Top 10 Construction and Real Estate Software Vendors, Market Size and Market Forecast 2021-2026

Worldwide Construction and Real Estate Applications Market to reach $19.9 billion by 2026, compared with $17.3 billion in 2021 at a compound annual growth rate of 5.9%.

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In 2021, the top 10 Construction and Real Estate software vendors accounted for nearly 37.2% of the global Construction and Real Estate applications market (Construction and Real Estate) which grew 15.4% to approach nearly $17.3 billion in license, maintenance and subscription revenues.

RealPage was the market leader with a 6.8% market share in license, maintenance and subscription revenue, followed by Oracle, Microsoft, Intuit and Yardi.

We ask the simple question: Who’s buying Construction and Real Estate applications from whom and why? And we provide the answers – supported by decades of research – to our clients around the world. (Sample from our Apps Database)

2021 Construction and Real Estate Applications Market Shares Split By Top 10 Construction and Real Estate Vendors and Others
Exhibit 1 – 2021 Construction and Real Estate Applications Market Shares Split By Top 10 Construction and Real Estate Vendors and Others

Through our forecast period, the Construction and Real Estate applications market size is expected to reach $19.9 billion by 2026, compared with $17.3 billion in 2021 at a compound annual growth rate of 5.9%.

Exhibit 2: Worldwide Construction and Real Estate Software Market 2021-2026 Forecast, $M
Year202120262021-2026 CAGR, %
Total17284199045.9%

Source: Apps Run The World, October 2022

Top 10 Construction and Real Estate Software vendors

Construction and Real Estate (Contracting and building of commercial, public, and residential structures, real estate management) – Bidding, cost estimates, Time Tracking, Homebuilder Software, Quantity Takeoff Software, Property Management, Financials, HR, Procurement

The consolidation wave among ISVs that specialize in construction will limit options for buyers. The latest is Oracle buying Textura for building information management. A robust rental market will help drive apps that better manage properties for landlords and REITs.

Here are the rankings of the top 10 Construction and Real Estate software vendors in 2021 and their market shares.

RankVendor2020 Construction and Real Estate Apps Revenues, $M2021 Construction and Real Estate Apps Revenues, $MYoY Growth2021 Construction and Real Estate Apps Market Share, %Recent Developments
1RealPage Subscribe Subscribe1.7% SubscribeRealpage is targeting 62 million rental units for its real-estate management apps and $1B in revenues by 2020. RealPage currently serves more than 12,400 clients worldwide from offices in North America, Europe and Asia.
2Oracle Subscribe Subscribe4.8% SubscribeIn July 2022, Oracle released Oracle Construction Intelligence Cloud Analytics. This data analytics application analyzes construction projects from scheduling to accounting to material availability using information from its Smart Construction Platform, which includes Oracle applications such as Aconex and Oracle Primavera Cloud.
3Microsoft Subscribe Subscribe8.9% SubscribeMicrosoft Dynamics 365 for Construction is a single intelligent cloud solution that gives a comprehensive view of the construction company. Contractors can monitor construction while also managing all of the resources required to accomplish the job. All of construction-specific capabilities, such as critical project accounting, job quoting, project management, labour and equipment resource management, subcontract management, job material planning, and customer relationships, are all integrated into one database in Dynamics 365, allowing users to easily manage their business roles and responsibilities.
4Intuit Inc. Subscribe Subscribe27.4% SubscribeIntuit serve more than 100 million customers and generated revenue of $12.7 billion in fiscal year which ended July 31, 2022.
5Yardi Subscribe Subscribe10.0% SubscribeIn a strategic move to continue the expansion of one of the fastest-growing commercial real estate data and marketing services suite, Yardi has acquired 42Floors.com, the popular commercial real estate listing service for tenants and brokers. The 42Floors.com site joins the CommercialEdge network of marketplaces comprised of Point2, CommercialSearch, CommercialCafe and PropertyShark. The well-established network draws 2 million visits to commercial property pages each month and generates more than 200,000 leads per year. Yardi has 20,000 customers, over 3000 of them are running Yardi SaaS applications.
6Bentley Systems Subscribe Subscribe17.6% SubscribeIn February 2022, Bentley Systems acquired Power Line Systems, a leader in software for the design of overhead electric power transmission lines and their structures. The firm’s acquisition was completed from private equity firm TA Associates for approximately $700mn in cash. Currently, Bentley Systems has more than 4,500 employees and generates annual revenues of more than $800mn across 172 countries.
7Constellation Software Inc. Subscribe Subscribe25.7% SubscribeIn August 2022, Constellation HomeBuilder Systems introduced BuildTopia Marketing, an email marketing tool for residential home builders enabling them to create marketing campaigns and send emails with just a few clicks. This module is available exclusively as part of the company’s BuildTopia Enterprise offering.
8Procore Subscribe Subscribe28.7% SubscribeIn November 2021, Procore acquired Levelset. This acquisition will add lien rights management to the Procore platform, enabling Procore to manage complex compliance workflows and improve the payment process in construction. Over 2 Million registered Procore users across the globe manage all types of construction projects.
9Trimble Subscribe Subscribe16.2% SubscribeIn September 2022, Trimble acquired privately-held B2W Software, a provider of estimating and operations solutions for the heavy civil construction industry, to expand its civil construction portfolio and Trimble Construction One, a purpose-built connected construction management platform.
10CoStar Group Subscribe Subscribe17.2% SubscribeCoStar Group has expanded and continues to expand the coverage and depth of its information, analytics and online marketplace services. In addition to organic growth, the company has grown its business through strategic acquisitions. During FY2021, the company acquired Homes.com, Comreal Info, and BureauxLocaux.
Subtotal Subscribe Subscribe12.9% Subscribe
Other Subscribe Subscribe16.9% Subscribe
Total149741728415.4%100%

