Sam Altman ChatGPT maker OpenAI 's CEO, Sam Altman is unhappy with the famed investor Marc Andreessen 's description of AI meetings with the United States government. Altman has gone to the extent of disputing the same. recently shared his concerns about discussions he had with staff from the Joe Biden administration. He suggested that they appeared to want to regulate AI in a way that would favor just two or three major companies, effectively sidelining others through stringent regulations. According to a report in TechCrunch, although Andreessen did not directly name OpenAI, it was implied that the company might stand to benefit from such an arrangement. However, OpenAI's CEO, Sam Altman, dismissed these claims as a "conspiracy theory" during a podcast appearance with Bari Weiss this week. “We were in the room with them, along with other companies and the administration,” Altman said. “But there was never any conversation like, ‘Here’s our conspiracy theory —- we’re going to make it so only a few companies can build AI, and you have to do what we say.’ Never anything like that.” Regardless of the dispute, Altman and other tech industry leaders seem to be distancing themselves from the Biden administration, with reports of millions of dollars being donated to Donald Trump ’s inaugural fund.Trump taps Rollins as agriculture chief, completing proposed slate of Cabinet secretaries
MILWAUKEE — Charlotte Hornets forward Grant Williams left Saturday night's 125-119 loss to the Milwaukee Bucks late in the fourth quarter with a right knee injury. “I think it has just been diagnosed as a right knee injury,” Hornets coach Charles Lee said after the game. “We’ll continue to get some imaging and evaluations. The most important thing is that all of our prayers are with Grant and hoping the news comes back as good as possible.” Williams was hurt on a drive to the basket with just under four minutes remaining with the Bucks leading 114-101. He finished 2 of 6 with eight points and seven rebounds in 32 minutes.
To The New York Times, it was a standard journalistic practice done in the name of fairness — asking someone involved in a story for comment. To the mother of the nominee for secretary of defense, it constituted a threat. On Wednesday, Pete Hegseth's mother accused the Times of making “threats” by calling about its story on an email she had sent to her son six years earlier that criticized his treatment of women. Penelope Hegseth sought and received an interview on Fox News Channel to support her son, whose confirmation chances are threatened by a series of damaging stories about his personal conduct. At one point, she said she wanted to directly tell President-elect Trump that her son “is not that man he was seven years ago.” She also called the Times “despicable” and attacked a basic tenet of journalism: giving someone the chance to speak for a story about actions that could be seen in a negative light. The Times' story, published Saturday , quoted from a private email that Penelope Hegseth sent to her son in 2018 while he was in the midst of divorcing his second wife. She criticized his character and treatment of women, suggesting that he get some help. “I have no respect for any man that belittles, lies, cheats, sleeps around and uses women for his own power and ego,” she wrote to her offspring. “You are that man (and have been for many years).” She told the Times for its story that she had sent the email in a moment of anger and followed it up two hours later with an apology. She disavows its content now. When the Times called her for comment on the story, Hegseth told Fox News that, at first, she did not respond. She said she perceived the calls as a threat — “they say unless you make a statement we will publish it as is and I think that's a despicable way to treat anyone,” she said. “I don't think a lot of people know that's the way they operate,” she said, speaking about the story. She accused the newspaper of being in it "for the money. And they don't care who they hurt, families, children. I don't believe that's the right way to do things.” Charles Stadtlander, a spokesman for the Times, said Hegseth's claim “is flatly untrue,” and she was in no way threatened. “The Times did what it always does in reporting out a story, simply reaching out and asking for a comment, which we included,” he said. Such a call is the opposite of a threat — it's an attempt to be fair, said Tom Rosenstiel, a University of Maryland professor and co-author of “Elements of Journalism: What News People Should Know and What the Public Should Expect.” “She's basically saying that brake lights are a threat because they alert you that the car ahead of you is about to stop," he said. But many Americans would perceive that call as a threat, or certainly as rude and a