Global Facility Management Market
Global Facility Management Market Size, By Offering (Solutions, Services), By Deployment Mode (On-premises, Cloud), By End User (IT And Telecom, Healthcare, Education, Retail, Energy And Utilities, Manufacturing, Construction And Real Estate), By Geographic Scope And Forecast
The increasing focus of national governments on investing in infrastructure development, particularly in the construction of railways, ports, airports, and other such infrastructure is driving the growth of the Facility Management Market. The Global Facility Management Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
The increase in demand for cloud-based facility management solutions across various industry verticals acts as one of the major factors driving the growth of the facility management 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 area and the rise in focus of enterprises to comply with regulatory policies accelerate the market growth. The use of the management solution to develop sustainable buildings and optimize functions at the most efficient level by the facility management team and high utilization of the technology by facility managers for identifying poor and underutilized performing facilities, processes, resources, and assets and improving them, further influence the market. Additionally, an increase in demand for facility management solutions integrated with intelligent software, regulatory policies, inclination to use advanced technologies to maintain sustainability at workplaces, and adoption of IoT and AI in facility management solutions positively affect the facility management market. Furthermore, the integration of BIM with facility management solutions and the growing popularity of outsourcing facility management operations Vertical extend profitable opportunities to the market players in the forecast period.
Facility Management Market Scope and Market Size
The facility management market is segmented on the basis of offering, deployment type, organization size and vertical. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify 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. Solutions are further segmented into IWMS, BIM, facility operations and security management, facility environment management, and facility property management. Facility operations and security management is further sub-segmented into lighting control, HVAC Control, video surveillance and access control and emergency and incident management. Facility environment management is further sub-segmented into sustainability management and waste management. Facility property management is further sub-segmented into lease accounting and real estate management asset maintenance management, workspace and relocation management and reservation management. Services are further segmented into professional services and managed services. Professional services are further sub-segmented into deployment and integration, consulting and training, auditing and quality assessment, support and maintenance and SLA management.
1. On the basis of deployment type, the facility management market is segmented into on-premises and cloud.
2. On the basis of organization size, the facility management market is segmented into large enterprise and small and medium-sized enterprises.
3. On the basis of vertical, the 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.
Global Facility Management Market Country Level Analysis
The facility management market is analyzed and market size, volume information is provided by country, offering, deployment type, organization size and vertical as referenced above.
The countries covered in the global facility management 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 market due to the increase in ICT spending and the presence of a large number of enterprises within the region. Asia-Pacific is expected to witness significant growth during the forecast period, because of the increase in the penetration of the internet and the development of the construction industry.
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 Market Share Analysis
The facility management 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 market.
The major players covered in the facility management market report are Sodexo, CBRE Group Inc. ISS A/S, Compass Group Plc, Aramark Corporation, Jones Lang Lasalle IP Inc., Cushman and Wakefield, Tenon Group, Johnson Controls, Dussman Group, IBM, ORACLE, Trimble Inc., Accruent, MRI SOFTWARE LLC, Planon, Servicechannel, Service Works Global, Causeway Technologies, and 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. KIngs Research's analysts understand competitive strengths and provide competitive analysis for each competitor separately.