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Real Estate Software Market Size Worth $18.66 Billion By 2028: Grand View Research, Inc.

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SAN FRANCISCO, Jan. 12, 2022 /PRNewswire/ — The global real estate software market size is expected to reach USD 18.66 billion by 2028, expanding at a CAGR of 9.7% from 2021 to 2028, according to a new study by Grand View Research, Inc. Factors such as a rise in commercial and residential real estate activities, rising urbanization, and the adoption of new software tools for reducing manual errors are driving the market. Technological advancements, the rising implementation of cloud and Artificial Intelligence (AI), and the rising demand for better business workflows are favoring the market growth. Moreover, the increase in smart city development projects is driving the demand for real estate software.

Key Insights & Findings from the report:

  • In terms of type, the Customer Relationship Management (CRM) segment dominated the market in 2020 and is expected to retain its dominance over the forecast period. CRM software improves efficiency and…

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