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Commercial HVAC System Shipments Valued at US$354 Billion in 2030 Driven by Innovations in Cooling, Energy Efficiency, and Sustainability

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Building codes, energy regulations, and rising operating costs are encouraging building developers to upgrade existing HVAC infrastructure to Smart HVAC equipment
NEW YORK, Oct. 3, 2024 /PRNewswire/ — Building operations and their hardware components are undergoing a wave of digitalization by implementing smart technologies that enable convenience, comfort control, energy efficiency, and operational cost savings. Pressures to comply with sustainability regulations and demand for energy efficiency encourage building owners and engineers to develop optimized Heating, Ventilation, and Air Conditioning (HVAC) strategies to reduce operational costs. According to global technology intelligence firm ABI Research, the current commercial HVAC hardware shipments market is valued at US$161 billion and will grow to US$354 billion in 2030, at an advancing CAGR of 11.9%. This includes packaged systems & rooftop units, conventional systems, Variable Refrigerant Flow Systems (VRF), and multi-split system types.

Traditional HVAC systems have a binary function of ‘On & Off’. Smart HVAC systems have different modes which condition the air based on multiple factors such as ambient temperature, occupancy, equipment scheduling, and energy consumption. “Smart HVAC systems go beyond basic cooling and heating functions by bridging the connected and unconnected through intelligent climate control (temperature, air quality, and humidity tracking), remote management, proactive, predictive maintenance, and energy optimization. Currently, over 75% of the HVAC systems are hard-wired, as awareness grows over the forecast period by 2030, adoption of wireless connected Smart HVAC systems will reach over 55%,” explains Rithika Thomas, Senior Analyst for Sustainable Technologies at ABI Research.
Building codes and energy utilization regulations globally stress the need for efficient use of HVAC equipment, low-impact/sustainable refrigerant, and optimal set points to reduce energy costs. Energy Performance of Buildings Regulations (EPBD), F-Gas Regulations, the Health and Safety at Work Act 1974, the Control of Legionella Bacteria Regulations 2014, and Indoor Air Quality (IAQ) Regulations are a few edicts shaping the HVAC landscape with a focus on refrigerant type & use, maintenance, environmental impact, and a healthy workplace.
Bosch Group’s recent acquisition of Johnson Controls Residential and Light Commercial HVAC business has cemented its market share in the HVAC market. Established brands like Haier Electronics, Honeywell International, LG Electronics, Mitsubishi Electric Corporation, Panasonic, Midea Group, and Samsung Electronics, to name a few, are strengthening their offerings powered by Artificial Intelligence (AI), to cater to high energy efficiency HVAC systems with low-frequency noise, efficient water use, smart control features, and enhanced cooling capabilities. SMEs digitizing building operations and Building Automation System (BAS) providers like ALE, CIM, SensMax, and Sensgreen are partnering with established market players and commercial developers to prototype, manufacture, test, and deploy smart HVAC solutions in commercial buildings.
HVACs contribute between 38% – 70% of a conventional commercial building’s energy consumption. “Maximizing energy efficiency in HVAC systems for commercial buildings is crucial to creating energy-efficient, sustainable, and comfortable built environment. Smart HVAC empowers occupants to control the temperature of a space on a granular level from dedicated devices, such as a digital dashboard or phone, to achieve thermal comfort. Upskilling of building operators, technicians, and installers on new digital and smart HVAC capabilities is critical to the success and implementation of connected HVAC systems. The smarter era of HVAC will drive connected living to new heights through comfort, convenience, efficiency, and savings,” Thomas concludes.
These findings are from ABI Research’s HVAC Systems & Hardware in Commercial Buildings market data report. This report is part of the company’s Smart Buildings research service, which includes research, data, and ABI Insights. Market Data spreadsheets comprise deep data, market share analysis, and highly segmented, service-specific forecasts to provide detailed insight into where opportunities lie.
About ABI Research
ABI Research is a global technology intelligence firm uniquely positioned at the intersection of technology solution providers and end-market companies. We serve as the bridge that seamlessly connects these two segments by providing exclusive research and expert guidance to drive successful technology implementations and deliver strategies proven to attract and retain customers.
ABI Research是一家全球性的技术情报公司,拥有得天独厚的优势,充当终端市场公司和技术解决方案提供商之间的桥梁,通过提供独家研究和专业性指导,推动成功的技术实施和提供经证明可吸引和留住客户的战略,无缝连接这两大主体。
For more information about ABI Research’s services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific, or visit www.abiresearch.com.
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Zetrix Launches Chinese Digital ID Identity Verification Service on ZCert

