Artificial Intelligence
UAE Facility Management Market – Growth, Trends, Forecasts (2020 – 2025)
New York, Dec. 04, 2020 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “UAE Facility Management Market – Growth, Trends, Forecasts (2020 – 2025)” – https://www.reportlinker.com/p05989480/?utm_source=GNW – The Middle East Facility Management Association (MEFMA) announced that it is holding the 9th edition of its MEFMA CONFEX in March 2019, where UAE hosted the most significant facilities management (FM) event in the region. The event highlights the local market’s critical role in the continuous development of the regional FM community. Around 500 to 600 visitors from the private and government sectors joined the event to strengthen the FM community in the Middle East and make it globally competitive. Key Market Trends – The commercial sector covers office buildings occupied by business services, such as corporate offices of manufacturers, IT and communication, finance and insurance, property, and service providers. According to the 2019 World Economic Forum (WEF) Global Competitiveness Index (GCI), the Information and Communication Technology (ICT) sector in the UAE has achieved significant progress in the global ranking from the 6th to 2nd. Additionally, the Emirates Green Building Council increases awareness and knowledge about green building practices in the UAE. Hence, several IT companies and corporate offices of manufacturing companies in the region have invested in sustainability development, which has driven the country’s demand for facility management solutions. Construction Boom Owing to the Growing Clout of MNC’s is Expected to Drive the Market – With a favorable tax environment, access to financial and natural resources, educated workforce, and trading opportunities, UAE became an ideal place to expand the business. Due to its central location and geographic proximity to countries in the Middle East, Asia, Eastern Europe, and Africa, the companies can reach more than 1 billion potential customers. With a significantly low cost of living and zero corporate tax, MNCs can also enjoy a higher degree of profitability. The UAE has received a significant market share in advertising dollars over the last few years. In 2019, Euronews reported that global advertising in the MENA region reached USD USD 579 billion, with a significant portion of this directed in Dubai. These instances could pave the way for several digital marketing companies in eyeing UAE as its operating destination. Competitive Landscape – June 2020 – Imdaad announced the launch of its new disinfection service, the Infinite Protection Package. The new service will be operated by Isnaad, a subsidiary of Imdaad that provides a comprehensive range of soft facility management and is the latest in a series of innovative solutions aimed at creating a clean, safe and healthy UAE. Reasons to Purchase this report: About Reportlinker __________________________
There is potential as Dubai was awarded the ’platinum rating’ in the LEED (Leadership in Energy and Environmental Design) for Cities certification by the US Green Building Council in 2019.
– EFS Facilities Services Group, a UAE-based provider of integrated facilities management solutions, announced that it had achieved contract wins worth greater than USD 46.2 million in 2019. The company marked several accomplishments of flagship projects, such as large government entities in the UAE. Also, another UAE-based facility management provider, Emrill, has announced contract wins and renewals for 2019 of over USD 167 million, with an increase of over 23% compared to the previous year. The company got multiple new contracts throughout 2018 and 2019, including Marina Gate, Dubai Hills, Dubai Creek Residences, and Downtown Dubai, where Emrill provides integrated facilities management to a diverse range of sectors residential, commercial, retail and hospitality. During the period, Emrill secured over USD 44 million in new project awards.
– Complementing the United Nations Sustainable Development goals, in January 2020, Tafawuq Facilities Management has announced that it will offer FM support services to Al Noor Training Centre. The donated services include replacing old lights and light panels with new sustainable LED lights to improve lux levels and achieve a reduction in energy consumption that will ultimately help the environment and cut costs for Al Noor. In July 2019, Tafawuq Facilities Management announced a boat’s addition to its growing fleet of vehicles in Abu Dhabi. The launch of its first waterborne vehicle allows the company’s operational teams to keep various locations on Reem Island free from debris, including the surrounding waterways and mangrove areas. The company recognizes that mangroves are some of the UAE’s most sensitive natural habitats, being breeding grounds for fish, birds, and other organisms as well as acting as a carbon sink.
