The global hard facility management (HFM) market has seen significant growth, driven by the increasing demand for efficient management of physical assets across various industries such as healthcare, government, education, and commercial real estate. This sector is essential for maintaining critical infrastructure, including mechanical, electrical, plumbing (MEP) services, HVAC systems, and enterprise asset management. Recent advancements in digital platforms are transforming HFM services. Companies are adopting technologies such as predictive maintenance and real-time monitoring to improve operational efficiency. For instance, in 2023, Johnson Controls introduced a service that integrates building safety and security through connected devices, showcasing the shift towards smarter, digitally enhanced facility management. In addition, the expansion of sectors such as hospitality and manufacturing is propelling the demand for these services, especially in regions such as Asia-Pacific, which currently leads in market share. Looking forward, the HFM market is expected to continue evolving, with innovations in automation and smart technologies playing a key role in optimizing facility operations, enhancing safety, and reducing costs.
