PUNE, India, Oct. 21, 2022 (GLOBE NEWSWIRE) — The global real estate management market The size was estimated at $17.69 billion in 2021. The market is expected to grow to USD from USD 19.33 billion in 2022 37.25 billion by 2029Exhibition of a CAGR of 9.8% during the forecast period. This information is provided by Insights into the Fortune businessin his report entitled “Property Management Market, 2022-2026”.
KEY INDUSTRY DEVELOPMENTS:
March 2021 – Planon has partnered with AddOnn to combine AddOnn’s SaaS solution with Planon’s software platform for digitizing buildings and services to offer end-to-end solutions to end users around the world.
April 2021 – Trimble, Inc. has increased the availability of Trimble Quadri BIM collaboration software for construction projects including roads, bridges and railroads.
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Expanding the penetration of artificial intelligence to introduce innovation
The impact of the COVID-19 outbreak prompted companies to seek smart and artificial intelligence-based technologies in both developed and emerging markets. As employees resume work from the office, facility managers face challenges in designing plans that help keep up with tenant demands. It is worth noting that governments and other stakeholders have increased their investment in real estate assets in emerging markets. In addition, real estate demand could pick up in the period that follows. Savills India claims real estate demand will increase by 15 to 18 million square feet by 2025.
Report scope and segmentation
| report coverage | details |
| forecast period | 2022 to 2029 |
| Forecast period 2022 to 2029 CAGR | 9.8% |
| Value prognosis 2029 | $37.25 billion |
| base year | 2021 |
| Real estate management market size in 2021 | $17.69 billion |
| Historical data for | 2018 to 2020 |
| number of pages | 160 |
| segments covered | Component, Deployment, Application, Geography |
| Growth drivers of the real estate management market | rising… |
