The use of AI in the real estate market is projected to skyrocket to a staggering $1335.89 billion by 2029 (It used to be $163.46 billion in 2022), fueled by a remarkable 35% compound annual growth rate.
This explosive growth isn’t just a coincidence – it’s a testament to AI’s immense potential to revolutionize how we buy, sell, manage, and invest in properties. Get ready, the future of real estate is intelligent, and it’s arriving sooner than you think.
Artificial intelligence in real estate isn’t some futuristic fantasy. But it is the driving force behind revolutionizing the workflows, processes, and systems across many industries – the real estate industry is not an option.
Why Businesses Must Integrate AI in Real Estate?
As the real estate industry continues to evolve, leveraging cutting-edge technologies has become a necessity. Similarly, embracing artificial intelligence is no longer a choice, but a necessity for businesses interested in getting a competitive edge.
Here are some compelling reasons why real estate businesses are opting for implementing AI in the real estate industry.
-
1) Advanced Real Estate Analysis
2) Personalized Customer Experience
3) Intelligent Investment Strategies
“The playing field is poised to become a lot more competitive, and businesses that don’t deploy AI and data to help them innovate in everything they do will be at a disadvantage"