violation of privacy, said Tim Graham, director of media analysis at the conservative Media Research Center. “She didn't write that email to be on the front page of The New York Times,” he said. A secondary question is the newsworthiness of publishing the content of the private email, one that Hegseth said she almost immediately regretted sending and doesn't reflect how she perceives her son. Graham suggested that the newspaper wouldn't do the same for the nominee of a Democratic president-elect. “The New York Times is out to destroy these nominees,” he said. In its initial story, the Times wrote that it had obtained a copy of the email “from another person with ties to the Hegseth family.” “This was a piece of independently reported journalism published in the name of public awareness of the nominee to lead the largest department in the federal government,” Stadtlander said. “We stand behind it completely.” In many circumstances, an email from a mother to her son would be considered a private matter and out of bounds to a news organization, Rosenstiel said. But in this case, Hegseth, a former Fox News weekend host chosen by Trump to lead the Pentagon, has built himself into a public figure and is up for a very important job — and one that leads the military, which involves waging war and in which character is considered a fundamental trait. “It makes this news, honestly,” Stadtlander said. The Times wrote about Penelope Hegseth's Fox interview on Wednesday, leading with her saying her son “was not the same man he was in 2018 when she fired off an email accusing him of routinely abusing women and lacking decency and character.” There was some question about whether Hegseth would appear for an interview at his former network on Wednesday, after CNN's Kaitlan Collins posted on X the night before that “multiple people” said that was expected. A Fox News representative said that no such interview had been scheduled, and the nominee was on Capitol Hill meeting with senators. He has faced a flurry of other damaging reports, including stories about a sexual assault allegation reported to police in 2017. No charges were filed then, and Hegseth said the relationship was consensual. The New Yorker magazine wrote about reports of financial mismanagement , sexist behavior and excessive drinking when Hegseth ran a veterans' organization, and NBC News wrote about people at Fox News concerned about his alcohol use. David Bauder writes about media for the AP. Follow him at http://x.com/dbauder and https://bsky.app/profile/dbauder.bsky.social. Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission. Stay up-to-date on the latest in local and national government and political topics with our newsletter.
When the season began, Arizona State was picked at the bottom of the Big 12. The Sun Devils finished the regular season on top. Arizona State is No. 1 in the final Big 12 Power Rankings, receiving 15 of a possible 16 first-place votes from a panel of media who regularly cover the league. Iowa State was second, followed by Colorado (one first-place vote), BYU and Baylor. Arizona State and Iowa State meet Saturday in the Big 12 championship game in Arlington, Texas, with a spot in the College Football Playoff on the line. 1. Arizona State Previous ranking: 1 Points: 255 (15 first-place votes) Record: 10-2 (7-2 Big 12) Last week: beat Arizona, 49-7 Up next: vs. No. 16 Iowa State in Big 12 championship game Comment: Cam Skattebo rushed for another 177 yards and three touchdowns, Jordyn Tyson caught seven passes for 137 yards and the Sun Devils cruised past their state rival for the sixth time in eight years. Did You know? This marks the first 10-win season for the school since 2014. It is the 10th 10-win season for the Sun Devils but just the fourth since 1975. — Michelle Gardner, Arizona Republic 2. Iowa State Previous ranking: 2 Points: 237 Record: 10-2 (7-2 Big 12) Last week: beat No. 24 Kansas State, 29-21 Up next: vs. No. 15 Arizona State in Big 12 championship game Comment: Iowa State has scored 20 or more points in 14 consecutive games. Only one other Power Four team has a longer streak in that area — Miami, which has done it 16 straight times. The Cyclones have scored 29-plus points in four conference games in a row for the first time since 2005 and will play for a Big 12 title on Saturday for the second time in the past five seasons. Did you know? Iowa State wide receivers Jayden Higgins and Jaylin Noel both boast 1,000-plus receiving yards this season, the first Big 12 teammates to do so since Oklahoma’s CeeDee Lamb and Marquise “Hollywood” Brown in 2018. — Rob Gray, The Cedar Rapids Gazette 3. Colorado Previous ranking: 3 Points: 223 (one first-place vote) Record: 9-3 (7-2 Big 12) Last week: beat Oklahoma State, 52-0 Up next: Bowl game TBA Comment: CU