Global Real Estate Software market to grow at a CAGR of 5.04% over the period 2013-2018. Global Real Estate Software Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global Real Estate Software market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
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One of the key factors contributing to this market growth is the easy access to real estate data. The Global Real Estate Software market has also been witnessing the growing demand of real estate software in the corporate end-user segment. However, the issues pertaining to data security and privacy could pose a challenge to the growth of this market.
Commenting on the report, an analyst team said: “Several corporations including those from Communication, Financial Services, Energy, and Healthcare, use real estate software to manage their real estate portfolios including manufacturing locations, distribution locations, R&D locations, and regional offices. In the last few years, these corporations have begun focusing more on real estate software technology. The demand for real estate software is growing in the corporations in order to reduce the overall cost of real estate and also to perform better property site searches.
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Geography is one of the most important factors for any property site search, whether it is an office space, where the commute times of the executives have to be considered, or the location of a R&D facility, or the location of a warehouse that needs quick access to a highway. The corporate real estate end-user segment is highly fragmented in terms of its requirements and requires specific solutions for each requirement. In addition, creating appealing workspaces with ergonomic design is a top priority for leading real estate corporations. Real estate vendors provide IWMS to corporations in order to effectively manage key metrics, such as total square footage and vacancy status for workspace creation.”
According to the report, one of the major drivers is the easy access to real estate data. Due to the presence of a large amount of data, enterprises need software to automatically track the performance and behavior of the information stored in their IT systems. They require the software to manage online sales and purchases of properties and thus improve their overall operational efficiency.
Further, the report states that one of the major challenges in this market is the issue pertaining to data security and piracy. Enterprises are very skeptical about sharing their confidential data since most of the real estate data deals with financial planning, budgeting, and contract management. In addition, most of the providers in this space are SaaS/web-based solution providers. In a SaaS-based model, there is always the risk of information leakage, which could result in unauthorized access and misuse of organizational data.
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The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
The key vendors dominating this market space are Accruent Inc., Argus Financial Software, MRI Software LLC, RealPage, Inc., and Yardi Systems Inc.
Other vendors mentioned in the report are AMSI Property Management, CoStar Group, Fiserv Inc., IBM Tririga, Oracle Corp, Trulia, and Zillow.
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