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), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
The facility management market is expected to witness market growth at a rate of 10.30% in the forecast period of 2021 to 2028. Data Bridge Market Research report on facility management market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on its growth. Rapid digitization across various industries is escalating the growth of the facility management market.
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.
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 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. Additionally, an increase in demand for facility management solutions integrated with intelligent software, regulatory policies, inclination to use advanced technologies to maintain sustainability at workplaces, and adoption of IoT and AI in facility management solutions positively affect the facility management market. Furthermore, the integration of BIM with facility management solutions and the growing popularity of outsourcing facility management operations Vertical extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, lack of managerial awareness and standardization and issues with integration of facility management with legacy ERP systems are expected to obstruct the market growth. Lack of skilled or expert workforce is projected to challenge the facility management market in the forecast period of 2021-2028.
This 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 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.
Facility Management Market Scope and Market Size
The 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.
- On the basis of offering, the facility management market is segmented into solutions and services. Solutions are further segmented into IWMS, BIM, facility operations and security management, facility environment management, and facility property management. Facility operations and security management is further sub-segmented into lighting control, HVAC Control, video surveillance and access control and emergency and incident management. Facility environment management is further sub-segmented into sustainability management and waste management. Facility property management is further sub-segmented into lease accounting and real estate management asset maintenance management, workspace and relocation management and reservation management. Services are further segmented into professional services and managed services. Professional services are further sub-segmented into deployment and integration, consulting and training, auditing and quality assessment, support and maintenance and SLA management.
- On the basis of deployment type, the facility management market is segmented into on-premises and cloud.
- On the basis of organization size, the facility management market is segmented into large enterprise and small and medium-sized enterprises.
- On the basis of vertical, the facility management market is segmented into BFSI, IT and telecom, government and public administration, healthcare, education, energy and utilities, construction and real estate and others.
Global Facility Management Market Country Level Analysis
The facility management market is analyzed 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 in North America, 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, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the 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 during the forecast period of 2021 to 2028 because of the increase in the penetration of the internet and the development of the construction industry.
The country section of the 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 Facility Management Market Share Analysis
The 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 facility management market.
The major players covered in the facility management market report are Sodexo, CBRE Group Inc. ISS A/S, Compass Group Plc, Aramark Corporation, Jones Lang Lasalle IP Inc., Cushman and Wakefield, Tenon Group, Johnson Controls, Dussman Group, IBM, ORACLE, Trimble Inc., Accruent, MRI SOFTWARE LLC, Planon, Servicechannel, Service Works Global, Causeway Technologies, and Spacewell International among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Facility Management Market
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