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Real Estate Software Market to Expand by USD 7.2 Billion from 2024-2028, Driven by Growing Middle-Class Population, AI-Powered Market Evolution- Report by Technavio

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NEW YORK, Aug. 27, 2024 /PRNewswire/ — Report on How AI is Driving Market Transformation- The global real estate software market  size is estimated to grow by USD 7.20 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  10.22%  during the forecast period.  Growing middle-class population is driving market growth, with a trend towards use of blockchain technology in real estate management software. However, threat of open-source real estate management software  poses a challenge. Key market players include Altus Group Ltd., AppFolio Inc., Autodesk Inc., Bentley Systems Inc., CDK Global Inc., CoStar Group Inc., CREATIO EMEA Ltd., Dassault Systemes SE, Fiserv Inc., Fortive Corp., IFCA MSC Berhad, International Business Machines Corp., LanTrax Inc., MRI Software LLC, Oracle Corp., Planon Shared Services BV, RealPage Inc., SAP SE, Trimble Inc., and Yardi Systems Inc..

Get a detailed analysis on regions, market segments, customer landscape, and companies – Click for the snapshot of this report

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Deployment (Cloud-based and On-premises), Application (Residential and Commercial), and Geography (North America, Europe, APAC, South America, and Middle East and Africa)

Region Covered

North America, Europe, APAC, South America, and Middle East and Africa

Key companies profiled

Altus Group Ltd., AppFolio Inc., Autodesk Inc., Bentley Systems Inc., CDK Global Inc., CoStar Group Inc., CREATIO EMEA Ltd., Dassault Systemes SE, Fiserv Inc., Fortive Corp., IFCA MSC Berhad, International Business Machines Corp., LanTrax Inc., MRI Software LLC, Oracle Corp., Planon Shared Services BV, RealPage Inc., SAP SE, Trimble Inc., and Yardi Systems Inc.

Key Market Trends Fueling Growth

The global real estate software market is witnessing significant advancements, with blockchain technology emerging as a potential game-changer. This technology offers transparency, security, and efficiency by encrypting every record and making ledgers impenetrable to hackers. Transactions are irreversible, reducing fraud and transaction duplication. Blockchain also enables prompt and secure payments, even outside business hours, and eliminates the need for intermediaries. However, regulatory compliance and data transfer from authorities to general ledgers pose challenges. Lantmateriet, Sweden’s mapping, cadastral, and land registration authority, is leading the way with a pilot project for land registration using blockchain. The advantages of blockchain in real estate transactions are expected to drive a shift from traditional methods, contributing to market growth. 

The Real Estate Software Market is thriving with trends that streamline transactions for sellers and buyers. Transactions are managed efficiently with appointment scheduling, reminders, and property management components. Building sites and housing initiatives benefit from on-premise and cloud-based access on mobile devices. Real estate executives oversee the real estate lifecycle with software technologies like artificial intelligence and machine learning. Property management, real estate accounting, lease administrators, and transaction managers are essential components. Cloud-based solutions offer easy access to customer data, smart solutions, and data management strategies. Sensitive data protection is crucial, with virtualization, virtual reality, and user engagement enhancing the customer experience. Social media and online advertising boost marketing efforts, while websites provide a central hub for information. Construction activities are optimized with software tools, and virtual reality offers immersive property tours. Overall, the Real Estate Software Market is transforming the industry with innovative solutions. 

Discover a Comprehensive 360° Market Analysis: Understand the Impact of AI. For detailed information- Request Sample!

Market Challenges

The global real estate software market is experiencing significant competition from open-source real estate management software and pirated software. Open-source software, which is freely available on the Internet, offers cost benefits and scalability to end-users. Popular options include EspoCRM, Vtiger CRM, and Bitrix CRM. Users appreciate the transparency of open-source software, as they have access to the source code, enabling them to modify and eliminate defects before implementation. However, the market also faces a threat from pirated software, particularly in developing and underdeveloped economies where purchasing power is lower. Vendors in these regions often opt for pirated versions of software due to the lack of stringent regulatory laws. This results in a loss of sales for real estate software developers, posing a challenge to the market’s growth during the forecast period.The Real Estate Software Market is experiencing significant growth as the industry embraces digital applications to streamline operations and enhance workplace experience. Challenges such as workflow automation, sales and marketing, finance, project management, and data privacy regulations require advanced solutions. Blockchain technology and smart contracts offer secure, transparent, and efficient ways to handle sales deals, inspections, and financial data. Online platforms facilitate communication between real estate agents, brokers, investors, agencies, property managers, architects, and engineers. Construction, renting, and managing buildings, structures, utility systems, roads, and lands also benefit from these digital tools. However, cyber security threats and cybercrimes pose risks to data privacy and financial information, necessitating robust cybersecurity measures. Real estate companies must adapt to these trends to remain competitive in the commercial and residential markets.

