How Has The Computer Vision in Real Estate Market Size Evolved In Recent Years?
The real estate market has seen considerable growth due to a variety of factors.
• The growth of the real estate market has been robust in the past few years, with its value projected to surge from $4143.71 billion in 2024 to $4466.58 billion in 2025, translating to a compound annual growth rate (CAGR) of 7.8%.
This remarkable increase during the historical phase is a reflection of the vigorous economic expansion in developing markets, the amplified need for reasonably priced homes, government measures, and a surge in disposable income levels.
What is the Forecasted Market Size and CAGR for the Real Estate Market?
The real estate market is expected to maintain its strong growth trajectory in upcoming years.
• The size of the real estate market is anticipated to witness robust expansion in the forthcoming years, with a projection to reach $5871 billion in 2029, growing at a compound annual growth rate (CAGR) of 7.1%.
The predicted rise in the forecasted period is linked to the surge in infrastructure investments, a growth in population, heightened urbanization, and a decrease in interest rates. Notable trends during this forecast period involve the adoption of blockchain to simplify property transference and provide more control to customers, utilization of data analytics to understand market trends, pricing, and consumer inclinations, integration of augmented reality and virtual reality in the real estate sector, employment of artificial intelligence (AI) technology for the formulation of rental price predictions and house price determinations, and introduction of alternative payment options to enable customers to pay their rent on credit.
Which Drivers Are Accelerating Growth In The Real Estate Market?
The progression of the real estate market is predicted to benefit from the assured economic expansion forecasted in a multitude of developed and developing countries. For example, the International Monetary Fund, a financial institution based in the US, predicts in April 2024 that the worldwide economy will sustain a rate of growth of 3.2% in 2024 and 2025, mirroring the trend observed in 2023. The upward trend of commodity prices after a considerable fall in the prior period is anticipated to further assist the market's expansion. Stable growth is expected in developed economies throughout the projected timeframe. Moreover, emerging markets are likely to slightly outpace the growth of developed markets in the same period. As an illustration, data from the World Bank shows that India's GDP rose to $3173.40 billion in 2021, an increase from $2667.69 billion in 2020.
What Are The Principal Market Segments In The Global Real Estate Healthcare Industry?
The real estate market covered in this report is segmented –
1) By Type: Real Estate Rental, Real Estate Agency And Brokerage
2) By Mode: Online, Offline
3) By Property Type: Fully Furnished, Semi Furnished, Unfurnished
Subsegments:
1) By Real Estate Rental: Residential Rental, Commercial Rental, Industrial Rental, Vacation Rentals
2) By Real Estate Agency And Brokerage: Residential Brokerage, Commercial Brokerage, Industrial Brokerage, Property Management Services
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Which Emerging Market Trends Are Altering The Real Estate Market?
The group born between the mid-1990s and early 2000s, known as Generation Z, is predicted to surpass all other generations in spending on rental services throughout their lives. This generation is steeped in technology, using the internet and social media heavily to make choices about purchases and lifestyle. In light of Generation Z's intimate relationship with technology, it is essential for real estate rental services to integrate technology into their leasing and marketing strategies, targeting platforms such as apps, social media, and diverse internet outlets where this generation is known to be active. With Generation Z comprising nearly a quarter of the U.S. populace, the real estate market is projected to greatly benefit from this demographic in the half-decade span from 2019 to 2023.
Who Are the Key Players in the Real Estate Market?
Major companies operating in the real estate market include:
• Xiamen C&D
• Brookfield Asset Management Inc.
• Mitsui Fudosan Co. Ltd
• Sun Hung Kai Properties Limited
• Anywhere Real Estate Inc. (Realogy Holdings Corp)
• Daito Trust Construction Co. Ltd.
• Prologis. Inc.
• Berkshire Hathaway Inc.
• SIMON PROPERTY GROUP Inc
• DLF Limited
• Godrej Properties Limited
• Oberoi Realty Limited
• Brigade Enterprises Limited
• Mitsubishi Estate Co. Ltd
• Sumitomo Realty & Development Co. Ltd
• Nomura Real Estate Holdings. Inc
• Sekisui House. Ltd
• Samsung C&T Corporation
• Lotte E&C Co. Ltd
• Hyundai Engineering & Construction Co. Ltd
• GS Engineering & Construction Corp
• Daewoo Engineering & Construction Co. Ltd
• Lendlease Group
• Mirvac Group
• Stockland Corporation Limited
• China Vanke Co. Ltd
• Country Garden Holdings Co. Ltd
• China Resources Land Limited
• Sunac China Holdings Limited
• Evergrande Group
• Mra Group
• Vonovia SE
• GSW Immobilien AG
• Sedlmayr Grund
• SEGRO plc
• Savills
• Knight Frank
• BNP Paribas Real Estate
• Grainger plc
• Hamilton May
• Griffin Real Estate
• Dom Development SA
• Develia SA
• Echo Investment SA
• Capital Park SA
• Archicom SA
• Cavatina Holding Spólka Akcyjna
• JLL
• Colliers
• DTZ
• Lennar Corporation
• Dream Finders Homes
• Kilroy Realty Corporation
• Archway Equities
• Realty Income Corporation
• Recnation Storage
• Rexford Industrial Realty
• Quinn Residences
• Prolific Group
• JHSF Participações
• Iguatemi S.A
• Even
• PDG S.A
• Camargo Corrêa Desenvolvimento Imobiliário
• MRV Engenharia e Participações SA
• Cyrela Brazil Realty
• Gafisa
• Tenda
• IRSA
• TGLT
• SalfaCorp
• Paz Corp
• Azrieli Group
• Alony Hetz Properties & Investments Ltd
• Africa Israel Investments
• Elco Holdings Ltd
• Delek Real Estate
• Emaar Properties
• Aldar Properties
• Dubai Properties
• DAMAC Properties
• Nakheel Properties
• Jabal Omar Development Company
• Dar Al Arkan Real Estate Development Company
• Ewaan Global Residential Company
• Al Akaria Saudi Real Estate Company
• Alandalus Property Company
• Talaat Moustafa Group (TMG)
• Palm Hills Developments
• SODIC
• Hassan Allam Properties
• Iwan Developments
• Orascom Development Egypt
• Growthpoint Properties
• Redefine Properties
• Hyprop Investments
• Vukile Property Fund
• Resilient REIT
• Attacq Limited
• Emira Property Fund
• UPDC Real Estate Investment Trust
• Mixta Real Estate
• Adron Homes and Properties Limited
• Grenadines Homes
What are the Regional Insights into the Real Estate Market?
Asia-Pacific was the largest region in the real estate market in 2024. North America was the second-largest region in the real estate market. The regions covered in the real estate market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
