heed to consumer demands and evolving accordingly.

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As of now, the market is slightly fragmented and key players in the IT in Real Estate market landscape include Oracle Corporation, IBM Corporation, Accenture PLC, Microsoft Corporation, SAP SE, MRI Software LLC, and Salesforce, among others.

IT in Real Estate Market to see disruptive Potential of Artificial Intelligence and Virtual Technologies

The rapid pace of technology advances hasn’t kept any industry untouched, including the real estate. Exchange of communication among stakeholders has become swift and more transparent with the adoption of information technology (IT) across various stages such as in listing, buying, and selling properties. IT has also been a key enabler of maximizing value of stakeholders in the real estate sector. Data-driven insights on the tenant experience made possible by various IT models have helped owners of commercial, residential, and retail spaces enhance this value.

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Investors leveraging Potential of Deal Management Platforms supports Substantial Revenue Streams

An array of cutting-edge IT solutions has been gathering steam in the real estate sector. Real estate professions have been witnessing promising potential of technologies related to virtual reality, artificial intelligence, and blockchain. The growing adoption of IT models for various deal management platforms is a notable trend in the market. Investment firms are increasingly witnessing the benefits of such platforms, especially in offering a robust enterprise risk management solutions to clients.

In the coming years, especially in maturing markets over the world, automated valuation models are gathering steam. These models are likely to rise in relevance in assessing the worth of deals in real estate sector.

The IT in real estate market witnesses window of lucrative avenues from the burgeoning social advertising opportunities in the sector. These are underpinned by the staggering sales of mobile devices. Moreover, the proliferation of real estate ads in Snapchat, Instagram, and Facebook is boosting the market’s prospects. Another trend that might carve sizable opportunities for stakeholders in the real estate sector is the demand for electronic notary services.

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Opportunities in the market will also get solid boost from the rising popularity of enterprises resource planning solutions. The growing adoption of customer relationship management software (CRM) among realtors is a case in point. CRM holds marked potential for real estate companies in developing an impactful pipeline and campaign reporting.

IT in Real Estate Market Higher Mortality Rates by 2025

Global IT in Real Estate Market: Snapshot

Real estate is one of the largest asset classes across the globe, larger than a number of lucrative industries such as healthcare and equity. In many countries, developed as well as developing, real estate lending easily beats credit card debts in terms of magnitude. The real estate sector operates through a network of millions of construction professionals, marketing firms, and an unending number of actively management residential as well as commercial properties across the globe. This heavyweight industry presents highly exciting opportunities, especially for services and products that serve the commercial wing of the global real estate industry.

The IT sector is increasingly helping the real estate sector connect with the rapidly rising consumer base of mobile computing devices such as smartphones and tablet computers. The internet, mobile applications, and social media are also reshaping how the real estate industry connects with consumers and how the consumers manage their daily lives. The move towards mobility has compelled real estate companies, agents, and realtors as well to move ahead of just adapting with the change. Most parties involved in the real estate sector are developing mobile versions of their websites and many companies are also developing specific apps to tackle a larger consumer base.

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In the near future, IT will continue to bring vast changes to the way the real estate sector operates or approaches its potential clients. There are a vast range of benefits that the rapid integration of IT principles and tools into the real estate sector ensure. However, the shift from face-to-face meetings to digital data delivery raise the concern of losing touch with consumers in a conventionally people-centered business.

Global IT in Real Estate Market: Overview

The influx of various real estate-based mobile applications is paving way for organizations in the real estate sector to broadly consider how technology can make their profitability greater. The demand for IT solutions across real estate is likely to increase owing to their benefits such as the smooth conduct of various business processes and efficient information management. These solutions are used for various enterprise applications such as enterprise resource planning, business intelligence, customer relationship management, and business process management. The services offered by them include integration and deployment, maintenance and support, and consulting. The rapid advancements in the cloud technology are providing a significant boost to the growth of the global IT in real estate market.

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The report provides a concise analysis of the global IT in real estate market. It performs an in-depth assessment of the dynamics of the market. It segments the market on the basis of various criteria including geography, premises, and services. It presents statistics for each segment in terms of both value and volume. It focuses on tools such as market attractiveness analysis and Porter’s five force analysis to derive the vendor landscape of the market. It also analyzes key players in the market along with their business strategies, revenue generation, contact information, and latest developments to better understand the competitive landscape.

