Proptech 2021

CBRE has identified six disrupting technologies that are currently reshaping businesses worldwide and significantly impacting real estate

Software-as-a-Service (SaaS) / Cloud computing

The global SaaS market is expected to grow at about 15% CAGR between 2019-22 to USD 230 billion

Artificial Intelligence (AI)

AI is likely to contribute nearly USD 15.7 trillion to the global economy by 2030 through productivity gains and consumption side effects

Internet of Things (IoT)

The number of IoT-connected devices across the world is expected to triple from 8.7 billion in 2020 to 25.4 billion by 2030

Robotic Process Automation (RPA)

Globally, RPA software revenue is likely to reach USD 1.89 billion by 2021, growing by 19.5% y-o-y. The RPA market is further forecasted to grow at double-digit rates until 2024

Virtual Reality (VR) / Augmented Reality (AR)

Together, these two technologies have the ability to raise global GDP by up to USD 1.5 trillion by 2030 as they would generate new revenue streams along with reducing operational costs

Blockchain

This technology has the potential to boost global GDP by USD 1.76 trillion by 2030

In this report, we would be analysing how these services are remodelling real estate and assess the opportunities they are creating to improve the experience of all stakeholders viz.,developers, investors, occupiers and employees.

2. Bain’s ‘India SaaS Report 2020’, December 2020 | 3.PwC’s ‘Sizing the Prize’, 2017; estimated values are expressed in real terms at 2016 prices (i.e. excluding the impact of general price inflation when looking ahead to 2030) | 4. Statista, 2020 | 5.Gartner, 2020 | 6.PwC’s ‘Seeing is Believing’, January 2020 | 7.PwC’s ‘Time for Trust: The Trillion-dollar Reasons to Rethink Blockchain’, October 2020

Artificial Intelligence (AI)

AI is likely to contribute nearly USD 15.7 trillion to the global economy by 2030 through productivity gains and consumption side effects