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First-of-its-Kind Solution Enables Overseas Entities to Authenticate and Verify Chinese IDs
PETALING JAYA, Malaysia, Oct. 3, 2024 /PRNewswire/ — Zetrix, a layer-1 public blockchain platform, today launched a first-of-its-kind application that enables official identities of Chinese nationals (“Chinese Digital IDs”) to be authenticated and verified digitally overseas, paving the way for a seamless, efficient, and secure verification process for verifiers and identity holders. 

Through the ZCert service, Zetrix now simplifies and facilitates electronic Know Your Customer (“eKYC”) processes for entities outside of China wishing to verify the authenticity of information contained in the Digital IDs presented to them by Chinese nationals. 
This pioneering service has been made possible through Zetrix’s unique integration to China’s national public blockchain Xinghuo BIF. 
Chinese nationals can choose to publish their Digital IDs on Xinghuo BIF and upon doing so, the data can then be accessed by verifying entities outside of China through the ZCert service on Zetrix, which operates the Xinghuo International Supernode, known as Astron.
“We are truly excited about the introduction of this cross-border Digital ID service as it enables a new wave of services powered by smart contracts. KYC processes can now be a simplified and automated process. Furthermore, user data is retained by users at all times and only critical information is shared in an encrypted manner,” said TS Wong, co-founder of Zetrix.
“Payments on Web 3 platforms can now be executed fully in compliance with existing rules. Our Chinese Digital ID application combined with Malaysia’s National ID and WorldID and future sovereign IDs, makes ZCert the most comprehensive global Digital ID solution,” he added. 
“Creating cross-border trust is of great importance, especially the verification of digital identity, credentials and documents. We would like to create a trusted data channel, together with MYEG, to facilitate the international cooperation between China and Malaysia and the rest of the world in the digital age,” said Xiaoyu You, Head of International Cooperation Department of the Institute of Industrial Internet & IoT, China Academy of Information and Communications Technology (“CAICT”), which is responsible for the development, execution and implementation of Xinghuo BIF.
Leveraging on the unparalleled advantages of blockchain technology, the new ZCert service provides a more advanced, convenient, reliable and secure method of verifying identity information in real-time, thus bringing a more pleasant overall experience to identity holders and verifying entities alike when compared with conventional credential verification methods. 
The immutability of blockchain means verifiers will be able to confirm that National IDs issued and accessed through the Xinghuo-Zetrix collaboration are authentic, genuine and have not been altered. This may not be the case for conventional ID cards, whether in their physical or digital image forms, as these may be subject to tampering, fraud, or forgery using image editing tools, and verifiers have no immediate, trustworthy method to assess their authenticity.  
Furthermore, the new National ID verification service on ZCert takes full advantage of the Self-Sovereign Identity framework within Web3 technology, enabling identity holders to selectively disclose relevant information such as name or home address without having to share other non-relevant personal data, hence ensuring improved privacy protection. In contrast, the use of conventional ID cards in their static physical or digital image forms does not provide similar safeguards as all information are static and already openly displayed. 
In addition, a significant advantage of opting for the use of verifiable digital IDs is that since they are dynamic in nature, user data can be updated by authorised issuers to reflect the most current personal information of the holder, ensuring precision and accuracy. 
The launch of the Chinese Digital IDs verification facility is the latest innovation on ZCert and comes just months after it introduced a service for Chinese driving licences to be digitised and accessed overseas for verification purposes.
It is expected that the ZCert cross-border credentials verification service will be progressively expanded in the coming months to include other documents of critical importance to individuals and businesses.
More information on ZCert is available at https://www.zetrix.com/zcert/
About ZetrixZetrix is a layer-1 public blockchain that facilitates smart contracts and delivers privacy, security and scalability. Zetrix’s cryptographic infrastructure can be introduced to multiple industries to connect governments, businesses and their citizens to a global blockchain-based economy. Developed by MY E.G. Services Bhd, the cross-border and cross-chain integration with China enables Zetrix to serve as a blockchain gateway that facilitates global trade by deploying critical building blocks for Web3 services such as Blockchain-based Identifiers (BID) and Verifiable Credentials (VC).
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Student Information System Market worth $32.04 billion by 2029 – Exclusive Report by MarketsandMarkets™