– In March 2019, Tafawuq Facilities Management inaugurated the Tafawuq Facilities Management Training Center in UAE. The company is committed to continuously improving daily operations as well as service delivery in line with the group’s Vision 2021 for business transformation; the training center will offer a range of courses to the company’s operations staff covering key learning areas such as electrical, mechanical and plumbing training in accordance to the international standard SFG20; training on safe work practices in line with British Safety Council standards; training on cleaning techniques aligned to British Institute of Cleaning Science (BICS); training on local regulations related to facility management (FM) and customer service training. The courses and will be designed to enhance employees’ skill sets through continuous learning.
– According to business leaders at the Dubai Chamber of Commerce and Industry webinar, the COVID-19 pandemic is leading more businesses in the UAE to adopt sustainable building solutions as they reopen and return to 100% capacity. In Jue 2020, facilities management provider Transguard Group has announced that its deployments during the height of the COVID-19 pandemic averaged 44,000 each month and included two of the UAE’s new field hospitals, shopping malls, hypermarket warehouses, among others. Transguard’s operations and management teams, who began working from home in March 2020, continued to ensure that all sanitization options were available to its clients, which guaranteed that the customers continued to experience the service level, regardless of the obstacles and difficulties presented by the virus.
Commercial and Retail is Expected to Hold Significant Share
– Economic growth, ongoing diversification, and a growing population– especially among high-worth individuals- have led to an increase in retail sales in the region. With the collective effort of the private and government institution, UAE’s retail has seen a massive transformation in the last few years. With thousands of square feet in retail space, destinations such as Dubai and Abu Dhabi have utilized its resources to draw visitors from across the world. Dubai is hailed as the queen of “Shopping Malls” and is considered one of the world’s most important markets. All these are reliable indicators that it remains a definite destination for the majority of brands looking to enter the region for the first time, which is expected to create a positive impact on facility management in the retail sector.
– In September 2019, Tafawuq Facilities Management announced that it had been awarded the FM contract from KOA Real Estate Development. Tafawuq will provide a broad range of FM services to KOA Canvas’ respective retail and commercial units of Nasab and Noa in Dubai. The services that the Nasab commercial unit will receive include: Cleaning services – typical areas, offices, stairwells, gym; Specialized maintenance services – landscaping, swimming pools, and irrigation, steam, and saunas; Lifeguard and Security services. The Noa unit will be provided with the same services as the commercial unit and specialized services for pest control, duct, and ecological unit maintenance.
– In January 2019, Tafawuq Facility Management announced that the World Trade Center Abu Dhabi has initially awarded it a significant facilities management services contract for three years. Under the terms of the agreement, the company’s scope of work will include the provision of permanent staff in specific locations; implementation of international cleaning standards as per BICS; disruptive cleaning; routine housekeeping; periodic cleaning; reactive cleaning; graffiti and stain removal; cleaning of external areas; cleaning of exterior building fabric; window/glass cleaning; equipment and consumables; cleaning audits; zoning of premises; waste management; landscaping, irrigation, and internal planting; high-level cleaning of roofs, windows, facades, and pest control.
– As part of the Smart Dubai 2021 campaign, Dubai has formalized its goal to be a smart city that embraces technology and the future. It is listed as the top smart city in the MENA region in the Smart Cities Index. It has served as an essential destination to many tech-based businesses and is home to more than 1,200 tech startups. Opportunities exist for various IT and web development innovations, including app development online PR firms, online marketing, and online security. Almost every sector offers significant business opportunities based on the creation of new technologies. In June 2020, Etisalat expanded its SmartHub in the UAE with a tier 3 data center facility at two new locations. The opening of the new facilities in Dubai and Fujairah is in line with the UAE’s vision to become an ICT hub for the region addressing the diverse requirements of global technology companies.
– The UAE government is furthering its push into technology and artificial intelligence to future-proof its oil, trade, and tourism-dependent economy. In the capital of Abu Dhabi were about 90% of central government revenue comes from the hydrocarbon sector, authorities have launched Hub 71, AED1 billion scheme driven by state investor Mubadala and supported by the Abu Dhabi government to attract and develop technology startups. The Hub71 program will be based at the Abu Dhabi Global Market site and will involve the launch of an AED 500 million fund to invest in technology startups. It is expected to attract 100 companies over the next three to five years by offering incentives such as housing, office space, and health insurance.