buried the Cowboys early, turning two first-quarter turnovers into touchdowns and rolling to its most lopsided conference victory in 34 years. The Buffs pitched their first shutout since 2021 while quarterback Shedeur Sanders (438 yards, 5 TD) and receivers LaJohntay Wester (11 catches for 175 yards, 2 TD) and Travis Hunter (10 catches for 116 yards, 3 TD) were sensational. Did you know? The Buffs had a point differential of plus-144 in Big 12 play, nearly double the next-best team (BYU, plus-77). This was just the third time in program history that CU won four conference games by at least 25 points (also in 1989 and 1937). — Brian Howell, Boulder Daily Camera 4. BYU Previous ranking: 4 Points: 212 Record: 10-2 (7-2 Big 12) Last week: beat Houston, 30-18 Up next: Bowl game TBA Comment: BYU’s bid for a Big 12 title ended before taking a snap on Saturday. Iowa State beat Kansas State, officially knocking BYU out. Did you know? This is the third time Kalani Sitake has had a 10-win season. — Kevin Reynolds, The Salt Lake Tribune 5. Baylor Previous ranking: 6 Points: 190 Record: 8-4 (6-3 Big 12) Last week: beat Kansas, 45-17 Up next: Bowl game TBA Comment: The Baylor offense operated at peak efficiency against Kansas, finishing with two 100-yard receivers in a game for the first time since 2019 and two 100-yard rushers in a game since 2021. On the one-year anniversary of Jake Spavital becoming the offensive coordinator, the Bears put up more than 600 yards of total offense against a Big 12 team for the first time since 2016. With so many key pieces expected to come back next season, head coach Dave Aranda will use the extra month to keep the momentum going into next season. Did you know? Baylor won six straight games to end the regular season, the longest winning streak to end a regular season in program history. It’s also the Bears’ longest winning streak since it won nine games in a row to start the 2019 season. — Zach Smith, Waco Tribune-Herald 6. Kansas State Previous ranking: 5 Points: 166 Record: 8-4 (5-4 Big 12) Last week: lost to No. 18 Iowa State, 29-21 Up next: Bowl game TBA Comment: Early turnovers led to easy points for Iowa State in Saturday’s game and the Wildcats couldn’t find a way to catch up, despite a strong defensive showing in the second half. K-State falls from one of the top teams in the Big 12 heading into October and now, after losing three of the last four games, the Wildcats end the regular season in a tie for eighth place, the worst finish standings-wise for K-State since 2015. Did you know? K-State has now lost four of the last five matchups against the Cyclones. — Tim Everson, The Manhattan Mercury 7. TCU Previous ranking: 7 Points: 157 Record: 8-4 (6-3 Big 12) Last week: beat Cincinnati, 20-13 Up next: Bowl game TBA Comment: The Frogs finish the regular season with exactly eight wins for the first time since 1984, having won five of their final six games of the season. TCU fans are simultaneously moderately pleased and a little disgruntled with ‘what could have been’ this season, had they beaten UCF and Houston. Did you know? TCU finishes tied for fifth in the Big 12 after being picked to finish 10th in the preseason. 8. Texas Tech Previous ranking: 9 Points: 156 Record: 8-4 (6-3 in Big 12) Last week: beat West Virginia, 52-15 Up next: Bowl game TBA Comment: Joey McGuire spent a chunk of his postgame presser lambasting the College Football Playoff committee’s dismissal of the Big 12. McGuire feels like he may have to fight that battle with Texas Tech soon enough, and had the Red Raiders not blown it against TCU they would’ve been headed to Arlington. Instead, they’ll try to fix an awful defense and move ahead. Did you know? Tahj Brooks became the first Texas Tech running back to rush for over 1,500 yards multiple times as a Red Raider. Josh Kelly became the first Tech receiver with 1,000 yards since 2018 and Behren Morton started all 12 games and passed for over 3,000 yards, the first Tech QB to do either since 2017. — Nathan Giese, Lubbock Avalanche-Journal 9. Kansas Previous ranking: 8 Points: 122 Record: 5-7 (4-5 Big 12) Last week: lost to Baylor, 45-17 Up next: Season over Comment: The Jayhawks saved their worst performance of the season for the final week, giving up 603 yards to Baylor and turning the ball over three times, and in doing so ensured they would not reach a third straight bowl game. Did you know? Fifteen of KU’s 22 starters in the Baylor game — eight on offense, seven on defense — went through senior day this year, out of a total 38 senior-day participants. In short, the Jayhawks’ roster will look very different when KU takes the field at its newly renovated stadium on Aug. 23. — Henry Greenstein, Lawrence Journal-World 10. West Virginia Previous ranking: 10 Points: 120 Record: 6-6 (5-4 Big 12) Last