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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Increasing Use of Blok chain Technology in the Real Estate Market Outlook: Ken Research

OVERVIEW: Unsurprisingly, in the recent past years, there is a dynamic change in the lifestyle with the increase in the disposable income which makes the economy more developed and attractive by establishing more buildings and people are investing more significantly in advance concepts of smart cities. Hence, in developing countries, companies of this sector are becoming more active and doing effective job with the development in the technology. According to report analysis, ‘REAL ESTATE MARKET RESEARCH REPORTS’ suggests that it is expected that in the coming years the industry of real estate is growing significantly with the more development in the technology, services and expansion of businesses.

OUTLOOK: The extensive development in the technology can dramatically improve the working of many companies in real estate business and show growing prevalence of technology in way of sharing databases and processes. The development in technology transforms the industry and this sector shift from tradition methods to online modes of dealing. This also eliminates the presence of middle man and leads to reduction in cost. Online mode of dealing leads to fruitful interaction between a buyer and a seller and results in expanding their customer base with their services which are much reasonable and less time consuming. Moreover, block chain technology has significant impact on the real estate industry. Block chain technology in real estate business has an ability to improve the efficiency of transaction and make the unique individual identity for users through which consumers feel secure by sharing financial information. This technology can make the data more accessible with information and can also escort the financing of properties by compiling users’ financial records. The main usage of block chain technology is done for securing financial transaction and also reduces paper work by digitizing and centralizing the information and data related to agreements and contracts. REAL ESTATE BUSINESS REVIEW suggests that block chain is one of the major catalysts leading this movement. Additionally, facilitating transaction is one most prominent application of block chain technology and parties on either side of a transaction does not need to trust each other to do business therefore; this is the greatest technology innovation of the in this segment.

MARKET SIZE: The market of real estate is expected to grow significantly globally with more development in the applications of the block chain. Additionally, the real estate sector is booming whereas thousands of key player are working across the world and generating billion of revenue. The countries across the globe like New York and others are back to being among most expensive markets whereas, Washington, Portland and others are among the fastest rising market. But the market of Canada has been the recent headliner. Many major key player are benefitted by the mergers & acquisition and joint ventures in this industry such as iLOOKABOUT recently signed a joint venture with Cherre Inc. Whereas, many more key players are functioning in this sector such as Block strain Technology, 360 Block chain, Y Dreams Global, GoverMedia and others. US have also launched projects to examine the benefits of block chain for land registry and transfer of documents. Moreover, development in the developing countries is also playing crucial role in the real estate industry such INDIA and others.

COMPETITION: Development in the technology witness the growth in the real estate industries and increase the number of companies like Realty Share has begun to accept bitcoin as a medium of payment that not only increases the speed, but also reduces the transaction fee. Many more companies are functioning for marking the technology of block chain more effective and ensure that many other real estate agents will join that list very soon. In certain cases, some of the major key players are charging more fees for finalizing the deal but somewhere, the companies which accept the money in terms of cryptocurrency such as bitcoin charge less fees or sometimes no fee.

CONCLUSION: The industry of real estate is expected to grow significantly due to more development in the lifestyle of people, increase in disposable income, modernization and others. Majorly, existing companies are also welcoming new players who support them by investing more for the expansion of business. Therefore, the real estate industry is growing in the coming years over the recent years. 

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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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Current Scenario of American Industrial Real Estate Market Outlook: Ken Research

Industrial sector has been the most sought after property type for the real estate investment community over the past few years and indications point to that continuing in 2018. Industrial property demand has always been a function of economic growth. Real estate industry analysis results predict that for every USD 1 billion additional e-commerce sales, 1.25 million square feet of distribution space is required. This means that at least another 85 million square feet of distribution space will shortly be demanded. Therefore, despite GDP growth hovering around 2% for the past seven years, industrial real estate will continue to outperform due to e-commerce driving the market.

The current trends that are observable indicate that 2018 will be a year driven by transaction volume.