Global IT in Real Estate Market: Drivers and Restraints

With the rapidly growing population, the demand for real estate is skyrocketing. Real estate customers have varied preferences, which are prompting organizations in this sector to implement smart technologies that help them in catering better to the needs of customers and in managing large projects. This is, thereby, driving the global IT in real estate market. Moreover, for these organizations to avoid heavy losses, there is a pressing need for IT solutions that manage data and ensure the security of sensitive information.

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On the other hand, the transformation of property management business from physical to online platform involves high cost and time, which in turn is limiting widespread adoption of IT solutions across the real estate. Furthermore, the lack of knowledge and awareness regarding technical solutions, particularly in developing countries, is hampering the growth of the market. However, the growing adoption of cloud-based solutions is unfolding growth opportunities for the market.

Global IT in Real Estate Market: Geographical Segmentation

The key segments studied in the report on the basis of geography are Asia Pacific, Europe, North America, and Rest of the World. North America is anticipated to account for a substantial share throughout the forecast period. The domicile of a large number of real estate giants is providing an edge to the region over other regions. The presence of advanced IT infrastructure along with fast-paced technological advancements is propelling the growth of the region.

Emerging countries in the Asia Pacific and Rest of the World regions are sights of high growth rates owing to the proliferation of smartphones, which is triggering the adoption of mobility solutions in real estate organizations. The rising adoption of cloud-based solutions and E-commerce platform by real estate companies is also fuelling the growth of the region.

Global IT in Real Estate Market: Competitive Landscape

The majority of the players offering IT solutions across the real estate sector are adopting collaborations and partnerships as their go-to strategies to stay ahead in the market. They are also focusing on innovative product launches to stay relevant in the market. Some of the prominent players in the global IT in real estate market are Oracle Corporation, IBM Corporation, Accenture PLC, Microsoft Corporation, SAP SE, MRI Software LLC, and Salesforce.

Population to Trigger Demand for IT in Real Estate

San Francisco, California, October 10, 2017: Demand for real estate is growing at a skyrocketing speed owing to the incessantly growing population across the globe, states TMR Research in a research report. The report is titled, “IT in Real Estate Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025.”

Real estate is one of the biggest resource classes over the globe, bigger than various lucrative enterprises, for example, medicinal services and value. In numerous nations, created and also growing, land loaning effortlessly beats Visa obligations regarding greatness. The sector of real estate works through a system of a great many development experts, promoting firms, and an unending number of effectively administration private and additionally business properties over the globe. This heavyweight industry introduces exceedingly energizing open doors, particularly for administrations and items that serve the business wing of the worldwide land industry.

The IT part is progressively helping the land area interface with the quickly rising shopper base of versatile processing gadgets, for instance, cell phones and tablet PCs. The web, portable applications, and web-based social networking are likewise reshaping how the real estate business interfaces with purchasers and how the buyers deal with their everyday lives. The move towards versatility has constrained land organizations, specialists, and real estate agents too to advance of simply adjusting with the change. Most parties that are involved in the sector of real estate are creating versatile renditions of their sites and many organizations are additionally creating particular applications to handle a bigger consumer base.

Sooner rather than later, IT will keep on bringing immense changes to the way the real estate sector works or reaches out to its potential customers. There are a tremendous scope of advantages that its fast reconciliation standards and apparatuses into the land part guarantee. Be that as it may, the move from eye to eye gatherings to advanced information conveyance raise the worry of putting some distance between purchasers in a routinely people-focused business.

The inundation of different real estate based mobile applications is clearing route for associations in the real estate sector to extensively consider how innovation can make their benefit more noteworthy. The interest for IT solutions crosswise over real estate is probably going to expand attributable to their advantages, for example, the smooth lead of different business forms and effective data administration. These arrangements are utilized for different venture applications, for example, undertaking asset arranging, business knowledge, client relationship administration, and business process administration. The administrations offered by them incorporate coordination and organization, upkeep and bolster, and counseling. The quick progressions in the cloud innovation are giving a noteworthy lift to the development of the worldwide IT in real estate market.

With the quickly developing populace, the interest for land is soaring. Real estate clients have fluctuated inclinations, which are inciting associations in this division to execute keen advances that assistance them in providing food better to the requirements of clients and in overseeing extensive ventures. This is, subsequently, driving the worldwide market for IT in real estate. Additionally, for these associations to stay away from overwhelming misfortunes, there is a squeezing requirement for IT solutions that oversee information and guarantee the security of touchy data.

Region-wise, the global market for IT in real estate is anticipated to be led by North America in the years ahead owing to the presence of numerous real estate crème of the crop in the region. Some of the leading players are Microsoft Corporation, Accenture PLC, IBM Corporation, MRI Software LLC, Salesforce, SAP SE, and Oracle Corporation.

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