week: lost to Texas Tech, 52-15 Up next: Bowl game TBA Comment: Despite a contract extension in January, Neal Brown was fired with three years left on his contract. He posted a 37-35 record in six seasons. Two notable names that have been mentioned in the Mountaineers’ search – Jimbo Fisher, the former Florida State and Texas A&M coach, and Rich Rodriguez, who coached West Virginia before leaving for Michigan. Did you know? Offensive coordinator Chad Scott will serve as the team’s interim head coach for the bowl game. — Joseph Duarte, Houston Chronicle 11. Cincinnati Previous ranking: 11 Points: 93 Record: 5-7 (3-6 Big 12) Last week: lost vs. TCU, 20-13 Up next: Season over Comment: The Bearcats allowed a potent TCU offense 10 points off turnovers in the first half and got behind 20-7 at halftime. In the second half, snow had arrived which helped slow down the Horned Frogs. They would only throw for 10 yards and not score, but the Bearcats had a costly interception in the end zone to stop one score and could only get as close as seven points with 5:42 remaining. Their last drive ended on the TCU 39-yard line with a prayer that was thrown out of the end zone to end the game. Did you know? Cincinnati went 0-5 in night games this season, falling at Texas Tech, Colorado, Iowa State, Kansas State and at home vs. TCU. Corey Kiner ran for 110 yards Saturday to finish with 1,153 for the season. Tight end Joe Royer caught seven passes to finish with 50 for the season, surpassing the previous single-season tight end record of 45 held by Travis Kelce, now with the Kansas City Chiefs. —Scott Springer, Cincinnati Enquirer 12. Houston Previous ranking: T12 Points: 68 Record: 4-8 (3-6 Big 12) Last week: lost to No. 19 BYU, 30-18 Up next: Season over Comment: Coach Willie Fritz has a busy offseason ahead as he must replace both coordinator positions following the firing of offensive coordinator Kevin Barbay and defensive coordinator Shiel Wood’s departure to Texas Tech. Fixing an offense that ranked next-to-last in FBS at 14 points per game is the top priority. “We want to find an offense where we don’t turn it over and we score a bunch of points,” Fritz said. Did you know? Houston will miss a bowl in consecutive years for the first time since a six-year drought from 1997-2002. — Joseph Duarte, Houston Chronicle 13. Utah Previous Ranking: 15 Points: 62 Record: 5-7 (2-7 Big 12) Last Week: beat UCF, 28-14 Up next: Season over Comment: Utah’s football season is officially over. Now, the Utes will shift their focus to hiring an offensive coordinator, the early signing period and the transfer portal. On top of Utah’s offseason list is awaiting the potential departures of Kyle Whittingham and Cam Rising, who have been an integral part of the Utes success the past few years. Did you know? After finishing the season 5-7, this is just the third losing season of Whittingham’s 20-year career. — Jason Batacao, The Salt Lake Tribune 14. UCF Previous ranking: T12 Points: 59 Record: 4-8 (2-7 Big 12) Last week: lost to Utah, 28-14 Up next: Season over Comment: Running back RJ Harvey set the school’s all-time touchdown record with his 47th and 48th career touchdowns, but it wasn’t enough, as the Knights lost their third straight game to finish the season. Harvey rushed for 119 yards, giving him a career-high 1,577 yards on the season. Did you know? Coach Gus Malzahn resigned on Saturday to become the new offensive coordinator at Florida State. — Matt Murschel, Orlando Sentinel 15. Arizona Previous ranking: 14 Points: 40 Record: 4-8 (2-7 Big 12) Last week: lost to No. 16 Arizona State, 49-7 Up next: Season over Comment: Arizona ended its tumultuous first season under Brent Brennan with a 42-point thumping by its rival Arizona State and now enters a rebuild year with the Wildcats likely losing wide receiver Tetairoa McMillan and offensive lineman Jonah Savaiinaea to the NFL Draft. Arizona athletic director Desireé Reed-Francois recently told the Arizona Daily Star that Brennan will remain the coach in 2025. Did you know? Arizona went from 10-3 in 2023 to 4-8 this season, the biggest drop-off in wins since the 1998 and ’99 seasons, when the Wildcats went from 12-1 to 6-6. — Justin Spears, Arizona Daily Star 16. Oklahoma State Previous ranking: 16 Points: 16 Record: 3-9 (0-9 Big 12) Last week: lost to No. 25 Colorado, 52-0 Up next: Season over Comment: A wide-open quarterback battle will dominate headlines this spring, but the Cowboys must also replace at least four starting offensive linemen and two starting receivers. Then there’s running back Ollie Gordon, who seems likely to declare for the 2025 NFL Draft. Did you know? OSU receiver Brennan Presley finished his career with 315 receptions, which puts him 12th all-time at the FBS level and second among former Big 12 