Business of real estate is reaching at the nascent stage with the advanced technology and in the forecasted period the technologies has turned up the industry more significantly. According to the report analysis, ‘Market Research Reports For Real Estate’ states that the technology has transform the market of real estate and change the process of buying and selling the properties. Moreover, the internet of things (IoT) already made retail supply chain management more effective and effect the shopping experience with greater accuracy than even before. The key vendors the working efficiently with the more developed technologies and projected so many innovations which enhance the market of real estate and offer better experience to the users. With the usage of smart phones, the technology of IoT has turning up more significantly in this industry which makes the market more attractive and increase the sell. With the help of IoT data streams to create traffic solutions that offer alternate routes even reduce air pollution to improve city health as IoT allows while sitting at home any one can buy and sell the property.
In the recent trend, this technology has become an integral part of everyone lives and affected by it as it affects the way we live and the way we do business. Not only has this, this real estate industry has been changed the most with the usage of this technology in the smart phones. In a research, it is observed that 92% of the people used the IoT while searching for a home and 54% searched with the mobile device. Whereas, the mobile apps are becoming utmost popular among buyers and 57% of the population used the mobile apps in their search for a property. According to the report analysis, ‘Real Estate Industry Research And Market Reports’ states that the sellers can easily interact with the buyers online on their devices and the advanced technology evolution is the IoT also known as Physical Web. Moreover, the IT companies are working for enhancing the security measure and doing so many surveys related to this technology and makes the market more profitable. The internet to things has proven a sustainable growth in this market and leads the growth to the real estate market. This also enhances the opportunities for the local sellers and buyers.
In the developed countries are dominating the handsome of share in this market. The North America region is the fastest growing economy in this market and expected to acquire highest amount of share in the real estate market. Moreover, the Europe is also expected to grow more significantly than the other countries and Asia Pacific region is doing so many projects related to this technology and it is anticipating that in the forecasted period to rise with the more development in the technology and more innovations in the applications of this technology. Not only has this, many of the key vendors are winding up with the IT companies and make the market more attractive. Therefore, in the coming years it is expected that the market will grow more significantly over the decades as this technology totally eliminate the middle man and reduce the cost.
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Ankur Gupta, Head Marketing & Communications