TechSci Press Release

Growing digital transformation and the high internet penetration is expected to drive the demand of Vietnam PropTech market in the forecast period. According to TechSci Research report,  “ Vietnam PropTech Market  By Solutions (Business Intelligence, Facility Management, Portfolio Management, Real Estate Search, Asset Management, Enterprise Resource Planning, Others), By Applications (Residential (Multi Family Housing, Single Family Housing, Others), Commercial (Retail Spaces, Office Spaces, Others)), By Deployment (On-Premises, Cloud), By End Users (Housing Associations, Real Estate Agents, Property Investors, Others), By Region, Competition Forecast & Opportunities, 2026” , the Vietnam PropTech market is expected to grow at a rate of steady CAGR in the forecast period, 2022-2026. PropTech, also known as property technology, applies information technology and platform economics to the real estate sector. The growing demand for PropTech technology is to make the transact...

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 affordabi...