– SoftBank will be active in the Hub71 program and support the expansion of companies in which it has invested. As a partner to Hub71, Microsoft will provide cloud services and technology to the businesses that join the community. Moreover, according to the data by BNC Projects Journal, as in February 2019, over 15,000 projects in the UAE were estimated at USD 791 billion, including an estimated USD 202.8 billion of projects in design, concept, and tender stages. To boost the economy significantly in 2019, the UAE government announced its USD 16.3 billion budget, which is 17.3% larger than the prior year and the most massive budget in the country’s history till then. All these instances are expected to increase the construction activities, which could significantly boost the facility management in the region.
The UAE Facility Management market is highly competitive, with several domestic and international players active in the region. International participants operate in the country through partnerships with local players. With the market expected to broaden and yield more opportunities, more players are expected to enter the market soon. Key players include Emcor Facilities Services WLL, Imdaad LLC, Enova Facilities Management Services LLC, etc.
– March 2020 – ServeU has announced the rebranding of its residential facility management services. The new brand identity, known as ‘ServeU Essentials,’ has been expanded to cover cleaning, maintenance, landscaping, and smart automation for businesses, homes, and retail outlets.
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Artificial Intelligence
Complyport’s new AI tool – ViCA.Chat – set to revolutionise compliance support services
LONDON, June 14, 2024 /PRNewswire/ — ViCA.Chat, the Virtual Compliance Assistant powered by AI technology, is set to transform regulatory compliance consulting. Developed by ComplyMAP Group’s AI engineers and Complyport’s compliance consulting teams, ViCA redefines compliance support services and propels governance, risk and compliance consulting into a new era of innovation.
Offering real-time assistance across a vast array of UK and EU regulatory frameworks, ViCA delivers unparalleled efficiency, detail and precision in disentangling and dealing with complicated regulatory frameworks.
The key differentiator of ViCA is its specialised and purposely constructed unique databases that leverage Complyport’s 22 years of regulatory expertise, combined with tailored AI training tools, enabling ViCA to operate as an experienced compliance consultant. A dedicated human support team continuously improves and updates ViCA’s knowledge and responses through a feedback loop process and quality assurance sessions. This powerful symbiosis of AI and human expertise sets ViCA apart and ensures businesses have the latest regulatory information instantaneously and seamlessly.
As a result, ViCA’s specialised regulatory database goes beyond readily available online resources which feature into traditional AI tools. ViCA offers exclusive insights, proprietary regulatory interpretations, historical data, bespoke and purposely structured compliance documentation and templates. With advanced scraping capabilities, ViCA also extracts relevant data from selected websites and publicly available information, ensuring an up-to-date and comprehensive understanding of compliance requirements across industries.
From agile fintech startups to established law firms, financial institutions, regulatory bodies, insurance providers, as well as compliance consultants, ViCA seamlessly adapts to unique compliance needs. Its user-friendly interface ensures navigating and analysing regulatory data is swift and intuitive, streamlining the compliance workflow.
“ViCA is a game-changer in how regulatory compliance advice will be provided in the future”, commented Luis Parra, Managing Director of ViCA. “With ViCA, compliance insights become available to all. No longer are regulated firms and responsible people overly dependent on advisors and compliance consultants. Through ViCA, the financial system will not only meet but exceed regulatory standards. Moreover, the level of information made available to the public will benefit society as a whole, in its interactions with the financial services sector.”
Among ViCA’s revolutionary features is its cost-effective model, allowing businesses to significantly reduce reliance on traditional spending with external consultants and advisors.
Visit ViCA.Chat to experience the future of compliance support.
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Name: Luis ParraTitle: Managing DirectorCompany: Vica.ChatTelephone: +44 20 7399 4980 Email: [email protected]
About ViCA.Chat:
ViCA.Chat is a revolutionary Virtual Compliance Assistant powered by cutting-edge AI technology, designed to demystify the complexities of regulatory compliance. Utilising Complyport’s 22 years of regulatory expertise, ViCA offers real-time assistance and guidance across a wide range of regulatory frameworks, setting a new standard for efficiency and precision in compliance support. From fintech start-ups to established law firms, financial services institutions, regulators, regulatory firms, compliance consultants and insurance firms, ViCA caters to the diverse needs of professionals across all levels in the broader UK financial services sector.
