Verdantix Forecasts The Global Real Estate And Building Management Software Market Will Grow From $4.9 Billion In 2018 To Over $7 Billion By 2022
London – July 3, 2018. The worldwide market for real estate and building management software will grow from $4.9 billion in 2018 to $7.4 billion in 2022. This is according to a new market size and forecast analysis from independent research firm Verdantix. The analysis aims to be the most accurate on the market by including revenue data from over 400 software vendors, interviews conducted by Verdantix with over 300 real estate and facilities managers, and 100 property owners in 12 countries around the world, to understand spending decisions and budget changes. The forecast analysis combines macroeconomic data, vendor revenue trends, segment-level drivers and customer budget changes, across five segments defined by functional area (property management, real estate investment, maintenance, energy and workplace management) and three regions globally.
This software market encompasses property management, IWMS, CAFM, CMMS, as well as energy management, real estate investment, workplace and space management solutions. Key findings of the Verdantix report, “Real Estate And Building Management Software Market Size And Forecast 2017-2022 (Global)”, include:
- Results that cut through messy terminology by focusing on the size and growth prospects of functional segments rather than solution names that vary by region (such as CAFM, CMMS and IWMS), to give readers an expert understanding of the real estate and building management software landscape.
- The property management software market is the largest segment at over $1.8 billion in 2018.
- The growth rates vary from 5% to 24% annually depending on segment and region.
“Growth prospects for all the five segments covered in the study are promising” commented Susan Clarke, Principal Analyst at Verdantix, “leading vendors are set to benefit from anticipated market growth of 11% annually over the next five years”.
However, vendor strategies will be critical to access this growth. Rodolphe d'Arjuzon, Managing Director, commented: “our analysis reveals contrasting dynamics and growth rates in each product segment and region. One of the hottest prospects for fast growth is the market for space and workplace management solutions, because real estate managers are pushing hard to optimize their space efficiency, and technology is letting them do this with ever greater efficacy”.
To learn more about the real estate and building management software market opportunity, register for the upcoming Verdantix webinar, “The Future Of The Real Estate And Building Software Market: Key Trends And Market Forecast 2018-2022”, taking place on July 25th, 4pm British Time, 11am Eastern Standard Time, 8am Pacific Standard Time.
Paige A. Rigas
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