For more insights on driver and challenges – Download a Sample Report

Segment Overview 

This real estate software market report extensively covers market segmentation by

Deployment 1.1 Cloud-based1.2 On-premisesApplication 2.1 Residential2.2 CommercialGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Cloud-based-  Cloud-based real estate software deployment offers several advantages to businesses, particularly small and medium-sized enterprises (SMEs) and startups. These benefits include low initial investments, quick implementation, easy accessibility, scalability, and cost-effectiveness. Cloud-based deployment eliminates the need for purchasing servers and allows buyers to subscribe to the software on a monthly or annual basis. The infrastructure is already in place, and electronic devices are sufficient for access. Post-implementation, buyers can easily switch to different providers, reducing the need for extensive trials. IBM’s TRIRIGA and Bentley Systems are dominant vendors in cloud-based real estate software management. Remotely located servers in a cloud-based deployment help increase scalability, allowing buyers to opt for more bandwidth and storage space as needed. Construction companies can change subscriptions according to ongoing projects. However, concerns over security, limited customization, and the requirement of the internet hinder adoption. Real estate companies manage confidential financial data, increasing apprehension over data security. Despite these challenges, the advantages of cloud-based real estate software, such as dynamic space planning using AI-driven insights, will drive demand during the forecast period.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022)  – Download a Sample Report

Research Analysis

The Real Estate Software Market is witnessing significant growth due to the increasing adoption of advanced technologies in construction activities. Smart solutions are transforming the way real estate professionals manage customer data, utility systems, and building structures. Software technologies, including cloud, artificial intelligence, social media, online advertising, and digital applications, are revolutionizing the real estate industry. Construction projects, renting properties, and housing initiatives are all benefiting from these innovations. Real estate agents can manage transactions, appointments, and reminders more efficiently, while clients and sellers have access to valuable information and tools to make informed decisions. Building sites and utility systems can be monitored in real-time, ensuring optimal performance and reducing maintenance costs. Data management is a critical component of real estate software, enabling real estate professionals to analyze trends and gain insights into market conditions. With the integration of artificial intelligence and machine learning, software can provide personalized recommendations and automate routine tasks, freeing up time for more strategic activities. Overall, the real estate software market is poised for continued growth as technology continues to transform the industry.

Market Research Overview

The Real Estate Software Market is witnessing significant growth due to the increasing adoption of digital applications in the real estate industry. Construction activities are being streamlined with smart solutions that leverage software technologies such as cloud, artificial intelligence, and machine learning. Customer data is being effectively managed and protected with advanced data management strategies and sensitive data protection measures. Virtualization, virtual reality, and automation are transforming the workplace experience for real estate professionals. Real estate sector players are embracing online platforms for sales and marketing, transactions, and project management. Finance and accounting functions are being automated with contract software, dashboard solutions, and financial data management tools. Building management, property management, and real estate companies are leveraging blockchain technology, smart contracts, and automation to enhance efficiency and security. Social media and online advertising are essential tools for real estate agents, brokers, investors, agencies, property managers, and commercial centers to reach clients and sell properties. Data privacy regulations are driving the need for robust cybersecurity measures to protect sensitive information from cybercrimes and cybersecurity threats. The real estate industry is undergoing a digital transformation, with digital applications being used for residential and commercial buildings, utility systems, roads, and land management. Real estate executives, lease administrators, transaction managers, and real estate lifecycle managers are using mobile devices and cloud-based access to manage appointments, reminders, and building sites. Housing initiatives and government agencies are also adopting digital solutions to streamline their operations. Overall, the Real Estate Software Market offers a wide range of components, including project management software, real estate accounting, and lease administration tools, to cater to the diverse needs of the real estate sector.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

