Real Estate Project Management Software & Tools Zoho Projects

The software you choose can make a monumental difference in your success when analyzing development projects. Build a centralized file repository, that provides version control and allows teams to share and retrieve relevant project documentation such as change orders, contracts, RFIs etc. Conduct automated profit and loss calculations, create project budget, monitor accounts payable/receivable and track invoices/billing. What becomes an administrative nightmare is when SMBs manage these responsibilities using cumbersome manual methods, such as Excel sheets.

You deserve a platform that gives you control—bringing together the people, the finances, and all the moving parts into one place. TurboTenant’s online rent payment module helps you to collect rent conveniently. It also sends timely reminders via email to ensure that rent is received on time.

Innago is a free cloud-based software designed to help real estate managers and landlords collect rent payments, sign leases, and screen tenants online. However, charges are applicable as and when online payments are made or when tenant background checks are conducted. A day in the life of a real estate project manager can vary widely, since they often handle multiple projects concurrently. Multi-tasking, communication skills, time management, collaborating with multiple stakeholders, grace under pressure, and analysis are musts. Project management is a growing field, and professionals employ it interchangeably across many industries.

Connect the field with the back office seamlessly using Sage Service Operations.

Rentec Direct saves your time from unqualified tenants by initiating robust and reliable credit reports via TransUnion, nationwide criminal reports, and eviction reports. Hemlane is a web-based tool, optimized for use in mobile web browsers as well. Takeoff is the process of determining how much material is needed to complete your project.

real estate project management software

The software dashboard reflects the application status and allows you to add or edit it manually. Because real estate projects tend to be complex and carry a high level of financial risk, you need the best project management software for real estate teams, which you’ll find in our roundup below. The real estate property management software market is replete with terrific options that provide the balance between price, deployment, and features offered. Let us take a closer view of the free and open source real estate property management software segment below the options available.

TurboTenant: Online rent payment module

In such cases, a cloud-based tool where the vendor takes care of software maintenance is more preferable than an on-premise solution, in which the company has to manage data storage and software maintenance. Likewise, if you’re a developer who also needs to manage the property post-construction, then you needproperty softwarefor maintenance management, tracking tenant details, lease real estate project management software dates and collecting rents. These buyers are typically evaluating real estate development solutions for the first time. Hence, they would be primarily concerned with software costs, rather than checking out specific features. To find your ideal software match, you need information you can trust—so you can save time, stay on budget, and focus more energy on growing your business.

Avail is a cloud-based real estate property management software designed for independent landlords to find, screen, and maintain tenants. It publishes your property on popular rental sites such as Zillow, Trulia, Walkscore, and You can quickly manage leads from these rental listings by responding to potential clients, in-person coordination, and virtual meetings. You can share your property listing on social media platforms such as Facebook to increase your reach. Document management tools allow ClickUp users to create wikis and edit documents in-application, letting your team build a knowledge base. Chat features allow users to collaborate on documents or tasks without leaving the application.

real estate project management software

Software budget.The pricing of software is a primary concern for small business real estate developers. As a result, cloud-based tools with a subscription-based pricing is easier on the wallet than on-premise solutions, which come with an upfront license fee. Does your shortlisted real estate management software offer training modules and a knowledge base for users?

Advantages of Real Estate Property Management Software

Projects in the real estate industry may vary from renovation projects that require detailed planning to a complicated deal that involves skilful negotiation. Project management in real estate industry covers planning, schedule management, resource management, collaboration and stakeholder relations management. The way to tackle this is by using real estate development software that helps small developers manage their work more efficiently. “ClickUp’s integral approach… combines project management, task management, lists with calculated fields, gantt charts, mind maps, timesheets, email and context focused chat all into a single application.”

Get detailed visibility and control costs and variations for large or complex projects, with add-on capabilities for managing tendering and payment applications. Use data collected from across your projects to get insight into current and future developments. Connect all your people, software, and data on one platform so everyone has access to the information they need. We collaborate with GPS data aggregators and telecoms to get mobility data and process it into statistically normalized metrics of footfall, occupancy and location risk. TurboTenant provides you complete access to important tenant information such as credit reports, criminal history, and eviction records from TransUnion.