1. Transaction volumes are continuously rising and total industrial volume has seen a stable increase till 2015 where it reached the highest transaction volume ever. Then in 2016 it dipped but rose in 2017 to the second highest transaction volume ever. Northeastern region is significant as there has been year over year growth of 7% attributable to a combination of single asset sales and larger portfolio transactions such as sale of The Hampshire Companies’ northern New Jersey portfolio as well as Duke’s purchase.
   
2. Industrial pricing has remained strong. Investors have flocked to the industrial sector because of its impressive year over year rent growth which hovers around 8% to 11%. Surplus capital and increasing demand has driven pricing for Class A distribution space in core locations to 3.9%- 4.6% cap rate range.
   
3. Funding deficits seem to be largest amongst investors despite foreign investments up by approximately 30%. Institutional industrial allocations will be surpassing retail allocations over the next year, as investors increasingly meet their retail targets with industrial products. There is a large inbound queue among fund managers and it is clear that the under allocation has been amplifying demand for industrial product.
   
4. The rising GDP and growth in manufacturing sector are continuously increasing the demand for industrial real estate. Market research reports for real estate indicate that this growth has largely been due to the explosion of e-commerce that has increased the need for industrial real estate. Today there is a huge requirement for warehousing and other related industrial real estate. Even product diversification and variations need to be maintained which requires industrial real estate.

All these factors when considered present the conclusion that 2018 and subsequent years will see higher transaction volumes as investors will continue seeking bright future prospects. In addition experts also expect larger portfolio sales and recapitalizations to be a significant trend in 2018. The continuous growth of e-commerce will further the demand for industrial real estate and the growing concerns relating to the environment are also a contributing factor as they lead to demand for large single efficient units rather than multiple small ones. Real estate in its single sense is developing but multiple studies showcased industrial real estate is the key growth driver. 

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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The Green Future of Real Estate Market Outlook: Ken Research

Real estate is a constantly growing market which is a very prominent part of a country’s economy. Technology trends have shaped this market well and are constantly trying to attract more customers. In recent times there has been rampant growth but this has only been myopic and concerns are now being raised about the effects of this industry on the environment. Market research reports for real estate appears to support the theory that the countries and economies that are actively incorporating eco friendly operational methods are being counted among the most developed in the world.

Real estate has mainly been driven by innovation and the quest of economies to attract foreign investments. Technology is working to improve customer experience and eco friendly innovations are also taking place. Real estate industry research reports are revealing an increase in global demand for environment friendly infrastructure. Many developed countries are basing their developments on this demand. Research into new designs and layouts is exploring ways to recycle waste water and minimize polluting emissions. Modern technology is also being used to check credibility of construction projects. Today any real estate development project has to undergo a number of certifications and credibility checks to ensure the project is in line with environmental standards. Awareness via social media and the internet is rising and people too have begun considering environmental certifications as a way to check soundness of real estate properties. This is putting an ever increasing pressure on the real estate industry and government. Authorities are now taking measures to align their operations with environment conservation. Countries that are successfully incorporating environmental concern into their real estate prospects are preferred by people and this reflects in factors like trade, strength of currency and price of real estate.

Concept of green homes is widespread today and families are becoming more aware about the importance of such infrastructure. Builders and big companies are also incorporating this concept as the base for their future developments.

Real estate agents with Green Designation should be consulted. This designation is growing in popularity among educational institutions and career development processes. Some of these designations available are EcoBroker Certified Designations, Leadership in Energy and Environment Design and Earth Advantage Sustainability Training.

The hospitality industry is also innovating and altering its operations to incorporate more and more eco friendly methods. The reputation of those who do so is quite good among customers thereby proving that such real estate directly translates into profitable prospects.

