6CIOReview | | JULY 2022As technological innovations are driving unprecedented changes in every aspect of our lives, the real estate industry is no exception. Steered by this growing reliance on technology, property managers, developers, and even title companies are all looking to leverage proptech to better manage and improve real estate operations and transactions. The shift from mere websites and applications for buying and selling properties to virtual property tours and online real-time monitoring of the properties is turning out to be a boon for the real estate industry, predominantly against the backdrop of social distancing practices induced by the pandemic. According to market research, the PropTech market stood at an estimated market value of US$ 67.5 billion in 2021 and is expected to grow from US$ 18.2 billion in 2022 to US$ 86.5 billion in 2032, at a CAGR of 16.8 percent. The surge in big data, artificial intelligence, and machine learning is attributed to the expanding PropTech market. In addition, the widespread adoption of augmented and virtual reality technologies is an inevitable fact driving this growth. On that note, this edition of CIOReview highlights the sweeping changes and advancements in the PropTech space and how companies are utilizing the latest technological innovations to streamline communication and market management processes. The edition features thought leadership articles from Federico Masias, SVP of Technology at Baird & Warner, and Brian Scruton, Director at Cushman & Wakefield Leasing Services Group. They speak about the challenges faced by the real estate industry in deploying client relationship management tools and how advancements in technology are helping the real estate brokers to maximize their revenue. Along with that, the edition featuring the most promising PropTech solution providers sheds light on Rently, an innovative PropTech solution provider, offering an end-to-end self-guided touring platform that enables real estate operators to provide best-in-class self-touring experiences for their clients while optimizing leasing efficiency and augmenting revenue opportunities. In this edition featuring the most promising PropTech solution providers, we hope you find the appropriate company suited to your PropTech needs. Let us know your thoughts!EditorialGoing the Digital WayCopyright © 2022 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.CIOReviewVisualizersIssac GeorgeMichael Wayne* Disclaimer : Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffJustin Smith Managing Editoreditor@cioreview.comManaging EditorJustin SmithSalesStephen Thomasstephen.thomas@cioreview.com Editorial StaffAaron PierceCarolynn WaltersShirley FaithRussell ThomasEmail:sales@cioreview.comeditor@cioreview.commarketing@cioreview.com JULY - 01 - 2022, Vol 11, Issue - 28 (ISSN 2644-237X) Published by ValleyMedia, Inc.To subscribe to CIOReviewVisit www.cioreview.com CIOReview
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