Rising Demand of Virtual Reality Technology in the Real Estate Market Outlook: Ken Research

The real estate industry is a multi billion industry and has been undergoing with the more development in the technology as this market involve transactions of huge amount and list of important documents. With the help of virtual reality buyers can improve their online experience and make it possible to view properties in three dimensions. Not only has this, more development in this technology result effective communication between the buyer and seller and virtual reality also help the buyer in viewing properties while sitting at home even unfurnished placed as it make possible to view properties in three dimensions. Moreover, virtual staging technology company, roOomy, provides every individual to visualize and decorate a virtual space. According to the report analysis, ‘REAL ESTATE INDUSTRY RESEARCH AND MARKET REPORT’ states that the virtual reality is an effective technology and that is becoming more popular among consumers and businesses which are offering to clients 3D virtual property “tours” right on their devices.

In the real estate industry the technology is changing rapidly and digital imprints are everywhere in this industry which make the market more attractive and lead to significant growth in the forecasted period with more innovations in the applications of virtual reality. The internet and digitalization has reshaped how real estate is delivered to the consumer. As in the recent trend the VR hotspot are installed in the smart devices which plays a significant role in the virtual reality (VR) such as with the hotspot any one spot the nearby places of the interested property. With the VR technology, there is no need to travel miles away from home to view their property and for sure they don’t need to wait till it is constructed to visualize it. This technology has created a boost in the market of real estate and drives the market sales up to the roof. According to the research it is observed that 40% of potential buyers make the decision of purchasing after experiencing the 360 video tours whereas, 360 video tours are a number of views that blend together to offer consumers an application view of the home that exactly looks like real-life. According to the report analysis, ‘MARKET RESEARCH REPORTS FOR REAL ESTATE’ suggests that with the more development in the technology of virtual reality the market of real estate is expanding more with more innovations in the applications.

With the technology of virtual reality, agents can save their time as now they don’t have to visit at the location and don’t have to deal with traffic. Most often this will naturally increase sales efficiency, as well as allow the ability to see more potential buyer. Whereas, in the region of North America, the usage of Virtual reality technology is growing rapidly followed by Europe and in the Asia-Pacific region the companies are working efficiently for dominating the huge market share and to make the market more profitable.

Google Inc., Sony Corportaion, HTC Corporation, Oculus VR, Marxent Labs LLC, EON Reality Inc., Cyber Glove System Inc., Vuzix Corporation, Cyberith GmbH, WorldViz and others are the leading players of the virtual reality technology in the real estate market whereas the US company Google Inc and Microsoft Corporation are dominating the huge market share and expected to grow even more. With the existence of numerous leading players in the market shows competitive landscape and welcoming the new investors which will further support the market financially. Therefore, it is expected that in the coming years the market of real estate will grow rapidly over the decades and with the more innovations in the applications of virtual reality.

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Introduction of Beacon Technology in Real Estate Market Outlook: Ken Research

The latest technology evolution is the Internet of things (IoT). Inter of things is a network of physical devices, home appliances, vehicles and other devices embedded with electronics, software, sensors, actuators which enable these devices to connect and exchange data. Some of the most prominent devices are wearable devices, smart home appliances and connected cars. The recent development in the internet of things is the innovation of beacon technology. Beacons are simple devices that emit any URL the provider wishes to. When a person is within the range of a beacon, their app equipped phone will automatically pick up with Bluetooth signal and notify the customer that there is a beacon nearby. One of the major problems with real estate industry is the contact that needs to be established by the customer with the service provider. Real Estate Industry Research and Market Reports suggests that the people prefer to establish connect via email or message rather than a physical or phone contact. Using a Beacon, information about a home is transmitted to anyone nearby with a mobile device. Beacons aren't a sign with a phone number to call or an app requiring a user to send a text to receive information. The visitor doesn't have to initiate contact, the Beacon does that. The Real Estate Business Review reveals that the global real estate market is growing at an annual rate of 5.8% reaching nearly USD 4,235 Billion by 2022. On the other hand IT in real estate market is expected to grow at a CAGR of 12.3% during the period 2016-2021 reaching nearly USD 8.8 Billion and alongside, global beacon technology is currently estimated at USD 175 Million expected to grow at CAGR of 80% during the period of 2016-2024. Combining these two factors reveal huge untapped potential in this industry.

