Artificial intelligence (AI) in real estate market is anticipated to grow at a CAGR of 10.24% during the forecast period (2023-2030). The market’s growth is attributed to advanced artificial intelligence capabilities. AI technology advancements enable it to approximate human cognitive functions and accomplish jobs in situations that are real. It results to more advanced AI apps capable of managing complicated tasks and offering significant insights in the real estate market. According to the Urban Land Institute, in September 2022, the global AI market was valued at $136.55 billion, and it is expected to grow to between $1.8 trillion and $2.6 trillion over the next decade. This growth reflects the advancement of AI technology and its increasing ability to replicate human thought processes and perform tasks in real-globe environments.
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The global artificial intelligence (AI) in real estate market is segmented on the technology, Applications, and Enterprise Size. Based on the technology, the market is sub-segmented into machine learning, natural language processing (NLP), and computer vision. Based on the Applications, the market is sub-segmented into chatbots and virtual assistants, customer behavior analytics, advanced property analysis, customer relationship management (CRM), and others. Furthermore, on the basis of enterprise size, the market is sub-segmented large enterprises, and small and mid-sized enterprises. The computer vision subcategory is expected to capture a significant portion of the market share within the technology segment. This is attributed to the growing acceptance of IoT devices and sophisticated technologies such as Big Data and machine learning, in addition to the expanding adoption of smart devices and internet services globally, are driving market growth.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Artificial Intelligence (AI) In Real Estate Market by Technology
- Machine Learning
- Natural Language Processing (NLP)
- Computer Vision
Global Artificial Intelligence (AI) In Real Estate Market by Applications
- Chatbots and Virtual Assistants
- Customer Behavior Analytics
- Advanced Property Analysis
- Customer Relationship Management (CRM)
- Others (Data Analytics And Visualization, and Lead Generation And Marketing, Property Management)
Global Artificial Intelligence (AI) In Real Estate Market by Enterprise Size
- Large Enterprises
- Small And Mid-sized Enterprises (SMEs)
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Avaamo
- ComplyAdvantage
- Kasisto, Inc.
- Kastle
- Kukun, Inc.
- com.
- Matterport, Inc.’s
- Move, Inc.
- MRI Software LLC
- National Geographic Society (NGS)
- Opendoor Labs Inc.
- Redfin Corp.
- Xignite
- Zebra Technologies Corp.
- Zillow Group
- Zonar Systems, Inc.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global artificial intelligence (AI) in real estate market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies. Competitive strategies by identifying ‘who-stands-where’ in the market.
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