The global sales of Proptech are estimated to be worth USD 38,432.2 million in 2024 and anticipated to reach a value of USD 1,70,931.6 million by 2034. Sales are projected to rise at a CAGR of 16.1% over the forecast period between 2024 and 2034. The revenue generated by Proptech in 2023 was USD 33,554.4 million. The market is anticipated to exhibit a Y-o-Y growth of 14.5% in 2024.

Attributes	Key Insights
Historical Size, 2023	USD 33,554.4 million
Estimated Size, 2024	USD 38,432.2 million
Projected Size, 2034	USD 1,70,931.6 million
Value-based CAGR (2024 to 2034)	16.1%

Semi Annual Market Update

Particular	Value CAGR
H1, 2023	12.9% (2023 to 2033)
H2, 2023	14.5% (2023 to 2033)
H1, 2024	16.1% (2024 to 2034)
H2, 2024	16.4% (2024 to 2034)

Country-wise Insights

Countries	Value CAGR (2024 to 2034)
USA	14.8%
China	20.4%
India	19.1%
Germany	15.1%
UK	13.9%

Category-wise Insights

Property Type	Single Factor Authentication
Value Share (2024)	47.8%

Solutions	Services
CAGR (2024 to 2034)	17.4%

PropTech Market size is growing with a CAGR of 15.0% in the prediction period and it crosses US$ 119.45 Bn by 2032 from US$ 44.88 Bn in 2025

Global proptech market worth at USD 41.78 Billion in 2024, is expected to surpass USD 140.67 Billion by 2034, with a CAGR of 11.8% from 2025 to 2034.

Proptech Market is Segmented by Property Type (Residential, Commercial, Industrial and Logistics, and Hospitality), Solution (Software, Services), Deployment (Cloud, On-Premise, and Hybrid), End-User (Property Owners and Developers. Real-Estate Agents and Brokerages, Facility Managers, and More), Technology (IoT and Smart-Sensor Networks, AI / Big-Data Analytics, and More), and Geography.

Global Property Technology (Proptech) market size is expected to reach $72.96 billion by 2029 at 15.1%, segmented as by solution, software solutions, hardware solutions

The global PropTech market size reached a value of approximately USD 26.50 Billion in 2024. The market is further expected to grow at a CAGR of 16.50% between 2025 and 2034, reaching a value of USD 122.04 Billion by 2034.

North America PropTech emerges as the epicenter of the Proptech revolution, commanding a staggering 56% market share and boasting a substantial Market Size of USD 14.17 Billion in 2023.

According to Cognitive Market Research, The Global Proptech market size is USD 25.3 billion in 2023 and will expand at a compound annual growth rate (CAGR) of 16.20% from 2023 to 2030.

Proptech demand is increasing as the real estate industry embraces various innovative technology solutions and services, which are expected to propel the market.
Demand for CRE tech remains higher in the proptech market.
The Building and Construction category held the highest proptech market revenue share in 2023.
North American proptech will continue to lead, whereas the Asia-Pacific proptech market will experience the most substantial growth until 2030.

Market Dynamics of PropTech Market

Key Driver for the PropTech Market

Digital Transformation in Real Estate Operations to Provide Viable Market Output

The imperative need for digital transformation within the real estate sector drives the Proptech market. Adopting technologies like cloud-based property management systems, smart building solutions, and real-time data analytics is streamlining traditional real estate operations. This shift towards digital tools enhances efficiency, reduces operational costs, and provides stakeholders valuable insights for informed decision-making. As the industry embraces these technologies, there's a notable increase in productivity, transparency, and overall effectiveness in managing properties and assets.

In August 2022, Zumper, a US-based portal, secured $30 million in funding to develop a short-term rental offering, marking it as the inaugural real estate platform to offer options for yearly, monthly, and nightly leases.

(Source: www.prnewswire.com/news-releases/zumper-secures-additional-30m-in-funding-to-launch-short-term-rentals-becomes-the-first-real-estate-marketplace-to-offer-annual-monthly-and-nightly-rental-options-301612005.html)

Increasing Demand for Smart Home Technologies to Propel Market Growth

The rising demand for smart home technologies represents a significant driver in the Proptech market. Homebuyers and tenants are increasingly seeking properties equipped with innovative solutions such as smart security systems, energy-efficient devices, and home automation. Integrating Internet of Things (IoT) devices and artificial intelligence in residential spaces enhances the quality of living and contributes to sustainable practices. Developers and property managers leveraging these technologies gain a competitive edge by meeting the evolving expectations of tech-savvy consumers, thereby driving the growth of the Proptech market.