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Artificial Intelligence
LoRa and LoRaWAN IoT Market worth $32.7 billion by 2029- Exclusive Report by MarketsandMarkets™
CHICAGO, June 14, 2024 /PRNewswire/ — The LoRa and LoRaWAN IoT Market is expected to reach USD 32.7 billion by 2029 from USD 8.0 billion in 2024, at a Compound Annual Growth Rate (CAGR) of 32.4 % during 2024–2029, according to a new report by MarketsandMarkets™.
Browse in-depth TOC on “LoRa and LoRaWAN IoT Market”
320 – Tables 58 – Figures294 – Pages
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Scope of the Report
Report Metrics
Details
Market size available for years
2018-2029
Base year considered
2023
Forecast period
2024–2029
Forecast units
Value (USD Billion)
Segments Covered
Offering, Network Deployment, Application, End User, and Region
Region covered
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
List of Companies in LoRa and LoRaWAN IoT
The Bosch Group (Germany), Cisco (US), Orange SA (France), Comcast Corporation (US), Semtech (US), NEC Corporation(Japan), Tata Communications (India), AWS (US), Advantech (Taiwan), SK Telecom (South Korea), Murata (Japan), Kerlink (France), Actility (France), Digi International (US), MultiTech (US), Ezurio (US), Sensoterra (Netherlands), Nwave Technologies (US), RAKwireless (China), TheThings.io (Spain), Datacake (Germany), Milesight (China), LORIOT (Switzerland), Exosite (US), Orbiwise (Switzerland), Netmore Group (Sweden), and Radio Bridge Inc (US).
The LoRaWAN ecosystem influences development of tools, software libraries, and cloud-based platforms that streamline the creation, deployment, and management of IoT solutions. Continuously evolving, this ecosystem boasts a burgeoning array of vendors providing LoRa-compliant devices, gateways, and network management solutions. This vibrant competition within the ecosystem propels innovation while driving down costs for end-users. Moreover, the development of interoperable solutions fosters seamless integration and deployment of LoRaWAN networks, simplifying the implementation process for businesses and organizations. As the ecosystem continues to expand and mature, it empowers developers, system integrators, and IoT enthusiasts to unleash their creativity, accelerate time-to-market, and unlock the full potential of LoRaWAN technology in diverse applications and industries.
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Based on network deployment, the public network segment to hold the largest market size during the forecast period.
The robust security features integrated into public LoRaWAN networks play a significant role in driving the growth and adoption of LoRaWAN technology in the market. End-to-end encryption ensures that data transmitted between devices and gateways is protected from unauthorized access or interception, safeguarding sensitive information such as sensor readings, location data, and command messages. Message integrity checks verify the integrity of data packets, detecting any tampering or alteration during transmission and ensuring data authenticity and reliability. Additionally, mutual authentication mechanisms establish trust between devices and gateways, verifying the identity of both parties before allowing communication to occur. These security measures provide organizations and end-users with confidence in the integrity and confidentiality of their data, mitigating concerns related to data privacy, cybersecurity threats, and regulatory compliance. As a result, implementing robust security features in public LoRaWAN networks enhances trust and credibility in the technology, driving increased adoption and market growth as organizations seek reliable and secure connectivity solutions for their IoT deployments.
By offering, the services segment is expected to hold a higher growth rate during the forecast period.
IoT service providers are pivotal in driving adoption by developing vertical-specific solutions finely tuned to the distinct needs of industries like agriculture, healthcare, logistics, and smart cities. In agriculture, for instance, IoT services offer solutions for precision farming, crop monitoring, and livestock management, enabling farmers to optimize irrigation, monitor soil health, and enhance yields. Similarly, IoT services facilitate remote patient monitoring, asset tracking, and inventory management in healthcare, improving patient care, reducing costs, and ensuring compliance with regulatory standards such as HIPAA. In logistics, IoT services provide real-time tracking of shipments, fleet management, and predictive maintenance, enhancing supply chain visibility, efficiency, and reliability. For smart cities, IoT services offer solutions for traffic management, waste management, energy optimization, and public safety, transforming urban infrastructure and enhancing the quality of life for residents. By addressing industry-specific challenges, compliance requirements, and use cases, vertical-specific IoT solutions deliver tangible business value, driving adoption and fueling the growth of the IoT services market across diverse sectors.
