The application of global artificial intelligence (AI) in the real estate market is rapidly rising, and is expected to reach US$180.345 billion by 2030, with an average annual growth rate of up to 35%. The rapid development of this market is due to advances in technologies such as machine learning, predictive analytics, and the increasing demand for automation in real estate management. With the continuous maturity of technology, AI has become more and more widely used in the real estate field. From smart property management to market forecasting analysis, AI is reshaping the operating model of the entire industry.
In this market, the main players include Zillow Group, Compass, Redfin and Reinomy. They are leveraging AI-powered tools to enhance customer experience and optimize property management processes. Through big data analysis and machine learning algorithms, these companies can predict market trends more accurately and provide personalized customer service, thus gaining an advantage in the highly competitive market.
The U.S. market is the leader in this field due to the rapid adoption of its AI technology and sound real estate infrastructure. Recently, Zillow acquired ShowingTime, further strengthening its market position. In addition, Compass is using AI platforms for market forecasting analysis and customer insights, which has promoted the development of the market. Through AI technology, real estate companies in the United States not only improve operational efficiency, but also provide customers with a more intelligent service experience.
The Asia-Pacific region is also experiencing rapid growth, especially driven by investment in smart city projects and AI technology. For example, SoftBank’s investment in WeWork and JLL’s AI-powered property valuation tools have injected new vitality into the real estate market in this region. Real estate companies in the Asia-Pacific region are actively exploring the application of AI technology to improve the intelligence level of property management and meet the growing market demand.
The Middle East and Africa markets are also rapidly adopting AI solutions to improve the efficiency of property management and infrastructure development. Dubai’s Smart City Program is a classic case, leveraging AI technology to enhance real estate operations and customer experience. Real estate companies in the Middle East and Africa not only improve operational efficiency by introducing AI technology, but also provide customers with a more intelligent service experience.
The European market is also growing steadily, with countries such as Germany and the United Kingdom leading the way. Reonomy is expanding its business in Europe, while Knight Frank has launched AI-based market analytics tools that drive innovation and market expansion. Through AI technology, real estate companies in Europe not only improve operational efficiency, but also provide customers with a more intelligent service experience.
In recent years, Redfin has acquired RentPath to enhance data analytics, JLL has partnered with Leverton to conduct AI-based leasing management, and SoftBank has continued to invest in AI-powered real estate startups. These measures mark the real estate industry's positive move towards an intelligent and data-driven future. With the continuous advancement of AI technology, the intelligence level of the real estate industry will be further improved, providing customers with more efficient and convenient services.
Key points:
Global AI in the real estate market is expected to reach US$180.345 billion by 2030, with an average annual growth of 35%.
The U.S. market is leading, with companies such as Zillow and Compass using AI technology to enhance customer experience.
The Asia-Pacific and Middle East markets are developing rapidly, and smart city projects promote the application of AI technology.