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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.

Contact Us

Kings Research
Phone: (+1) 888 328 2189
E-mail: [email protected]  
Follow Us: LinkedIn | Facebook | Twitter

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Blockchain Press Releases

Friend.Tech and Base Anti-Phishing Boosted By CoolWallet’s Web3 SmartScan



TAIPEI, Oct. 2, 2023 /PRNewswire/ — Base’s new killer DApp, the decentralized social network, is breaking transaction records with record adoption, but is being targeted by hackers and scammers through phishing attacks.To raise awareness of the importance of hardware wallet protection and promote its powerful Web3 SmartScan transaction screener, CoolWallet has launched a Web3 Guardian competition.

Coinbase’s new Ethereum layer-2 chain, Base, has become a favorite for DApp developers and early investors due to its outstanding performance and the innovative projects it attracts. One DApp in particular, the decentralized social media platform, has driven the bulk of its growth in recent weeks. helping Base repeatedly reach new transaction volume highs despite difficult market conditions.’s rapid rise has garnered widespread attention- according to the latest data, the daily active user (DAU) count of have surpassed the million mark, with its transaction volume consistently hitting new records and its total value locked (TVL) now surpassing $35 million.

However, with any crypto trends comes new security risks, in this case a familiar foe, phishing attacks. This type of social engineering attacks dominate crypto thefts, which by June 2023 had already hit the $650 million mark across the Web3 sector. This month alone has already seen successful attacks targeting high-profile victims Mark Cuban and Vitalik Buterin and stealing millions in the process.

As a result, Base and users are urged to use a reputable hardware wallet to secure their tech digital assets by protecting their private keys and screening transactions.

In response, hardware wallet maker CoolWallet, which natively supports the Base ecosystem, has launched an anti-phishing campaign titled  Web3 Guardian Competition to create awareness and promote its unique defense capabilities such as CoolWallet SmartScan, which proactively screens all Web3 transactions and flags malicious behavior or smart contract vulnerabilities before users are exploited.

How works has garnered a cult following among crypto enthusiasts as one of the first decentralized social networks to be built on the Base blockchain. It’s powered by blockchain and smart contracts, where users must buy “shares” of another person in order to chat with them. Its tagline is “Your network is your net worth”.

To use, users must first sign up with their Twitter (X) account, create a profile and then start trading shares of other users who have also signed up. A user’s share price is determined by factors like their popularity, reputation, and overall demand.

Buying shares of another user gives you access to them, allowing you to message them directly and chat. The more shares you buy, the higher a priority your messages will be. recommends hardware wallet protection

With crypto phishing attacks claiming even high-profile victims such as Vitalik Buterin and Mark Cuban as victims in recent weeks, it’s no surprise that also places great emphasis on asset security.

It therefore recommends that users utilize a hardware wallet for enhanced protection against threats like phishing sites. Storing assets offline makes them less accessible to online hackers, thus offering greater security.

CoolWallet’s SmartScan Flags Web3 Phishing Threats

CoolWallet (established in 2014) has since the launch of its CoolWallet Pro flagship model in 2021 pivoted strongly to securing Web3 assets, which requires users to interact with DeFi protocols that could potentially drain their accounts if they authorize the wrong transaction.

CoolWallet Pro in particular makes for an ideal hardware wallet as it’s one of the first cold wallets to support the Base network, and boasts several elite security features, such as:

  • an EAL6+ secure element
  • biometric verification (both on phone and device)
  • tamper proof and waterproof design

Importantly, its CoolWallet App comes with real-time Web3 transaction analysis scanning called Web3 SmartScan.

While cold storage is as safe as can be, the biggest vulnerability remains human error or a lapse in judgment, where the user is tricked into authorizing a bad transaction or revealing their recovery seed or private key to a bad actor.

CoolWallet’s SmartScan, available on its CoolWallet App, provides Web3-native protection against phishing attempts. It automatically screens transactions and flags attempted phishing, suspicious transactions and smart contract vulnerabilities. This makes using cold storage even safer to use, and elevates CoolWallet above other hardware wallet brands.

Web3 Guardian Competition- Secure Your Crypto for the Next Bull Run!

To promote Web3 asset protection among blockchain users and help them safeguard their crypto portfolio with SmartScan until the next bull run, CoolWallet is launching a global new competition aimed at enhancing user security awareness with generous rewards to participating users.

For more details, please visit their website’s event page or X (Twitter) account

About Base:

Base is a secure, low-cost, builder-friendly Ethereum L2 built to bring the next billion users on chain.

About is an emerging DApp focused on social interactions and cryptographic asset management. It provides users with a secure and efficient blockchain platform. The platform currently operates on the Base chain and is continuously expanding its features and user base.

About CoolWallet

CoolWallet is a pioneering Web3 hardware wallet brand established in 2014 by CoolBitX that offers users the comfort of convenient and fully portable cold storage of all digital assets, including DeFi and NFT crypto assets.

CoolWallet Pro is a flagship Web3 hardware wallet that boasts a wafer-thin smart card form factor, an EAL6+ secure element, military-grade Bluetooth encryption, and a tamper proof and water-resistant exterior, while its custom CoolWallet App offers users a choice of DeFi marketplaces, DApp support and real-time transaction screening.

CONTACT: Domo Zhuang, [email protected]

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Blockchain Press Releases

Webb Unveils Tangle Network Testnet, Pioneering the Future of Private, Decentralized Applications



NEW YORK, Sept. 29, 2023 /PRNewswire/ — Today, Webb announced the launch of its much-anticipated Tangle Network Testnet, setting the stage for a new era of private and decentralized applications.