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DELRAY BEACH, Fla., Oct. 3, 2024 /PRNewswire/ — The global Student Information System Market will grow from USD 15.33 billion in 2024 to USD 32.04 billion by 2029 at a compounded annual growth rate (CAGR) of 15.9% during the forecast period, according to a new report by MarketsandMarkets™. DBMS, Cloud Computing, and UI/UX are cardinal technologies that help sustain the SIS platforms. DBMS assists in organizing student data and facilitates storage of data concerning the students’ data, including academic records, attendance, and financial transactions, among others, in an organized and easily retrievable approach. SIS platforms use relational databases that allow speedy extraction or retrieval of data, keep check-and-balance of the integrity levels of data, and ensure accuracy in adorning day-to-day academic and administrative operations.

Browse in-depth TOC on “Student Information System Market”
375 – Tables 56 – Figures326 – Pages
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Report Scope
Report Metrics
Details
Market size available for years
2019–2029
Base year considered
2023
Forecast period
2024–2029
Forecast units
Value (USD Billion)
Segments Covered
Offering, Deployment Mode, Platform Module, and End User
Geographies Covered
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America
Companies Covered
Some of the significant Student Information System Market vendors are Oracle (US), Workday (US), Ellucian (US), PowerSchool (US), Jenzabar (US), Skyward (US), SAP (Germany), Anthology (US), Veracross (US), and Blackbaud (US).
The role played by cloud computing in the development of the SIS platform involves making the platforms more flexible and easily scalable through a secure computing environment. Cloud-based SIS solutions allow schools and universities to accumulate immense information resources, make them accessible to users in real-time regardless of location, and adapt resources to changing needs without investing in expensive IT infrastructure. Also, interfaces feature friendly UI/UX design for easy navigation and enrollment by both students and staff. Various details, including the adjacency of related links, presuppose high levels of user interest and robust performance for the entire system when an interface is well-designed. Combined, these technologies guarantee that SIS platforms are reliable, safe but also efficient, and adaptive to the users as well as any imaginable growth.
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The services segment is expected to capture the highest CAGR during the forecast period for the offering segment.
The offering segment of the Student Information System Market is platform and services. The services segment accounted for the highest CAGR during the forecasted period. The student information system services categories consist of numerous support and consulting services necessary and sufficient to assist institutions in implementing, enhancing, and managing their SIS solutions. This segment includes professional services such as system integration, customization, consulting, and managed services that handle ongoing system management and support. Support services are important for guaranteeing that SIS platforms are properly fit into institutional contexts and supported as complex systems that must constantly be updated to accommodate new needs and integrate with existing applications. These services, therefore, attract demand due to the systems’ specific requirements in deployment, training of users, and data management and compliance to the highest standards to exploit the benefits of the SIS investments optimally.
Based on the platform module, the core student administration segment is expected to hold the largest market share during the forecast period.
The Student Information System Market is segmented by platform module into core student administration, financial management, academic management, communication & engagement, and other platform modules. During the forecast period, the core student administration segment is expected to hold the largest market size in the Student Information System Market. This is the central system of a SIS, as it is responsible for critical student administration that focuses on the student lifecycle. This module helps in the overall work of different administrative activities, such as enrolling and registering students and managing their records and other academic institution processes. It centralizes student data, creating an overview that can be used for decision-making, compliance, and reporting purposes. Core student administration is critical to institutions as it means that many tasks run on their own, thus avoiding errors that may be occasioned by human interference. Subsequently, the functional improvement made by institutions through effective core student administration procedures makes institutional administrative processes more efficient frees up time for more vital facets of the institution, such as academics and student services. This is because different functions for this module are embedded and can easily communicate with the other departments, making it possible to ensure that all the various stakeholders receive timely and accurate information.
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North America is projected to hold the largest market share during the forecast period.
By region, North America will hold the second largest market share in the worldwide Student Information System Market in 2024 after the Europe region, and this pattern is anticipated to be valid throughout the forecast period. Special attention should be paid to SIS solutions as the essential tool in the North American educational industry, being the key to effective student data management, improving the communication between players in the educational process, and being the critical feature of digitalization in academic institutions. These systems help manage enrollments, attendance, grades, and other records of schools, universities, and other learning institutions, as well as meet the legal requirements set by the government and other proper agencies. Beneficial to the institutions that look for optimization of administrative processes and the enhancement of an educational experience, SIS solutions provide institutions with better decision-making. Additionally, PowerSchool specializes in K–12 institutions, and Ellucian deals with higher education institutions with products such as Banner and Colleague and Blackbaud that target K–12 private schools. Other key players include Infinite Campus and Skyward, which offer complete featured SIS tools for the K–12 institutions. This is mainly because these companies are among the vital market forces that shape efficient innovation in the education industry through their reliable SIS products.
Top Key Companies in Student Information System Market:
Some of the significant student information system vendors include Oracle (US), Workday (US), Ellucian (US), PowerSchool (US), Jenzabar (US), Skyward (US), SAP (Germany), Anthology (US), Veracross (US), and Blackbaud (US).
Browse Adjacent Markets: Software and Services Market Research Reports & Consulting
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About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
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Scalefusion Expands Device Management Platform with ChromeOS Management Support

