The Global Real Estate Agency and Brokerage Market Report by The Business Research Company Covers Real Estate Agency and Brokerage Market Drivers And Restraints, Real Estate Agency and Brokerage Market Size, Major Players, And The Impact Of COVID-19 On The Real Estate Agency and Brokerage Market.
The real estate agency and brokerage services market consists of sales of real estate and brokerage services by entities (organizations, sole traders and partnerships) that act as agents and/or brokers for real estate activities. The real estate agency and brokerage services market is segmented into residential buildings and dwellings brokers, non-residential buildings brokers, mini warehouses and self-storage units brokers, and other brokers.
Economic growth and a rapidly growing urban population is expected to increase the demand for residential and commercial buildings brokers, during the forecast period.
The global real estate agency and brokerage market is expected to grow from $960.12 billion in 2020 to $1008.95 billion in 2021 at a compound annual growth rate (CAGR) of 5.1%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1351.1 billion in 2025 at a CAGR of 8%.
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Some real estate agency and brokerage market trends include real estate companies investing in artificial intelligence applications to perform various functions such as property search, building management and design. Artificial intelligence is helping real estate companies to find people looking to buy or sell properties, find a suitable property based on customer requirements, redesign office spaces based on user behavior. According to a research conducted by Drooms, AI technology provider around 54% of property professionals surveyed already use artificial intelligence to improve keyword search and 69% believe AI gives their companies competitive advantage by enabling high speed search of documents.
Global real estate agency and brokerage market segments include:
1) By Type: Residential Buildings And Dwellings Brokers, Non-Residential Buildings Brokers, Mini warehouses And Self-Storage Units Brokers, Other Brokers.
2) By Mode: Online, Offline.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific accounts for the largest global real estate agency and brokerage market share.
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The Real Estate Agency and Brokerage Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides real estate agency and brokerage market overviews, analyzes and forecasts market size, share, real estate agency and brokerage market players, real estate agency and brokerage market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The real estate agency and brokerage market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Real Estate Agency and Brokerage Global Market Report 2021: COVID-19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: CBRE Group, Jones Lang LaSalle Inc, Newmark Grubb Knight Frank, Keller Williams, Century 21.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The real estate agency and brokerage Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The real estate agency and brokerage Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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