Global PropTech Market Analysis and Forecast 2022-2030: Revolutionizing Real Estate with Technology
The global PropTech market was valued at USD 25,145.1 million in 2021 and is projected to expand at a compound annual growth rate (CAGR) of 15.8% from 2022 to 2030. This impressive growth trajectory is expected to be fueled by the increasing integration and adoption of advanced technologies within the real estate industry. Among the key technologies driving this expansion are the Internet of Things (IoT) , machine learning (ML) , artificial intelligence (AI) , and virtual reality (VR) . The widespread use of these technologies in the real estate sector is significantly enhancing operational efficiencies. For example, IoT is enabling smarter buildings by connecting various devices and systems, which improves data collection and management. Likewise, machine learning and artificial intelligence are helping streamline data analysis, offering real estate professionals deeper insig...