The advantages of beacon technology are innumerable with significantly less number of cons. The marketers are able to put proximity marketing to its best use as companies can decide on what information needs to be sent by saving up on costs of print proximate marketing. The beacons are themselves proactive and initiate contact with the buyer rather than requiring the customer to contact the firm. Thus, combining technology with convenience. It allows for automatic information dissemination to the prospective client even before the human interaction has begun. The beacon not only ensures customer attraction but also provides customer engagement. In order to save time and effort on part of all the parties involved, beacon technology even sends link to virtual videos to the potential buyer. It helps in tapping into instant opportunities as some buyers are keen on making a purchase or gathering pricing information as they tour the property. Analytics also form a major task in the real estate market. Beacon technology enables detection of features of a property that are viewed frequently by buyer thus, increasing the efficiency of push notifications. Footfall can be analyzed for a particular site which can assist in better marketing or scheduling.

Beacon technology is dominant in developed countries where top real estate companies like Makelaardij Hoekstra (Netherland), Redfin (US), Mobile Doorman (US), Spiceheart (UK), A Vendre, A louer (France) are making use of this technology. Using this innovative technology shall enable these companies to emerge as global leader in this sector.

The high growth rates in Both IT and Beacon technology industry combined with the huge market size of the real estate industry could prove to be a goldmine for investors and entrepreneurs. The future of this industry seems to be bright with real estate firms partnering with IT companies to deploy these beacon technologies. The focus however could still remain mostly to developed or fast paced developing nations and companies with huge financial resources.

Key Topics Covered in the Report

Real Estate Market Research Reports

Real Estate Industry Analysis

Market Research Reports for Real Estate

Real Estate Industry Research Report

Real Estate Market Research Reports Consulting

Real Estate Business Review

Real Estate Industry Research and Market Reports

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Impact of Urbanization on Real Estate Market Outlook: Ken Research

Real Estate Market Research Reports suggests that since working population is young, affluent and career oriented their disposable income has increased and so does their purchasing power which led to rapid urbanization in search of better opportunities and career prospects. Mass migration from rural to urban areas for better living standard and resources is causing huge pressure on real estate business since they have to reform prices as per increased demand. To keep up with changing lifestyle in the city real estate sector has started partnering with investment community and government to develop urban housing scheme. Moreover A populous city has active interaction between private and government sector that would mark new benchmark for innovation to ensure good supply of housing to white collar mavens.

Influencers

Transparency and quality: Newspapers are jam-packed with news of collapsing buildings, demolition, inadequate infrastructure and unlawful eviction causing devastating impact on human life. Therefore transparency is utmost important in real estate so that agent abide by strong ethical standard. Furthermore it is prerequisite to have safe and secure land use planning of urban area as there is proliferating informal settlement with increase in global urban population.

Rents: Even with lower vacancy rate large businessmen are willing to pay premium for building that has access to proximity to work, transit, and amenities. Therefore landlords charge huge rents for urban commercial and residential spaces.

Infrastructure: Peripheral infrastructure of transportation, education and healthcare will lead to substantial and sustainable growth in Real estate business.

Nuclear Family: Due to growth in nuclear middle class family in countries such as India and china real estate business has better growth opportunities in residential sector.

Market Segmentation On The Basis Of Type of Property:

Residential: On the basis of investment, owned houses have fewer shares in market than the rented ones. Owner-occupancy ratios vary from country to country it is stronger in Spain, Italy and Singapore as compared to Switzerland, Hong Kong and Germany. Since younger are more renter than old, aging would cause huge impact on ownership rate.

Office: Urbanization will lead to increase in office employment and therefore boost demand for office space. Commercialization has huge contribution in expanding office buildings.