GanttPRO is an easy-to-use project management tool based on Gantt Charts that can help you manage all kinds of real estate projects and teams from different spheres. Pendo is a real estate project management solution for property managers who manage between one to 100 properties. Customer safety is a top priority in the real estate property management industry. Real estate property software inducts several features that verify tenant details and, simultaneously, insure the property. You can now perform property management much easier thanks to the softwares that are indicated above.

Sage X3

A project manager is a person who brings all the disparate pieces of a project together, ensuring that the different phases of work are completed efficiently and within a predefined budget. Sometimes a project manager isn’t designated or given a title, but the work of a project manager is completed under someone’s purview within an organization or given project. Real estate project managers use the task management feature to manage multiple projects by breaking them into tasks, subtasks, task lists, and milestones. It gives them the ability to assign roles and due dates to team members while overseeing everyone’s progress. Procore is a real estate project management system that provides end-to-end business tools specifically tailored to cater to the needs of the Real Estate and Construction industries with innovative technology. NTask is project management software that can help you streamline your real estate project planning, financial summaries, resource management, and manage your project deliverables with ease.

real estate project management software

These are some boxes you should tick before finalizing any software solution. If you’re planning to manage a real estate project, or pursue work in the field, you’ll need to know some basic technology, Gillian advises. Generally, if you can work with spreadsheets and scheduling technology and use mobile apps, then you can adapt to workplace software programs designed for real estate environments. Even contractors and construction workers are now required to use virtual “notes” systems instead of more analog methods to alert team members about work site happenings.

What Is Real Estate Development Software?

The online real estate property management software supports four different properties. Also, it provides all the traditional tools for real estate property management, viz. Rental analytics, maintenance tracking, 1099 e-filing, streamlined onboarding, rental insurance eLease management, and much more. Right away, it promises automated communication and reminders – rent, maintenance, lease/rent agreement expiration, etc.

Your home for all things project management.

A good real estate property management software should be equipped with work order management tools. It should not only allow maintenance record filing but also allow you to edit, assign, and track work orders. Rent Manager is property management software designed for residential and commercial real estate properties with portfolios of any size. It offers a complete suite of accounting and reporting, marketing and leasing, business operations, maintenance, and software customization features.

If you want to know who closed the most issues you can check the user-based task completion reports to understand the work-hour split among your team members. The issue tracking feature helps automate repetitive issue status updates and alerts the right people at the right time. With this feature, you can get detailed reports of issues and create custom views for them based on your project needs. Sage 300 Construction and Real Estate, along with Sage Paperless Construction, provides you with greater control of your documents and a clean audit trail, therefore reducing your risk. Organize, store, and route all versions of drawings, RFIs, invoices, lease agreements, contracts, and more to keep your business moving. Automate field reporting, and easily schedule employees, equipment, and subcontractors.

#2 Property Matrix

The business of real estate also requires dealing with many clients and working on large-scale projects. There needs to be a close focus on risk and cost management, which are crucial in the real estate sector. Several times clients want to be included in the whole process while scouting a property. With ProofHub, clients and stakeholders can be kept in the loop by constantly sharing any new developments, holding discussions about leads, assessing their requirements, and much more. Track cost updates and project statuses in real time from anywhere, so you can make smart management decisions. As the ultimate owner and financial backer of any new construction project, you’re responsible for its success—beginning with an idea and ending years or even decades later with a building and the community around it.

Examples of these are the generation of financial reports, budget allocation, communications with stakeholders and payment management. As a result, you can use it to perform bank account transfers when required. Buildium makes all these capabilities possible through an intuitive dashboard. Capable of capturing and recording online payments, this software can be used at no cost through a limited-period demo trial.

Also available are barcode and QR code identifiers, while there remains an audit trail to record process changes. Buildium is an Open API, trial-based real estate property management software. The online real estate property management software allows easy integration of essential data with multiple applications. The real estate property software offers to manage numerous properties across the United States from a centralized dashboard.

These objects act as an interface between the digital and the real worlds. It can be of different shapes, sizes, and levels of technical complexity based on the task they have to perform within the particular IoT deployment. Thanks to SumatoSoft can-do attitude, amazing work ethic and willingness to tackle client’s problems as their own, they’ve become an integral part of our team.

They include software development platforms, frameworks, services, standards, tools for building digital twins, fog computing and edge computing solutions, and many more. Eclipse IoT projects focus on working with the Lua programming language, which is considered a good fit for Internet of Things projects. The development of machine-to-machine applications is easy with the M2MLabs Mainspring framework. This open-source Java-based framework is widely used for building fleet management apps and remote monitoring projects.

