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Net Element Reports Second Quarter 2019 Financial Results and Provides a Business Update

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Financial results continue to improve as new proprietary value-added solutions begin gaining traction going into the second half of 2019

MIAMI, Aug. 14, 2019 (GLOBE NEWSWIRE) — via NetworkWire – Net Element, Inc. (NASDAQ: NETE) (“Net Element” or the “Company”), a global technology and value-added solutions group that supports electronic payments acceptance in a multi-channel environment including point-of-sale (“POS”), e-commerce and mobile devices, today reports its financial results for the second quarter ended June 30, 2019, and provides a business update.

Conference Call:

The Company will host a conference call on August 15, 2019, at 8:30 a.m. EDT to discuss second quarter 2019 financial results and business highlights. The conference call can be accessed live over the phone by dialing +1 (877) 303-9858, or for international callers +1 (408) 337-0139, and referencing conference code 5192255. It is recommended that participants dial in approximately 10 minutes prior to the start of the call.

The call will also be webcast live via https://edge.media-server.com/mmc/p/3wb2ioct. Following completion of the call, a recorded replay of the webcast will be available on the www.netelement.com/en/ir website.

Second Quarter Financial Results

  • Transaction processing volume of approximately $950 million, an increase of 8.5% over the same comparable period last year.
  • Transactions processed were approximately 28.8 million, an increase of 9.7% over the same comparable period last year.
  • Net revenues of approximately $16.5 million, no change as compared to the same period last year.
  • North American Transaction Solutions revenue increased to $15.7, an increase of 9% over the same comparable period.
  • Operating expenses were $2.3 million, representing a decrease of approximately 8% as compared to $2.5 million for the same comparable period.
  • Gross margin of approximately $2.6 million or 16% of net revenue, a slight decrease from $2.65 million or 16% of net revenue for the same comparable period.
  • Net loss per share increased to $ 0.37 from $0.23 for the same comparable period, primarily due to a one-time non-cash compensation expense.

Second Quarter 2019 Significant Achievements

  • Aptito entered into a channel partner agreement with HP Inc. for sales and support of HP’s line of Android-based POS devices.
  • Launched Blade, its proprietary, fully-automated, artificial intelligence (“AI”)-powered underwriting solution with predictive scoring.
  • Aptito launched cryptocurrency payment acceptance for merchants.
  • Launched Netevia Mastercard®, an exclusively-tailored business card for Unified Payments merchants.

“The first half of this year was instrumental in positioning the Company for further growth as we enter the second half.  We reduced expenses while increasing our processing volumes and transactions showing the scalability of our business and launched new proprietary value-added services utilizing our technology stack that will add to our revenues going forward,” commented Oleg Firer, CEO of Net Element. “We are well positioned to continue our growth trajectory and achieving our goals while building value for our shareholders.”

Outlook

Our strategy is to ensure that our business remains successful in a rapidly changing market, creating sustainable value for all our stakeholders, including our clients, distribution partners and shareholders.  We aim to achieve superior results for our clients by having a deep understanding of their payment acceptance needs, extensive market reach, strong product development and technology enablement.

Results of Operations for the Three Months Ended June 30, 2019 Compared to the Three Months Ended June 30, 2018

Net Element reported a net loss attributable to common stockholders of approximately $1.5 million or $0.37 per share loss for the three months ended June 30, 2019 as compared to a net loss of approximately $900,000 or $0.23 per share loss for the three months ended June 30, 2018. The increase in net loss attributable to stockholders of approximately $600,000 million was primarily due to the issuance of non-cash compensation (shares and options) valued, at the date of grant, of approximately $2 million which was offset by an increase of approximately in other income as a result of the reversal of $1.1 million in accrued expenses during the three months ended June 30, 2019 as compared to the three months ended June 30, 2018.

The following table sets forth Net Element’s sources of revenues, cost of revenues and the respective gross margins for the three months ended June 30, 2019, and June 30, 2018.

