Blockchain Press Releases
Facility Management Software Market to Reach a Valuation of USD 3.59 Billion by 2030, With Rising Adoption of Cloud-based Solutions Across the Globe, States Kings Research
DUBAI, UAE, Aug. 17, 2023 /PRNewswire/ — As per the latest report released by Kings Research, the Global Facility Management Software Market was valued at USD 1.79 billion in 2022 and is foreseen to amass a revenue of USD 3.59 billion by 2030, exhibiting a CAGR of 9.29% over 2023-2030. Several factors, including the rising acceptance of cloud-based solutions and the growing implementation of Computer Aided Facilities Management (CAFM) and Integrated Workplace Management Systems (IWMS) systems, are expected to contribute significantly to the growth of the market.
Through web-based solutions, facility management software enables businesses to efficiently manage their program for property repairs and maintenance. As the practice of outsourcing facility management services gains popularity, businesses are being prompted to reassess their operating models in order to maximize value generation before enlisting the help of third-party providers.
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Competitive Landscape
The global facility management software industry is highly competitive due to the presence of leading players dominating the market share. Market participants are actively focusing on several business strategies, including R&D activities, product launches, and mergers & acquisitions, to gain a competitive edge in the business. For instance, FM:Systems introduced FMS:Marketplace in April 2023, a solution that enables real estate, facility managers, and security professionals to achieve elevated levels of productivity and efficiency.
Key players operating in the facility management software market are:
- Frontu
- Accruent
- IBM Corporation
- SAP SE
- Oracle
- Planon
- iOFFICE, Inc.
- FM:Systems
- Trimble
- Schneider Electric
- MRI Software, LLC
- Jones Lang LaSalle IP, Inc.
- eFACiLiTY
- UpKeep Technologies, Inc.
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Trending Now: Facility Vitals Software Inc. Launches Revolutionary Facility Management Software Solution
In March 2023, Facility Vitals, a well-known provider of facility management solutions, released an innovative software solution. This solution was devised to completely change how facility managers perform their business operations. The new software from the company was intended to help facility managers manage their facilities with greater efficacy.
Unlike other facility management solutions currently available on the market, Facility Vitals’ software offers a wide range of features and advantages. The software comes with asset labels that are easy to read and have QR codes, making it simple for facility managers to track and manage their assets. The platform’s user-friendly interface, which is accessible on both mobile and online applications and doesn’t require any additional software, allowing customers and employees to submit issues quickly and easily. Both platforms have issue-tracking features, which ensure that issues are fixed quickly and efficiently.
Market Segmentation
By Offering
- Solution
- Services
Facility Management Software Solutions to Gain Traction Across Several Industries
The facility management software market share from the solution segment is anticipated to grow at a strong CAGR of 10.09% through the study timeline due to its rising application across several industries in order to support asset management processes as well as streamline maintenance. Software solutions for facility management have been created mainly to ensure the efficient, secure, and persistent operations of infrastructure and buildings while also lowering costs and maintaining legal compliance across a wide range of industries.
These solutions provide effective facility management, which includes resource allocation, security, maintenance, and environmental sustainability, optimizing operational performance and boosting overall organizational effectiveness. To cite an instance, in order to further strengthen its ecosystem of digital solutions for managing sustainable smart buildings, Planon acquired a substantial share in Ubigreen in January 2023. This acquisition added significant capabilities to Planon’s energy & sustainability management software portfolio.
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By Deployment
- Cloud-based
- On-Premises
Convenient Facility Management Offered by Cloud-based Deployment to Support Market Growth
The cloud-based segment is anticipated to experience substantial growth over the forecast period, growing at a projected CAGR of 10.38% between 2023 and 2030. It enables more convenient remote facility management, real-time tracking, and improved security. The growth of the segment is primarily attributable to factors such as a greater focus on sustainability, the use of IoT and big data analytics, and the development of mobile technologies and apps.
For instance, in April 2023, Spacewell introduced Spacewell Maintenance, a cloud-based solution that aids businesses of all sizes, from small businesses to large corporations, in streamlining their maintenance operations, reducing costs, and upholding regulatory compliance.
Rising Adoption of Facility Management Cloud-based Solution to Augment Market Revenue
The expansion of the global facility management software market is primarily being driven by the increasing uptake of cloud-based facility management solutions across varied industries. The solution offers a number of features, including remote monitoring of assets, facilities, and inhabitants, preventative maintenance planning, proposal management, data analytics, contractor sourcing & management, and repair & maintenance management.