There are several companies who have begun to realize the importance of eco friendly real estate however there are some companies who have more actively invested in this sector. Delos Living is rampantly developing on the concept of green homes and their efforts are paying off as they are now among the leaders in wellness real estate. Big giants of the hospitality industry are also taking steps in this direction. Hotels such as the Best Western Chill worth Manor, the Fairmont Hotels and Resorts and the Palace hotel are all UK based leaders in sustainability.

Green real estate is the future of real estate development evident by presence of big giants like Delos Living who specialize in the field. Varied industries like the hospitality industry are participating in the efforts. UK has emerged at the forefront of these developments alongside Singapore and the United States.

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

Contact:              

Ken Research

Ankur Gupta, Head Marketing & Communications

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+91-124-4230204

Artificial Intelligence in Real Estate Market Outlook: Ken Research

Overview: The global real estate sector seems to be on an accelerating disruptive turn highlighted by a change in customer dynamics, demographic shifts and an ever increased demand to access data in order to better serve the users. It is quite clear that the cities are no longer traditional cities which just mean buildings and people, they are moving forward to more advance concepts like smart cities. In this demanding ecosystem companies have no choice but to be aware of the recent developments.  The Real Estate Market Research Reports suggest that it is expected to register a CAGR of 15.9% for the period 2016-2028. With this in mind, the sector is expected to expand its services and also work closely with technological developments.

Outlook: The industry has observed a shift from tradition methods used in this sector to online modes of dealing. After the real estate sector saw a shift to online interaction between a buyer and a seller, companies were able to penetrate further and expand their consumer base since the services are cheap and time saving. They also eliminated the need for a middleman by directly establishing a contact between the buyer and seller. Since past few years online real estate industry is trying to experiment into the artificial reality segment with very positive results.  One of the most prominent methods by which AI has entered the real estate segment is the use of Chat bots. Chat bots are artificial intelligence powered bots that respond to a person’s query using real time speech analysis. Chat bots help companies to save customer service cost and optimize time spent on answering customer questions that are of a common nature. Nowadays companies send out marketing campaigns through mail to their clients and prospects. However, this eventually results in a user losing interest due to a flood of marketing campaigns received. Companies such as ATTOM data (USA) is making use of artificial intelligence to send out dynamic campaigns based on area of interest or a particular property. Another innovation under AI is the use of intelligence search platforms. The Real Estate Industry Analysis shows that earlier customer preferences could be made only on basic information like price, area of choice. Now with the introduction of intelligent search platforms, information like ROI, neighbors etc. now are also available that help in identifying better consumer preferences.

Market: The market for global real estate industry is expected to grow by leaps and bounds. The major key drivers associated with the above growth are:-

Enhanced income level: Income levels have been raising especially in developing economies like India USD 1,461 (2011) to USD 1,709 (2016) and China from USD 5,633 (2011) to USD 8,123 (2016) have been a major reason for increased growth in retail sector. (Source: World Bank)

Smart Phone penetration: Most retail companies provide their services through an application and with growing smart phone penetration throughout the globe causing real estate industry to rise.

Increasing urbanization: Urbanization is expected to grow roughly between 10-15% in the upcoming years which further improves the future of this industry.

Competition: Companies around the globe especially USA and Europe have entered in the online retail market brining in artificial intelligence techniques like Chat bots. Companies like structurally (USA) have developed platforms like Holmes and Home chat which are chat bots helping the company to improve its customer response system. Address report is a solution acquired by ATTOM data that sends dynamic content to its subscribers using artificial intelligence. X.AI - This personal Chabot assistant takes care of the meeting. They will be responsible for determining the best time and location, and will add an invitation to your calendar. Rex real estate exchange (USA) runs a chat bots connecting sellers and buyers and aims at reducing brokerage fee.

Conclusion: The real estate industry is expected to grow exponentially due to factors like increasing income, urbanization etc. Companies are now trying to enter the market by means of Artificial Intelligence that aims at improving customer interaction by reducing time and money.

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

Contact:         

Ken Research

Ankur Gupta, Head Marketing & Communications

sales@kenresearch.com

+91-124-4230204