Retail: Driving force of Retail sector is size and wealth of the population that is it is directly related to the purchasing power of the citizens. Due to rise in employment of youth their purchasing power would increase therefore directly expanding retail space. Maximum increase in demand for retail spaces in seen in emerging market such as that of US and Western Europe.

Real Estate Industry Analysis states that over the decade rapid increase in population is seen in Africa and Asia especially in India; even in china the growth has been slowed down therefore there would be huge affect on the demand of retail, commercial and residential spaces. Africa and Asia will have the maximum numbers of urban dwellers by 2030 that would in turn not only demand housing furthermore the demand for better infrastructure and innovated commercial space will increase as well. Therefore has opened major opportunity gates for real estate to provide access to affordable living.

Key Topics Covered in the Report

Real Estate Market Research Reports

Real Estate Industry Analysis

Market Research Reports for Real Estate

Real Estate Industry Research Report

Real Estate Market Research Reports Consulting

Real Estate Business Review

Real Estate Industry Research and Market Reports

For more information on the research report, refer to below link:

https://www.kenresearch.com/manufacturing-and-construction/real-estate/SC-97-38.html

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Ken Research

Ankur Gupta, Head Marketing & Communications

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Emergence of Smart Technology in Residential and Commercial Real Estate: Ken Research

Introduction: The concept of building automation is not new. Companies selling high price real estate have included automation software for basic tasks in security and reception systems for commercial spaces since the early 2000’s. But given the rate of adoption of sensors and the level of growth of smart technology, there is an expectation that building automation will soon become one of the core components of the real estate and construction industry as automation and robots will cause a reduction in construction time, reduce the level of error in construction, reduce wastage as they will be programmed to optimize their resources available and finally will increase the value of the property 

Building Automation: With the home automation and smart home market expected to increase from USD 4.4 Billion in 2013 to USD 21 Billion in 2020, consumers are welcoming more technology into their lives. In fact, smart home technologies are now a desired feature sought out by families looking to purchase a house and for companies looking to establish a new office space. The increasing capacity of IoT devices is one of the major driving factors behind the implementation of technology based smart buildings. Real Estate Business Review estimates that about 10-40% of the devices implemented in IoT will be a part of building automation for commercial and residential purposes. Sensor deployment in the sector is likely to grow at a compound annual growth rate of 78.8 % between 2015 and 2020 to nearly 1.3 billion. Although the primary demand driver for IoT technology is the adoption of sensors for data collection and analytics, the main devices implemented will be wearable technology and smart appliances which are capable of being controlled by a single central device. Companies working with sensor technology have already begun offering wireless integration solutions for home automation including sensor systems for appliances, electronics and security systems. The growing adoption of sensor technology combined with artificial intelligence is leading to creation of robots which can work, or be programmed to work on construction at much faster speeds and with much better effectiveness than human labor and for smart home solutions which are capable of serving the occupants of the buildings for specific tasks.  The integration of machines will lead to better made, more sophisticated buildings where HVAC (Heating, Ventilation and Air Conditioning) will become a standard feature.  Improved security systems will be able to differentiate residents from strangers as well.

Market Scenario: Statistics indicate the priority levels for individuals that are the upcoming customers for the real estate sector on preference of their homes:

Safety is the highest motivating factor to purchase smart home tech. Nearly 68 % of homeowners want smart tech to become more energy efficient. Millennials desire smart tech to make their lives more convenient. Baby Boomers use smart tech to add value to their homes. Around 45 % of homeowners save money, thanks to home automation, averaging more than USD 1100 per year. The changing market paradigm is due to increased adoption of technology from the baby boomer generation indicating that even the elderly population believes in understanding the benefits offered to technology. The homeowners of the future which will belong to the millennial generation are comfortable with the integration of technology into their everyday life and the most important aspect being the automation factor which is believed to boost home value.

Competition Scenario: Some of the key manufacturers involved in the market for smart technology solutions are Siemens AG, United Technologies Corporation, General Electric Company, Schneider Electric, Honeywell International, Inc., Ingersoll-Rand PLC, Johnson Controls, Inc., ABB Ltd., Legrand S.A. Acquisitions and effective mergers are some of the strategies adopted by the key manufacturers.

