Report | Adaptive Spaces
PropTech in India looking towards 2030
Looking towards 2030
09 Sep 2021 10 Minute Read
In 2019, CBRE Research’s ‘India 2030: Exploring the Future’ report gave a sneak peek into what the future would hold for India’s growth. We determined five pillars that would be key to India’s growth trajectory – demographics, cities, real estate, climate and sustainability and, most notably, technology.
This report by CBRE Research analyses six disrupting technologies that are remodeling real estate and assesses opportunities that are improving the experience of all stakeholders, viz., developers, investors, occupiers, and employees.
To delve deeper into our India analysis and get a lowdown of the city dynamics, please click on the download button.
CBRE has identified six disrupting technologies that are currently reshaping businesses worldwide and significantly impacting real estate
Software-as-a-Service (SaaS) / Cloud ComputingThe global SaaS market is expected to grow at about 15% CAGR between 2019-22 to USD 230 billion.
Artificial Intelligence (AI)AI is likely to contribute nearly USD 15.7 trillion to the global economy by 2030 through productivity gains and consumption side effects.
Internet of Things (IOT)The number of IoT-connected devices across the world is expected to triple from 8.7 billion in 2020 to 25.4 billion by 2030.
Robotic Process Automation (RPA)Globally, RPA software revenue is likely to reach USD 1.89 billion by 2021, growing by 19.5% y-o-y. The RPA market is further forecasted to grow at double-digit rates until 2024.
Virtual Reality (VR) / Augmented Reality (AR)Together, these two technologies have the ability to raise global GDP by up to USD 1.5 trillion by 2030 as they would generate new revenue streams along with reducing operational costs.
BlockchainThis technology has the potential to boost global GDP by USD 1.76 trillion by 2030.