According to the report titled ‘Global Real Estate CRM Software Market Size study, by Type (PC, Mobile, Cloud) by Application (Small Business, Medium Business, Large Business) and Regional Forecasts 2020-2027’, available with Market Study Report, global real estate CRM software market is expected to record substantial growth during 2020-2027.
 

Surging demand due to growing real estate sector globally and advantages offered by software like cost efficacy as well as ease of use are the key factors driving the growth of global real estate CRM software market.
 

For those uninitiated, real estate CRM software is a contact management system designed to help real estate industry professionals to maintain all customer information in a single database. The software allows industry agents to work smoothly with their associates, simply because the details are kept in just one location.
 

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According to India Brand Equity Foundation (IBEF), by 2030 the real estate industry in India is projected to reach USD 1 trillion from USD 120 billion in 2017, and will account for over 13% of the country's GDP of by the year 2025. Growing investment in real estate around the world is propelling global real estate CRM software market size.
 

In addition, by managing promotions and marketing strategies, addressing customer inquiries by enabling leads to be created from multiple customer interaction points, prioritizing intelligence-based leads, and managing centralized prospect contact with customers, CRM plays a vital role in the real estate sector. Introduction of cloud-based services and growing use of IoT and Big Data have contributed to real-estate industry revolution, thereby stimulating global real estate CRM software market trends.
 

However, concerns regarding security issues are likely to impede the growth of global real estate CRM software industry over the forecast timespan.
 

Citing regional landscape, worldwide real estate CRM software market is segmented into Latin America, Europe, North America, Asia Pacific, and Rest of the World. The report states that North America currently holds considerable share of the overall market and is expected to expand further over the assessment period. The regional growth is credited to rising disposable income of individuals and high penetration of Big Data and IoT services in the region.
 

Meanwhile, Asia Pacific real estate CRM software industry is poised to register notable gains by the year 2027, on account of rapid urbanization, rising disposable income, and growing real estate sector.
 

Leading organizations impacting global real estate CRM software market dynamics are Top Producer Systems Co., IXACT Contact Solutions Inc., Propertybase, Magna Computer Corporation, KW Team Leads, BoomTown, PlanPlus Online, Bitrix24, Zoho CRM, and Pipedrive.