French market
The proptech market in France
Proptech, sometimes also referred to as Real Estech, concerns the application of information technology and digital platforms to the real estate market. The proptech market can be divided into 2 segments:

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Proptech, sometimes also referred to as Real Estech, concerns the application of information technology and digital platforms to the real estate market. The proptech market can be divided into 2 segments:
Smart Building facilitates property management and maintenance;
Contech enables the design of real estate projects.
The global proptech market is dominated by the United States, with Europe a distant second. Together, these two continents account for nearly 66.3% of the global market. The number of proptechs in the United States is also much higher than in the rest of the world.
The market is rather concentrated, as it is dominated by a few companies. For example, in 2019, more than half of the total amount raised went to the 10 largest companies. France is among Europe's leaders in terms of the number of proptechs. In fact, the French market is maturing, as can be seen from the slowdown in the number of proptech start-ups and the decline in the number of fundraisings, despite an increase in the average amount raised.
The Covid-19 crisis has accelerated the digitization of the real estate sector, but there is a difference between small and large structures. While the crisis has brought the biggest proptechs to the fore, those looking for funding, which are more fragile, have had a much harder time withstanding the crisis, notably due to a lack of cash.
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