DeploymentCloud-basedOn-premisesApplicationResidentialCommercialGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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SSC SECURITY SERVICES CORP. ANNOUNCES SHAREHOLDER APPROVAL OF PREVIOUSLY ANNOUNCED PLAN OF ARRANGEMENT

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57 minutes ago

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July 22, 2026

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REGINA, SK, July 22, 2026 /CNW/ — SSC Security Services Corp. (TSXV: SECU) (US: SECUF) (“SSC” or the “Company”) today announced the voting results from its special meeting of holders (the “Shareholders”) of common shares (the “Shares”) of the Company held today (the “Meeting”) in connection with the previously announced plan of arrangement under the Business Corporations Act, 2021 (Saskatchewan) (the “Arrangement”), pursuant to which Universal Protection Service, LP (the “Parent”), through its wholly-owned subsidiary, 102236724 Saskatchewan Ltd. (the “Purchaser”, and together with the Parent, “Allied Universal”), will acquire all of the issued and outstanding Shares for $4.4075 per Share in cash, and pursuant to which certain officers and directors of the Company (the “Management Purchasers”) will purchase the Company’s legacy assets and cyber security business in a management buy-out transaction (the “MBO” and collectively with the Arrangement, the “Transaction”).

The Arrangement requires (i) the approval of 66 2/3% of the votes cast by Shareholders (including the Management Purchasers) present or represented by proxy and entitled to vote at the Meeting and (ii) the approval of a simple majority (more than 50%) of the votes cast by Shareholders present or represented by proxy and entitled to vote at the Meeting, other than the Management Purchasers and any other person required to be excluded from such vote for the purpose of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (the “Minority Shareholders”). At the Meeting, the resolution approving the Arrangement was approved by (i) 99.99% of the votes cast by Shareholders, and (ii) 99.97% of the votes cast by the Minority Shareholders.

Remaining Conditions to Completion of the Arrangement

Completion of the Transaction remains subject to the satisfaction or waiver of certain closing conditions that are set out in the arrangement agreement entered into between the Company and Allied Universal on May 26, 2026 (the “Arrangement Agreement”), including receipt of final court approval and approval of the TSX Venture Exchange. SSC intends to seek a final order (the “Final Order”) of the Court of King’s Bench for Saskatchewan to approve the Arrangement at a hearing to be held on July 27, 2026.

Subject to obtaining the Final Order and the satisfaction or waiver of the remaining conditions in the Arrangement Agreement, the Transaction is anticipated to close on July 31, 2026.

About SSC

SSC Security Services Corp. is Canada’s largest publicly traded security company. SSC acts as a public holding company investing in physical, electronic and cyber security businesses. The Company has one wholly-owned operating subsidiary: Logixx Security Inc., which provides physical, electronic and cyber security services to primarily commercial, industrial and public sector clients. The Company’s clients include federal and provincial governments, Crown corporations, and many high-profile corporate and public sector clients such as hospitals, airports, utility companies and police forces.

Forward Looking Statements

This release includes forward-looking statements concerning the future results, future performance, intentions, objectives, plans and expectations of the Company. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “estimates”, “intends”, “anticipates”, “believes” or variations of such words and phrases (including negative and grammatical variations) or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. The forward-looking events and circumstances discussed in this release may not occur and could differ materially as a result of known and unknown risks, uncertainties affecting SSC, including risks regarding economic factors and the equity markets generally and many other factors beyond the control of SSC. Without limiting the generality of the foregoing, this release contains forward-looking statements pertaining to: the anticipated timing of the Transaction; receipt of required court and stock exchange approvals; satisfaction of closing conditions; and the anticipated effective date of the Arrangement. Risks and uncertainties that could cause actual results to differ materially include: failure to obtain court or stock exchange approvals; failure to satisfy closing conditions; failure of the parties to complete the Transaction for any reason, including termination of the Arrangement Agreement; legal challenges to the Arrangement; and risks and uncertainties discussed in SSC’s disclosure documents filed on SEDAR+ at www.sedarplus.ca. Forward-looking statements are not guarantees of future performance. These forward-looking statements should not be relied upon as representing the views of SSC as of any date after the date of this Release. Although SSC has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements contained in this Release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this Release are made as of the date of this Release and SSC does not undertake to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise, except as required by applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

SOURCE SSC Security Services Corp.

