Global Facility Management Market – Industry Trends and Forecast to 2030

Global Facility Management Market, By Offering (Solutions and Services), Deployment Type (On-Premises and Cloud), Organization Size (Large Enterprises and Small and Medium-Sized Enterprises), Vertical (BFSI, IT and Telecom, Government and Public Administration, Healthcare, Education, Energy and Utilities, Construction and Real Estate and Others) – Industry Trends and Forecast to 2030.

Facility Management Market Analysis and Size

The increase in demand for cloud-based facility management solutions across various industry verticals acts as one of the major factors driving the growth of the global facility management market. The surge in adoption of disruptive technologies, such as augmented reality, IoT, cognitive computing, and analytics, and drones and robots in the facility management area and the rise in focus of enterprises to comply with regulatory policies accelerate the market growth. The use of the management solution to develop sustainable buildings and optimize functions at the most efficient level by the facility management team and high utilization of the technology by facility managers for identifying poor and underutilized performing facilities, processes, resources, and assets and improving them, further influence the market.

Data Bridge Market Research analyses that the global postal automation system market was at USD 42.3 billion in 2022 and is further estimated to reach USD 189.7 billion by 2030, and is expected to grow at a CAGR of 10.30% during the forecast period of 2023 to 2030. The segment is anticipated to continue to witness significant growth over the forecast period. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Facility Management Market Scope and Segmentation

Market Definition

Facility management refers to the type of management that consists of multiple disciplines for ensuring the functionality of the built environment by incorporating people, place, process, and technology. The coordination of a facility’s operations is meant to make the organization efficient and effective in its work, provide a safe, productive, and well-maintained environment for the people who work, live, or interact within a facility.

Global Facility Management Market Dynamics

Drivers

• Increasing Demand for Cost-Efficiency

Facility management services are in high demand as organizations seek ways to optimize their operational costs. Outsourcing facility management can provide cost-effective solutions, as it allows businesses to focus on their core operations while benefiting from the expertise and resources of facility management companies. This demand for cost-efficiency is driving the growth of the global facility management market.

• Technological Advancements in the Industry

The facility management industry is experiencing significant technological advancements, including the use of IoT (internet of things) devices, artificial intelligence, and data analytics. These technologies enable real-time monitoring, predictive maintenance, and more efficient resource allocation, leading to improved operational efficiency and cost savings. Technological innovation is a key driver in the growth of the global facility management market.

Opportunity

• Sustainability and Green Initiatives

Growing awareness of environmental sustainability and the need to reduce carbon footprints is creating opportunities in the global facility management market. Organizations are looking for ways to make their facilities more energy-efficient and environmentally friendly. Facility management companies can provide expertise in sustainability practices, offering green solutions such as energy-efficient lighting, waste management, and renewable energy integration.

• Integrated Facility Management Solutions

The trend towards integrated facility management solutions is on the rise. Organizations are seeking comprehensive services that cover multiple aspects of facility management, including maintenance, security, cleaning, and space planning. Facility management companies that can offer integrated solutions have the opportunity to capture a larger market share and provide more value to their clients.

Restraint/Challenge

• Talent Shortage and Retaining Skilled Talent

The facility management industry faces a challenge in finding and retaining skilled talent. As the demand for facility management services grows, there is a shortage of qualified professionals in areas such as building maintenance, HVAC systems, and cybersecurity. This talent shortage can lead to delays in service delivery and may affect the quality of facility management services.

• Regulatory Compliance and Standards

Facility management companies must adhere to a wide range of regulations and standards, including health and safety codes, environmental regulations, and data security laws. Staying compliant with these regulations can be challenging and costly, especially when operating in multiple regions with varying requirements. Non-compliance can lead to legal issues and financial penalties, posing a significant challenge for the industry.

This global facility management market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global facility management market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

 Recent Developments

• In January 2023, Trimble acquired Ryvit, an integration Platform-as-a-Service provider that works with the construction industry. The Ryvit platform will be integrated into the Trimble Construction One platform
• In July 2022, JLL acquired Envio Systems. The Envio technology will create the fundamental framework for an innovative platform that offers intelligent and eco-friendly building solutions
• In December 2022, The Nemetschek Group announced that its subsidiary Spacewell has acquired DEXMA. DEXMA.

Global Facility Management Market Scope

The global facility management market is segmented on the basis of offering, deployment type, organization size and vertical. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.

Offering

• Solutions
• IWMS
• BIM
• Facility Operations and Security Management
• Lighting Control
• HVAC Control
• Video Surveillance and Access Control
• Emergency and Incident Management
• Facility Environment Management
• Sustainability Management
• Waste Management
• Facility Property Management
• Lease Accounting and Real Estate Management Asset Maintenance Management
• Workspace and Relocation Management
• Reservation Management
• Services
• Professional Services
• Deployment and Integration
• Consulting and Training
• Auditing and Quality Assessment
• Support and Maintenance
• SLA Management
• Managed Services

Deployment Type

• On-Premises
• Cloud

Organization Size

• Large Enterprises and Small
• Medium-Sized Enterprises

Vertical

• BFSI
• IT and Telecom
• Government and Public Administration
• Healthcare
• Education
• Energy and Utilities
• Construction and Real Estate
• Others

Global Facility Management Market Region Analysis/Insights

The global facility management market is analysed and market size, volume information is provided by country, offering, deployment type, organization size and vertical as referenced above.

The countries covered in the global facility management market report are the U.S., Canada and Mexico, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, and Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)

North America dominates the global facility management market due to the increase in ICT spending and the presence of a large number of enterprises within the region.

Asia-Pacific is expected to witness significant growth in the global facility management market during the forecast period of 2023 to 2030 due to the increase in the penetration of the internet and the development of the construction industry.

The country section of the accelerator card market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Global Facility Management Market Share Analysis

The global facility management market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to global facility management market.

Some of the major players covered in the global facility management market report are:

• Sodexo (France)
• CBRE Group Inc. (U.S.)
• ISS A/S (Denmark)
• Compass Group Plc (U.K.),
• Aramark Corporation (U.S.)
• Jones Lang Lasalle IP Inc.  (U.S.)
• Cushman and Wakefield (U.S.)
• Tenon Group (India)
• Johnson Controls (Ireland)
• Dussman Group (Germany)
• IBM (U.S.)
• ORACLE (Oracle Corporation) (U.S.)
• Trimble Inc. (U.S.)
• Accruent (U.S.)
• MRI SOFTWARE LLC (U.S.)
• Planon (Netherlands)
• Servicechannel  (U.S.)
• Service Works Global (U.K.)
• Causeway Technologies (U.K.)
• Spacewell International (Belgium)