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The global PropTech market is expected to reach US$ 119.9 billion by 2032, growing at a CAGR of 16.5% during the forecast period. The market is driven by the adoption of digital technologies, rising demand for automation, and the use of cutting-edge technologies like IoT, AI, data analytics, and blockchain in the real estate industry. However, slower adoption of technology and traditional mindset in property processes may hinder market growth.