Tuesday, November 24, 2015

REAL ESTATE SOFTWARE MARKET 2015 TO GROW AT CAGR OF 5.04% BY 2019

Posted by S@uR@bH ThE tEsTeR
Global Real Estate Software Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global Real Estate Software market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Global Real Estate Software market to grow at a CAGR of 5.04 percent over the period 2013-2018.
One of the key factors contributing to this market growth is the easy access to real estate data. The Global Real Estate Software market has also been witnessing the growing demand of real estate software in the corporate end-user segment. However, the issues pertaining to data security and privacy could pose a challenge to the growth of this market.
Commenting on the report, an analyst team said: “Several corporations including those from Communication, Financial Services, Energy, and Healthcare, use real estate software to manage their real estate portfolios including manufacturing locations, distribution locations, R&D locations, and regional offices. In the last few years, these corporations have begun focusing more on real estate software technology. The demand for real estate software is growing in the corporations in order to reduce the overall cost of real estate and also to perform better property site searches.
Geography is one of the most important factors for any property site search, whether it is an office space, where the commute times of the executives have to be considered, or the location of a R&D facility, or the location of a warehouse that needs quick access to a highway. The corporate real estate end-user segment is highly fragmented in terms of its requirements and requires specific solutions for each requirement. In addition, creating appealing workspaces with ergonomic design is a top priority for leading real estate corporations. Real estate vendors provide IWMS to corporations in order to effectively manage key metrics, such as total square footage and vacancy status for workspace creation.”
According to the report, one of the major drivers is the easy access to real estate data. Due to the presence of a large amount of data, enterprises need software to automatically track the performance and behavior of the information stored in their IT systems. They require the software to manage online sales and purchases of properties and thus improve their overall operational efficiency.
Further, the report states that one of the major challenges in this market is the issue pertaining to data security and piracy. Enterprises are very skeptical about sharing their confidential data since most of the real estate data deals with financial planning, budgeting, and contract management. In addition, most of the providers in this space are SaaS/web-based solution providers. In a SaaS-based model, there is always the risk of information leakage, which could result in unauthorized access and misuse of organizational data.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
The key vendors dominating this market space are Accruent Inc., Argus Financial Software, MRI Software LLC, RealPage, Inc., and Yardi Systems Inc.
Other vendors mentioned in the report are AMSI Property Management, CoStar Group, Fiserv Inc., IBM Tririga, Oracle Corp, Trulia, and Zillow.

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Q-COE – ANOTHER BOOST FOR MALAYSIA’S REGIONAL SOFTWARE TESTING HOPES

Posted by S@uR@bH ThE tEsTeR
The Malaysia Software Testing Board (MSTB) has unveiled a Quality Centre of Excellence (Q-CoE) for software quality during the opening of the recent Software Testing Industry Stakeholders Consultation (STST) 2015 held in Kuala Lumpur.
MSTB president Mastura Abu Samah said the Q-CoE will “be a manifestation of knowledge capital garnered from projects and activities carried out under the Malaysia Software Testing Hub (MSTH) initiative”, which have been augmented through collaborations with various international partners such as University of Memphis, USA, German Testing Board, Japan’s Association of Software Test Engineering, Korea Testing Laboratory and University of Duisburg-Essen, Germany.
Mastura said the Q-CoE was a natural progression in MSTH implementation after focusing on building up the soft structure necessary to enable growth of Malaysia’s software testing industry.
The centre will engage all stakeholders of Malaysia’s software testing ecosystem and it is expected to play a role in driving the development and growth of Malaysia’s software testing industry through knowledge-centric strategies and approaches
“Over the last five years, discussions at STST have help propelled significant movement in growing awareness and demand for Independent Verification and Validation (IVV) services in Malaysia,” Mastura  said, adding that such constructive engagement continues at this year’s forum.
STST 2015 featured keynotes from Professor Dr Jasbir Dhaliwal and Associate Professor Dr Robin Poston, both from University of Memphis, USA, as well as Dr Suhazimah Dzazali, deputy director general (ICT) of the Malaysian Administrative Modernisation and Management Planning Unit (MAMPU).
“I urge all stakeholders to leverage on the STST 2015 platform to provide input for refinements and new plans. It is prudent to highlight our needs and interests, and make recommendations that will contribute towards growth of the industry. Opportunities are there and if we play our cards right, each of us will stand to prosper in our own right,” she added.
STST is organised by the MSTB, in collaboration with the Economic Planning Unit (EPU) of the Prime Minister’s Department, Standards Malaysia and MAMPU. The STST forum was introduced in 2010 under the patronage of the MSTH and serves as platform for stakeholders’ consultation on software testing industry development programmes initiated under MSTH.

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