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PUNE, India, Oct. 3, 2024 /PRNewswire/ — ProMobi Technologies announced today that Scalefusion- its leading unified endpoint management solution (UEM)- has launched support for ChromeOS device management. This addition reinforces Scalefusion’s commitment to offering a versatile multi-OS management platform that caters to the diverse needs of modern businesses.

With the integration of ChromeOS, Scalefusion enables IT administrators to streamline the management of ChromeOS devices alongside Windows, macOS, Android, and Linux, simplifying the complexities of multi-OS environments.
ChromeOS has seen significant adoption across industries, from education to enterprise, thanks to its balance of affordability, speed, and security. Recognizing this growing trend, Scalefusion’s new ChromeOS device management provides organizations with the ability to provision, secure, and monitor ChromeOS devices seamlessly through the same intuitive platform used for their existing device ecosystems.
Scalefusion’s ChromeOS management empowers businesses to streamline device management by integrating ChromeOS into their existing device strategy. With Scalefusion’s unified platform, IT administrators can boost productivity by providing a consistent, unified experience for users across all platforms. Whether organizations are deploying Chromebooks in educational settings or managing ChromeOS devices for remote workforces, Scalefusion makes it simple to provision, secure, and monitor these devices—all from a single dashboard. With the addition of ChromeFlex, businesses can repurpose existing PCs and Macs by converting them to ChromeOS devices, further extending the life of their hardware while maintaining seamless management through Scalefusion’s unified platform.
Sriram Kakarala, Chief Product Officer at Scalefusion, highlighted the importance of this new addition: “With the rise of ChromeOS in diverse sectors, we saw a clear opportunity to enhance the Scalefusion platform. By adding ChromeOS support, we are delivering on our promise to simplify device management for our customers, regardless of which operating systems they choose to deploy.”
Scalefusion’s integration aims to provide organizations with a straightforward approach to managing their multi-OS device ecosystems. Request a free trial of this release by setting up a demo of Scalefusion for ChromeOS here.
About Scalefusion
ProMobi Technologies provides a leading Unified Endpoint Management solution under the brand Scalefusion. Scalefusion UEM allows organizations to secure and manage endpoints, including smartphones, tablets, laptops, rugged devices, POS and digital signage, and apps and content. It supports the management of Android, iOS, macOS, Windows, and Linux devices and ensures streamlined device management operations with Scalefusion Remote Troubleshooting.
More than 8000 companies worldwide are unlocking their true potential using Scalefusion, which is used across various industries such as Transportation & Logistics, Retail, Education, Healthcare, Manufacturing, Construction & Real Estate, Hospitality, Software & Telecom, Financial Services and others.
For more information, please visit https://www.scalefusion.com.
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