Opportunity: There is a clear opportunity for the upcoming building automation sector to make a growing contribution into real estate. The commercial and residential properties of the future will have a large amount of smart technology either already integrated or will have the capacity for integration of IoT. The implementation of this technology will likely be a standard in buildings in the upcoming 5 to 15 years with more adoption of IoT only speeding the process. This presents an opportunity for developers in growing economies that have a higher amount of individuals with disposable incomes to bring in the smart homes of the future as the technology is not commercial yet it has exclusivity and hence commands a premium for its level of sophistication. The added advantage of smart homes being poised to be worth over USD 4 Billion by 2020 will result growth of the smart home market for individual homes as well as for smart residential apartments coupled with sophisticated custom made offices. The introduction of AI into the building automation sector can lower costs and increase the customer value effectively generating higher profitability for the commercial and real estate sector.

Key Factors Considered in the Report:

Real Estate Market Research Reports

Real Estate Industry Analysis

Market Research Reports for Real Estate

Real Estate Industry Research Report

Real Estate Market Research Reports Consulting

Real Estate Business Review

Real Estate Industry Research and Market Reports

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Economic Evolution to Invigorate the Construction and Real Estate Market - Ken Research

Construction chemicals also known as specialty chemicals are usually defined as chemical compounds that are added in construction materials like cement and concrete at the construction sites in order to enhance the performance and workability, and protect & hold the construction material along with finished structure making it resilient. Additionally, these chemicals help in minimizing the quantities of water and cement required during the construction process. Thus, these chemicals are becoming an integral part of the construction activities in various sectors, be it residential, industrial or commercial.

 Ken Research offers detailed solution in the real estate industry with the help of its “Real Estate Market Research Reports” company offers in-depth study of the recent scenario of the Construction Industry in various geographies. It offers a comprehensive analysis to its users involving the integrity of logic and totality of contents. The reports basically portrays an outlay of the industry including specific definitions, classifications, applications and industry chain structure along with a market analysis for the international market including development history, competitive landscape analysis, and major regions' development status. Also, the development plans and policies are well discussed along with the related manufacturing processes and cost structures.

The “Real Estate Industry Analysis” is mainly split by (a) product types, with production, revenue, price, and market share and growth rate of each type, which are further divided into- Epoxy Resin, Vinyl Resin, Polyurethane (Pu), Polymethyl Methacrylate (PMMA) Resin and Other; and (b) by applications, aiming on consumption, market share and growth rate of Construction Flooring Chemicals in each application, further segmented into- Residential and Commercial.

In Construction flooring chemicals industry key players are namely: BASF, Dow Chemicals, Sinopec, Exxon Mobil, SABIC, DuPont, Ineos, LyondellBasell Industries, Mitsubishi Chemical Corporation, LG Chemicals, AkzoNobel, Mitsui Chemicals, Forbo Holdings, Toray Holdings, PPG Industries, Tremco, Huntsman, and Borealis AG.

This market has been observed to be stimulated majorly via factors like: amplifying construction activities in emerging economies like India, and multiplying adoption of the innovative construction procedures. Even, there has been a decent growth in the adoption of ready-to-mix concrete in Asia over the years and in future, when this adoption will be coupled with the surges in foreign direct investments in the real estate sector; a goodly number of opportunities are expected to be created ultimately leading to a holistic growth of this construction chemicals market.

Moreover, it has been witnessed that the infrastructure spending in Asia and Middle East  has constantly showed traces of growth and with developing environmental awareness amongst the Asians; their preferences have accordingly experienced a transition towards high-performance products and all these inter related positive changes have managed to ameliorate this industry’s revenue year after year. Not only this, even the strength of concrete used has enhanced considerably through the usage of these chemicals in the processes of construction.

In the years to proceed; backed by the rising government and foreign investments in mega projects; the demand for construction chemicals is projected to be highly intense especially in Southeast Asian countries such as the Philippines, Vietnam, Malaysia and Indonesia, which are lately noticed as relishing high investments in large-scale infrastructure as well as commercial projects.

