Real Estate Market to Reach Valuation of USD USD 4.6 Trillion Billion by 2028 - Rapid Adoption of Artificial Intelligence (AI) and Internet of Things (IoT) in Manufacturing Sector is Driving the Real Estate Market

Real Estate
  • Real Estate Market

In terms of revenue, the Global Real Estate Marketis expected to reach USD 4.6 Trillion by the year 2028, growing at a Compound Annual Growth Rate (CAGR) of 4.9% from 2021 to 2028.

The largest advantage for real estate management is the strategy that the websites are created that integrates with the other products in their suites (including their CRM products) with minimal effort. This helps facilitate lead flow so that your leasing staff can easily follow up on leads and turn them into leases.

The On-Premises segment is projected to expand at the fastest Compound Annual Growth Rate (CAGR) over the forecast period owing to the increasing income and to grow their personal wealth and it’s cheaper compared to delivery as more charges are levied then. The on-premises segment accounted for the largest market share in 2021. This share is further expected to grow as more and more family-owned businesses are flourishing as they have more wealth together.

Asia Pacific is the largest regional segment from 2022 to 2028. This surge is attributed to the rising income of the millennials and the willingness of people to invest in real estate.The market is comprised of a high degree of competition owing to the presence of numerous key players. Manufacturers are focusing on opting for various inorganic growth strategies such as acquisitions, mergers, and geographical expansion to leverage their market share and gain a competitive advantage.

So real estate, unlike traditional money management, requires experienced individuals who can optimize the value of properties. In fact, in many ways, real estate is a lot like a corporate CEO, running a company or a facility. The growth of this sector is well complemented by the growth in the corporate environment and the demand for office space as well as urban and semi-urban accommodations. The construction industry ranks third among the 14 major sectors in terms of direct, indirect, and induced effects in all sectors of the economy.

Asia Pacific region is poised to record the highest Compound Annual Growth Rate (CAGR), owing to the increasing individual’s personal income. The U.S. alone is the fastest-growing country in the Real Estate Market. However, as the number of competitors has grown drastically over the past few years and has created a sense of completion in the market for their share, has brought down the prices, which is expected to drive the deployment.

Some of the key players dominating the GlobalReal Estate MarketincludeBrookfield Asset Management Inc., ATC IP LLC., Prologis, Inc., Simon Property Group, L.P., Coldwell Banker, RE/MAX, LLC., Keller Williams Realty, Inc., CBRE Group, Inc., Sotheby’s International Realty Affiliates LLC., Colliers and others.