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
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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.
Contact Us
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Phone: (+1) 888 328 2189
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Blockchain
Ethereum ETFs Aren’t Blockchain But Is A Revolutionary Tech: Top 6 Amazing Reasons To Invest In Them
![ethereum-etfs-aren’t-blockchain-but-is-a-revolutionary-tech:-top-6-amazing-reasons-to-invest-in-them](https://theblockchainexaminer.com/wp-content/uploads/2024/07/51834-ethereum-etfs-arent-blockchain-but-is-a-revolutionary-tech-top-6-amazing-reasons-to-invest-in-them.png)
The financial landscape is rapidly evolving, with the integration of blockchain technology and cryptocurrencies becoming more prominent. Among these, Ethereum ETFs (Exchange-Traded Funds) have emerged as a significant investment vehicle, offering exposure to the Ethereum blockchain’s native cryptocurrency, Ether (ETH), without requiring direct ownership. However, it’s crucial to understand that Ethereum ETFs are distinct from the blockchain itself and serve different purposes in the investment world.
Understanding Ethereum and ETFs
Ethereum: A decentralized platform that enables the creation and execution of smart contracts and decentralized applications (dApps). It operates using its cryptocurrency, Ether (ETH), which fuels the network.
ETF (Exchange-Traded Fund): A type of investment fund that holds a collection of assets and is traded on stock exchanges. ETFs can include various asset classes, such as stocks, commodities, or bonds.
Ethereum ETFs: The Intersection of Traditional Finance and Cryptocurrency
An Ethereum ETF provides a way for investors to gain exposure to the price movements of Ether without directly purchasing the cryptocurrency. This is achieved through an ETF structure, where the fund holds assets linked to the value of Ether, and investors can buy shares of the ETF on traditional stock exchanges.
Key Features of Ethereum ETFs:
- Indirect Exposure: Investors gain exposure to Ether’s price changes without needing to manage or store the cryptocurrency themselves.
- Regulatory Compliance: Unlike the relatively unregulated cryptocurrency market, ETFs operate under the oversight of financial regulators, offering a layer of investor protection.
- Accessibility: Ethereum ETFs are available through traditional brokerage platforms, making them accessible to a broader range of investors.
Why Invest in an Ethereum ETF?
- Diversification: Including an Ethereum ETF in a portfolio can provide exposure to the cryptocurrency market, potentially enhancing diversification beyond traditional assets.
- Convenience and Familiarity: ETFs are a familiar investment product, simplifying the process of investing in cryptocurrencies.
- Professional Management: ETF managers handle the investment decisions, including the buying and selling of assets, which can be advantageous for those less familiar with the cryptocurrency space.
- Regulatory Oversight: ETFs are subject to regulatory scrutiny, potentially offering more safety and transparency compared to direct cryptocurrency investments.
- Potential for Growth: As the cryptocurrency market grows, ETFs linked to assets like Ether may benefit from rising prices.
Key Differences Between Ethereum and Ethereum ETFs
While both are related to the Ethereum blockchain, Ethereum itself and Ethereum ETFs represent different forms of investment:
- Ethereum (ETH):
- Direct ownership of the cryptocurrency.
- Full exposure to Ethereum’s features, including staking and network participation.
- Traded on cryptocurrency exchanges.
- Highly volatile and largely unregulated.
- Ethereum ETF:
- Indirect exposure through shares representing Ether’s value.
- Traded on traditional stock exchanges under regulatory oversight.
- Offers a more stable and familiar investment structure.
- Typically lower volatility compared to direct cryptocurrency ownership.
Future Considerations for Ethereum ETFs
The approval and launch of Ethereum ETFs mark a significant milestone in bringing cryptocurrencies closer to mainstream finance. They offer a convenient and regulated means for investors to gain exposure to the growing digital assets market. However, they also come with limitations, such as not allowing direct participation in the Ethereum ecosystem’s innovations, like dApps and smart contracts.
As the market evolves, we may see more sophisticated financial products that better capture the full potential of the Ethereum ecosystem. For now, Ethereum ETFs provide a balanced option for those interested in cryptocurrency exposure within the framework of traditional finance.
In conclusion, while Ethereum ETFs offer a gateway into the world of digital assets, they should be viewed as complementary to, rather than a replacement for, direct investment in the underlying blockchain technologies. Investors should carefully consider their investment goals, risk tolerance, and the unique attributes of both Ethereum and Ethereum ETFs when making investment decisions.
Source: blockchainmagazine.net
The post Ethereum ETFs Aren’t Blockchain But Is A Revolutionary Tech: Top 6 Amazing Reasons To Invest In Them appeared first on HIPTHER Alerts.
Blockchain
Nexo Reaffirms Commitment to Data Protection with SOC 3 and SOC 2 Compliance
![nexo-reaffirms-commitment-to-data-protection-with-soc-3-and-soc-2-compliance](https://theblockchainexaminer.com/wp-content/uploads/2024/07/51836-nexo-reaffirms-commitment-to-data-protection-with-soc-3-and-soc-2-compliance.png)
Nexo, a leading institution in the digital assets industry, has reinforced its commitment to data security by renewing its SOC 2 Type 2 audit and attaining a new SOC 3 Type 2 assessment without any exceptions. This rigorous audit process, conducted by A-LIGN, a respected independent auditor specializing in security compliance, confirms Nexo’s adherence to stringent Trust Service Criteria for Security and Confidentiality.