Source: Apps Run The World, October 2022

Other Construction and Real Estate software providers included in the report are: Adobe, ADP, Ansys Inc., AppFolio, Arcoro, Atlassian, Autodesk, AVEVA Group, Bluebeam, Brokermint, Buildertrend, Cisco Systems, Citrix, Computer Methods International Corp., Construction Industry Solutions Corp., CoStar Group, Dassault Systemes, Dropbox, ECi Software Solutions, Entrata, Eque2, eSUB Construction Software, FieldAware, FINALCAD, Foundation Software, Google, HCSS, Hemlane, Hexagon, IBM, iLease Management LLC, Infor, iOFFICE, Inc., JDM Technology Group, Lease Harbor, LeaseCalcs, Inc., MRI Software LLC, Nemetschek Group, Newforma, Nice Systems, Open Text Corporation, Paycom, PayProp, Pegasystems, Penta Technologies, Inc., PlanData Systems Corp, Procore, Property Matrix, Propertybase, Raken, RedTeam Software, LLC, Re-Leased Software Company Ltd, RemoteLandlord, Rent Manager by London Computer Systems, RIB Software SE, Rockwell Automation, Roper Technologies, Inc., Salesforce, ServiceNow, Siemens Digital Industries Software, SolarWinds, Sopra Steria Group SA, TenantCloud, Teradata Corporation, The Innovation Group, Twilio, Verint Systems Inc., Visma, Vonage, VTS (ex Hightower), Workday, Yonyou, Zego(formerly PayLease), and others.

Custom data cuts related to the Construction and Real Estate Applications market are available:

  • Top 700+ Construction and Real Estate Applications Vendors and Market Forecast 2021-2026
  • 2021 Construction and Real Estate Applications Market By Functional Market (16 Markets)
  • 2021 Construction and Real Estate Applications Market By Country (USA + 45 countries)
  • 2021 Construction and Real Estate Applications Market By Region (Americas, EMEA, APAC)
  • 2021 Construction and Real Estate Applications Market By Revenue Type (License, Services, Hardware, Support and Maintenance, Cloud)
  • 2021 Construction and Real Estate Applications Market By Customer Size (revenue, employee count, asset)
  • 2021 Construction and Real Estate Applications Market By Channel (Direct vs Direct)
  • 2021 Construction and Real Estate Applications Market By Product

Exhibit 4 shows our projections for the enterprise applications market by vertical segment, based on the buying preferences and the customer propensity to invest in new software within those industries as they continue to upgrade and replace many legacy industry-specific applications that have been identified and tracked in our Buyer Insight Database.

Worldwide Enterprise Applications Market Forecast 2021-2026, By Vertical Market, $M
Exhibit 4 – Worldwide Enterprise Applications Market Forecast 2021-2026, By Vertical Market, $M

Construction and Real Estate Software Purchases Win/Loss Analysis As Part Of Enterprise Applications Buyer Insight Customer Database

On the buyer side, customers are investing in Construction and Real Estate systems based on new features and capabilities that are expected to replace their existing legacy systems. In many cases, competitive upgrades and replacements that could have a profound impact on future market-share changes will become more widespread.

Since 2010, our global team of researchers has been studying the patterns of the latest Construction and Real Estate software purchases by customers around the world, aggregating massive amounts of data points that form the basis of our forecast assumptions and perhaps the rise and fall of certain vendors and their products on a quarterly basis.

Updated continuously, our database features extensive win/loss analysis. Each year our research team identifies tens of thousands of these Construction and Real Estate customer wins and losses from public and proprietary sources.