Our recent software

Node-RED is a free programming tool based on Node.js and designed to integrate distributed IoT hardware and software systems and automate their interaction. It works primarily in Linux environments but can be installed on Android and Windows as well (you’ll only need a Linux subsystem for WIndows). Node-RED offers out-of-the-box repositories, interfaces for connecting to MQTT, logic sets and format parsers, as well as the ability to write custom components. To create connected devices, you can also use Tessel 2 — a programmable microcontroller supporting JavaScript, Node.js libraries and other languages. It runs Linux and provides access to many NPM modules with all their capabilities.

Developing IoT enabled products requires a different sort of consulting approach, which can offer an intense collaboration between the domain experts, manufacturers and IT consultants. Rikki Farr, a veteran in the music industry who has worked with music legends- The Beatles and Jimi Hendrix, is the man behind RIVA WAND speakers. The audio manufacturers engaged us to build an app that could connect the speakers to bestow unrivaled symphonic experience to its users. Using AWS IoT, we connect devices to AWS cloud services to help you monitor, manage and track the plethora of connected devices. We develop IoT-enabled applications for the manufacturing industry that can facilitate the production flow, automatically monitor development cycles, and manage warehouses and inventories. We develop IoT-enabled apps that enable real-time fleet management and greater transportation efficiency for the logistics industry.

The Internet of Things saves you time and money on interacting with a great number of devices that you use. We implement solutions that monitor data, automate the routine procedures, and predict how to optimize resources. We develop a host of different types of sensors for detecting motion , pressure, temperature and humidity, the presence and proximity of objects, and environmental factors . We help automate processes like location tracking, industrial machine operations, proximity alerts, and machine learning. Learn more about development of an app for banknote handling hardware to enable efficient management of cash collection, validation and counting through smartphones.

Andersen’s Internet of Things development projects

In this stage, the architecture consists of sensors and actuators that collect data from the environment or object and turn it into useful data. Known as the mobile programming language, Java is compatible with various peripheral devices and is well suited for IoT devices. IoT has already dominated our lives, our homes, and workplaces. Therefore, the gadgets must make our daily functioning easier. At Softwarehut, we are aware of this, so when designing IoT systems, we put their functionality and usability first.

iot development software

Harness the power of connected things by providing consumer-centric user experiences to show data and control devices. Connect to sensors, beacons, and connected devices to collect data and provide visualizations, analytics, and information modeling. Discover the full potential of the IoT technology and find out how it can optimize processes, reduce costs, and improve service quality in your company. Complex consumer products with a central monitoring system to connect smart things, control apps and user apps. Start from the ground up and breathe digital life into your brand new hardware via fast and stable firmware that complies with all relevant security standards and comes with functional APIs.

Data processing

Ensure accessiblity through web or mobile applications on any platform. Marry OTS and custom solutions that most efficiently connect your devices. Implementing IoT in Asset Management helps manage assets efficiently by reducing operational costs and maximizing productivity with real-time data.

iot development software

Through trial and error, you can figure out the best ways to make the device as secure as possible, so we recommend making updates as soon as you have something to improve in your security system. It’s a system that allows to prevent rather than fix any breaches in a security system with the help of regular testing, authentication safeguards, and the best cybersecurity practices. Low current and intermediate power consumption, 100-meter connectivity range. 10- to 100-meter connectivity range, affordable & widely-used. So, the data you’ll obtain will be either sent to the Cloud or stored locally. Thus, you’ll need to decide how much data you’ll need to store temporarily to do all the necessary calculations or for buffering purposes in case your cloud connection crashes.

IoT consulting

Software is traditionally managed by humans and is applied on desktop computers or laptops and now, even on tablets and smartphones. It is a combination of hardware and software that must smoothly operate in different conditions. Providing solutions helping gain visibility into the way people use devices, facilities, and spaces and improve the efficiency and safety of smart homes and cities. Thanks to transparent dashboards, you will be able to visualize trends and make business decisions faster, based on real-time data. Our experienced and highly skilled team of IoT system engineers will add cellular, Wi-Fi, RFID, GPS, Bluetooth, and other types of secure wireless control and connectivity to your product. Our zero headache IoT engineers team is a pool of the best IoT developers who are ready to take on your projects from the word go.

iot development software

When the outsourcing project team is resting during the night, your office team in your home country is awake and updating things. Below are some of the reasons why outsourcing your IoT development is a great move. The financial and banking sector is among the many industries that have already embraced blockchain.


