Products That Count, Editor
Administrator
PropTech refers to property technology. In other words, this is technology to optimize the way people research, rent, buy, sell, and manage a property. And that is what you’ll learn all about in our PropTech infographic.
This infographic reveals some key stats, as well as some potential bumps in the road for this product industry. For one, this industry is expected to reach a valuation of $45 billion by 2027. But investor confidence fell from 2021 to 2022. While confidence reached an all time high of 9.3 in 2021, this year it rapidly fell to 5.8. That marks an all-time low.
But according to The Byrd Digital President Kristopher Drey, the fundamentals are still sound. He says, “Real estate is the largest asset class in the world. Its old school systems and processes present opportunities for disruption across every segment. Today’s catalysts – which include a macro digital shift, the arrival of 5G, and COVID’s lasting impact on how we live and work – position PropTech for accelerated growth.”
And now, check out our PropTech infographic:
If you want to take this PropTech infographic with you, you’re in luck. You can download a .pdf version here.
This infographic marks the seventh and final in our series on Product Industries to Watch. Be sure to go back and study the remaining six in the series for insights you won’t want to miss on these key product verticals.
Products that Count is a 501(c)3 nonprofit that helps everyone build great products. It celebrates product excellence through coveted Awards that inspire 500,000+ product managers and honor great products and the professionals responsible for their success. It accelerates the career and rise to the C-suite of >30% of all Product Managers globally by providing exceptional programming – including award-winning podcasts and popular newsletters – for free. It acts as a trusted advisor to all CPOs at Fortune 1000, and publishes key insights from innovative companies, like Capgemini, SoFi, and Amplitude, that turn product success into business success.
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