players. — Tyler Waldrep, Tulsa World.The Chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), Dr. Musa Adamu Aliyu (SAN) has revealed that prosecution of cases is the most critical in the fight against corruption. Director, Public Enlightenment and Education. Spokesperson for the Commission, Demola Bakare, in a press statement, Wednesday in Abuja, said Dr. Aliyu stated this on while delivering a welcome address at a Capacity Building Workshop for Judges on the Promotion of Public Policy and Interest of Justice in the Prosecution of Corruption Cases and Other Related Offences, organised by the ICPC in collaboration with the National Judicial Institute (NJI), Wednesday in Abuja. According to the ICPC Boss, investigation and prosecution of cases are pivotal to achieving success in anti-corruption efforts, adding that the perception of the ordinary man on the street is tied to trial of cases in courts and the recoveries of proceeds of corruption. “The investigation and prosecution mandate of the Commission is very critical in the fight against corruption, especially the prosecution of cases in court, which is part of the enforcement process. This prosecution of cases is the most critical in the fight against corruption as the perception of the ordinary man in the street is tied to the trial of cases in court and recoveries of looted funds,” he emphasised. He said Dr. Aliyu seized opportunity to draw the attention of the Judges on the need to integrate technology into trial of cases, revealing that “in the fight against corruption globally and in the trial of cases, new case management systems are being innovated for an effective and efficient justice delivery system”. According to the anti-graft agency boss, “the new norm now is the admissibility of electronically generated evidence and the introduction of technology in the administration of justice in our judicial system”. The xhairman also told the judges that the workshop was necessary, as the justice sector remained the fulcrum of concern in the fight against corruption. “The justice sector remains a focal point of concern, particularly regarding bribery involving stakeholders in the justice sector,” he further stated. He revealed that “despite limited public contact, judicial officials exhibit relatively high bribery prevalence, emphasizing the need for targeted anti-corruption measures in this sector.” In a keynote address, the Chief Justice of Nigeria (CJN), Hon. Justice Kudirat M.O. Kekere-Ekun, reminded the participants that the role of judicial officers in ensuring effective prosecution of corruption cases could not be dispensed, adding that the Judiciary remains the cornerstone of the criminal justice system in Nigeria. Represented by Hon. Justice Salisu Garba Abdullahi, the Administrator of NJI, the CJN pointed out that the workshop, which was a platform for capacity building, had underscored the judges’ collective commitment to advancing the administration of justice and combating corruption in the society. Blueprint reports that the workshop brought together, judges across Nigeria with the focus on building the capacity of the senior judicial officers in areas of justice system, forfeiture laws, money laundering, and the integration of technology into cases of trial.
NEW YORK , Dec. 4, 2024 /PRNewswire/ -- Report with market evolution powered by AI - The global property management market size is estimated to grow by USD 11.3 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 7.81% during the forecast period. Adherence to industry and government regulations for property listings is driving market growth, with a trend towards blockchain and smart contracts. However, changing skill requirements for the adoption of emerging technologies poses a challenge. Key market players include 360 Mango Solutions Pvt. Ltd., Amadeus IT Group SA, CBRE Group Inc., Ciirus Inc., Digital Arbitrage Ltd., Ezee Technosys Pvt. Ltd., Frontdesk Anywhere Inc., Guestline Ltd., Honeywell International Inc., Hotelogix India Pvt. Ltd., InnKey PMS, InnQuest Software, International Business Machines Corp., Koch Industries Inc., Microsoft Corp., Micro Star International Co. Ltd., Northwind Commercial Real Estate, Oracle Corp., Saaranya Hospitality Technologies Pvt. Ltd., and SAP SE. AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View Free Sample Report PDF Forecast period 2024-2028 Base Year 2023 Historic Data 2017 - 2021 Segment Covered Application (Commercial, Industrial, Residential, and Recreational marinas), Component (Solutions and Services), and Geography (North America, Europe, APAC, South America, and Middle East and Africa) Region Covered North America, Europe, APAC, South America, and Middle East and Africa Key companies profiled 360 Mango Solutions Pvt. Ltd., Amadeus IT Group SA, CBRE Group