Centralized control panels make it easy to enable and disable devices, set sensor triggers, and control other settings for all integrated systems. We also integrate best-in-class Business Intelligence software for generating and sharing actionable insights. Our engineers have been contributing to the development of all the infrastructure required for data collection and storage. We also built dynamic dashboards for data analysis and visualization, enabling end customers to get valuable insights on facility operations. As an innovative startup or enterprise, shifting tech responsibility to an experienced tech partner is a smart choice. With our IoT development services, Softeq is an experienced tech partner you can rely on.

ThingWorx is an Industrial IoT platform that is designed to develop industrial IoT solutions rapidly with the capability to scale from the cloud to edge securely. Our team of IoT, AI, ML, Mechanical, and Electrical experts worked together to create a smart tea maker that enables iot development software users to make their recipe from the web interface, mobile app, and machine itself. The combination of IoT and AI resulted in a fully automatic Tea Maker Robot. We prototype smart IoT devices to assist customers in testing concepts before proceeding to full-scale development.

The overview of the best development tools is very helpful for beginners. I’ve also checked your other articles on IoT, they are very informative. ThingsBoard Rule Engine allows you to create rule chains and event-based workflows for the perfect match with your use case requirements. Let’s briefly look at the 15 most popular tools currently used for IoT projects. Fill out the form to receive a free IoT development consultation.

IoT custom apps have become useful in smart grids, smart homes, smart cities, wearables, and many more. Already, over 60% of US cities are investing in smart city IoT technology, and the home IoT market is anticipated to reach $53.45 billion by 2022. You should have a budget for your IoT project that includes the cost of development, support, maintenance, and updates. Pick an outsourcing company with rates that are within the range of your budget. In case that your budget is too low, remove specifications that you do not need.

IoT Software Development Services

Once the implementation phase was completed and the greenhouse was assembled, the team finalized the calibration of sensors and configuration of the monitoring schedule. Let us help you choose the optimal route to achieving your product development and commercialization goals by bringing in our extensive expertise in this field. Avoid costly implementation mistakes, streamline your roadmap, and effectively minimize time-to-market while keeping your budget under control. Analytics have to assure quality and assess software risks as any negligence in IoT application development can cause security problems can be very expensive to correct. First and foremost, you should pay attention to how much data you need to analyze to keep your system functioning.

Something you might want to look for is how often the system is exposed to breaches, what the terms of changing the vendor are, etc. In case there’s a specific period of time after which the data won’t be considered fresh and relevant anymore, you can set a “maximum time gap” between the last and the next measurement. This way, your data collection will be performed with an interval fully tailored to your use case. Basically, this way, you correlate the desired accuracy of the data with the frequency of collection needed to reach it. It can happen that a certain level of accuracy will be sufficient and thus a higher level will not be providing any additional value. So, you will be able to reduce the measurement frequency which will save you resources used for data collection while still allowing option accuracy level.

Microsoft offers the Azure IoT development platform with capabilities such as data collection, analysis and visualization. Developers can also scale the IoT application and increase the interoperability between more devices without making vast changes. An IoT platform is an architecture connecting the entire IoT ecosystem, from connected devices, software, as well as the interface.

Our IoT software development services

Surely, we can give you general advice and prevent you from making certain mistakes based on our experience. Eventually though, your preferences & needs will be the decisive factor in many cases. Configuration and Control (turn on/off, change modes, etc.). It’s important to take even more control of the device’s components (like frequency of data measurements, data transferring to the cloud, etc.).

Descriptive analytics refers to a process whereby historical data is interpreted to understand changes in business operations. Descriptive analytics can be a useful business solution when used in conjunction with other forms, such as prescriptive analytics. Organizations that use it can gain a better understanding of the likelihood of worst-case scenarios and plan accordingly. This new EU data protection framework aims to address new challenges brought by the digital age. If all details and current remediation tasks are held purely within traditional security tools, this is likely to lengthen the time to respond, and create extra change management tasks for the service management team. In contrast, with prescriptive security, everyone involved can easily be kept informed of the situation.

