What is Generative AI in the Real Estate Market?

Generative AI in the real estate market refers to the use of artificial intelligence techniques to generate various outputs such as property listings, architectural designs, virtual staging, and even predictive analytics for property valuation and market trends.

What are the key applications of Generative AI in Real Estate?

Generative AI applications in real estate encompass various aspects, including property listing generation, virtual property staging, architectural design optimization, predictive analytics for pricing and demand forecasting, and personalized customer experiences through virtual tours and property recommendations.

How big is Generative AI in Real Estate Market?

The Global Generative AI in Real Estate Market size is expected to be worth around USD 1,177.7 Million by 2033, from USD 393 Million in 2023, growing at a CAGR of 11.6% during the forecast period from 2024 to 2033.

What challenges does Generative AI face in the Real Estate sector?

Challenges in implementing Generative AI in real estate include the need for extensive and diverse datasets for training models, addressing biases in generated outputs, ensuring accuracy in property valuations, and maintaining data privacy and security when dealing with sensitive property information.

Who are the prominent players operating in the generative AI in real estate market?

The major players operating in the generative AI in real estate market are Opendoor Labs Inc., Zillow Group Inc., Trulia LLC, Redfin Corporation, Compass Inc., Realtor.com, Remine Inc., Roof Ai, SmartZip Analytics Inc., Apartment List Inc.

Which region will lead the global generative AI in real estate market?

In 2022, North America held a dominant market position in the Generative AI in Real Estate sector, capturing more than a 39.3% share.

Generative AI in Real Estate Market By Component (Software Tools, Services, Platforms), By Deployment Mode (Cloud-based, On-premise), By Applications (Property Valuation, Building Design, Predictive Maintenance, Energy Management), By End-User (Real Estate Agents, Property Managers, Architects, Engineers and Others), By Region And Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, And Forecast 2024-2033

Published date: March 2024
Report ID: 117339
Number of Pages: 349
Format:

- Opendoor Labs Inc.
- Zillow Group Inc.
- Trulia LLC
- Redfin Corporation
- Compass Inc.
- Realtor.com
- Remine Inc.
- Roof Ai
- SmartZip Analytics Inc.
- Apartment List Inc.
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