About Webb

Led by founder Drew Stone, Webb is the premier cross-chain zero-knowledge messaging layer, committed to revolutionizing blockchain privacy. Backed by industry giants like Polychain, Lemniscap, and Commonwealth Labs, Webb introduces a suite of tools aimed at advancing zero-knowledge (ZK) and multi-party computation (MPC) applications across multiple blockchains.

The Challenge and Our Solution

Blockchain networks today face significant hurdles: limited interoperability, scaling difficulties, centralized control, and privacy concerns. Webb’s Tangle Network, built on the powerful Substrate framework, is designed to tackle these challenges by offering a next-generation blockchain platform.

Why Tangle Network?

Our vision is to make it easier for developers to create secure, private zero-knowledge (ZK) and multi-party computation (MPC)-based decentralized applications. Tangle Network simplifies:

  • Proof Generation: Delegate computational tasks to our validators.
  • Trusted Setups: Tangle Network manages complex ceremonies for you.
  • Secure Signing: Utilize our threshold signing for cross-chain operations.

By removing these barriers, we massively improve the time to launch for ZK and MPC-based decentralized applications.

Noteworthy Features

  • Unparalleled speed, security, and scalability via Substrate.
  • Decentralized control through Distributed Key Generation (DKG).
  • Advanced protocols for zero-knowledge applications.
  • Cross-chain compatibility with IBC and XCM.
  • Easy migration of existing apps through Ethereum Virtual Machine (EVM) support.
  • Smooth, forkless upgrades.

What’s Next?

The Testnet launch kicks off with an in-depth whitepaper, followed by a series of engagement events during the testnet phase. Our mainnet is scheduled for a Q1/Q2 2024 launch, featuring hackathons, workshops, and a targeted grant program to accelerate the adoption of privacy-focused applications.

Testnet Quick Links

Get Involved

  • Developers: Start building on Tangle today. Learn More
  • Validators and Relayers: Help secure and maintain the network. Learn More
  • Join the Community: Follow us on Twitter or join our Discord.

Contact Us
For media inquiries, partnerships, or more information, email us at [email protected] 

Visit our website

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Blockchain Press Releases

ChainUp Celebrates 6th Anniversary, Charting Blockchain Innovations beyond Digital Assets



SINGAPORE, Sept. 29, 2023 /PRNewswire/ — ChainUp, a Singapore-based trailblazer and global leader in the blockchain industry, marked its sixth anniversary celebration with more than 500 business partners at Ce La Vi Singapore. During the celebration, ChainUp Founder and CEO, Sailor Zhong reflected on the journey, “Six years in the blockchain industry showcases our resilience, innovation, and forward-looking approach. As we look to the future, we are committed to shaping a digital asset environment that is reliable, transparent, and unparalleled. ChainUp aims to champion blockchain solutions beyond the applications of digital assets and bridge the gap between digital asset markets and traditional finance (TradFi) to increase effectiveness and market efficiency.”

The DEX Renaissance
As decentralized finance (DeFi) comes into prominence and focused on returning control to users, one of the sectors impacted by DeFi are the exchanges where cryptocurrencies are traded. Data from CoinMarketCap reveals that trading volumes on Decentralized exchanges (DEX) reached $1.2 trillion in 2022, indicating a 340% YoY growth. However, factors such as poor user experience impeded the rate of adoption of DEX. Recognizing this trend, ChainUp has updated its white-labeled DEX solution, incorporating advanced features, strengthening its security, improving its liquidity and aims to provide a decentralized trading experience that is on par with commonly-used centralized exchanges (CEX).

Bridging TradFi and Digital Assets Market
The traditional financial sector has been progressing very cautiously on digital assets. As more institutions lean into RWA tokenization, they unlock unparalleled liquidity in a borderless trading environment. Amidst this evolution, ChainUp’s RWA solutions emerge as an industry pioneer, offering robust tokenization protocols, seamless integration, and enhanced security, bridging the gap between TradFi and the digital future with unmatched finesse.

Minimizing Risk and Maximizing Security
ChainUp’s MPC Wallet revolutionizes crypto security by integrating MPC technology with advanced hardware isolation, ensuring utmost safety and encryption on data. The wallet offers dynamic key-refreshing mechanisms, chain-agnostic compatibility, and eliminates single-point vulnerabilities. With efficient multi-address management and 24/7 expert support, users enjoy full asset control, scalability, and cost-efficiency, all under one roof.

Compliance: The Guiding Principle
Navigating global regulations in the blockchain sector can be complex. ChainUp’s KYT subsidiary, Trustformer, offers peace of mind for enterprises tackling compliance-related challenges.  ChainUp’s advanced solutions in Anti-Money Laundering (AML) and Counter-Terrorist Financing (CFT) show their commitment to a more secure blockchain environment.

For detailed insights into ChainUp’s innovative solutions, please visit:

About ChainUp
Headquartered in Singapore, ChainUp is a global leading end-to-end blockchain technology solutions provider covering infrastructure development and ecosystem support. Built on the mission to empower businesses through blockchain technology, ChainUp’s innovative and all-around compliant solutions include digital asset exchange, KYT, NFT trading, wallet, liquidity, Web3.0 infrastructure, digital asset custody, security token offerings and more. Established in 2017, ChainUp has offices around the world, serving more than 1,000 clients in 30 countries, reaching over 60 million end-users.

CONTACT: Jacelynn Pang, [email protected] 

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