In May 2023, CBRE, the real estate consultant, announced its collaboration with Nasscom, the tech industry body, to introduce a proptech challenge program. The primary goal of this initiative is to provide assistance and guidance to start-ups in the real estate technology sector.

(Source: economictimes.indiatimes.com/tech/startups/cbre-ties-up-with-nasscom-for-proptech-challenge-to-support-mentor-startups/articleshow/100160486.cms)

Market Restraints of the Proptech

Integration Challenges and Legacy Systems to Restrict Market Growth

One key restraint in the proptech market is the challenge of integrating new technologies with existing legacy systems. Many real estate entities operate on traditional platforms that may not seamlessly align with the latest proptech solutions. This integration hurdle can lead to implementation delays, increased costs, and potential disruptions in ongoing real estate operations. Overcoming these compatibility issues requires strategic planning and investment to smoothly transition from conventional practices to advanced proptech solutions.

Impact of COVID-19 on the Proptech Market

The proptech market experienced significant disruptions and transformations due to the COVID-19 pandemic. The widespread lockdowns, social distancing measures, and economic uncertainties prompted a rapid shift in the real estate and property technology landscape. With remote work becoming the norm, there was an increased demand for digital solutions facilitating virtual property viewings, online transactions, and smart home technologies. The pandemic catalysed the adoption of Proptech innovations, such as digital platforms for property management, virtual tours, and AI-driven analytics. At the same time, challenges emerged as traditional real estate practices faced obstacl...

Vietnam PropTech Market was valued at USD 512.4 million in 2023 and is predicted to experience robust growth in the forecast period with a CAGR of 18.7% through 2029F.

Pages	86
Market Size	2023: USD 512.4 Million
Forecast Market Size	2029: USD 1446.12 Million
CAGR	2024-2029: 18.7%
Fastest Growing Segment	Cloud
Largest Market	Southern Vietnam
Key Players	1. Proptech Zone 2. Ascendix Technologies 3. Zumper, Inc. 4. Guesty, Inc. 5. FARO Technologies, Inc. 6. Zillow Inc. 7. ManageCasa Inc. 8. Coadjute Limited 9. VergeSense, Inc 10. View the Space, Inc.

In the fiscal year 2023, the property technology market in Japan was estimated at 1.1 trillion Japanese yen. The market was forecast to double and reach nearly 2.4 trillion yen by fiscal year 2030.The term PropTech refers to the utilization of technology in the real estate industry.

Unlock data-backed intelligence on Global Proptech Market size at USD 33.5 billion in 2023, showcasing industry trends and key players.

The PropTech CRM market size is forecasted to grow at a CAGR of 10.90% from 2024 to 2034, owing to the ongoing technological innovations and developments.

Attributes	Key Insights
PropTech CRM Industry Estimated Size in 2024	US$ 955.1 million
Projected Industry Value in 2034	US$ 2,687.70 million
Value-based CAGR from 2024 to 2034	10.90%

2019 to 2023 Historical Analysis vs. 2024 to 2034 Industry Forecast Projections

Historical Value in 2019	US$ 589 million
Market Value in 2023	US$ 866.9 million
Market Estimated Size in 2024	US$ 955.1 million
Projected Market Value in 2034	US$ 2,687.70 million

Historical CAGR from 2019 to 2023	10.10%
Forecast CAGR from 2024 to 2034	10.90%

Country-wise Insights

Countries	Forecast CAGRs from 2024 to 2034
China	11.40%
United States	8.50%
Australia and New Zealand	6.70%
Germany	4.10%
Japan	3.00%

Category-wise Insights

Category	Market Share in 2024
Real Estate Agents	39.40%
Residential	58.50%

Analyst Viewpoint

The AI in Proptech market is poised for rapid growth, driven by increased adoption of cloud-based solutions, the need for advanced analytics in real estate, and the growing demand for smart residential solutions.

The market’s growth is underpinned by the integration of AI into property management, investment decisions, and customer service. With strong growth prospects, AI will continue to transform the real estate industry by improving operational efficiencies and driving innovation.

➤ Want valuable market insights? Request a sample of our latest research today @ https://market.us/report/ai-in-proptech-market/free-sample/

BCC Research Market Report for PropTech Market. global proptech market study includes the market size analysis and a detailed analysis of the market player’s products and strategies.

