In tandem with the technological revolution at a break-neck pace, the architecture, engineering, and construction industry has been experimenting with the use of data analytics for long now. Be it using them for enhancing project communication to leveraging them as public-facing tools to build excitement and attract investment for projects, to analyzing customer segment and accordingly contacting the right channel partners to crack better deals for their customers, real estate analytics is playing a critical role in changing the way the industry operates.
In regard to this rapidly evolving market scenario, the real estate market is expected to reach $5388.87 billion in 2026 at a CAGR of 9.6 percent. This massive market growth can be mainly attributed to the increasing deployment of data science technologies that are enabling real estate companies to yield more lucrative revenue and help clients in making informed decisions when it comes to investing in property.
Acknowledging these revolutionizing trends in the real estate industry, the latest edition of PropTech Outlook brings forth the most influential developments in the real estate analytics space that are redefining real estate dealings by great lengths. It features thought leadership articles from Will Adams, Emerging Technologies Developer, Mortenson, who sheds light on how offering virtual reality tours can help real estate clients make faster, smarter, and more informed decisions. It also features opinions from Carolina Wachtmeister, Head of Digital Transformation and Service Development at Newsec, who highlights the importance of IoT and other sensor-based technologies, which are enabling property managers and real estate professionals to facilitate seamless communication of building data, prompting them to further enhance their operations and processes.
Together with these highly critical insights from industry experts, the edition also underlines the top real estate analytics solution providers from the most promising companies on the rise, including CoreLogic, a company overhauling the entire real-estate world by empowering agents, lenders, and carriers with integrated solutions that are optimizing customer service. We hope this edition will help you find the right real estate analytics solution provider that will authorize you to promote healthy housing markets and thriving communities.