Vietnam PropTech Market Analysis by Size, Share, Trend, Technology, Future Growth, Major Players | TechSci Research

Vietnam PropTech market is expected to grow at a rate of steady CAGR for the forecast period, 2023-2027. The growing adoption of emerging technologies in the country and the rise in internet penetration are crucial factors influencing market demand. The shift of the country towards the adoption of digitalization and the rise in the youth population is significantly fueling the demand for PropTech market. The improvement in the economic conditions and the growing middle-class families is increasing the expenditure capacity of the consumers to invest in real estate. Market players are adopting technology to provide accurate pricing, which is similar to market pricing by collecting a huge volume of data from offline and online sources. Lack of licensing for real estate agents results in the occurrence of fraudulent activities. PropTech companies provide incentives to the higher rating real estate agents based on customer rating and feedback to tackle this issue. To increase the affordability of the potential customers and the sale of real-estate PropTech companies are offering the customer to purchase properties at a lower initial capital outlay. Also, companies are providing financial assistance to the customers in the form of loans, which is expected to accelerate the Vietnam PropTech market growth.

Vietnam PropTech market is segmented into solutions, applications, deployment, end users, regional distribution, and company. Based on end users, the market is divided into housing associations, real estate agents, property investors, and others. The real estate agents are expected to witness substantial growth for the forecast period, 20232-2027. The rise in the number of real estate agents and the growing disposable income of consumers contribute to the market growth. The presence of potential buyers, investors, and other crucial information is available at a single platform, thereby boosting the PropTech market among the real estate agents.

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The major players operating in the Vietnam PropTech market are Oracle Corporation, IBM Corporation, In4Velocity Systems, VIBIM, Qsoft Vietnam, HiNet Viet Nam, Twin Software Solutions JSC., Autodesk Inc., DIP Vietnam Technology Corporation, Holomia Technology Company Limited, Epicor Software Corporation, House3D, Savills Vietnam, REESOFT, AMI Group Co., Ltd, and others. Major companies are developing advanced technologies and launching new services to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments.

Objective of the Study:

  • To analyze the historical growth of the market size of Vietnam PropTech market from 2017 to 2020.
  • To estimate and forecast the market size of Vietnam PropTech market from 2021 to 2027 and growth rate until 2027.
  • To classify and forecast Vietnam PropTech market based on solutions, applications, deployment, end users, regional distribution, and company.
  • To identify dominant region or segment in the Vietnam PropTech market.
  • To identify drivers and challenges for Vietnam PropTech market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Vietnam PropTech market.
  • To identify and analyze the profile of leading players operating in Vietnam PropTech market.
  • To identify key sustainable strategies adopted by market players in Vietnam PropTech market.


TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of service providers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the service providers who could not be identified due to the limitations of secondary research. TechSci Research analyzed the service providers, distribution channels and presence of all major players across the country.

TechSci Research calculated the market size of Vietnam PropTech market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

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Key Target Audience:

  • PropTech service provider companies
  • Market research and consulting firms
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums, and alliances related to PropTech market

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Attribute

Details

Base Year

2021

Historic Data

2017 – 2020

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

Revenue in USD Million and CAGR for 2017-2021 and 2022E-2027F

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments covered

·         Solution

·         Application

·         Deployment

·         End User

Regional scope

Northern; Central; Southern

Key companies profiled

Oracle Corporation, IBM Corporation, In4Velocity Systems, VIBIM, Qsoft Vietnam, HiNet Viet Nam, Twin Software Solutions JSC., Autodesk Inc., DIP Vietnam Technology Corporation, Holomia Technology Company Limited, Epicor Software Corporation, House3D, Savills Vietnam, REESOFT, AMI Group Co., Ltd.

Customization scope

10% free report customization with purchase. Addition or alteration to regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

In this report, Vietnam PropTech market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

·         Vietnam PropTech Market, By Solutions:

    • Business Intelligence
    • Facility Management
    • Portfolio Management
    • Real Estate Search
    • Asset Management
    • Enterprise Resource Planning
    • Others
  • Vietnam PropTech Market, By Applications:
    • Residential
      • Multi-Family Housing
      • Single Family Housing
      • Others
    • Commercial
      • Retail Spaces
      • Office Spaces
      • Others
  • Vietnam PropTech Market, By Deployment:
    • On-Premises
    • Cloud
  • Vietnam PropTech Market, By End Users:
    • Housing Associations
    • Real Estate Agents
    • Property Investors
    • Others
  • Vietnam PropTech Market, By Region:
    • North
    • Central
    • South

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Vietnam PropTech market.

About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

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