20 most Promising Proptech Solution Providers - 2019
Today, the real estate sector accounts for nearly 60 percent of the world’s mainstream assets, out of which 75 percent belongs to the residential sector. PropTech was barely a topic of discussion. However, digitalization is changing the face of this industry, attracting its own share of technology incumbencies.
Evidently, digital connectivity will play a pivotal role in attracting tenants to commercial and residential buildings. With the upcoming 5G revolution in cellular technology, building owners will move to future-proof their real estate assets.
The need for connected properties will increase the demand for smart buildings that are IoT enabled to improve data flow with integrated systems, creating enhanced and efficient management capacities for security, and other requirements. At this juncture, it is worth noticing that IoT can improve not only the real estate industry but also the everyday lives of individuals by its varied application from predictive maintenance to accelerated decision making.
VR and AR applications are also gaining traction in the realm of real estate; from property viewing and walk-through to augmented hoardings and property brochures, AR provides transparency, simplicity, and beauty to the marketing and selling of property.
That’s not all; powerful drones will continue to be widely used in the industry for capturing footage of properties and their surroundings for virtual tours, as well as producing videos of areas under development.
At this juncture, to guide CIOs in selecting the most suitable PropTech solutions, a distinguished panel of CEOs, CIOs, VCs, and analysts, along with CIOReview’s editorial board have reviewed the top companies and shortlisted the ones that offer the best-in-class services and solutions for dealing with the rising PropTech requirements.
We present to you the “20 Most Promising PropTech Solution Providers - 2019.”