Global Facility Management Market Overview:
IMARC Group’s latest research report, titled “Facility Management Market Growth: Global Industry Trends, Share, Size, Opportunity and Forecast 2022-2027,” offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
The global facility management market size reached a value of US$ 55.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 116.5 Billion by 2027, exhibiting at a CAGR of 13.36% during 2022-2027. Facility management refers to services that help in maintaining the functionality, safety, comfort, and efficiency of the work environment by integrating people, locations, processes, services, and technologies. It includes various competencies such as business continuity, environmental sustainability, human factors, communication, project management, quality, real estate and property management, leadership and strategy, and others. These services are widely used across various industries, such as banking, financial services and insurance (BFSI), IT and telecom, healthcare, manufacturing, retail, real estate, and others.
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Important Attribute and highlights of the Report:
- Detailed analysis of the global market share
- Market Segmentation by solution, service, deployment type, organization size and vertical.
- Historical, current, and projected size of the market in terms of volume and value
- Latest industry trends and developments
- Competitive Landscape for Facility Management Market
- Strategies of major players and product offerings
Facility Management Market Trends:
The global market is majorly driven by the increase in the adoption of cloud-based solutions. This, along with the change in organization structure and work management, is significantly contributing to the market growth. Furthermore, the growing demand for integrated facility management is catalyzing the market growth. Moreover, the increased demand for modernization of offices and streamlining services are propelling the market growth. Besides this, the increasing demand from the real estate sector in managing services like security, housekeeping, electrical, cleaning, mechanical, and civil engineering services is providing a boost to the market growth. Additionally, the growing demand for facility management solutions integrated with intelligent software is creating a positive outlook for the market.
Top Facility Management Companies:
- CA Technologies
- Maintenance Connection
- MCS Solutions
- Facilities Management Express etc.
COVID-19 Impact Overview:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Key Market Segmentation:
Market Breakup by Solution:
- Integrated Workplace Management System
- Facility Operations and Security Management
- Building Information Modeling
- Facility Property Management
- Facility Environment Management
Based on solution type, the market has been segmented into facility property management, building information modeling, integrated workplace management system, facility operations and security management, and others.
Market Breakup by Service:
- Deployment and Integration
- Auditing and Quality Assessment
- Support and Maintenance
- Service Level Agreement Management
On the basis of the type, the market has been classified into deployment and integration, consulting and training, support and maintenance, auditing and quality assessment and others.
Market Breakup by Deployment Type:
The market has been categorized based on the deployment type into on-premises and cloud.
Market Breakup by Organization Size:
- Small and Medium Size Enterprises
- Large Enterprises
On the basis of the organization size, the market has been bifurcated into larger, and small and medium size enterprises.
Market Breakup by Vertical:
- Banking, Financial Services, and Insurance
- IT and Telecom
- Government and Public Administration
- Energy and Utilities
Based on the vertical, the market has been segregated into banking, financial services, and insurance, IT and telecom, real estate, government and public sector, healthcare, education, retail, and others.
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
TOC for the Facility Management Market Research Report:
- Scope and Methodology
- Executive Summary
- Global Facility Management Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
Who we are:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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