Market Size And Forecast: Real Estate & Built Environment Management Software 2023-2029 (Global)
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Executive Summary
This report provides valuable insights for real estate and built environment management software suppliers, industry professionals and investors, offering a comprehensive understanding of the current state and size of the global software market. It also highlights key trends and drivers expected to shape the market through to 2029. The Verdantix model incorporates an updated analysis of macro-economic drivers, disclosed and calculated supplier revenue figures, survey data, customer budget trends, and insights from interviews with software vendors. The software market spans four functionality areas: real estate management; asset and maintenance management; energy and sustainability management; and space and workplace management. At the close of 2023, Verdantix valued the market at over $8.2 billion; we forecast the market to grow at a CAGR of 7.8%, reaching $12.9 billion by 2029. Our analysis includes detailed breakdowns by region, country and software functionality areas.
Table of contents
Summary for decision-makersStability of the market prevails, amid economic volatility and soaring energy prices
Market size data for 2023 reflect aggregate vendor revenues and buyer trends
The real estate and built environment management software market was worth $8.2 billion in 2023
Cost-cutting strategies, coupled with sustainability-driven business priorities, are fuelling software investment
The real estate and built environment management software market will reach $12.9 billion in 2029
Table of figures
Figure 1. Market segment definitions across four software functionality areasFigure 2. Verdantix market size and forecast methodology
Figure 3. Model segmentation
Figure 4. Definition of asset type segments
Figure 5. Updated macro drivers of the real estate and built environment management software market
Figure 6. 2023 real estate and built environment management software spend by region and country
Figure 7. 2023 real estate and built environment management software spend by functionality area
Figure 8. 2023 real estate and built environment management software spend by functionality area and region
Figure 9. 2023 real estate and built environment management software spend by asset type
Figure 10. Real estate and built environment management software forecast by functionality area 2023-2029
Figure 11. Real estate and built environment management software forecast by region 2023-2029
Organisations mentioned
ABB, aedifion, Altus Group, Amazon, AppFolio, CBRE, Centrica, Deloitte, Density, ENGIE, Google, Honeywell, International Energy Agency (IEA), International Monetary Fund (IMF), JLL, Johnson Controls (JCI), KODE Labs, Lambent Technologies, NABERS (National Australian Built Environment Rating System), Nantum AI, Nemetschek Group, Occuspace, Organisation for Economic Co-operation and Development (OECD), Planon, Purdue University, RICS (Royal Institution of Chartered Surveyors), Savills, Schneider Electric, Siemens, Spacewell, Task Force on Climate-related Financial Disclosures (TCFD), UN, University of Utah, US Securities and Exchange Commission (SEC), World Bank, YardiAbout the authors
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