A focus on Artificial Intelligence based products and services whose growth is expected to catapult further in the coming years is also important. AI is empowering the sales and marketing processes. Real estate marketplaces are drawing on the benefits that AI has to offer and so are intermediaries relying on the technology to boost sales. Bringing big data and AI to the forefront in PropTech to speed up revenues has been a much-needed tech step-up for the real estate industry. Facilities Management segment is being disrupted with its transformation from being low-tech to an all-tech space in a growing number of places globally. The segment emerged as a lucrative area within PropTech bringing to the market what was needed for a long time – simple and high-impact services. SpaceIQ and Envoy are two of the many trailblazers in this niche which is made up of both residential and commercial spaces facility management service providers. Technology has enabled and is continuously enhancing the efficient and sustainable management of properties.

Sustainability is the cornerstone for the array of businesses emerging in the PropTech segment of late. Green building solutions, are an important item on the checklist  in  the  development  of  all kinds of real estate. The concept of eco- friendly structures percolates all the way to the construction phase and Startups like Elevate Structure stand out among the other leading names. Big data, AI, and IoT applications to achieve sustainable real estate measures are yet to saturate, and the current buzz around applications using these technologies for making a building into a sustainable building is still not uniformly popular across the globe. Climate change and the decreasing non-renewable resources have pushed for development of new segments in every industry. The global trends and demands in PropTech services indicate towards green and smart buildings as the upcoming segments whose trends will dominate the industry in the next five years.

The green building segments attracted investments of $1.8 billion cumulatively from 2005 to 2018 displaying a CAGR of 29% during this period. While we talk about PropTech developments, it is imperative to talk about the surge in marketplace companies being launched. Online  marketplaces  (both real estate and related services &  products)  are some of the oldest examples of tech in real estate. The segment has seen a sharp rise in revenues and investments as technologies like augmented reality, virtual reality, and AI make way into these segments.

Better accessibility and personalization are further fuelling PropTech businesses around the world. With ways of working and living changing and the world moving towards a gig-based economy, the segment affiliated to these concepts have also expanded. The shared economy and marketplace segments have together found a place among the fastest-growing segments with some of the highest investments in the data analysed by HexGn for the aforementioned time period. The introduction of newer segments like senior living, marketplace, and green building among the others can perhaps be attributed to rising innovations and newer consumer groups. Some of these new segments in the industry and the consumer groups have also changed the trajectory for various socio-cultural concepts.

Tech-driven senior living communities and related services have helped in the creation of new segments that  are  the  intersection of PropTech and health tech. Shared  living and working spaces serve as unique arenas to network with people bridging all kinds of barriers. Traditional PropTech ideas have advanced with the help of deep tech and newer areas emerged in the last decade and so have new resources for funding. Crowdfunding and shared ownership patterns are inching towards becoming mainstream methods for people to buy real estate products.