Inc., Ciirus Inc., Digital Arbitrage Ltd., Ezee Technosys Pvt. Ltd., Frontdesk Anywhere Inc., Guestline Ltd., Honeywell International Inc., Hotelogix India Pvt. Ltd., InnKey PMS, InnQuest Software, International Business Machines Corp., Koch Industries Inc., Microsoft Corp., Micro Star International Co. Ltd., Northwind Commercial Real Estate, Oracle Corp., Saaranya Hospitality Technologies Pvt. Ltd., and SAP SE Key Market Trends Fueling Growth Property management is a dynamic market that caters to property owners, landlords, and real estate professionals. Urbanization drives demand for property operations, including maintenance, tenant interactions, and returns. Population growth fuels the need for residential, commercial, industrial spaces, and rental properties. Technology plays a crucial role, with digital solutions enhancing accountability through lease management, tenant communication, and customer satisfaction. Property maintenance and tenant management remain key focus areas, especially during lockdowns and economic uncertainty. Anarock Property Consultants' opportunity assessment highlights trends like smart building projects, workplace mobility, and IoT devices. Real-time data and smart buildings prioritize public safety and offer cost savings. However, financial limitations and security risks require careful consideration when deploying AR, VR technologies. Porter's Five Forces analysis reveals components like competition, supplier power, buyer power, threat of new entrants, and threat of substitutes. Cloud-based solutions cater to SMEs and large enterprises in verticals like ITES, telecommunications, banking, financial services, insurance, manufacturing, consumer goods, healthcare, entertainment, and trade. Blockchain technology is revolutionizing the property management industry by enabling faster and more secure transactions and information exchanges. Smart contracts based on this technology are becoming popular alternatives to traditional lease agreements and rent-collecting procedures. These contracts automate contract processing, saving time and effort, while adding safety and transparency to real estate transactions. Another emerging trend is property tokenization, which transforms specific properties into tokens for secure transfer between contract parties. This innovative approach streamlines transactions and opens new opportunities for real estate startups. Insights on how AI is driving innovation, efficiency, and market growth- Request Sample! Market Challenges Property management entails overseeing and maintaining real estate assets, including residential, commercial, and industrial spaces. Property owners and landlords rely on real estate professionals to ensure optimal property operations and returns. Urbanization and population growth present challenges, such as tenant interactions, maintenance, and accountability. Technology plays a crucial role, with digital solutions enhancing lease management, tenant communication, and customer satisfaction. Economic uncertainty and lockdowns necessitate adaptability and innovation. Anarock Property Consultants' opportunity assessment highlights the potential of smart building projects, workplace mobility, and IoT devices. However, financial limitations, security risks, and compliance concerns necessitate careful consideration when deploying AR, VR technologies, or IT solutions. Porter's Five Forces analysis reveals components like competition, suppliers, buyers, threats, and substitutes impacting the property management market. Organizations, from SMEs to Large Enterprises in sectors like ITES, Telecommunications, Banking, Financial Services, Insurance, Manufacturing, Consumer Goods, Healthcare, Entertainment, and Trade, grapple with these challenges. Advanced technologies, including artificial intelligence, chatbots, and machine learning, are revolutionizing the property management industry. These technologies streamline problem-solving processes, keeping customers informed and in control. By analyzing customer behavior patterns, property managers can offer customized solutions. Customer-facing applications are emerging, allowing customers to engage in the management process. Data analytics is being integrated into property management software to derive insights, better understand customer needs, and predict demand trends. These advancements enhance customer satisfaction and efficiency in property management. Insights into how AI is reshaping industries and driving growth- Download a Sample Report Segment Overview This property management market report extensively covers market segmentation by Application 1.1 Commercial 1.2 Industrial 1.3 Residential 1.4 Recreational marinas Component 2.1 Solutions 2.2 Services Geography 3.1 North America 3.2 Europe 3.3 APAC 3.4 South America 3.5 