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Asia Pacific is expected to hold a higher growth rate during the forecast period.
In the Asia Pacific region, where agriculture serves as a cornerstone of many economies, adopting IoT technologies, particularly LoRa and LoRaWAN, is revolutionizing traditional farming practices. LoRaWAN’s long-range connectivity and low-power consumption make it well-suited for deployment in rural agricultural settings, where access to reliable connectivity may be limited. Through LoRa-based IoT solutions, farmers can implement precision agriculture techniques to address pressing challenges such as water scarcity, soil degradation, and unpredictable weather patterns. LoRa-enabled sensors facilitate real-time monitoring of soil moisture levels, temperature, and humidity, allowing farmers to optimize irrigation schedules and conserve water resources. Remote sensing technologies powered by LoRaWAN enable farmers to gather actionable insights on crop health, pest infestations, and nutrient deficiencies, facilitating timely interventions and improving overall crop management practices. Furthermore, LoRa-based crop analytics platforms provide farmers with data-driven decision support tools, helping them optimize planting strategies, improve yield forecasting, and mitigate the impact of climate change on agricultural productivity. By harnessing the power of LoRa and LoRaWAN IoT solutions, farmers in the Asia Pacific region can increase yields, conserve resources, and enhance resilience to environmental challenges, driving the adoption and growth of the LoRaWAN IoT market in the agricultural sector.
Top Key Companies in LoRa and LoRaWAN IoT Market:
The major vendors covered in the LoRa and LoRaWAN IoT Market are The Bosch Group (Germany), Cisco (US), Orange SA (France), Comcast Corporation (US), Semtech (US), NEC Corporation(Japan), Tata Communications (India), AWS (US), Advantech (Taiwan), SK Telecom (South Korea), Murata (Japan), Kerlink (France), Actility (France), Digi International (US), MultiTech (US), Ezurio (US), Sensoterra (Netherlands), Nwave Technologies (US), RAKwireless (China), TheThings.io (Spain), Datacake (Germany), Milesight (China), LORIOT (Switzerland), Exosite (US), Orbiwise (Switzerland), Netmore Group (Sweden), and Radio Bridge Inc (US). These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches, enhancements, and acquisitions to expand their footprint in the LoRa and LoRaWAN IoT Market.
Browse Adjacent Markets: Digitalization and Internet of Things (IoT) Market Research Reports & Consulting
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Artificial Intelligence
Scoring a Seat at UEFA EURO 2024™ with Top-Performing AI-Powered TOSHIBA TV Lineup
HONG KONG, June 14, 2024 /PRNewswire/ — Football fans are in for a treat as they gear up for UEFA EURO 2024™ with Toshiba TV’s top-performing Gaming TV Z670. As the OFFICIAL TV OF UEFA EURO 2024™, Toshiba TVs present immersive viewing of the football game by their AI-powered TV lineup. To celebrate the brilliant moments it can bring, Toshiba TV are gifting USD100 Amazon Gift Card via their social platform! By simply like, follow and comment on @ToshibaTVGlobal, fans can boost their chances of scoring this prize.
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Powerful Audio Effects for a Live Stadium Experience
The Toshiba TV Z670’s powerful audio system makes viewers feel like they’re right in the game. With the REGZA Bass Woofer Pro, Tru Bass Booster, and Dolby Atmos, they’ll experience heart-thumping 3D surround sound that captures the live stadium atmosphere. Whether it’s the roar of the crowd or the intensity of each play, the rich audio brings the excitement of each game right into their room.
Bringing Everyone Together for UEFA EURO 2024™
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About Toshiba TV:
With 70+ years of history in TV production, Toshiba TV is known for its exquisite craftsmanship, innovative ideas and groundbreaking inventions. By prioritizing superior image quality and auditory experiences, Toshiba TV sets new standards in entertainment. Toshiba TV stems from the excellence quest of customers, providing the world with responsible products to make the world a better place. Emphasizing attention to product details and technological advancement, Toshiba TV integrates aesthetically pleasing design, quality assurance, and brand reputation to underscore its commitment to authenticity in the actual world and a sincere dedication to its consumers, showcasing Toshiba TV’s long-standing design philosophy and continuous pursuit of product quality.
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