According to a comprehensive research report by Market Research Future (MRFR), “Facility Management Market information by End-User, by Service, by Deployment and Region – forecast to 2027” market size to grow at a compound annual growth rate of 7%. This report covers an in depth study of industry and provides details about Facility Management Services Market share, size, growth, and share, trends, segments, demand, drivers & forecast.
Market Scope:
The facility management market is growing rapidly. The market is witnessing increasing demand even amid the recent COVID 19 crises. With organizational safety taking center stage, organizations are investing more than ever in maintaining the health & well-being of their employees. Spurring rise in numbers of enterprises and growth in the IT sector bolsters the market growth.
Facility management software solutions are being implemented across small and medium-sized enterprises to manage their business operations better while enhancing collaboration, productivity and simplifying related work requirements. Moreover, the rising demand for solutions and increasing investments escalates the facility management software market growth.
Besides, large technological advances and the early adoption of advanced technology drive the growth of the market. Moreover, the growing adoption of facility management software in enterprises and government and public sectors boosts the market growth.
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Dominant Key Players on Facility Management market covered are:
- IBM Corporation (US)
- Trimble Inc. (US)
- Accruent LLC (US)
- FM System Inc. (US)
- EMCOR Group Inc. (US)
- Oracle Corporation (US)
- SAP SE (Germany)
- Aramark Corporation (US)
- CA Technologies Inc. (US)
- Interserve Plc. (UK)
Rising Uptake of Facility Management Solutions Pushes Market Value
Facility management solutions help organizations to maintain the upkeep of premises, integrating all complex and demanding management activities. Over the past few years, the increasing uptake of facility management solutions in healthcare, education & academics, community centers, municipality centers, and sports training centers influences the market growth.
Besides, technological advances in facility management software as a service and platform escalate market growth. The increasing numbers of service and solution providers impact the FM solution market growth positively. Rising pressure to enhance efficiency and productivity boosts the growth of the market, fostering the implementation of facility management solutions.
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Lack of Awareness Hamper Market Growth
Despite significant growth prospects, the facility management market still witnesses major setbacks, such as the lack of awareness for the advantages of FM software solutions. Nevertheless, the implementation of facility management solutions and services in various commercial sectors such as academic institutions and sports training centers would support the growth of the market.
Facility Management Services Market Segmentation
By services, the market is segmented into project management, inventory management, maintenance management, operations management, and others.
On the basis of deployment, the market is segmented into cloud deployment and on-premise deployment.
On the basis of organization size, the market is segmented into SME and large enterprise.
On the basis of industry vertical, the market is segmented into BFSI, retail, IT telecom, healthcare, government, energy and utilities, and others.
On the basis of region, the market is segmented into North America, Europe, Asia Pacific, and the rest of the world.
Detailed Regional Analysis
The regional investigation of the facility management services market includes regions such as Europe, North America, Asia Pacific, and the rest of the world, such as Africa, the Middle East, and South America. The United States is the foremost provider to the facility management market in the North American region. The upsurge in implementation of software in government, enterprises, and public sectors is among the factors considerably boosting the development of the facility management market in North America. The technological advancements in the region and early use of the technology the North American regional market is controlling the global market. As the APAC region perceives remarkable changes especially in infrastructure and manufacturing sectors it is expected to grow at a speedy pace in the forecast period. The significant demand in the Asia Pacific region is due to upsurge in demand for automation in manufacturing production facilities thus boosting the global market.
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Reasons for Buying This Report:
- It Provides A Forward-Looking Perspective on Different Factors Driving or Restraining Market Growth.
- It Provides Five-Year Forecast Assessed based on How the Market Is Predicted to Grow.
- It Helps in Understanding the Key Product Segments and Their Future.
- It Provides Pinpoint Analysis of Changing Competition Dynamics and Keeps You Ahead of Competitors.
- It Helps in Making Informed Business Decisions by Having Complete Insights of Market and By Making an In-Depth Analysis of Market Segments.
TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
Continued...
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September 19, 2018: About facility management services MarketFacility management services are outsourced to a third-party service provider to maintain a facility.
These services consist of housekeeping, cleaning, security, catering, electrical management, and water management.
Covered in this report The report covers the present scenario and the growth prospects of the facility management services market in India.
To calculate the market size, the report considers the revenue generated from services offered such as soft services and hard services.The market is divided into the following segments based on geography: • Mumbai and Pune • Bangalore • Delhi and NCR • Chennai • HyderabadRequest a Free Sample Copy of Facility Management Services Market Report @ https://www.radiantinsights.com/research/facility-management-services-market-in-india-2018-2022/request-sampleFacility Management Services Market in India 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts.
The report covers the market landscape and its growth prospects over the coming years.
The report also includes a discussion of the key vendors operating in this market.