Middle East and Africa 1.1 Commercial- Commercial property management involves overseeing the administration and operation of non-residential properties, including office buildings, retail spaces, industrial facilities, and commercial complexes. The commercial segment requires specialized expertise in tasks unique to commercial real estate, such as lease negotiations, tenant retention strategies, facility maintenance, and adherence to commercial property regulations. The demand for commercial property management services has escalated due to the intricacy of managing diverse commercial real estate portfolios. Notably, the APAC region, particularly China and India , is experiencing significant growth in the commercial property sector. Cities like Shanghai and Beijing in China have witnessed increased office space requirements, with international corporations setting up operations. In the Middle East , countries such as the UAE, Saudi Arabia , and Qatar are expanding their commercial sectors with infrastructure projects and free zones. Dubai , for instance, has emerged as a global business hub, necessitating advanced commercial property management services for large office complexes, shopping malls, and industrial zones. The growth of the commercial real estate sector will continue to fuel the market's expansion in the commercial segment during the forecast period. Download complimentary Sample Report to gain insights into AI's impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2017 - 2021) Research Analysis Property management refers to the process of overseeing and maintaining real estate properties on behalf of property owners, landlords, and real estate professionals. Urbanization and population growth have led to an increased demand for property management services, encompassing residential, commercial, industrial spaces, and rental properties. Property operations include tenant interactions, maintenance, and ensuring optimal returns for property ownership experience. The property management market faces various challenges such as lockdowns and economic uncertainty. However, digital solutions are transforming the industry, enabling efficient property management through cloud-based platforms and on-premises systems. Porter's Five Forces analysis reveals component suppliers as a significant force, with ITES and real estate professionals as buyers. Deployment types include on-premises and cloud solutions, catering to organization sizes ranging from SMEs to large enterprises in the verticals of property management. Market Research Overview Property management refers to the process of overseeing and maintaining real estate properties on behalf of property owners, landlords, and real estate professionals. Urbanization and population growth have led to an increased demand for property management services, encompassing residential, commercial, industrial spaces, and rental properties. Property operations include maintenance, tenant interactions, and lease management. Technology plays a crucial role, with digital solutions offering accountability, tenant communication, and customer satisfaction. Porter's Five Forces analysis reveals components such as threat of new entrants, bargaining power of buyers, suppliers, and substitutes, and competitive rivalry. Property management solutions are deployed on-premises or in the cloud, catering to SMEs and large enterprises across various verticals like ITES, telecommunications, banking, financial services, insurance, manufacturing, consumer goods, healthcare, entertainment, and trade. The ongoing challenges of lockdowns and economic uncertainty necessitate smart building projects, workplace mobility, IoT devices, real-time data, and smart devices. Financial limitations, security risks, and compliance concerns call for innovative solutions like AR and VR technologies, data structures, IT teams, and buyer experiences. Table of Contents: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation Application Commercial Industrial Residential Recreational Marinas Component Solutions Services Geography North America Europe APAC South America Middle East And Africa 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com Website: www.technavio.com/ View original content to download multimedia: https://www.prnewswire.com/news-releases/property-management-market-to-grow-by-usd-11-3-billion-2024-2028-driven-by-compliance-with-industry-regulations-with-ai-transforming-the-landscape---technavio-302321199.html SOURCE Technavio © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.What’s in store for bitcoin in 2025 as Donald Trump returns to the White House?
NoneGary Lineker jokes about his Match Of The Day exit as he returns to showJets interim coach Jeff Ulbrich: Certain penalties can illustrate ‘lack of discipline’