Global Facility Management Services 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 Services Market Analysis and Size
The increase in demand for cloud-based facility management services solutions across various industry verticals acts as one of the major factors driving the growth of the global facility management services 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 services area and the rise in focus of enterprises to comply with regulatory policies accelerate the market growth.
The global facility management services market was valued at USD 40.62 billion in 2022 and is expected to reach USD 104.22 billion by 2030, registering a CAGR of 12.6% during the forecast period 2023-2030. “Large Enterprises” accounts for the largest organization size in the market as large industries often have extensive facilities with multiple buildings, departments, and complex infrastructure. In such cases, facility management services solutions are crucial for streamlining operations, managing maintenance and repairs, optimizing space utilization, tracking assets, ensuring regulatory compliance, and improving overall efficiency. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Facility Management Services Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD billion, Volumes in Units, Pricing in USD
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Segments Covered
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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)
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Countries Covered
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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
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Market Players Covered
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Cushman and Wakefield (U.S.), Tenon Group (India), Johnson Controls (Ireland), Dussman Group (Germany), IBM (U.S.), Oracle (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)
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Market Opportunities
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Market Definition
Facility management services refer to the professional management and operation of facilities within an organization or building. It involves the coordination and maintenance of various aspects of a facility, including its physical infrastructure, equipment, systems, and services, to ensure its effective and efficient functioning.
Global Facility Management Services Market Dynamics
Drivers
- Growing Importances on Sustainability and Energy Efficiency
There is a growing emphasis on sustainability and energy efficiency in facility management services. Organizations are adopting eco-friendly practices, green building certifications, and energy management systems to reduce their environmental footprint and achieve cost savings.
- Advent of Integrated Facility Management Services
The trend towards integrated facility management services is gaining momentum. Service providers are offering end-to-end solutions that encompass various services such as maintenance, cleaning, security, catering, and space management. Integrated FM helps streamline operations, improve service quality, and reduce costs for clients.
- Focus on Outsourcing of Facility Management Services Services
More organizations are outsourcing their facility management services functions to external service providers. This allows them to focus on their core business activities while benefiting from the expertise and specialized services offered by FM providers.
Opportunity
- Inclination to Use Advanced Technologies
Emerging technologies such as Internet of Things (IoT), artificial intelligence (AI), and data analytics are transforming the FM industry. These technologies enable real-time monitoring, predictive maintenance, energy optimization, and enhanced occupant experience.
Restraint/Challenge
- Lack of Awareness and Standardization
Lack of managerial awareness and standardization and issues with integration of facility management services with legacy ERP systems are expected to obstruct the market growth. Lack of skilled or expert workforce is projected to challenge the global facility management services market.
Recent Development
- In May 2023, SAP and Planon entered into a partnershi for providing facilities management services to its customers. This partnership primarily focused on development of facilities management software for its client combining both companies capabilities
Global Facility Management Services Market Scope
The global facility management services market is segmented on the basis of offering, deployment type, organization size and vertical. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Offering
- Solutions
- Services
Deployment Type
- On-Premises
- Cloud
Organization Size
- Large Enterprises
- Small and 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 Services Market Regional Analysis/Insights
The global facility management services market is analysed and market size insights and trends are provided by country, offering, deployment type, organization size and vertical as referenced above.
The countries covered in the global facility management services market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, 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 the Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the facility management services market due to the well settled. Furthermore, the balanced economies which focus on more investments in the research and development activities for the expansion of new technologies will boost the growth of the facility management services market of the region during the forecast period.
North America is projected to observe significant amount of growth in the facility management services market due to increase in the acceptance of new technologies, like LoT, AI. Moreover, the acceptance of robots is further anticipated to propel the growth of the facility management services market of the region in the coming years.
The country section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream 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 Europe brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Facility Management Services Market Share Analysis
The global facility management services market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Europe presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the global facility management services market.
Some of the major players operating in the global facility management services market are:
- Cushman and Wakefield (U.S.)
- Tenon Group (India)
- Johnson Controls (Ireland)
- Dussman Group (Germany)
- IBM (U.S.)
- Oracle (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)
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