The research results are being incorporated into regular updates in our Enterprise Applications Buyer Insight Customer Database. You can access the Quarterly Win/Loss Analysis Scoreboard and our Enterprise Applications Buyer Insight Customer Database by becoming a subscriber.

CustomerIndustryEmpl.RevenueCountryVendorNew ProductCategory
STADT UND LAND Wohnbauten-Gesellschaft mbHConstruction and Real Estate646$350.0MGermanyAareonAareon Blue EagleProperty Management
degewo AGConstruction and Real Estate1100$250.0MGermanyAareonAareon Blue EagleProperty Management
LEG ImmobilienConstruction and Real Estate1400$200.0MGermanyAareonAareon CRMCRM
ADLER Real Estate AGConstruction and Real Estate716$423.0MGermanyAareonAareon Wodis SigmaProperty Management
Wohnungsgesellschaft mbHConstruction and Real Estate580$150.0MGermanyAareonAareon Wodis SigmaProperty Management
ROCO Management LLCConstruction and Real Estate320$50.0MUnited StatesAppFolioAppFolio LisaChatbots and Conversational AI
Windermere Services CompanyConstruction and Real Estate6500$1.70BUnited StatesAppFolioAppFolio Property ManagerProperty Management
Century 21 Judge FiteConstruction and Real Estate1000$500.0MUnited StatesAppFolioAppFolio Property ManagerProperty Management
Renters WarehouseConstruction and Real Estate500$150.0MUnited StatesAppFolioAppFolio Property ManagerProperty Management
Invesco LtdConstruction and Real Estate4000$1.00BUnited StatesAltus GroupARGUS EnterpriseProperty Management
Goldman Sachs Realty Management, L.P.Construction and Real Estate1000$700.0MUnited StatesAltus GroupARGUS EnterpriseProperty Management
PGIM Real EstateBanking and Financial Services1100$400.0MUnited StatesAltus GroupARGUS EnterpriseProperty Management
American Assets Trust Inc.Construction and Real Estate190$344.0MUnited StatesAltus GroupARGUS EnterpriseProperty Management
Cushman & Wakefield plcConstruction and Real Estate53000$8.80BUnited StatesCoStarCoStar Real Estate ManagerProperty Management
Jones Lang LaSalle IncorporatedConstruction and Real Estate91000$16.59BUnited StatesCoStarCoStar Real Estate ManagerProperty Management
Carrington at Park Lakes, part of Venterra RealtyConstruction and Real Estate600$400.0MUnited StatesCoStarCoStar Real Estate ManagerProperty Management
CBRE Group, Inc.Construction and Real Estate100000$23.89BUnited StatesCoStarCoStar Real Estate ManagerProperty Management
The Woda GroupConstruction and Real Estate350$66.0MUnited StatesIntuitIntuit Quickbooks EnterpriseERP Financial
Aspen Heights PartnersConstruction and Real Estate410$83.0MUnited StatesIntuitIntuit Quickbooks EnterpriseERP Financial
Action Property ManagementConstruction and Real Estate500$50.0MUnited StatesIntuitIntuit Quickbooks EnterpriseERP Financial
British Land PLCConstruction and Real Estate650$639.0MUnited KingdomMicrosoftMicrosoft 365Collaboration
Arbor Realty TrustConstruction and Real Estate532$349.0MUnited StatesMicrosoftMicrosoft 365Collaboration
Heritage Texas PropertiesConstruction and Real Estate400$35.0MUnited StatesMicrosoftMicrosoft 365Collaboration
Union Properties PJSCConstruction and Real Estate5540$1.15BUnited Arab EmiratesMicrosoftMicrosoft Dynamics 365 for Finance and OperationsERP Financial
Douglas EllimanConstruction and Real Estate7000$784.0MUnited StatesMicrosoftMicrosoft Dynamics 365 for Finance and OperationsERP Financial
m3propertyConstruction and Real Estate180$18.0MAustraliaMicrosoftMicrosoft Dynamics 365 MarketingMarketing Automation
Equity Residential of Beneficial InterestConstruction and Real Estate2600$2.57BUnited StatesMRI SoftwareMRI CRE Lease AccountingLease Management
Kimco Realty CorporationConstruction and Real Estate502$1.16BUnited StatesMRI SoftwareMRI CRE Lease AccountingLease Management
TranswesternConstruction and Real Estate2027$500.0MUnited StatesMRI SoftwareMRI CRE Lease AccountingLease Management
AvalonBay Communities, Inc.Construction and Real Estate3122$2.32BUnited StatesMRI SoftwareMRI Platform XProperty Management
Healthpeak Properties, IncConstruction and Real Estate217$1.64BUnited StatesMRI SoftwareMRI Platform XProperty Management
American Campus Communities IncConstruction and Real Estate3096$893.0MUnited StatesMRI SoftwareMRI Platform XProperty Management
WinnCompaniesConstruction and Real Estate3000$700.0MUnited StatesRealPageRealPage AccountingProperty Management
Allied Orion GroupConstruction and Real Estate500$100.0MUnited StatesRealPageRealPage AccountingProperty Management
West Side Federation for Senior and Supportive Housing, IncConstruction and Real Estate300$49.0MUnited StatesRealPageRealPage AccountingProperty Management
GreystarConstruction and Real Estate19000$7.00BUnited StatesRealPageRealPage Lead2LeaseLease Management
CortlandConstruction and Real Estate1800$1.00BUnited StatesRealPageRealPage Lead2LeaseLease Management
Related CompaniesConstruction and Real Estate3000$5.00BUnited StatesRealPageRealPage OneSiteProperty Management
MEAG Munich Ergo Asset Management GmbHConstruction and Real Estate850$100.0MGermanySAPSAP S/4 HANAERP Financial
Frasers Property LimitedConstruction and Real Estate5664$2.67BSingaporeSAPSAP S/4 HANAERP Financial
Eltizam Asset Management GroupConstruction and Real Estate2110$707.0MUnited Arab EmiratesSAPSAP S/4 HANAERP Financial
Gateway Apartments, part of The Irvine Company.Construction and Real Estate4120$2.00BUnited StatesSAPSAP S/4 HANAERP Financial
Orchard Hills, an Irvine Management Company ComplexConstruction and Real Estate4120$2.00BUnited StatesSAPSAP S/4 HANAERP Financial
Sun Communities Inc.Construction and Real Estate4044$1.40BUnited StatesSAPSAP SuccessFactors Employee CentralCore HR
Stonehenge NYCConstruction and Real Estate200$32.0MUnited StatesYardiYardi BreezeProperty Management
RE/MAX, LLCConstruction and Real Estate500$282.0MUnited StatesYardiYardi GenesisProperty Management
Cousins Properties IncorporatedConstruction and Real Estate316$740.0MUnited StatesYardiYardi Investment AccountingReal Estate Investment
AEGON USA Realty Advisors, Inc.Construction and Real Estate8824$1.39BUnited StatesYardiYardi Investment ManagementReal Estate Investment
Greystar Houston Property ManagementConstruction and Real Estate19000$7.00BUnited StatesYardiYardi VoyagerProperty Management
Lincoln Property CompanyConstruction and Real Estate7300$2.00BUnited StatesYardiYardi VoyagerProperty Management
The Village Bend & Bend East, part of Lincoln Property ManagementConstruction and Real Estate7300$2.00BUnited StatesYardiYardi VoyagerProperty Management