Part of this total process of getting started with prescriptive analytics will be figuring out what sort of software you want to use to conduct your prescriptive analyses. IBM, NGDATA, River Logic, FICO, and SAS are just some of the organizations that offer optimization modeling and optimization solving software. There is a lot of mathematics, programming, analysis, and data science that goes into a successful prescriptive analytics program. If you don’t already have qualified people on board, you’ll want to consider finding the following types of professionals. For these reasons, the security requirements in the SSF standards do not map directly to PCI DSS requirements like the PA-DSS requirements do. On the one hand, in “principles-based” regulation agencies establish broad but well-articulated principles that a business is expected to follow.

Prescriptive Analytics in Marketing

Understanding the similarities and differences across the top 25 security frameworks can help you create a more robust cybersecurity compliance program. He has spent over 25 years in the field of secondary education, having taught, among other things, the necessity of financial literacy and personal finance to young people as they embark on a life of independence. Osian is responsible for the design and build of Cybersecurity controls in the UK managing a team of architects and subject matter experts.

And when it occurs, the system reacts immediately, giving no chance for the attacker to do anything. Instead of using the method of analysts’ intuition to implement security measures, prescriptive security uses a different strategy. It’s based on a well-developed plan that can be enforced repeatedly to protect the system. In the introduction, SAMA noted that applying new online services and new developments, such as fintech, and blockchain, require additional regulatory standards to protect against continuously evolving threats.

Understanding Prescriptive Security

Prescriptive analytics not only allows you to make sense of raw data but also allows you to determine the actions to take now. It leverages machine learning, simulations, mathematical formulae and optimisation and data modelling techniques to help enterprise leaders make better-informed decisions that are data-driven. It is the final stage in understanding your business and offers you a thorough understanding of the environment to improve business performance. Your attack surface is represented by all of the points on your network where an adversary can attempt to gain entry to your information systems. By keeping track of this information, you are more easily able to identify technology gaps and refresh cycles.

What is Prescriptive Security?

Developed by the Security Services Technical Committee, SAML is an XML-based framework that supports business communications for user authentication, entitlement, and attribute information. Organizations can apply it to human and machine entities, partner companies, or other enterprise applications. Organizations most often use SAML for web single-sign-on , attribute-based Understanding Prescriptive Security authorization, and securing web services. Its CAF provides guidance for UK Critical National Infrastructure , organizations subject to the NIS Directive cyber regulation, and organizations managing cyber-related risks to public safety.

It’s a type of threat intelligence security that aims to establish security measures and protocols depending on the inputs of risks. The idea of the approach is to keep up with potential risks to implement necessary controls that won’t allow damage to the protected system. Using SecurityScorecard, organizations can align their security controls with our ten categories of risk. Since Atlas maps to over 20 industry-standards, organizations can create a holistic, automated compliance program and remove the human error risk that comes from using spreadsheets.

Understanding Prescriptive Security

In this course, we will use data based on surface forms (i.e. ‘spoken’ or ‘produced’ data) and will try to describe how these surface forms occur through processes in the mental grammar. In June 2017, over 200 million records were publicly leaked worldwide, putting sensitive data at risk and undermining trusted relationships between organisations, citizens, partners and other stakeholders. Rather than having business leaders plot out strategies to the last detail, they create somewhat looser, more general strategies and solicit input from department heads and employees. This way, employees at various levels of the company hierarchy can voice their concerns about the strategy and suggest alternative actions.

What is descriptive analytics?

SideTrade uses prescriptive analytics to deepen their understanding of a client’s true payment behavior. Presently, North America is expected to remain a prominent region in prescriptive security market. Data mining is a process used by companies to turn raw data into useful information by using software to look for patterns in large batches of data.

Morgan Chase spending nearly $600 million each year to strengthen its cyber defenses and in the face of “a constant stream of attacks.” This is not surprising. Research by the Boston Consulting Group has found banks and financial institutions are 300 times more at risk of cyber-attack than companies in other sectors. PCI SSC recommends that software vendors with eligible payment software products have both their software development lifecycle practices and payment software validated to the respective SSF standards. Validating to both standards not only demonstrates that a vendor’s payment software is secure upon validation, but also demonstrates greater assurance that the software will remain secure throughout its lifetime.