Moreover, the rapid growth of the market is being fueled by the increased emphasis that governments in numerous nations are placing on infrastructure development, particularly at railways, ports, airports, and other facilities. In addition, prominent partnerships among private contractors and government projects with international companies are anticipated to fuel market growth.
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Presence of Leading Solution Providers in North America to Aid Market Growth
North America is anticipated to dominate the facility management software market, accruing USD 1.22 billion by 2030. The regional growth is mainly attributable to the booming healthcare and telecommunication sectors. In addition, the presence of numerous businesses in the United States and Canada is further fostering market growth. The increased focus of major IT service providers on R&D activities to develop cutting-edge software solutions is also anticipated to bolster the demand for facility management software within the region.
Government Investments in Construction Projects to Bolster Product Demand across APAC
Asia Pacific is expected to be the fastest-growing region in the facility management software market, accounting for USD 990.5 million in revenue by 2030. Governments are investing heavily in construction and infrastructure projects, including new construction, civil engineering, and revitalization of already established facilities. These infrastructural improvements are anticipated to offer considerable growth opportunities for the industry. Additionally, rapid urbanization and industrialization across APAC are likely to foster the regional market outlook.
Table of Content
1 Introduction of The Global Facility Management Software Market
1.1 Market Definition
1.2 Market Segmentation
1.3 Research Timelines
1.4 Limitations
1.5 Assumptions
2 Executive Summary
3 Research Methodology
3.1 Data Collection
3.1.1 Secondary Sources
3.1.2 Primary Sources
3.1.3 Research Flow
3.2 Subject Matter Expert Advice
3.3 Quality Check
3.4 Final Review
3.5 Bottom-Up Approach
3.6 Top-down Approach
4 Global Facility Management Software Market Outlook
4.1 Market Evolution
4.2 Overview
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.3.4 Challenges
4.4 Pricing Analysis
4.5 Porter’s Five Forces Analysis
4.6 Value Chain Analysis
4.7 Macroeconomic Analysis
5 Impact Of The Russia-Ukraine War
6 Global Facility Management Software Market, By Offering
7 Global Facility Management Software Market, By Deployment
8 Global Facility Management Software Market, By Vertical
9 Global Facility Management Software Market, By Geography
10 North America
11 Europe
12 Asia-Pacific
13 Middle East and Africa
14 Latin America
15 Global Facility Management Software Market Competitive Landscape
16 Company Profiles
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About Us:
Kings Research stands as a renowned global market research firm. With a collaborative approach, we work closely with industry leaders, conducting thorough assessments of trends and developments. Our primary objective is to provide decision-makers with tailored research reports that align with their unique business objectives. Through our comprehensive research studies, we strive to empower leaders to make informed decisions.
Our team comprises individuals with diverse backgrounds and a wealth of knowledge in various industries. At Kings Research, we offer a comprehensive range of services aimed at assisting you in formulating efficient strategies to achieve your desired outcomes. Our objective is to significantly enhance your long-term progress through these tailored solutions.
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Blockchain Press Releases
Compass Mining Scales Texas Operations with 25 MW Bitcoin Mining Facility, Plans Further Expansion
Energizes Over 50 MW in 2024 Across Six States, with 35 MW Coming Online by January 2025
WILMINGTON, Del., Dec. 20, 2024 /PRNewswire/ — Compass Mining (“Compass” or the “Company”), a leading provider of Bitcoin mining hardware, hosting, and operational solutions, proudly announces the addition of a new 25 megawatts (MW) Bitcoin mining facility in Texas to its growing network of North American operations. The facility is already fully built out and will be operational with an initial 5 MW of capacity by year’s end, scaling to 25 MW in early January 2025. Compass also plans to expand the facility’s capacity to 60 MW by Q3 2025.
The new Texas facility will house a mix of relocated machines from Compass’s existing sites, as well as newly deployed units, ensuring continuity for current customers while offering new clients a seamless and turnkey Bitcoin mining experience. By January 2025, new customers purchasing machines through Compass’s platform will have the option to deploy them at the “Texas 6″ site.
“Our new Texas facility represents another milestone in our mission to make bitcoin mining more accessible for everyone,” said Paul Gosker, CEO of Compass Mining. “We bring a wealth of experience from successfully operating at multiple locations across Texas, navigating the unique grid dynamics and leveraging local resources. For this site, we will provide our support and expertise, including assisting our site partner in hiring expert technicians who meet Compass’s high standards. This ensures high uptime and reliability, delivering the quality our customers expect.”
