Of the PropTech market and how outsourcing provides key growth opportunities for this industry.
An overview of the real estate technology market
Entrepreneurs are meeting these country email list demands by fusing information technology and the real estate market together. Experts refer to this fusion as “PropTech,” or property technology. Other names include “CREtech,” commercial real estate technology, and “REtech,” real estate technology. But what exactly is PropTech and, is it possible to define it clearly?
PropTech is a term used to describe technological
Advancements, products, and services for the real estate market.
The ProTech market is growing why spinning rods are so popular significantly. In 2013, PropTech funding averaged around US$2 billion for the year. In 2017, yearly funding increased by 500% to US$12 billion. From 2016 to 2017 alone, the PropTech industry increased by 162%.
With over 2,000 successful PropTech
Startups entering the market bgb directory since 2012, Baum reports that each of these firms raised between $25 million and $40 million on average. So what is fueling this growth? How are PropTech companies taking advantage of this new industry’s potential?
Emerging PropTech technologies
Many people use PropTech products and services without even realizing it. Some of the main technologies behind PropTech growth are the use of big data, augmented/virtual reality (AR/VR), blockchain, and the Internet of Things (IoT).
