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.   
Summary for decision-makers
Stability 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
Figure 1. Market segment definitions across four software functionality areas
Figure 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

About the Authors

Sophie Planken-Bichler

Sophie Planken-Bichler

Industry Analyst

Sophie is an Industry Analyst at Verdantix, specializing in AEC software and digital twins. She provides strategic guidance to both technology buyers and software vendors, del...

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Joy Trinquet

Joy Trinquet

Senior Analyst

Joy is a Senior Analyst at Verdantix, specializing in real estate, facilities and workplace technology, with a particular focus on integrated workplace management systems/conn...

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Claire Stephens

Claire Stephens

Research Director

Claire Stephens is a Research Director at Verdantix, leading research into technologies and services shaping the real estate and the built environment, encompassing ...

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