Key Factors Considered in the Report:

Real Estate Market Research Reports

Real Estate Industry Analysis

Market Research Reports for Real Estate

Real Estate Industry Research Report

Real Estate Market Research Reports Consulting

Real Estate Business Review

Real Estate Industry Research and Market Reports

To know more, click on the link below:

https://www.kenresearch.com/manufacturing-and-construction/real-estate/SC-97-38.html

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Ongoing Optimistic Shifts in the Economy to Strengthen Real Estate Industry: Ken Research

Real estate industry is going through huge shifts with the support of the technology and advanced equipments. Out of many product segments, Concrete repair mortar is one of the products which have gained importance over a period of time as this material is used to mend and protect the concrete structures and it successfully offers fortification against chemical anchoring, cracking, and reinforcement corrosion. Thus, CRMs are generally use to repair, maintain, and restore the architectural shape of old structures and also, to restart the functional works rapidly in old and deteriorated buildings. According to Ken Research “Real Estate Industry Analysis”, the demand for CRMs never falls apart since the concrete structure of any building along with its infrastructure deters over time due to fluctuating climatic conditions and other environmental hazards.

The industry research reports published by Ken Research, company’s “Real Estate Business Review” reports provide a professional and in-depth study on the current state of the real estate industry worldwide. It provides a comprehensive analysis to its users involving the integrity of logic and totality of contents. Basically, the report entails an outlay of the industry including specific definitions, classifications, applications and industry chain structure along with a market analysis for the international market including development history, competitive landscape analysis, and major regions’ development status. Also, the development plans and policies are well discussed along with manufacturing processes and cost structures.

In Asia CRM industry is mainly split by (a) product types, with production, revenue, price, and market share and growth rate of each type, which is further segmented into- polymer cementations and epoxy-based; and (b) by applications, focusing on consumption, market share and growth rate of Concrete Repair Mortars (CRM) in each application that includes- building and car park, road and infrastructure and utility industries.

The Real Estate industry in Asia majorly caters to regions namely: China, Japan, India and Korea wherein the focus remains on the leading manufacturers after well considering factors like- production, price, revenue and market share for each manufacturer. The key players of this industry are namely: BASF, Pidilite Industries, THE EUCLID CHEMICAL COMPANY, Sika, Saint-Gobain Weber, Adhesives Technology Corporation (ATC), Flexcrete, Mapei, Remmers, and Tarmac.

It was observed that Asia-Pacific accounted for the largest market share, and since then, it has managed to maintain its position and is further expected to remain the market leader in the coming years. The huge growth rates of construction industry in countries like China, India, and Australia have resulted in an augmented demand for concrete repair mortars in both residential as well as non-residential building applications. Moreover, this growth trend is further expected to be supplemented via tremendous increase in the overall expenditure over repair and maintenance of buildings, transport and other related infrastructural amenities in countries like Japan.

Thus, the mushrooming expenses on overall infrastructure in Asia will be one of the key demand drivers for this industry and furthermore, with booming demands for alternative materials in cement manufacturing process, due to higher preferences being of repairing the existing infrastructure despite of constructing new buildings; the industry will proliferate by leaps and bounds.

Real Estate industry has witnessed major shifts in recent years and is majorly driven by the ongoing developments in end-user industries like building and car park, road and infrastructure, and utility industries. Associated with the relevant linkages between demand, investment, trade and productivity; the global growth is expected to persist ameliorating year after year with the futuristic concepts of “removing extreme poverty” and “generating decent employment opportunities for all”.

Lately, there has been a hike in the demand for polymer-modified mortar and thereby its use as a construction material in structural applications is amplifying because its exceptional durability properties have been made known to the builders. Even, the concept of green buildings is gaining momentum in this market and on investigation; it has been revealed that nearly 60% of the infrastructure projects would be green by the end of 2018 wherein the largest percentage share of such green building activities is foreseen to be in the commercial building segment.

Also, both the road and infrastructure have been noticed to be the fastest growing end-use related segments and owing to the breakthrough of high investments in the real estate sector; the global market is anticipated to evolve at a decent CAGR growth rate in next five years.

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