 
                     
    Three       Three        
    Months Ended       Months Ended       Increase /
Source of Revenues   June 30, 2019   Mix   June 30, 2018   Mix   (Decrease)
North American Transaction Solutions   $ 15,737,998   95.5 %   $ 14,419,129   87.6 %   $ 1,318,869  
International Transaction Solutions     749,313   4.5 %     2,045,588   12.4 %     (1,296,275 )
Total   $ 16,487,311   100.0 %   $ 16,464,717   100.0 %   $ 22,594  
                     
    Three       Three        
    Months Ended   % of   Months Ended   % of   Increase /
Cost of Revenues   June 30, 2019   revenues   June 30, 2018   revenues   (Decrease)
North American Transaction Solutions   $ 13,444,074   85.4 %   $ 12,227,059   84.8 %   $ 1,217,015  
International Transaction Solutions     457,291   61.0 %     1,586,949   77.6 %     (1,129,658 )
Total   $ 13,901,365   84.3 %   $ 13,814,008   83.9 %   $ 87,357  
                     
    Three       Three        
    Months Ended   % of   Months Ended   % of   Increase /
Gross Margin   June 30, 2019   revenues   June 30, 2018   revenues   (Decrease)
North American Transaction Solutions   $ 2,293,924   14.6 %   $ 2,192,070   15.2 %   $ 101,854  
International Transaction Solutions     292,022   39.0 %     458,639   22.4 %     (166,617 )
Total   $ 2,585,946   15.7 %   $ 2,650,709   16.1 %   $ (64,763 )
                     
YTD
                     
    Six       Six        
    Months Ended       Months Ended       Increase /
Source of Revenues   June 30, 2019   Mix   June 30, 2018   Mix   (Decrease)
North American Transaction Solutions   $ 30,101,504   95.5 %   $ 28,385,746   87.5 %   $ 1,715,758  
International Transaction Solutions     1,432,990   4.5 %     4,061,365   12.5 %     (2,628,375 )
Total   $ 31,534,494   100.0 %   $ 32,447,111   100.0 %   $ (912,617 )
                     
    Six       Six        
    Months Ended   % of   Months Ended   % of   Increase /
Cost of Revenues   June 30, 2019   revenues   June 30, 2018   revenues   (Decrease)
North American Transaction Solutions   $ 25,212,812   83.8 %   $ 24,291,131   85.6 %   $ 921,681  
International Transaction Solutions     948,700   66.2 %     3,141,211   77.3 %     (2,192,511 )
Total   $ 26,161,512   83.0 %   $ 27,432,342   84.5 %   $ (1,270,830 )
                     
    Six       Six        
    Months Ended   % of   Months Ended   % of   Increase /
Gross Margin   June 30, 2019   revenues   June 30, 2018   revenues   (Decrease)
North American Transaction Solutions   $ 4,888,692   16.2 %   $ 4,094,615   14.4 %   $ 794,077  
International Transaction Solutions     484,290   33.8 %     920,154   22.7 %     (435,864 )
Total   $ 5,372,982   17.0 %   $ 5,014,769   15.5 %   $ 358,213  
                     

Net revenues consist primarily of service fees from transaction processing. Net revenues were approximately $16.5 million for each of the three months ended June 30, 2019 and 2018. It should be noted that the dollar volume of transactions processed by our International segment has been showing improvement due to the boarding of  a large merchant account in the beginning of the year where the integration was completed during the second quarter of this year. In June of 2019, the dollar volume processed increased 7% from the previous month. This trend significantly improved in the month of July of 2019, as the dollar volume processed increased 46% from the previous month. We believe that this trend will continue and improve the overall performance and strategic vision of our International segment.

Cost of revenues represents direct costs of generating revenues, including commissions, mobile operator fees, interchange expense, processing, and non-processing fees. Cost of revenues for the three months ended June 30, 2019 were approximately $13.9 million as compared to approximately $13.8 million for the three months ended June 30, 2018.

Operating Expenses Analysis:

Operating expenses were approximately $5.2 million for the three months ended June 30, 2019, as compared to $4.1 million for three months ended June 30, 2018. Operating expenses for the three months ended June 30, 2019 primarily consisted of selling, general and administrative expenses of approximately $2.3 million, non-cash compensation of approximately $2.0 million, bad debt expense of approximately $0.1 million and depreciation and amortization of approximately $0.7 million. Operating expenses for the three months ended June 30, 2018, primarily consisted of selling, general and administrative expenses of approximately $2.5 million, bad debt expense of approximately $0.9 million, and depreciation and amortization expense of approximately $0.7 million.

The components of our selling, general and administrative expenses are reflected in the table below.