What is predictive analytics? An enterprise guide

CIS’s cybersecurity best practices and tools can assist organizations who are working towards compliance. Implementation Group 1 is for organizations with limited resources and cybersecurity expertise. Implementation Group 2 is for organizations with moderate resources and cybersecurity expertise. It puts health care data in context to evaluate the cost-effectiveness of various procedures and treatments and to evaluate official clinical methods. It is only effective if organizations know what questions to ask and how to react to the answers. A business must update the attorney general if all this information is unknown at the time of the breach.

Surrounding this central core is an enumeration of the cybersecurity controls that you have deployed. Some controls, such as firewalls and endpoint are deployed with a goal of preventing attacks. It’s a security philosophy that attempts to predetermine security controls and procedures based on the inputs of risks.

Meaning, it keeps implementing new security measures to nearly eliminate the risk of a successful cyber attack. NIST is a US non-regulatory government agency that sets standards across the physical sciences. Originally intended for critical infrastructure owners and operators, NIST CSF can be used by any organization. Founded in 1945, ISA is a non-profit professional association that established a Global Security Alliance to work with manufacturers and critical infrastructure providers.

Examples of Prescriptive Analytics

Each entry includes a link to the full text of the law or regulation as well as information about what and who is covered. We are in a multi-framework era where organizations large and small, public and private, are tasked with complying with multiple cybersecurity policy, regulatory and legal frameworks . Our Atlas platform maps controls across various standards so that customers have visibility into their compliance posture. The instant turnaround of data analysis and outcome prediction lets your team spend less time finding problems and more time designing the perfect solutions. Artificial intelligence can curate and process data better than your team of data engineers and in a fraction of the time.

What will it take to accomplish your goal?

Understanding the Mintzberg emergent strategy can help a business leader understand the prescriptive strategy better because it provides a clear contrast. While an emergent strategy develops in the absence of or in opposition to a defined mission statement and goals, a prescriptive strategy is built around a company’s goals and mission. For example, a rehabilitation center that takes a holistic approach to patient progress might consciously employ a similarly holistic management strategy for its employees. In practice, this could mean regular employee check-ins with an on-site counselor or a company culture that encourages employees to set personal goals for themselves and hold each other accountable for reaching them. A service level agreement is a proven method for establishing expectations for arrangements between a service provider and a customer. SLAs involve identifying standards for availability and uptime, problem response/resolution times, service quality, performance metrics and other operational concepts.

It’s entirely possible to stop after getting an accurate picture of the present and what led up to it, but most organizations would be short-sighted if they stopped at that point. Sticking only to descriptive analysis leaves the future a mass of uncertainty that is likely to surprise–and not in a good way. Instead of simply predicting what will happen, prescriptive analysis tweaks certain variables to achieve the best possible outcome, and then prescribes that course of action. Technology has given us the ability to forecast enterprise trends and predict success in ways the business leaders of yesterday couldn’t fathom. In the past, successful businesses had to rely on small sample sizes, simple questionnaires, and other ways of gathering of data to predict general trends, but not anymore.

Understanding Medicare’s Options: Parts A, B, C and D

February 2021 – ATOS acquired Motiv ICT Security a cybersecurity services company to expand ATOS’s network of prescriptive security approach. Asia Pacific is expected to have the fastest growth in the market due to mobile workforce expansion, promoted by the increase adoption of mobile gadgets. Further, SMEs in the region are adopting prescriptive security solutions to safeguard their sensitive and important business data from, misuse prescriptive security of data, and cyber threats. Countries in Asia Pacific such as Japan, China, and India are widely adopting encryption technologies to protect their data that further helps in the growth of the market. Suppose you are the chief executive officer of an airline and you want to maximize your company’s profits. The potential of AI to transform business performance is only now starting to be more widely understood in Financial Services.

In the past, security was about searching for a needle in a haystack, where the needle was an isolated intrusion. Numerous types of data-intensive businesses and government agencies can benefit from using prescriptive analytics, including those in the financial services and health care sectors, where the cost of human error is high. The Framework is designed to complement, not replace, an organization’s cybersecurity program and risk management processes. In order to analyze data comprehensively, you need a robust and versatile location for data storage.

When prescriptive analytics is performed effectively, findings can have a real impact on business strategy and decision making to improve things such as production, customer experience and business growth. • Rules and regulation imposed by the government mandating prescriptive standards for all market players is anticipated to restrict the growth of the market. • High cost of prescriptive security systems is expected to hinder the growth of the market.