CSE:SHFT - Post Discussion
Post by
Betteryear2 on Mar 03, 2022 7:02am
TraceSafe Announces Major Strategic Initiatives
Builds momentum towards fast-growing opportunity in net-zero and carbon accounting with products powered by sensor tech and advanced analytics
Vancouver, British Columbia--(Newsfile Corp. - March 3, 2022) - Tracesafe Inc. (CSE: TSF) ("TraceSafe" or the "Company"), a global leader in location-aware Internet of Things (IoT) platforms for large-scale industrial and enterprise operations, has announced strategic business initiatives and expanded investment in energy management and decarbonization solutions to accelerate growth. According to a recent report, the global energy management market size was USD 19.96 billion in 2019 and is projected to reach USD 41.97 billion by 2027, exhibiting a CAGR of 9.9% during this period. Industrial Energy Management Solutions will grow disproportionately owing to two key factors- an increased regulatory focus on carbon footprint, and inflating energy prices that are driving high operational costs. A deeper dive into the segment reveals that the solutions offering monitoring and control hold the larger share of the opportunity, led by advanced technologies such IoT, Artificial Intelligence and data analytics.
TraceSafe Announces Major Strategic Initiatives in Energy Management and Decarbonization-as-a-Service
Be the first to comment on this post