Key Achievements and Certifications
- SOC 2 and SOC 3 Compliance:
- SOC 2 Type 2: This audit evaluates and reports on the effectiveness of an organization’s controls over data security, particularly focusing on the confidentiality, integrity, and availability of systems and data.
- SOC 3 Type 2: This public-facing report provides a summary of SOC 2 findings, offering assurance to customers and stakeholders about the robustness of Nexo’s data security practices.
- Additional Trust Service Criteria:
- Nexo expanded the scope of these audits to include Confidentiality, showcasing a deep commitment to protecting user data.
- Security Certifications:
- The company also adheres to the CCSS Level 3 Cryptocurrency Security Standard, and holds ISO 27001, ISO 27017, and ISO 27018 certifications, awarded by RINA. These certifications are benchmarks for security management and data privacy.
- CSA STAR Level 1 Certification:
- This certification demonstrates Nexo’s adherence to best practices in cloud security, further solidifying its position as a trusted partner in the digital assets sector.
Impact on Customers and Industry Standards
Nexo’s rigorous approach to data protection and compliance sets a high standard in the digital assets industry. By achieving these certifications, Nexo provides its over 7 million users across more than 200 jurisdictions with confidence in the security of their data. These achievements not only emphasize the company’s dedication to maintaining top-tier security standards but also highlight its proactive stance in fostering trust and transparency in digital asset management.
Nexo’s Broader Mission
As a premier institution for digital assets, Nexo offers a comprehensive suite of services, including advanced trading solutions, liquidity aggregation, and tax-efficient credit lines backed by digital assets. Since its inception, the company has processed over $130 billion, showcasing its significant impact and reliability in the global market.
In summary, Nexo’s successful completion of SOC 2 and SOC 3 audits, along with its comprehensive suite of certifications, underscores its commitment to the highest standards of data security and operational integrity. This dedication positions Nexo as a leader in the digital assets space, offering unparalleled security and peace of mind to its users.
Source: blockchainreporter.net
The post Nexo Reaffirms Commitment to Data Protection with SOC 3 and SOC 2 Compliance appeared first on HIPTHER Alerts.
Blockchain
Marshall Becomes First US Senator to Walk from Controversial Crypto Bill He Co-Sponsored
![marshall-becomes-first-us-senator-to-walk-from-controversial-crypto-bill-he-co-sponsored](https://theblockchainexaminer.com/wp-content/uploads/2024/07/51838-marshall-becomes-first-us-senator-to-walk-from-controversial-crypto-bill-he-co-sponsored.png)
Republican Senator Roger Marshall has withdrawn his support for the Digital Asset Anti-Money Laundering Act of 2023, a controversial bill he initially co-sponsored with Senator Elizabeth Warren and others. This bill, reintroduced in the Senate on July 27, 2023, aimed to bring the cryptocurrency industry into alignment with existing anti-money laundering (AML) and counter-terrorism financing (CTF) laws.
Key Provisions of the Bill
The legislation proposed stringent regulations on digital asset providers, including unhosted wallet providers, miners, and validators, by classifying them as financial institutions under the Bank Secrecy Act (BSA). It mandated these entities to adhere to BSA compliance requirements, which include extensive reporting and monitoring responsibilities. Additionally, the bill called for the Financial Crimes Enforcement Network (FinCEN) to establish regulations for reporting significant foreign digital asset holdings and to create compliance measures to address risks associated with anonymity-enhancing technologies.
Senator Marshall’s Shift
Marshall’s withdrawal from the bill comes as a surprise, particularly given his earlier criticisms of cryptocurrencies, which he has described as a “threat to national security.” This includes concerns over stablecoins like Tether potentially facilitating illegal activities and circumventing U.S. sanctions. Despite his earlier stance, Marshall’s departure from the legislation suggests a reconsideration of the bill’s implications or an alignment with broader political and industry perspectives on cryptocurrency regulation. His office has not provided a comment on the reasons for his withdrawal.
Political and Industry Reactions
The bill had garnered significant bipartisan support, with 18 co-sponsors, reflecting a broader concern in Congress over regulating the rapidly growing cryptocurrency market. However, it has also faced criticism for potentially imposing impractical compliance burdens that could stifle innovation and push crypto activities offshore. Critics argue that the bill’s stringent requirements could inadvertently drive users toward unregulated platforms, thereby undermining its intent to enhance security and regulatory oversight.
Broader Context
The withdrawal comes at a time when cryptocurrency regulation is a highly contentious issue in U.S. politics. Former President Donald Trump has promised to relax crypto regulations if elected, contrasting with the current administration’s more stringent stance. Under President Joe Biden, the Securities and Exchange Commission (SEC) and other regulatory bodies, led by figures like Gary Gensler, have taken a more rigorous approach to regulating the sector, which has drawn criticism for being overly restrictive.
Senator Marshall’s decision to step back from the Digital Asset Anti-Money Laundering Act reflects the complex and evolving nature of cryptocurrency regulation in the U.S. While the bill seeks to bring greater oversight and security to the crypto industry, it also raises concerns about regulatory overreach and its potential negative impact on innovation and privacy. As the debate continues, the U.S. legislative and regulatory landscape for cryptocurrencies remains in flux, balancing the need for security with the desire to foster technological innovation.
Source: decrypt.co
The post Marshall Becomes First US Senator to Walk from Controversial Crypto Bill He Co-Sponsored appeared first on HIPTHER Alerts.
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