Top 10 Construction and Real Estate Software Vendors, Market Size and Market Forecast 2020-2025

Worldwide Construction and Real Estate Applications Market to reach $16.6 billion by 2025, compared with $15 billion in 2020 at a compound annual growth rate of 2%.

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In 2020, the top 10 Construction and Real Estate software vendors accounted for nearly 38.3% of the global Construction and Real Estate applications market (Construction and Real Estate) which grew 11.3% to approach nearly $15 billion in license, maintenance and subscription revenues.

RealPage was the market leader with a 7.7% market share in license, maintenance and subscription revenue, followed by Oracle, Microsoft, Yardi and Intuit.

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)

Top 10 Construction and Real Estate Software Vendors, Market Size and Market Forecast 2020-2025
Exhibit 1 – 2020 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 $16.6 billion by 2025, compared with $15 billion in 2020 at a compound annual growth rate of 2%.

Exhibit 2: Worldwide Construction and Real Estate Software Market 2020-2025 Forecast, $M
Year202020252020-2025 CAGR, %
Total15024165912%

Source: Apps Run The World, December 2021

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 2020 and their market shares.

RankVendor2019 Construction and Real Estate Apps Revenues, $M2020 Construction and Real Estate Apps Revenues, $MYoY Growth2020 Construction and Real Estate Market Share, %Recent Developments
1RealPage Subscribe Subscribe21.5% SubscribeRealpage is targeting 62 million rental units for its real-estate management apps and $1B in revenues by 2020. RealPage currently serves more than 29800 clients worldwide from offices in North America, Europe, and Asia.
2Oracle Subscribe Subscribe-12.6% SubscribeOracle purchased Textura, a contract and payment management platform for $663 million and Aconex, a project management and team collaboration platform for $1.2 billion, combining them with its own project management software, called Primavera, to form the Oracle Construction and Engineering Global Business Unit.
3Microsoft Subscribe Subscribe5.9% SubscribeBusiness Central enables real-time tracking of resources for improved communication within the construction unit. Simplified collaboration on change orders and billing can be done between project roles using tools like Office 365 Groups, OneDrive, or OneNote while managing data in Dynamics 365 BC.
4Yardi Subscribe Subscribe6.7% SubscribeIn June 2021, Yardi has acquired We Are Forge Ltd (Forge), a Bristol, UK-based software company that specializes in visitor management and smart access control for real estate assets including, office, retail, industrial, flexible workspace, and the education sector. Yardi has 20,000 customers, over 3000 of them are running Yardi SaaS applications.
5Intuit Inc. Subscribe Subscribe11.5% SubscribeIn August 2021, Knowify, a construction management software signed a sales and referral agreement with Intuit. Knowify and Intuit will work together to introduce construction contractors to the powerful pair of Knowify’s SaaS solution for running a construction business plus QuickBooks Online Advanced product for managing all aspects of the business’s accounting.
6CoStar Group Subscribe Subscribe19.2% SubscribeIn 2021, CoStar Group acquired Emporis GmbH, a Germany-based provider of international commercial real estate data and images. With over 700,000 building records and 600,000 images, Emporis brings valuable research content from over 100 countries in every major region around the world, which CoStar Group plans to integrate into its international platform.
7SAP Subscribe Subscribe2.5% SubscribeSAP solutions connect resources and processes across the engineering, construction, and real estate operations value chain by integrating industry-specific solutions on-premise, in the cloud, and through mobile devices. More than 3,100 construction businesses worldwide use SAP solutions.
8Constellation Software Inc. Subscribe Subscribe13.7% SubscribeIn 2020, Constellation HomeBuilder Systems has acquired LandDev. The acquisition will allow Constellation HomeBuilder Systems to expand deeper into the construction process. Constellation HomeBuilder Systems has more than 1000 customers.
9Trimble Subscribe Subscribe-3.6% SubscribeIn November 2021, Trimble announced that Trimble Earthworks Grade Control Platform software and Trimble Siteworks software are available globally as a subscription service. Contractors now have the ability to implement and scale Trimble’s machine control and construction surveying solutions more easily and with no large up-front costs.
10Hexagon Subscribe Subscribe-3.7% SubscribeIn August 2020 Hexagon acquired TACTICAWARE a provider of LiDAR-based 3D surveillance software used to monitor and protect critical infrastructure and buildings – from powerplants and airports to commercial and residential buildings and more.
Subtotal Subscribe Subscribe82.5% Subscribe
Other Subscribe Subscribe115.0% Subscribe
Total135041502411.3%100%

Source: Apps Run The World, December 2021

Other Construction and Real Estate software providers included in the report are: Adobe, ADP, Ansys Inc., AppFolio, ARCHIBUS, Arcoro, ARGUS Software Solutions, Atlassian, Autodesk, AVEVA Group, Bluebeam, Brokermint, Buildertrend, Buildium, Cisco Systems, Citrix, CoConstruct, Computer Methods International Corp., Construction Industry Solutions Corp., Cosential, CoStar Group, Dassault Systemes, Domum Link, Dropbox, ECi Software Solutions, Entrata, Eque2, eSUB Construction Software, FieldAware, FINALCAD, Foundation Software, Google, HCSS, Hemlane, Hexagon, IBM, iLease Management LLC, Infor, InfoSite, Intralinks Holdings, Inc., a SS&C Technologies Company, iOFFICE, Inc., JDM Technology Group, Lease Harbor, LeaseCalcs, Inc., LogMeIn, Inc., MRI Software LLC, Nemetschek Spacewell (ex MCS Solutions, ex Axxerion), Newforma, Nice Systems, Open Text Corporation, Paycom, PayLease, 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 PLM Software, Soft4, SolarWinds, Sopra Steria Group SA, Tableau Software, TenantCloud, Teradata Corporation, The Innovation Group, Twilio, Ultimate Software, Verint Systems Inc., Visma, Vonage, VTS (ex Hightower), WebRezPro Property Management System, Workday, Yonyou, 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 2020-2025
  • 2020 Construction and Real Estate Applications Market By Functional Market (16 Markets)
  • 2020 Construction and Real Estate Applications Market By Country (USA + 45 countries)
  • 2020 Construction and Real Estate Applications Market By Region (Americas, EMEA, APAC)
  • 2020 Construction and Real Estate Applications Market By Revenue Type (License, Services, Hardware, Support and Maintenance, Cloud)
  • 2020 Construction and Real Estate Applications Market By Customer Size (revenue, employee count, asset)
  • 2020 Construction and Real Estate Applications Market By Channel (Direct vs Direct)
  • 2020 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.

Exhibit 4 - Worldwide Enterprise Applications Market Forecast 2020-2025, By Vertical Market, $M
Exhibit 4 – Worldwide Enterprise Applications Market Forecast 2020-2025, 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, December 2021

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 2015-2020 product revenues.

Their 2020 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.