CoStar Group Strengths, Domain Expertise, and Key Differentiators
CoStar Group's technology platform combines cloud-native architecture, AI, and advanced analytics to support real-time data updates and large-scale performance. Built on AWS, the infrastructure uses Amazon EKS and DynamoDB to deliver fast response times and manage millions of users and property records efficiently. The integration of Matterport’s spatial intelligence adds AI-powered insights and 3D digital twin capabilities, drawing on a vast spatial data library for enhanced property visualization. CoStar’s brand portfolio spans commercial and residential real estate, with strong growth across platforms such as CoStar, LoopNet, Apartments.com, and the expanding Homes.com, which has scaled its sales force and maintains a high demo-to-close conversion rate.
CoStar Group Recent Developments
CoStar Group's leadership transformation reflects its commitment to enhanced governance and strategic oversight. In April 2025, CoStar Group appointed three new independent directors to its board: John Berisford, formerly of S&P Global; Rachel Glaser, former CFO of Etsy; and Christine McCarthy, Disney's former CFO. Louise Sams assumed the role of independent Board Chair, bringing extensive legal expertise from her tenure as general counsel of Turner Broadcasting System. These appointments align with the establishment of a new Capital Allocation Committee designed to provide comprehensive oversight of significant investments, including the company's substantial commitment to Homes.com's growth trajectory. Andy Florance, the company's founder and CEO, continues to drive innovation after nearly four decades of industry leadership since founding CoStar Group in his dorm room in 1986.
CoStar Group Mergers and Acquisitions (M&A) Activities
CoStar Group's aggressive acquisition strategy demonstrates its commitment to consolidating market-leading technologies and expanding geographic reach through strategic investments. The February 2025 completion of the Matterport acquisition for $1.6 billion represents a pivotal moment in the company's evolution toward AI-powered spatial intelligence. This transaction brings together Matterport's 3D digital twin technology with CoStar's vast property database, creating unprecedented capabilities for immersive property exploration and data-driven insights.
The company's international expansion accelerated with the May 2025 announcement of a binding agreement to acquire Domain Holdings Australia Limited, the leading Australian property marketplace, for approximately A$3.0 billion in enterprise value. This strategic move positions CoStar Group to leverage Domain's established market presence across Australia's residential property sector, extending the company's geographic footprint into a key Asia-Pacific market. The acquisition follows CoStar's successful integration of OnTheMarket, the UK's third-largest residential property portal, acquired in December 2023 for £99 million.
The agricultural technology sector represents another growth vector through the February 2025 acquisition of Ag-Analytics, enhancing CoStar's Land.com platform with comprehensive farmland data capabilities. This strategic addition incorporates AcreValue's 2.8 million parcel valuations and 1.5 million registered users, positioning CoStar to address the $3.4 trillion farm-sector real estate market.
Additional acquisitions include Visual Lease, a premier lease management platform serving over 1,500 organizations, completed in November 2024, and Business Immo, France's leading commercial real estate news service, acquired in April 2022.
CoStar Group Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying CoStar Group applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of CoStar Group and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified CoStar Suite, CoStar Real Estate Manager customers.
CoStar Group Overview
1201 Wilson Blvd
Arlington, VA, 22209, United States
1 888-226-7404
https://www.costargroup.com/
Ownership: - NASDAQ: CSGP
Number of Employees: 6593
Functional Markets: Analytics and BI, Content Management, CRM, eCommerce, ERP Financial, ERP Services and Operations, PPM,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, Construction and Real Estate, CPG, Distribution, Education, Government, Healthcare, Insurance, Leisure and Hospitality, Life Sciences, Manufacturing, Media, Non Profit, Oil Gas Chemicals, Professional Services, Retail, Transportation, Utility,
CoStar Group Key Enterprise and Cloud Applications
CoStar Suite, CoStar Real Estate Manager
CoStar Group Revenues, $M:
| Type/Year | 2023 | 2024 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
CoStar Group Revenue Breakdown By Type, $M:
CoStar Group Enterprise Applications Revenues By Functional Markets, $M:
CoStar Group Enterprise Applications Revenues By Verticals, $M:
CoStar Group Revenues By Region, $M
| Region | % of Total Revenues | 2024 Total Revenues, $M | 2024 Enterprise Applications Revenues, $M | 2024 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
CoStar Group Direct vs Indirect sales
| Type | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
CoStar Group Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified CoStar Group Customers
No. of CoStar Group Customers: x
No. of CoStar Group Enterprise Applications Customers: x
No. of CoStar Group Cloud Customers: x
No. of CoStar Group Cloud Subscribers: x
CoStar Group supports a global client base of over one million and attracts more than 134 million average monthly unique visitors, serving sectors such as government, real estate, investment, development, and property management. Its commercial platforms, including LoopNet and CoStar, continue to hold strong market positions, offering broad exposure and deep data analytics. In residential real estate, Homes.com has seen rapid growth and increased consumer awareness following a major relaunch and marketing push, translating into high sales conversion rates.
International expansion has further diversified the business, with OnTheMarket strengthening its presence in the UK, a pending acquisition in Australia expanding capabilities in residential listings, and Business Immo, along with operations in Germany and Spain, supporting continued growth across Europe.
CoStar Group Market Opportunities, M&A and Geo Expansions
CoStar Group is positioned to tap into the vast global real estate digitization market, with over four billion buildings representing a multi-trillion-dollar opportunity. The company's AI-powered tools and digital twin technologies address the growing demand for data-driven insights across commercial, residential, and agricultural sectors. By combining Matterport’s computer vision with CoStar’s property database, the platform delivers advanced analytics for valuation, market trends, and investment strategies.
Growth continues through international expansion and acquisitions, including a pending move into the Asia-Pacific market and established operations in Europe. Additional potential lies in agricultural real estate via Ag-Analytics and in IoT-enabled smart building integrations that enhance data collection and operational efficiency.
CoStar Group Risks and Challenges
CoStar Group’s growth strategy, particularly its significant investment in Homes.com, carries execution risks that require disciplined capital oversight, addressed through a dedicated Capital Allocation Committee. While Homes.com shows strong sales performance and rising market awareness, competing against established residential platforms demands sustained investment. Broader competitive pressures exist across commercial and residential segments, with entrenched players in the UK and US posing challenges to market share growth. International expansion introduces regulatory and integration complexities, especially in markets with strict foreign investment rules, and the successful integration of recent acquisitions requires focused management to achieve expected synergies. Economic fluctuations in real estate markets also pose potential risks to demand for the company's data and analytics services.
CoStar Group Ecosystem, Partners, Resellers and SI
CoStar Group’s ecosystem strategy combines direct sales with strategic technology partnerships to enhance platform capabilities and expand market reach. It operates field offices across key regions including the US, Canada, the UK, Spain, France, and Germany, supported by centralized inside sales teams to balance local expertise with operational efficiency. Partnerships like the Visual Lease and Workday collaboration integrate lease management with financial software, while extensive use of AWS services supports scalable, real-time data processing globally.
Alliances with firms such as eXp Commercial extend distribution through brokerage networks, and integrations with enterprise platforms like Oracle and Microsoft Azure ensure compatibility with diverse customer environments. The platform’s comprehensive data sharing fosters network effects, improving data quality and market liquidity as user participation grows.
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
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