Global Real Estate Agency and Brokerage Market Report (2021 to 2030) - COVID-19 Impact and Recovery - ResearchAndMarkets.com

The "Real Estate Agency and Brokerage Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering.

This report provides strategists, marketers and senior management with the critical information they need to assess the global real estate agency and brokerage market as it emerges from the COVID-19 shut down.

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%.

Companies Mentioned

• CBRE Group
• Jones Lang LaSalle Inc
• Newmark Grubb Knight Frank
• Keller Williams
• Century 21

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
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• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on the latest market research findings.
• Benchmark performance against key competitors.
• Utilize the relationships between key data sets for superior strategizing.
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Asia Pacific was the largest region in the global real estate agency and brokerage market, accounting for 53% of the market in 2020. North America was the second largest region accounting for 23% of the global real estate agency and brokerage market. Africa was the smallest region in the global real estate agency and brokerage market.

Real estate companies are 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. For instance, REX, a real estate company analyses data from third parties such as Google to determine willingness of a person to buy or sell a house. WeWork, a startup that provides shared workspaces is using artificial intelligence to design its office spaces. Skyline, an Israeli company's artificial intelligence platform recommends properties to real estate investors by using data from more than 130 sources and taking into account over 10,000 different attributes on properties.

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 increasing number of rural residents migrating into cities is resulting in increasing demand for access to affordable housing and commercial spaces. This provides a significant opportunity for real estate service providers to improve housing, retail and other commercial services. Globally, around 60% of urban settlements remained to be built.

Key Topics Covered:

1. Executive Summary

2. Report Structure

3. Real Estate Agency and Brokerage Market Characteristics

4. Real Estate Agency and Brokerage Market Product Analysis

5. Real Estate Agency and Brokerage Market Supply Chain

5.1. Supply Chain

5.2. Distribution

5.3. End Customers

6. Real Estate Agency and Brokerage Market Customer Information

6.1. Customer Preferences

6.2. End Use Market Size and Growth

7. Real Estate Agency and Brokerage Market Trends and Strategies

8. Impact of COVID-19 on Real Estate Agency and Brokerage

9. Real Estate Agency and Brokerage Market Size and Growth

9.1. Market Size

9.2. Historic Market Growth, Value ($ Billion)

9.3. Forecast Market Growth, Value ($ Billion)

10. Real Estate Agency and Brokerage Market Regional Analysis

10.1. Global Real Estate Agency and Brokerage Market, 2020, by Region, Value ($ Billion)

10.2. Global Real Estate Agency and Brokerage Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Region

10.3. Global Real Estate Agency and Brokerage Market, Growth and Market Share Comparison, by Region

11. Real Estate Agency and Brokerage Market Segmentation

11.1. Global Real Estate Agency and Brokerage Market, Segmentation by Type

11.2. Global Real Estate Agency and Brokerage Market, Segmentation by Mode

12. Real Estate Agency and Brokerage Market Metrics

12.1. Real Estate Agency and Brokerage Market Size, Percentage of GDP, 2015-2025, Global

12.2. Per Capita Average Real Estate Agency and Brokerage Market Expenditure, 2015-2025, Global

For more information about this report visit https://www.researchandmarkets.com/r/p0zwso

View source version on businesswire.com: https://www.businesswire.com/news/home/20210301005755/en/