Overview

Facility Management Market Introduction

Facility management market is predicted to value over US $ 61.13 billion by 2027 end and observe a CAGR of 10.2% during the forecast period of 2020 to 2027.

Global Facility Management Market is the management which focuses on corresponding physical workplace with work and people of the organization surrounded by activities such as space planning, portfolio and maintenance of equipment. It includes skills such as environmental sustainability. human factors, leadership & strategy, communication, quality, project management and others.

Rapid technology changes and digitization of business created a big opportunity for the facility management market. Companies are facing economic pressure due to rising maintenance and increased investments which has led to a reduction in capital expenditure which boosted the growth of the market. Stringent government regulations on environment and regulatory compliance alongside the expansion of commercial and real estate infrastructure development fueled the growth of the market. A gradual increase in renewable energy sources in order to lessen the emission of greenhouse gases has led to more adoption of facilities management services. Cloud-based solutions permit fast data recovery and offer safety measures for hosting important data. This has led to increasing demand for cloud-based in the facilities management market which has boosted the growth of the market.

However, shortage and lack of skilled personnel to handle facility management software and hardware have objected to the growth of the market. Rising price competition has hindered the growth of the market.

North America holds a vast share of the market. Increased adoption of automation and robustly developing infrastructure in the Asia-Pacific region is anticipated to promote swift growth of the market in the coming years.

Key Market Players:
IBM (US), Oracle (US), SAP (Germany), MCS Solutions (Belgium), ARCHIBUS (US), Trimble (US), CA Technologies (US), Accruent (US), Planon (Netherlands), FM:Systems (US), iOFFICE (US), Maintenance Connection (US), JadeTrack (US), MetricStream (US), Facility Management eXpress (US), eMaint (US), Hippo CMMS (Canada), FSI (England), Indus Systems (US), Autodesk (US), Nemetschek (Germany), Archidata (Canada), OfficeSpace (US), FacilityONE Technologies (US) and Apleona (Germany)

facility management market

Market Segmentation

By Solution:

Integrated Workplace Management System (IWMS)
Operations & Security Management
Building Information Modeling (BIM)
Property Management
Environment Management

By Service:

Auditing & Quality Assessment
Deployment and Integration
Support and Maintenance
Consulting

By Deployment Type:

Cloud
On-premises

By Organization Size:

Large
Small and Medium Enterprises

By Vertical:

IT and Telecommunication
Manufacturing
Education
Banking, Financial Services, and Insurance
Retail
Healthcare
Energy and Utilities
Construction and Real Estate
Public sector
Others

By Region:

Europe
North America
APAC
Latin America
Rest of World

Competitive Landscape:

Tier 1 players- established companies in the market with a major market share
Tier 2 players
Emerging players which are growing rapidly
New Entrants

Future Wise Takeaways

Growth prospects
SWOT analysis
Key trends
Key data points affecting market growth

Objectives of the Study:

To provide with an exhaustive analysis on the global facility management market on the basis of the solution, service, deployment type, organization size, vertical, and region
To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
To evaluate and forecast micro-markets and the overall market
To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East.
To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
Profiling of companies to evaluate their market shares, strategies, financials and core competencies