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The Asia Pacific region is anticipated to emerge as the fastest-growing region, registering a CAGR of 17.3% from 2022 to 2030. They include: #1 Top Down The top-down analysis follows a process of elimination that starts by taking a large population of a known size that comprises the target market and using it to narrow down to a specific market segment. Furthermore, in the middle of these digital transformations, market statistics have improved. Investment and Crowdfinancing: this category includes platforms that allow individuals to invest in real estate, notably using blockchain, and also crowdfunding platforms that list investment opportunities for individuals to take a part in. Future Market Insights Global and Consulting Pvt. The growth is due to the associated benefits of on-premise deployments, such as control and ownership over hardware and a higher level of data security than cloud-based proptech software. Some prominent players in the proptech market include Ascendix Technologies, Zumper Inc., Opendoor, Altus Group, Guesty Inc., HoloBuilder, Inc., TAM (Total Addressable Market) is the total possible market for your company's product or service. Procores IPO signaled a large total addressable market for the construction industry, and a maturation for the proptech sector, according to Weston. To meet current customer demand and expectations, proptech businesses are focusing on decreasing various complexities in the home-buying process such as challenges in budgeting and bank loans, hiring a verified real estate agent, and dealing with inspection and document issues, among others, by using the aforementioned tech developments. Contact Proptech Capital to discuss a partnership or for more information: Minh Q. Tran, minh@proptech.capital 3 Ways to Estimate Total Addressable Market (TAM) Pragmatically Were seeing a lot of stuff around digital tours, being able to virtually tour an apartment from online, being able to get a digital key and do a self-guided tour, Dicko said. This will yield your annual contract value. Are you interested in testing our business solutions? The PropTech market in the UK is expected to have a CAGR of 17.1% through 2032. They can search for houses on various platforms, assess features and costs, and even take virtual tours. According to Crunchbase data, 125 venture-backed companies in the real estate industry group were acquired in 2021, the highest amount in the past five years. Developers purchase land in order to rezone it and build on it. Additionally, financial risks are decreased when big data is used in commercial real estate.