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GMI Cloud Announces Strategic Compute Collaboration With NVIDIA

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57 minutes ago

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July 22, 2026

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The collaboration advances GMI Cloud’s selective partnership strategy and supports its next phase of AI infrastructure growth

MOUNTAIN VIEW, Calif., July 22, 2026 /PRNewswire/ — GMI Cloud, a leading AI-native cloud provider delivering high-performance GPU infrastructure and inference services, today announced a strategic collaboration with NVIDIA as part of its selective approach to building long-term compute partnerships.

In support of this strategy, GMI Cloud has committed $500 million in CapEx to expand its compute capabilities and serve growing customer demand. The commitment represents a significant investment in the company’s next phase of infrastructure development.

GMI Cloud has also secured nine-figure contracts with a leading U.S. frontier AI enterprise, providing a strong commercial foundation for its continued growth.

GMI Cloud is pursuing a selective partnership model centered on a limited number of strategic relationships. The collaboration builds on GMI Cloud’s continued partnership with NVIDIA and brings together long-term compute planning with contracted customer demand.

GMI Cloud is among the earliest cloud providers to adopt this new compute partnership model, marking an important step in the company’s expansion and partnership strategy.

The $500 million CapEx commitment, nine-figure customer contracts, and selective partnership strategy establish the foundation for GMI Cloud’s next stage of growth. The company is set to continue this trajectory as it expands its compute capabilities and supports the evolving needs of frontier AI customers. For more information, visit www.gmicloud.ai.

About GMI Cloud
GMI Cloud is an AI-native cloud infrastructure company powering the next generation of AI applications. The company provides high-performance GPU infrastructure, Model-as-a-Service, dedicated endpoints, and AI workload deployment solutions for developers and enterprises building production AI systems. GMI Cloud helps teams move from experimentation to production with scalable compute, flexible infrastructure, and an ecosystem built for modern AI builders. For more information visit gmicloud.ai.

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SOURCE GMI Cloud

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ROKFORM Launches Rugged Case for Samsung Galaxy Z Fold8 and Z Fold8 Ultra

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57 minutes ago

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July 22, 2026

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Complete foldable protection with six-foot drop rating, MAGMAX ™ magnetic grip, and RokLock ® twist-lock mounting

IRVINE, Calif., July 22, 2026 /PRNewswire/ — ROKFORM today launched its Rugged Case for the Samsung Galaxy Z Fold8 and Galaxy Z Fold8 Ultra. Built with a slim, two-piece shell design — not just a backplate — the Rugged Case delivers six-foot drop protection, full hinge coverage, and secure RokLock® mounting across both foldable models.

“Users get the full ROKFORM experience with the Rugged Case, including incredible drop protection, RokLock® mounting, and MAGMAX™ magnetic strength, all in a design built specifically around the unique needs of a foldable device,” said Jeff Whitten, ROKFORM CEO.

The two-piece shell locks together to protect the outer screen, back, and spine of the Galaxy Z Fold8. In addition, the case is engineered to guard one of the most critical and vulnerable components on foldable phones — the hinge — from drops and impacts with full hinge coverage. The case exceeds military-grade drop protection standards from six feet, with a dual-layer build and reinforced corners designed to absorb real-world impact.

ROKFORM’s patented RokLock® twist-lock system delivers rock-solid, wobble-free connection to ROKFORM’s full ecosystem of car, bike, and motorcycle mounts. Combined with MAGMAX™ magnets, which deliver 3x more holding strength over standard MagSafe® magnets, users get an ultra-secure magnetic grip for mounting and use with other accessories.

The case is compatible with ROKFORM wireless chargers and compatible wireless charging accessories.

The Rugged Case for the Samsung Galaxy Z Fold8 and Z Fold8 Ultra retails for $79.99 and will be available August 5, 2026 at rokform.com.

About ROKFORM:
Founded in 2010, ROKFORM’s small but dedicated team has bootstrapped its way to becoming a leader in the design and manufacturing of innovative consumer electronics products. It is based in Irvine, California. With nearly 20 patents, ROKFORM remains a leader in the premium active lifestyle consumer electronics niche, with innovative designs to protect and enhance the world’s mobile devices. Products are designed and shipped directly from California headquarters, and customers can visit ROKFORM’s showroom to experience them. Learn more at rokform.com.

Contact:
Haley Lush
775-204-7975
419258@email4pr.com

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SOURCE ROKFORM

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