

Global Real Estate Software market is forecast to reach $20.6 billion by 2026, growing at a CAGR of 5.7% during the forecast period from 2021 to 2026. Real estate software are the tools that enable customers with certain facilities like expense tracking, Customer Relationship Management (CRM), Enterprise Resource Planning (ERP), Property Management, Lead generation software, video editing, open house management software and other tools streamline listing and simplifying transaction management. Urbanization and surge in adoption of new software tools for accurate data software, decreased risk of errors and other facilities are factors driving the growth of the market.

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Key Takeaways
•Cloud based software is expected to have a significant growth during the forecast period in the real estate software market due to its capabilities of providing better scalability and cost efficient features.

•Key players such as Microsoft Corporation and Oracle Corporation have been helping towards significant market growth of real estate software in North America.
•Rising technological growth along with increasing the business productivity standards are some of the major driving factors towards significant growth of real estate software market.
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Real Estate Software Market Segment Analysis - By Deployment Type
Cloud deployed software is expected to have a major growth at 8.7% in the real estate software market during the forecast period 2021-2026.

Deployment of cloud real estate software have been increasing across the real estate companies due to its capability of providing much more efficient and faster data access and property management, thus improving the workflow productivity. Moreover, saving of data with cloud deployed models helps in managing the massive amounts of data more efficiently with encryption and higher security standards.
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