The Global PropTech Market was valued at USD 24.75 billion in 2022 and is growing at a CAGR of 7.50% during the forecast period.

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Market Size
Forecast Market Size
CAGR
Fastest Growing Segment
Largest Market
Key Players

In 2021, **** billion U.S. dollars were invested into proptech companies globally. The unique investment amount has been steadily rising since 2012, with the exception of 2020, even though the number of poptech companies founded has fallen in that time. What is proptech? Proptech, also known as Real Estate Tech or CRE Tech, is the use of information technology to assist in the research, purchase, sale and management of real estate. It is comparable to FinTech for the financial services sector in that way. Proptech is a relatively new area, but has huge potential to disrupt the real estate sector. A 2019 survey demonstrated this, when over ** percent of commercial real estate capital investors indicated that they expect proptech to have a significant or moderate effect on the sector globally. Focus of proptech startups Some property sectors are more attractive to proptechs than others. In 2021, over half of proptech startup CEOs said they were focused on residential real estate markets, whereas only one fourth were targeting hospitality real estate markets.

In the fiscal year 2020, the business-to-consumer (B2C) property technology market in Japan was estimated at 485.2 billion Japanese yen, accounting for the largest share of the total market size of PropTech in Japan. The B2C market was forecast to expand significantly and exceed one trillion yen by fiscal 2025. The term PropTech refers to the utilization of technology in the real estate industry.

The proptech agent tool marketis expected to witness significant growth between 2025 and 2035, driven by rising adoption of digital solutions in real estate, increasing demand for AI-driven property management, and advancements in virtual property showcasing. The market is projected to be valued at USD 6,674.3 million in 2025 and is anticipated to reach USD 15,512.8 million by 2035, reflecting a CAGR of 8.8% over the forecast period.

Metric	Value
Industry Size (2025E)	USD 6, 674.3 million
Industry Value (2035F)	USD 15,512.8 million
CAGR (2025 to 2035)	8.8%

Country-wise Outlook

Country	CAGR (2025 to 2035)
United States	9.1%

Country	CAGR (2025 to 2035)
United Kingdom	8.6%

Region	CAGR (2025 to 2035)
European Union	8.9%

Country	CAGR (2025 to 2035)
Japan	8.4%

Country	CAGR (2025 to 2035)
South Korea	9.3%

Competitive Outlook

Company Name	Estimated Market Share (%)
Zillow Group	12-16%
CoStar Group	10-14%
Realtor.com (Move, Inc.)	8-12%
Redfin Corporation	6-10%
Compass, Inc.	4-8%
Other Companies (combined)	45-55%

Europe stands as a prominent region, commanding a substantial 20% market share with a market size of USD 5.06 billion in 2023.

The Property Technology (PropTech) market, valued at $26.86 billion in 2025, is projected to experience robust growth, driven by several key factors. The increasing adoption of digital technologies across the real estate sector, coupled with the rising demand for efficient property management solutions and enhanced customer experiences, is fueling this expansion. Specifically, the rise of online platforms for property listings and rentals (like Zillow, Redfin, and Airbnb), the integration of data analytics for better investment decisions, and the development of smart home technologies are all significant contributors to market growth. Furthermore, the growing urbanization and the consequent surge in demand for both residential and commercial properties are creating fertile ground for PropTech innovation. While regulatory hurdles and the need for robust cybersecurity measures represent potential challenges, the overall market outlook remains positive, with a projected Compound Annual Growth Rate (CAGR) of 4.4% from 2025 to 2033. This growth will be driven by further technological advancements, the increasing reliance on mobile-first solutions, and the emergence of innovative business models within the PropTech ecosystem. The PropTech market is segmented by property type (residential, commercial, others) and application (hospitality, retail, manufacturing, construction, others). The residential segment currently dominates, driven by the high volume of transactions and the increasing use of online platforms for property searches and rentals. However, the commercial segment is also witnessing significant growth, spurred by the adoption of PropTech solutions for property management, leasing, and investment analysis. Geographically, North America and Asia Pacific are expected to lead the market, benefiting from strong technological infrastructure and high levels of investment in the sector. However, growth is anticipated across all regions as PropTech solutions become increasingly accessible and indispensable to real estate operations globally. The competitive landscape is characterized by both established players and disruptive startups, fostering innovation and competition.