Global IT in Real Estate Market: Snapshot
Real estate is one of the largest asset classes across the globe, larger than a number of lucrative industries such as healthcare and equity. In many countries, developed as well as developing, real estate lending easily beats credit card debts in terms of magnitude. The real estate sector operates through a network of millions of construction professionals, marketing firms, and an unending number of actively management residential as well as commercial properties across the globe. This heavyweight industry presents highly exciting opportunities, especially for services and products that serve the commercial wing of the global real estate industry.
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The IT sector is increasingly helping the real estate sector connect with the rapidly rising consumer base of mobile computing devices such as smartphones and tablet computers. The internet, mobile applications, and social media are also reshaping how the real estate industry connects with consumers and how the consumers manage their daily lives. The move towards mobility has compelled real estate companies, agents, and realtors as well to move ahead of just adapting with the change. Most parties involved in the real estate sector are developing mobile versions of their websites and many companies are also developing specific apps to tackle a larger consumer base.
In the near future, IT will continue to bring vast changes to the way the real estate sector operates or approaches its potential clients. There are a vast range of benefits that the rapid integration of IT principles and tools into the real estate sector ensure. However, the shift from face-to-face meetings to digital data delivery raise the concern of losing touch with consumers in a conventionally people-centered business.
Global IT in Real Estate Market: Overview
The influx of various real estate-based mobile applications is paving way for organizations in the real estate sector to broadly consider how technology can make their profitability greater. The demand for IT solutions across real estate is likely to increase owing to their benefits such as the smooth conduct of various business processes and efficient information management. These solutions are used for various enterprise applications such as enterprise resource planning, business intelligence, customer relationship management, and business process management. The services offered by them include integration and deployment, maintenance and support, and consulting. The rapid advancements in the cloud technology are providing a significant boost to the growth of the global IT in real estate market.
The report provides a concise analysis of the global IT in real estate market. It performs an in-depth assessment of the dynamics of the market. It…