Adopting such technologies also simplifies complex property management procedures and streamlines data administration, is expected to drive market expansion in the near future at a CAGR of 16.30% during the forecast period 2023 to 2032.

Market Research Future (MRFR) has published a“Global Proptech Market” 

MRFR recognizes the following companies as the key players in the global Proptech market— Ascendix Technologies, Zumper Inc., Opendoor, Altus Group, Guesty Inc., HoloBuilder, Inc., Zillow, Inc., ManageCasa, Coadjute, Vergesense, Reggora, Enertiv, Homelight, Proptech group, Qualia

Market Highlights

The global Proptech market is accounted to register a CAGR of 16.30% during the forecast period and is estimated to reach USD 102.7 billion by 2032.

PropTech, commonly referred to as property technology, is the use of information technology (IT) in the management and acquisition of real estate by both individuals and corporations. As FinTech focuses on the use of technology in banking, PropTech exploits digital innovation to satisfy the demands of the real estate industry.

It is projected that the rise would be fueled by the real estate sector's growing use of a number of cutting-edge technologies, including the Internet of Things (IoT), machine learning (ML), artificial intelligence (AI), and virtual reality (VR). Adopting such technologies also simplifies complex property management procedures and streamlines data administration.

Segment Analysis

The global Proptech market has been segmented based property type, solution, deployment and end-user.

On the basis of property type, the market is segmented into residential, commercial and industrial. The residential segment was attributed to holding the largest market share in 2022.

Based on solution, the global Proptech market has been segmented into software and services. The software segment was expected to hold the largest market share in 2022.

Based on deployment, the global Proptech market has been segmented into cloud-based and on-premises. The on-premises segment was expected to hold the largest market share in 2022.

Based on end-user, the global Proptech market has been segmented into housing associations, property managers/ agents, property investors and others. The housing associations segment was expected to hold the largest market share in 2022.

Regional Analysis

The global Proptech market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Proptech market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Proptech market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Proptech market comprises of Middle East, Africa, and Latin America.

The largest market share for Proptech was maintained by the North American regional sector. North America's 45.80% revenue share in 2022 was the highest. The prosperity of the neighborhood is attributed to the presence of well-known companies like Ascendix Technologies, Zumper Inc., Opendoor, and Altus Group, among others are the major reason.

Moreover, a respectable growth rate is projected for the European market during the projection period. Despite the fact that the European market is still in the early stages of digitalization and technology adoption, it is projected that the amount of capital deployed will triple over the next two years.

Additionally, the Asia Pacific region is predicted to experience the fastest growth during the anticipated period, with a sizable CAGR. The region's rise is attributed to the rising proptech investment in the APAC region.

Furthermore, the proptech market (property technology) in Latin America and the Middle East & Africa (MEA) region is expected to witness significant growth in the coming years. Proptech refers to the application of technology and innovation to improve the way real estate is bought, sold, managed, and developed.

Key Findings of the Study

• The global Proptech market is expected to reach USD 102.7 billion by 2032, at a CAGR of 16.30% during the forecast period.


• The North America region accounted for the largest share in the global market due to prosperity of the neighborhood is attributed to the presence of well-known companies like Ascendix Technologies, Zumper Inc., Opendoor, and Altus Group, among others


• Based on deployment, the on-premises segment was attributed to holding the largest market in 2022, with an approximate market share of 45–65%.


• Ascendix Technologies, Zumper Inc., Opendoor, Altus Group, Guesty Inc., HoloBuilder, Inc., Zillow, Inc., ManageCasa, Coadjute, Vergesense, Reggora, Enertiv, Homelight, Proptech group, Qualia