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

In 2021, the top 10 Real Estate software vendors accounted for nearly 53.3% of the global Real Estate applications market which grew 76% to approach nearly $6.9 billion in license, maintenance and subscription revenues.

RealPage was the market leader with a 17% market share in license, maintenance and subscription revenue, followed by Yardi, CoStar Group, Intuit, and AppFolio.

We ask the simple question: Who’s buying 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)

Through our forecast period, the Real Estate applications market size is expected to reach $7.5 billion by 2026, compared with $6.9 billion in 2021 at a compound annual growth rate of 2.9%.

Exhibit 2: Worldwide Real Estate Software Market 2021-2026 Forecast, $M
Year	2021	2026	2021-2026 CAGR, %
Total	6940	7490	2.9%

Source: Apps Run The World, September 2022

Top 10 Real Estate Software vendors

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

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

Rank	Vendor	2020 Real Estate Apps Revenues, $M	2021 Real Estate Apps Revenues, $M	YoY Growth	2021 Real Estate Market Share, %	Recent Developments
1	RealPage	Subscribe	Subscribe	1.6%	Subscribe	Realpage 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.
2	Yardi	Subscribe	Subscribe	8.2%	Subscribe	In 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.
3	CoStar Group	Subscribe	Subscribe	10.0%	Subscribe	CoStar 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.
4	Intuit Inc.	Subscribe	Subscribe	15.9%	Subscribe	Intuit serve more than 100 million customers and generated revenue of $12.7 billion in fiscal year which ended July 31, 2022.
5	AppFolio, Inc.	Subscribe	Subscribe	16.2%	Subscribe	In June 2022, the company launched AppFolio Stack, an integration marketplace, enabling AppFolio Property Manager users to seamlessly provide the specialized solutions users need to manage complex portfolios and run their entire business from a centralized hub. As of December 31, 2021, AppFolio had 17,215 property management customers.
6	Aareon	Subscribe	Subscribe	4.1%	Subscribe	In June 2022, Aaeron completes acquisitions of approximately 93 per cent of the shares in Momentum Software Group AB. Momentum provides modern platforms that digitalize and simplify everyday life for property owners and their tenants. The Company develops, sells and implements Software as a Service (SaaS) for property management and energy monitoring. Together, Momentum and Aareon will offer a broader product portfolio to its customers with Momentum’s best-in-class property management software, Momentum’s energy monitoring software, and Aareon’s solutions suite.
7	Microsoft	Subscribe	Subscribe	8.7%	Subscribe	Microsoft Teams is now used by over 500,000 organizations around the world. Of those, over 150 organizations have 10,000 or more active Teams users, and 91 of the Fortune 100 companies are now using Teams, while Office 365 has more than 120 million business users.
8	Altus Group	Subscribe	Subscribe	8.6%	Subscribe	In May 2022, Altus acquired Rethink Solutions, the developer of the itamlink property tax management software. The acquisition brings a complementary software offering, property tax-focused technical talent, and strong customer relationships. In mid‐December 2020, Altus surpassed over 1,000 cloud‐enabled AE customers, reaching an important milestone in its cloud transition journey.
9	MRI Software	Subscribe	Subscribe	13.6%	Subscribe	At the beginning of 2022, MRI Software acquired LeaseEagle, an Australian-based leader in commercial property lease management solutions for tenants in corporate, retail, healthcare and other sectors. Founded in 2005, LeaseEagle’s software is used by clients to manage over 50,000 locations across Australia, New Zealand and South Africa.
10	Entrata	Subscribe	Subscribe	14.2%	Subscribe	Fueled by a $507 million fundraise, Entrata has invested heavily in personnel over the past year, hiring hundreds of new employees including adding a new Chief Technology Officer, Chief Revenue Officer and Chief Financial Officer to its executive suite, and is on track to more than double its research and development spend as it aims to globalize its exclusive single-login, open-access property management platform.
	Subtotal	Subscribe	Subscribe	7.6%	Subscribe
	Other	Subscribe	Subscribe	6.6%	Subscribe
	Total	6480	6940	7.1%	100%

Source: Apps Run The World, September 2022

Other Real Estate software providers included in the report are: Adobe, ADP,  ARCHIBUS, Arcoro, Atlassian, AVEVA Group, Brokermint, Buildertrend, Cisco Systems, Constellation Software Inc., Citrix, CoStar Group, Dropbox, DocuSign, Inc., ECi Software Solutions, Entrata, Eque2, eSUB Construction Software, FieldAware, FINALCAD, Foundation Software, Google, Global Payments Inc., HCSS, Hemlane, Hexagon, HubSpot, Hypoport SE, IBM, Infor, Immowelt Holding AG, iLease Management LLC, Infor, iOFFICE, Inc., JDM Technology Group, Lease Harbor, LeaseCalcs, Inc., LogMeIn, Inc., Nemetschek Spacewell (ex MCS Solutions, ex Axxerion), Newforma, Nice Systems, Open Text Corporation, Oracle, Odessa Technologies, 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, SAP,  ServiceNow, SS&C Technologies, SolarWinds, Sage, Sopra Steria Group SA, TenantCloud, Teradata Corporation, The Innovation Group, Twilio, Verint Systems Inc., Visma, Vonage, VTS (ex Hightower), Workday, Yonyou, Zoom Video Communications, Zoho Corp., and others.

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

• Top 900+ Real Estate Applications Vendors and Market Forecast 2021-2026
• 2021 Real Estate Applications Market By Functional Market (16 Markets)
• 2021 Real Estate Applications Market By Country (USA + 45 countries)
• 2021 Real Estate Applications Market By Region (Americas, EMEA, APAC)
• 2021 Real Estate Applications Market By Revenue Type (License, Services, Hardware, Support and Maintenance, Cloud)
• 2021 Real Estate Applications Market By Customer Size (revenue, employee count, asset)
• 2021 Real Estate Applications Market By Channel (Direct vs Direct)
• 2021 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.

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

On the buyer side, customers are investing in 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 have been studying the patterns of the latest 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.

Source: Apps Run The World, September 2022

Further Readings

An expanded version of this report covers the top 900+ Real Estate Software Vendors, 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.