How big is PropTech?
The global PropTech market is estimated to be worth over $25 billion as of 2023. This substantial size highlights the significant impact of technology in real estate worldwide. The industry encompasses a wide range of services, including virtual reality in real estate, data analytics, AI tools, and blockchain transactions. The growth of PropTech signifies a major shift in how real estate business is conducted, emphasizing efficiency, transparency, and enhanced customer experiences.
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