Due to digitization efforts in various industries, the real estate market also attracted its share of technology incumbencies. While there exist a plethora of solutions for real estate technology developed by PropTech firms, several essential trends will shape the marketplace in 2019.
Blockchain has had the most significant impact on the real estate sector by revolutionizing the way transactions are made. Blockchain will add liquidity to the property market and enable real estate transactions to be made in a more straightforward and less regulated system. Big data helps the real estate sector in finding the wants, needs, and even the interest of users to better adapt to their profiles. Today companies are utilizing big data to make better decisions and strategic business moves. With geolocation tech, real estate developers can now make far more accurate valuations so that decisions on how much might be spent on property become less of a game of chance and more of a practical, economics-based strategy. The use of technologies like AR/ VR and drones can radically enhance the customer experience while choosing, managing, and using any property. VR can allow potential home buyers to be shown a home even from thousands of miles away, without their needing to leave their current location. AR apps can also let an agent highlight or more intimately describe parts of a home to a touring prospect.
PropTech is shaping the future of the real estate market. This edition of APAC CIO Outlook features companies that are at the forefront of offering PropTech solutions. APAC CIO Outlook’s editorial board has assessed and shortlisted some of the most prominent organizations in the industry such as Zweispace, Galileo Software Services, and AES Technologies. We present to you – “Top 10 PropTech Solution Providers – 2019”.
