Generative Artificial Intelligence (AI) In Real Estate Market Forecast 2025-2034: Growth Dynamics, Emerging Trends, and Strategic Opportunities
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
How Are Key Drivers in the Industry Acting as Catalysts for the Growth of theGenerative Artificial Intelligence (AI) In Real Estate Market?
The increase in demand for new buildings is projected to boost the expansion of the generative artificial intelligence (AI) in the real estate market. The rise in new constructions is due to population growth, urbanization, and the need for modernized infrastructure and dwellings to suit evolving lifestyles and economic circumstances. Generative AI in real estate enhances construction by refining building designs, automating planning operations, and forecasting material requirements, which leads to more effective and cost-saving project management. For instance, in February 2023, the UK-based statistics authority, the Office for National Statistics, reported a 5.6% growth in annual construction output in 2022 compared to 2021, following a record surge of 12.8% in 2021. Hence, the increasing demand for new constructions is propelling the development of the generative artificial intelligence (AI) in the real estate sector.
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#What is the Growth Potential of the Generative Artificial Intelligence (AI) In Real Estate Market, and How Will It Perform by 2034?
The market size for generative artificial intelligence (AI) within the real estate industry has experienced significant growth over recent periods. The anticipation is that it will inflate from $0.59 billion in 2024 to $0.77 billion by 2025, following a compound annual growth rate (CAGR) of 30.7%. This profound growth historically is mainly due to the surge in urbanization, a growing need for customized property, an increased adoption rate of intelligent building technologies, increased access to data and a rise in investment into AI research and development.
The real estate sector’s generative artificial intelligence (AI) market size is anticipated to witness a significant surging trend in the upcoming years, with an expected valuation of $2.23 billion by 2029, courtesy of an impressive compound annual growth rate (CAGR) of 30.4%. Factors propelling the growth in the predicted period include a mounting need for new buildings, a rise in disposable income, an increasing count of proptech enterprises, and a burgeoning demand for platforms and customization. Key future trends consist of technological progression, the incorporation of smart homes, property security systems, enhanced reality, and virtual tours.
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What Are the Current Market Growth and Trends in theGenerative Artificial Intelligence (AI) In Real Estate Market That Industry Players Should Watch?
Prominent firms in the generative artificial intelligence (AI) in real estate market are creating AI-driven real estate assistant systems aimed at enhancing property evaluation precision, simplifying transaction procedures and boosting customer interaction. A generative AI-powered real estate assistant signifies an innovative digital aide designed to support various operations in the real estate sector utilizing AI technologies. For example, in June 2024, Keller Williams Realty Inc., a corporation based in the United States focusing on real estate, introduced KWIQ, a generative AI-enhanced real estate assistant. The main objective of KWIQ is to enhance the efficacy and productivity of real estate brokers by equipping them with a range of tools and features. KWIQ helps agents compose diverse types of content like newsletters, posts on social media, and listing descriptions, thus making their marketing endeavors more efficient. It is designed to enable agents to perform more intelligently, efficiently and improve their capabilities to serve clients.
What Are the Major Market Players Making an Impact on theGenerative Artificial Intelligence (AI) In Real Estate Market Growth?
Major companies operating in the generative artificial intelligence (AI) in real estate market are Compass Inc., Rocket Companies, Autodesk Inc., Zillow Group Inc., Yardi Systems Inc., Redfin Corporation, C3.ai Inc., DataRobot Inc., Keller Williams Realty Inc., Matterport Inc., H2O.ai Inc., Matellio Inc., Rex Real Estate Exchange Inc., LocalizeOS Inc., HouseCanary Inc., Hyro Inc., BigOhTech Inc., Roof Ai Inc., RisingMax Inc., SmartZip Analytics Inc., Entera Inc.
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How Are the Key Segments of the Generative Artificial Intelligence (AI) In Real Estate Market Driving Opportunities and Innovations?
The generative artificial intelligence (AI) in real estate market covered in this report is segmented –
1) By Component: Services; Software Tools; Platforms
2) By Deployment Mode: Cloud-Based; On-Premises
3) By Application: Property Valuation; Building Design; Predictive Maintenance; Energy Management; Other Applications
4) By End-User: Real Estate Agents; Property Managers; Architects; Engineers; Other End-Users
Subsegments:
1) By Services: Consulting Services; Integration Services; Support and Maintenance Services; Data Analytics Services
2) By Software Tools: AI-Powered Property Valuation Tools; Predictive Analytics Software For Market Trends; AI-Based Investment Tools; Virtual Property Tours And Visualization Tools
3) By Platforms: AI-Driven Real Estate Platforms; Cloud-Based Property Management Platforms; AI-Based Real Estate Marketplaces; Real Estate CRM Platforms With AI Integration
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What Regions Are At the Forefront of #How Are Key Drivers in the Industry Acting as Catalysts for the Growth of theGenerative Artificial Intelligence (AI) In Real Estate Market?# Market Expansion?
North America was the largest region in the generative artificial intelligence (AI) in real estate market in 2024. The regions covered in the generative artificial intelligence (AI) in real estate market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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