Selling, general and administrative expenses for the three months ended June 30, 2019, and 2018 consisted of operating expenses not otherwise delineated in our Condensed Consolidated Statements of Operations and Comprehensive Loss, as follows:

                 
Three months ended June 30, 2019                
                 
Category   North American
Transaction
Solutions
  International
Transaction
Solutions
  Corporate Expenses
& Eliminations
  Total
Salaries, benefits, taxes and contractor payments   $ 318,487     $ 95,231     $ 799,417     $ 1,213,135  
Professional fees     133,316       72,497       345,723       551,536  
Rent           15,277       51,277       66,554  
Business development     56,184       489       4,944       61,617  
Travel expense     35,511       5,084       33,299       73,894  
Filing fees     1,078             17,704       18,782  
Transaction gains           (12,974 )           (12,974 )
Office expenses     83,122       4,147       12,990       100,259  
Communications expenses     41,746       65,717       18,447       125,910  
Insurance expense                 36,267       36,267  
Other expenses     286       2,745       61,059       64,090  
Total   $ 669,730     $ 248,213     $ 1,381,127     $ 2,299,070  
                 
                 
Three months ended June 30, 2018                
                 
Category   North American
Transaction
Solutions
  International
Transaction
Solutions
  Corporate Expenses
& Eliminations
  Total
Salaries, benefits, taxes and contractor payments   $ 377,541     $ 349,068     $ 569,863     $ 1,296,472  
Professional fees     95,298       96,207       417,268       608,773  
Rent           24,058       45,987       70,045  
Business development     32,378       916       1,252       34,546  
Travel expense     43,782       5,194       40,211       89,187  
Filing fees                 12,508       12,508  
Transaction losses           37,301             37,301  
Office expenses     103,741       8,310       10,451       122,502  
Communications expenses     33,927       41,999       24,211       100,137  
Insurance expense                 34,247       34,247  
Other (income) expenses     (475 )     4,684       89,569       93,778  
Total   $ 686,192     $ 567,737     $ 1,245,567     $ 2,499,496  
                 
Variance                
                 
Category   North American
Transaction
Solutions
  International
Transaction
Solutions
  Corporate Expenses
& Eliminations
  Total
Salaries, benefits, taxes and contractor payments   $ (59,054 )   $ (253,837 )   $ 229,554     $ (83,337 )
Professional fees     38,018       (23,710 )     (71,545 )     (57,237 )
Rent           (8,781 )     5,290       (3,491 )
Business development     23,806       (427 )     3,692       27,071  
Travel expense     (8,271 )     (110 )     (6,912 )     (15,293 )
Filing fees     1,078             5,196       6,274  
Transaction gains           (50,275 )           (50,275 )
Office expenses     (20,619 )     (4,163 )     2,539       (22,243 )
Communications expenses     7,819       23,718       (5,764 )     25,773  
Insurance expense                 2,020       2,020  
Other (income) expenses     761       (1,939 )     (28,510 )     (29,688 )
Total   $ (16,462 )   $ (319,524 )   $ 135,560     $ (200,426 )
                 

Salaries, benefits, taxes and contractor payments remained relatively steady on a consolidated basis for the three months ended June 30, 2019 as compared to the three months ended June 30, 2018. This was primarily due to the Company’s continued monitoring of operations and labor costs necessary to maintain or increase revenues, including a reduction of the labor force in our International Transaction Solutions segment, which was partially offset by an increase in corporate expenses.

Reconciliation of Non-GAAP Financial Measures and Regulation G Disclosure

To supplement its consolidated financial statements presented in accordance with United States generally accepted accounting principles (“GAAP”), the Company provides additional measures of its operating results by disclosing its adjusted net loss attributable to Net Element, Inc. stockholders. Adjusted net loss attributable to Net Element stockholders is calculated as net loss attributable to Net Element stockholders excluding non-cash share-based compensation. Net Element discloses this amount on an aggregate and per share basis. These measures meet the definition of non-GAAP financial measures. The Company believes that application of these non-GAAP financial measures is appropriate to enhance the understanding by the Company’s investors of its historical performance through use of a metric that seeks to normalize period-to-period earnings.  A reconciliation of these non-GAAP financial measures with the comparable financial measures calculated in accordance with GAAP for the three months ended June 30, 2019, and June 30, 2018,  is presented in the following tables.

