PropTech Market 2030: Asia Pacific Emerges as the Fastest-Growing Region
Global PropTech Market Overview The global PropTech market was valued at USD 25,145.1 million in 2021 and is projected to reach USD 94,200.07 million by 2030, expanding at a CAGR of 15.8% from 2022 to 2030. This growth is primarily driven by the increasing integration of advanced technologies such as the Internet of Things (IoT), Machine Learning (ML), Artificial Intelligence (AI), and Virtual Reality (VR) across the real estate sector. The adoption of these technologies enhances data management and streamlines large-scale property operations. In particular, AI plays a vital role in analyzing and predicting client preferences, allowing for more targeted marketing strategies and actionable insights. The growing demand for property management software (PMS) and asset management software is further propelling market expansion. These tools enhance efficiency by lowering transactional costs, improving customer convenience, simplifying maintenance monitoring, enabling seamless payments, f...