Compass’s strategy combines vertical integration through proprietary facilities, such as the new Iowa 4 site, with partnerships at third-party facilities renowned for high uptime and reliability. This dual approach allows the company to maintain operational flexibility while delivering reliable hosting solutions. The company has energized a total of approximately 50 MW of power capacity across mining facilities in Indiana, Iowa, Ohio, Kentucky, Nebraska, and Texas in 2024, with plans to add another 35 MW by January 2025.
About Compass Mining
Compass Mining is a customer-first company that provides a platform for individuals and businesses to purchase Bitcoin mining hardware, host machines, build and manage mining facilities, and access a range of ancillary services. With a commitment to exceptional customer support and transparency, Compass Mining sets the benchmark for bitcoin mining hosting. Its mission is to make Bitcoin mining accessible to everyone. To learn more about Compass Mining or to start mining today, visit compassmining.io.
Media Contact
BlocksBridge Consulting
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DUBAI, UAE, Dec. 20, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, will be extending the festive fun with lavish virtual gifts for Bybit Card holders. From Dec. 20, 2024 to Jan. 31, 2025, with every swipe of their Bybit Card, users may get a chance to unwrap mystery gift boxes, including 1,000 in USDT and other exciting airdrops from DOGE to BTC—all rewards, no catches.
For each 100 USDT spent in eligible purchases with the Bybit Card, users will receive a lucky draw ticket to redeem a gift box on Bybit. Each gift box promises a crypto reward—from Christmas baubles in DOGE, SOL, ETH, XRP and BTC airdrops, all the way up to the grand prize of 1,000 in USDT. Registration is required and the special Holiday Giveaway ends at the end of Jan. 2025.
For users looking for a convenient way to utilize their crypto assets for daily spendings and debit payments, it is not too late to apply for the Bybit Card. The application and verification process takes minutes, and a virtual card will be issued as soon as the card is approved, enabling seamless digital payment on Apple and Android devices in applicable regions.
“The Bybit Card takes the hassle out of crypto off-ramp for regular users and weaves rewards and benefits into daily spendings. On top of regular cashbacks, we are introducing extra perks as our token of thanks to wrap up an eventful year in crypto,” said Joan Han, Sales and Marketing Director at Bybit.
The Bybit Card made expansive global footprints 2024 as crypto adoption continues to rise in the past year. Trusted and frictionless crypto payment solutions are in demand in various parts of the world, and Bybit is one of the natural habitats of crypto native consumers. Spanning from Buenos Aires to Amsterdam, the Bybit Card community is growing and so are the perks:
- Up to 10% cashback in USDT, BTC and ETH on eligible purchases
- Zero fees for instant virtual card issuance
- Zero annual or hidden fees
- Up to 8% APY
Enjoy this festive season in all its splendor. Eligible Bybit Card holders from all regions are welcome; terms and conditions apply: Bybit Card Holiday Giveaway: Swipe, Spend & Sparkle!
#Bybit / #TheCryptoArk #theBybitCard
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
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Blockchain Press Releases
Bybit P2P Unlocks 20,000 USDT Prize Pools for Select Users in South Asia and Africa
DUBAI, UAE, Dec. 20, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, will be concluding 2024 with lucky spins all around for eligible users on Bybit P2P. With a chance at two grand bonus pools of 10,000 USDT each, select users in parts of South Asia and Africa stand to make the most of their P2P trades at Bybit.
From now to Dec. 31, 2024, eligible users may create their own P2P trading bonus at Bybit and unlock 100% chance of winning:
- South Asia: Eligible users in South Asia may sign up for the Grand Spin Extravaganza
- Africa: Eligible users may register to enter the P2P Prize Spinner
Successful participants may complete one or more referral, deposit, or trading tasks to earn up to 10 Lucky Draw Tickets. Tasks start at beginner level including a first-time deposit of 10 USDT. With a Ticket, users get to spin the wheel of fortune for a guaranteed airdrop from the 10,000 USDT Prize Pool.
As communities in the Global South start to build and diversify their wealth, millions are in dire need of modernized and inclusive financial infrastructures. The digital asset class offers an alternative for grassroot investors in emerging markets, demonstrating transformative power to shape the future of growth.
Bybit’s peer-to-peer trading platform provides user-friendly and trusted tools for P2P merchants and buyers. Users can compare and execute trades at an optimal price agreed upon by both parties, carried out on Bybit’s ultra smooth trading platform at zero fees. Supporting over 60 fiat currencies and over 300 payment methods, Bybit P2P contributes to democratizing access to the digital economy.
Users who have completed Bybit Identity Verification Level 1 may log in to confirm their eligibility. Terms and conditions apply.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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