       
    GAAP  Share-based
Compensation 
  Adjusted Non-GAAP 
Three Months Ended June 30, 2019      
Net loss attributable to Net Element Inc stockholders $ (1,537,447 ) $ 2,005,840 $ 468,393  
Basic and diluted earnings per share $ (0.37 ) $ 0.48 $ 0.11  
Basic and diluted shares used in computing earnings per share   4,199,076       4,199,076  
Three Months Ended June 30, 2018      
Net loss attributable to Net Element Inc stockholders $ (903,731 ) $ 22,500 $ (881,231 )
Basic and diluted earnings per share $ (0.23 ) $ 0.01 $ (0.22 )
Basic and diluted shares used in computing earnings per share   3,855,866       3,855,866  
       
    GAAP  Share-based
Compensation 
  Adjusted Non-GAAP 
Six Months Ended June 30, 2019      
Net loss attributable to Net Element Inc stockholders $ (2,658,293 ) $ 2,020,847 $ (637,446 )
Basic and diluted earnings per share $ (0.66 ) $ 0.50 $ (0.16 )
Basic and diluted shares used in computing earnings per share   4,032,258       4,032,258  
Six Months Ended June 30, 2018      
Net loss attributable to Net Element Inc stockholders $ (2,514,578 ) $ 104,511 $ (2,410,067 )
Basic and diluted earnings per share $ (0.65 ) $ 0.03 $ (0.62 )
Basic and diluted shares used in computing earnings per share   3,854,506       3,854,506  
       

Use of Non-GAAP Financial Measures
Non-GAAP measures should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP. Non-GAAP measures exclude significant expenses that are required by GAAP to be recorded in the Company’s financial statements and are subject to inherent limitations.

About Net Element
Net Element, Inc. (NASDAQ: NETE) operates a payments-as-a-service transactional and value-added services platform for small to medium enterprise (“SME”) in the U.S. and selected emerging markets. In the U.S. it aims to grow transactional revenue by innovating SME productivity services using blockchain technology solutions and Aptito, our cloud-based, restaurant and retail point-of-sale solution. Internationally, Net Element’s strategy is to leverage its omni-channel platform to deliver flexible offerings to emerging markets with diverse banking, regulatory and demographic conditions. Net Element was ranked as one of the fastest growing companies in North America on Deloitte’s 2017 Technology Fast 500™.  In 2017 we were recognized by South Florida Business Journal’s as one of 2016’s fastest growing technology companies. Further information is available at www.NetElement.com.

Forward-Looking Statements
Securities Exchange Act of 1934, as amended. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Words such as “continue,” “will,” “may,” “could,” “should,” “expect,” “expected,” “plans,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” and similar expressions are intended to identify such forward-looking statements. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Net Element and are difficult to predict. Examples of such risks and uncertainties include, but are not limited to whether blockchain technologies will in fact play a key role in future commerce in the payments industry; whether the Company will achieve further growth or achieve its goals and when the Company will reach profitability. Additional examples of such risks and uncertainties include, but are not limited to (i) Net Element’s ability (or inability) to obtain additional financing in sufficient amounts or on acceptable terms when needed; (ii) Net Element’s ability to maintain existing, and secure additional, contracts with users of its payment processing services; (iii) Net Element’s ability to successfully expand in existing markets and enter new markets; (iv) Net Element’s ability to successfully manage and integrate any acquisitions of businesses, solutions or technologies; (v) unanticipated operating costs, transaction costs and actual or contingent liabilities; (vi) the ability to attract and retain qualified employees and key personnel; (vii) adverse effects of increased competition on Net Element’s business; (viii) changes in government licensing and regulation that may adversely affect Net Element’s business; (ix) the risk that changes in consumer behavior could adversely affect Net Element’s business; (x) Net Element’s ability to protect its intellectual property; (xi) local, industry and general business and economic conditions; and (xii) adverse effects of potentially deteriorating U.S.-Russia relations, including, without limitation, over a conflict related to Ukraine, including a risk of further U.S. government sanctions or other legal restrictions on U.S. businesses doing business in Russia. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in the most recent annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K filed by Net Element with the Securities and Exchange Commission. Net Element anticipates that subsequent events and developments may cause its plans, intentions and expectations to change. Net Element assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law.

