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 services market is expected to witness market growth at a rate of 12.5% in the forecast period of 2021 to 2028. Data Bridge Market Research report on facility management services market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth.
The International Facility Management Association (IFMA) is referred to facility management as the practice of coordinating physical workplace with the people and work of the organization which includes several activities such as equipment maintenance, space planning, and portfolio forecasting.
Major factors that are expected to boost the growth of the facility management services market in the forecast period are the increase in the demand for cloud-based facility management solutions, the growing demand for facility management solutions combined with intelligent software. Furthermore, the increase in the attention of enterprises to observe with governing guidelines, the rise in the acceptance of LoT and AI in the facility management solutions and the increase preference to utilize advanced technologies to maintain sustainability at workplaces are further anticipated to propel the growth of the facility management services market.
On the other hand, the absence of managerial consciousness and standardization is further estimated to further impede the growth of the facility management services market in the timeline period. In addition, the increase in the trend of outsourcing facility management operations and the rise in the attention on the integrating BIM with facility management solutions will further provide the opportunities for the facility management services market in the coming years. However, the incorporation of facility management with the legacy ERP systems and the shortage of trained or expert workforce might further challenge the growth of the facility management services market in the near future.
This facility management services market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised 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 facility management services 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 Services Market Scope and Market Size
The facility management services market is segmented on the basis of offering, deployment type, organization size and vertical. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your 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. Services is further sub segmented into professional services and managed services. Professional services is further sub segmented into deployment and integration, consulting and training, auditing and quality assessment, support and maintenance and service-level agreement management. Deployment and integration is further sub segmented into system integration and implementation.
- On the basis of deployment type, facility management market is segmented into on-premises and cloud.
- On the basis of organization size, facility management market is segmented into large enterprise and small and medium-sized enterprises.
- On the basis of vertical, 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.
Facility Management Services Market Country Level Analysis
The facility management services 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 facility management services 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 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 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 Services Market Share Analysis
The facility management services 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 services market.
The major players covered in the facility management services market report are Cushman and Wakefield, Tenon Group, Johnson Controls, Dussman Group, IBM, ORACLE, Trimble Inc., Accruent, MRI SOFTWARE LLC, Planon, Servicechannel, Service Works Global, Causeway Technologies, 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 separatel
Customization Available : Global Facility Management Services Market
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