Source: Apps Run The World, October 2022

Further Readings

An expanded version of this report covers the top 700+ Construction and Real Estate Software Vendors(Construction and Real Estate) offering in-depth analysis of the market dynamics, vendors’ Strengths, Customers, Opportunities, Risks and Ecosystems as well as their ability to gain Shares (SCORES) within their respective space. We also offer win-loss analysis of the quarterly wins of these top vendors and whether incumbents and upstarts pose any real threat to their standing amid shifting market requirements and user preferences.

More Enterprise Applications Research Findings

Based on the latest annual survey of 3,000+ enterprise software vendors, Apps Run The World is releasing a number of dedicated reports, which profile the world’s 500 largest Enterprise Applications Vendors (Apps Top 500) and the world’s 500 largest Cloud Applications Vendors (Cloud Top 500) ranked by their 2015-2021 product revenues.

Their 2021 results are being broken down, sorted and ranked across 16 functional areas (from Analytics to Treasury and Risk Management) and by 21 vertical industries(from Aerospace to Utility), as shown in our Taxonomy. Further breakdowns by subvertical, country, company size, etc. are available as custom data cuts per special request.

Research Methodology

Each year our global team of researchers conduct an annual survey of thousands of enterprise software vendors by contacting them directly on their latest quarterly and annual revenues by country, functional area, and vertical market. We supplement their written responses with our own primary research to determine quarterly and yearly growth rates, In addition to customer wins to ascertain whether these are net new purchases or expansions of existing implementations.

Another dimension of our proactive research process is through continuous improvement of our customer database, which stores more than one million records on the enterprise software landscape of over 100,000 organizations around the world.

The database provides customer insight and contextual information on what types of enterprise software systems and other relevant technologies are they running and their propensity to invest further with their current or new suppliers as part of their overall IT transformation projects to stay competitive, fend off threats from disruptive forces, or comply with internal mandates to improve overall enterprise efficiency.

The result is a combination of supply-side data and demand-generation customer insight that allows our clients to better position themselves in anticipation of the next wave that will reshape the enterprise software marketplace for years to come.