Contact:
Net Element, Inc.
Media@NetElement.com

 

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Blockchain

Worldwide Algorithmic Trading Markets to 2024 – Lucrative Opportunities in Cloud-based Algorithmic Trading Platforms

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Dublin, Dec. 09, 2019 (GLOBE NEWSWIRE) — The “Global Algorithmic Trading Market: Growth, Trends, and Forecasts (2019-2024)” report has been added to ResearchAndMarkets.com’s offering.

The global algorithmic trading market is expected to register a CAGR of 11% in the forecast period.

The application has built-in intelligence to search for the opportunities that exist in the market as per the yield and other criteria defined by the user.

Key Highlights

  • The major growth drivers include the rising demand for fast, reliable, and effective order execution, gradually reducing transactional costs. Institutional investors and big brokerage houses use algorithmic trading to cut down on costs associated with bulk trading.
  • Further, increasing government regulations and growing demand for market surveillance is aiding market growth. Traders keep track of their trading activities and investment portfolio by using market surveillance technology. Furthermore, the emergence of AI in the financial service sector is expected to be a major factor aiding in the growth of the algorithmic trading market.
  • However, the speed of order execution, an advantage in ordinary circumstances, can become a problem when several orders are executed simultaneously without human intervention. For instance, the flash crash of 2010 was majorly due to algorithmic trading.
  • Also, algorithmic trading creates a situation of the highly liquid market due to rapid buy and sell orders without any human intervention. It can also lead to an instant loss of liquidity. This is, however, expected to restrain market growth. For instance, algorithmic trading was a significant factor in causing a loss of liquidity in currency markets after the Swiss franc discontinued its Euro peg in 2015.

Major Market Trends

Cloud-based Algorithmic Trading Platforms Expected to Gain Maximum Traction

  • The cloud-based algorithmic trading platforms are expected to gain the maximum market traction in the forecast period. This is majorly due to the various benefits like cloud-based trading solutions help traders to gain maximum profits and effectively automate the trading process. Also, due to their benefits such as easy trade data maintenance, cost-effectiveness, scalability, and effective management.
  • Cloud computing is a model which uses networks of remote servers usually accessed over the internet, to store, manage, and process data. Cloud technology often achieves cost savings or improves business agility and responsiveness. Cloud-based trading removes all the complexities to provide an extraordinarily powerful environment to allow the traders to focus more on developing trading strategies that work.
  • Due to the convenience of the cloud, traders can use the cloud service to check new trading strategies, backtest and run-time series analysis along with executing trades. It also helps the traders to access real-time data and access the data anywhere at any time.
  • According to LogicMonitor’s survey, 41% of enterprise workloads will be run on public cloud platforms like Amazon AWS, Google Cloud Platform, IBM Cloud, Microsoft Azure, and others, by 2020. On-premise workloads are predicted to shrink from 37% today to 27% of all workloads by 2020. Financial Services has the highest percentage of server images deployed in private or public clouds, approaching nearly 100% versus a median adoption rate of 19%.

North America Expected to Dominate the Market

  • North America is expected to hold the largest market size in the global algorithmic trading market in terms of adopting and developing algorithmic trading. The rising investments in trading technologies such as blockchain, increasing presence of algorithmic trading vendors, and growing government support for global trading are the major factors expected to contribute to the market growth during the forecast period.
  • Also, due to the substantial technological advancements and considerable application of algorithm trading in various applications such as banks and financial institutions across the region is expected to stimulate market growth.
  • Algorithmic trading is responsible for around 60-73% of all U.S. equity trading. According to Select USA, financial markets in the U.S. are the largest and most liquid in the world. In 2017, finance and insurance represented 7.5% (or USD 1.45 trillion) of the U.S. gross domestic product.

Competitive Landscape

The global algorithmic trading market is moderately fragmented due to the presence of various market players across the globe. Key players are focusing on developing new solutions and create effective marketing strategies for market surveillance to maintain and increase their market share.

Industry Developments

  • April 2019 – Virtu Financial, Inc. and MarketAxess Holdings, Inc., two global leaders in electronic trading, partnered to provide institutions with enhanced trading tools and access to global exchange-traded funds (ETFs) and fixed income securities. The effort, which includes the distribution of Virtu’s streaming eNAV ETF fair value offering, is expected to launch in the third quarter.

