Global PropTech market to exceed $53 billion by 2026 — industry expert

The global PropTech market is expected to surpass $53 billion in 2026, according to industry projections presented at a WUF13 panel session in Baku, according to Report.

Speaking at the session "Urban Value Chain in Action: Business Leadership for Inclusive, Smart and Sustainable Cities," Rim Alharbi, Vice President of FIABCI–Saudi Arabia and COO of Eye of Riyadh, noted that the sector had already exceeded $47 billion in 2025, reflecting strong market maturity.

She highlighted that more than 9,000 PropTech companies are currently operating worldwide, with the United States remaining the dominant market, valued at around $15 billion. The United Kingdom is projected to take second place in 2026 with a market size exceeding $4 billion.

Alharbi also pointed to Saudi Arabia"s rapid rise in the sector, noting that it was not among the top 15 global markets in 2024 but had already climbed to approximately seventh place in 2025, with a market share nearing $1 billion.

She further emphasized the growing role of artificial intelligence in real estate, estimating that AI could generate up to $550 billion annually in the global property sector, while over 75% of industry executives are already using machine learning tools in their daily operations.