Key Topics Covered

1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Rising Demand for Fast, Reliable, and Effective Order Execution
4.3.2 Reduce Transaction Costs
4.3.3 Increasing Government Regulations
4.3.4 Growing Demand for Market Surveillance
4.4 Market Restraints
4.5 Industry Value Chain Analysis
4.6 Industry Attractiveness – Porter’s Five Force Analysis
4.6.1 Bargaining Power of Suppliers
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Threat of New Entrants
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
4.7 Technology Snapshot
4.7.1 Algorithmic Trading Strategies
4.7.1.1 Momentum Trading
4.7.1.2 Arbitrage Trading
4.7.1.3 Trend Following
4.7.1.4 Execution-Based Strategies
4.7.1.5 Sentiment Analysis
4.7.1.6 Index-Fund Rebalancing
4.7.1.7 Mathematical Model-Based Strategies
4.7.1.8 Other Algorithmic Trading Strategies

5 MARKET SEGMENTATION
5.1 By Types of Traders
5.1.1 Institutional Investors
5.1.2 Retail Investors
5.1.3 Long-term Traders
5.1.4 Short-term Traders
5.2 By Component
5.2.1 Solutions
5.2.1.1 Platforms
5.2.1.2 Software Tools
5.2.2 Services
5.3 By Deployment
5.3.1 On-Cloud
5.3.2 On-Premise
5.4 By Organization Size
5.4.1 Small and Medium Enterprises
5.4.2 Large Enterprises
5.5 Geography
5.5.1 North America
5.5.2 Europe
5.5.3 Asia-Pacific
5.5.4 Latin America
5.5.5 Middle East & Africa

6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Software AG
6.1.2 Refinitiv
6.1.3 63 Moons Technologies Limited
6.1.4 Virtu Financial, Inc.
6.1.5 MetaQuotes Software Corp.
6.1.6 Symphony Fintech
6.1.7 Info Reach, Inc.
6.1.8 ARGO SE
6.1.9 Tata Consultancy Services Ltd.
6.1.10 Algo Trader
6.1.11 Kuberre Systems, Inc.

7 INVESTMENT ANALYSIS

8 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/dbqvzb

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
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Blockchain

Smart Waste Management Market Worth $3.97 billion by 2025 – Exclusive Report by Meticulous Research®

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Smart Waste Management Market by Type (Smart Collection, Processing, Disposal), Component (Fleet Management, Remote Monitoring, Asset Management), Application (Residential, Industrial, Commercial, Construction, Energy), and Region – Global Forecast to 2025

London, Dec. 09, 2019 (GLOBE NEWSWIRE) — According to a new market research reportSmart Waste Management Market by Type (Smart Collection, Processing, Disposal), Component (Fleet Management, Remote Monitoring, Asset Management), Application (Residential, Industrial, Commercial, Construction, Energy), & Region – Global Forecast to 2025”, published by Meticulous Research®, the smart waste management market is expected to grow at a CAGR of 16.6% from 2019 to 2025 to reach $3.97 billion by 2025.

Smart waste management is recognized as a comprehensive solution for the effective management of solid and hazardous waste, produced on regular basis from several resources including residential and municipality, industrial, commercial, and construction and demolition sectors. Growing consumer and government focus towards adoption of advanced and effective waste management technologies, and increasing investments towards smart city initiatives is driving the growth of the smart waste management market. Many of the established companies in waste management solutions market and startups are increasingly focusing on developing consumer-centric affordable solutions for this market.

Request Sample Report: https://www.meticulousresearch.com/request-sample-report/cp_id=5063

Growing concern about hazardous waste disposal and its environmental impact, rapidly increasing industrialization, continuously tightening government regulations & guidelines with respect to waste disposal, and rapidly increasing population along with increasing waste volume are some of the key factors creating greater demand for smart solutions for waste management and disposal. Furthermore, favorable government initiatives including implementation of smart city initiatives and cleanliness awareness campaigns across the globe are also contributing to the growth of smart waste management technology market. However, high cost of connected infrastructure and poor connectivity may hinder the market growth to a certain extent.

The smart waste management market study presents historical market data in terms of value (2017 and 2018), estimated current data (2019), and forecasts for 2025– by type, component, application, and geography. The study also evaluates industry competitors and analyzes their market share at the global and regional levels.

Based on type, the smart disposal segment is estimated to account for the largest share of the overall smart waste management market in 2018. The large share of this segment is attributed to the growing integration of advanced technologies such as IoT, AI, blockchain, and GPS in the next-generation of smart disposal methods for sanitary & biological landfilling, and solar integration.

Based on the component, the smart waste management solutions segment is estimated to account for the largest share of the overall smart waste management market in 2019. This is mainly attributed to the consistently increasing need for time and cost-efficient solutions for real-time monitoring and management of waste from all sources.

Based on the application, the residential and municipality segment is estimated to account for the largest share of the overall smart waste management market in 2018. This is mainly attributed to the consistently increasing size of waste majorly from houses, gardens, hospitals, and government and public sectors. On the other hand, the industrial segment is slated to grow at the fastest CAGR during the forecast period due to increasing volume of waste from industrial sector due to rapid industrialization and growing adoption of smart disposal methods in order ensure safe disposal of hazardous waste.

The report also includes extensive assessment of the key strategic developments adopted by leading market participants in the industry over the past 4 years (2016-2019). The smart waste management market has witnessed number of partnerships & agreements in recent years. For instance, in 2018, SenRa (India), a LoRaWAN Network operator and IoT & M2M application & solution service provider partnered with a hardware design company, SmartEnds (Belgium) to develop BrighterBins, India’s first LoRaWAN-enabled smart waste bin solution in order to accurately monitor, dispose, and accomplish waste collection. Similarly, in 2017, Singaporean operator M1 signed a MOU with OTTO Waste Systems Pvt. Ltd. (Singapore), a leading waste management solutions company and SmartCity Solutions to implement Singapore’s first smart waste management system in order to offer efficient cleaning and productivity.

Some of the key players operating in the global smart waste management market are Suez Environmental Services (France), Veolia Environmental Services (France), Enevo (Finland), Smartbin (OnePlus Systems Inc.) (U.S.), IBM Corporation (U.S.), Waste Management, Inc. (U.S.), Bigbelly Inc. (U.S.), Covanta Holding Corporation (U.S.), Pepperl+Fuchs GmbH (Germany), BIN-e (Poland), Evoeco (U.S.), Ecube Labs Co Ltd. (South Korea), Republic Services (U.S.), Sensoneo (Slovakia), and Evreka (Turkey), among others.

Browse key industry insights spread across 180 pages with 115 market data tables & 19 figures & charts from the market research  report: https://www.meticulousresearch.com/product/smart-waste-management-market-5063/

Scope of the Report:

Smart Waste Management Market, by Type

  • Smart Collection
  • Smart Processing
  • Smart Disposal
  • Smart Energy Recovery

Smart Waste Management Market, by Component

  • Solution
    • Fleet Management
    • Remote Monitoring
    • Data Analytics & Advanced Reporting
    • Network Management
    • Asset Management
  • Services
    • Professional Services
    • Managed Services

Smart Waste Management Market, by Application

  • Residential & Municipality
  • Industrial
  • Commercial
  • Construction & Demolition
  • Energy
  • Water Supply & Sewage Treatment

Smart Waste Management Market, by Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Rest of Europe (RoE)
  • Asia-Pacific (APAC)
    • Japan
    • China
    • India
    • Rest of APAC (RoAPAC)
  • Latin America
  • Middle East & Africa

Download Free Sample Report Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5063

Related Reports:
E-waste Management Market by Equipment [Small, Large, Temperature, Screen, IT], Method [Recycling, Dispose/Trash], Waste Source [Household, Industrial, Telecom, Medical, Consumer], Material [Metal (Ferrous, Non-Ferrous), Plastic] – Forecast to 2025, read report: https://www.meticulousresearch.com/product/e-waste-management-market-5003/

Water and Wastewater Treatment Market by Treatment Technology (Membrane Separation, Membrane Bio-Reactor), Delivery Equipment, Treatment Chemicals, Instrumentation, Application, and Geography – Global Opportunity Analysis and Industry Forecast to 2025read report: https://www.meticulousresearch.com/product/water-and-wastewater-treatment-market-5026/

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Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, with the help of its unique research methodologies, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa regions.

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No Borders, Inc. (OTC: NBDR) Adds Finance Executive Stefan Lloyd to its Strategic Advisory Board

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Phoenix, AZ, Dec. 12, 2019 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — No Borders, Inc. (OTC PINK: NBDR) (the “Company”) is pleased to announce it has added Stefan Lloyd as its newest member of the Strategic Advisory Board.

As a globally renowned finance professional, Stefan sits on the Advisory Board of Ekap Aif, a Swedish venture capital firm as well as the Swedish American Chamber of Commerce in Texas and previously at the Institute for Innovation and Entrepreneurship at the University of Texas at Dallas.

Stefan has dual nationalities (Swedish/British) and has spent most of his career in finance ranging from M&A at UBS in the UK to co-founding and co-managing a $700m alternative investment vehicle in London as well as Private Equity and Venture Capital in Dallas prior to joining the No Borders Strategic Advisory Board.

Stefan holds a MSc in Economics and Finance from the University of Gothenburg and is a licensed financial professional as both an RIA and Broker/Dealer in the USA (Series 65, 66, 7 and life-insurance).

“Stefan’s extensive experience in Venture Capital, M&A, Private Equity and alternative investment finance serves to strengthen our global vertical impact strategies throughout our organization,” commented Joseph Snyder, CEO of the Company. “In addition to his impressive professional history I am personally grateful to call Stefan a friend. He is a man of kindness and honor whom I have had the incredible privilege to get to know over the last two years and I am so humbled to have his wisdom, energy and passion on our Strategic Advisory Board.”

Regarding the appointment to the Advisory Board, Mr. Lloyd said: “I’m proud to join the No Borders Strategic Advisory Board, which is full of terrific and capable people that could overcome any challenge. Joe Snyder’s unmatched innovative leadership is structuring an exciting strategy for in-vertical business disruption that includes medical equipment, blockchain technology, hemp CBD products and more. I look forward to contributing to No Borders’ growth and success.”

About No Borders Inc.

No Borders, Inc. (OTC:NBDR) is a multifaceted corporation specializing in the acquisition, creation and scaling of commercial and consumer products by utilizing cutting-edge technologies to reduce costs while increasing revenues and shareholder value through technological superiority across its portfolio of assets. The Company’s portfolio of brands includes: 

  •  No Borders Naturals Inc., a purveyor of health and wellness products for active consumers and their pets.
  •  No Borders Dental Resources Inc., a provider of equipment and supplies to medical and dental professionals across the U.S. through the trade name MediDent Supplies (www.MediDentSupplies.com).
  •   No Borders Labs Inc., which provides leading-edge tech tools to NBDR internal companies while also offering consulting, architecture and software development services to external businesses looking to update their technology infrastructure for greater efficiency, security and transparency (www.NoBordersLabs.com).
  •   www.CBDLabChain.com which is a powerful tool to demonstrate in an unbiased and unchangeable way a clear sense of security to consumers of CBD products by recording Certificate Of Authority (COA) on a blockchain technology platform. With a goal to provide consumers with peace of mind, No Borders Labs designed CBD LabChain to record THC, CBD and other lab test data variants with those results easily accessible via QR code linkage as well as a clear “Results Guaranteed With Blockchain” icon, which can be integrated directly into individual product labels.

No Borders is headquartered in Arizona with resources in the U.S., South America, Asia and Europe. For more information, visit the Company’s website at www.NBDR.co.

 (www.NoBordersNaturals.com);  ON BEHALF OF THE BOARD OF DIRECTORS,

Joseph Snyder

Chief Executive Officer and Director

18716 E. Old Beau Trail

Queen Creek, AZ 85142

(760) 582-5115

Contact: contact@nbdr.co

Source:  No Borders Inc. (NBDR)

OTC PINK: NBDR

This press release may include certain statements that are forward-looking in nature and that involve a number of uncertainties and risks. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements in this press release are based on No Borders, Inc., current expectations and projections regarding future events, which are based on currently available information. The forward-looking statements in this press release may also include statements relating to No Borders, Inc.’s anticipated new developments, business prospects, financial performance, strategies and similar matters. No Borders, Inc. disclaims any obligation to update any of its forward-looking statements, except as may be required by law.

Corporate Communications:

NetworkWire (NW)

New York, New York

www.NetworkNewsWire.com

212.418.1217 Office

Editor@NetworkWire.com

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