Facilities Industry Size, Share, Trends, Current and Future Analysis

MarketsandMarkets™

Facilities Industry Size, Share, Trends, Current and Future Analysis

According to a research report "Facilities Industry by Offering (Solutions (IWMS, BIM, Facility Operations & Security Management) and Services), Vertical (BFSI, Retail, Construction & Real Estate, Healthcare & Life sciences) and Region - Global Forecast to 2028" published by MarketsandMarkets, the facility management market is estimated at USD 49.6 billion in 2023 to USD 94.8 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 13.8%. Organizations across various industries are increasingly adopting facility management solutions as they play pivotal role in optimizing operations, streamlining processes, and ultimately reducing costs. By implementing strategic facility management practices, businesses are achieving a range of operational benefits which is boosting the market.

By Vertical, BFSI segment is estimated to account for the largest market share in 2023.

The adoption of facility management practices within the Banking, Financial Services, and Insurance (BFSI) vertical has gained traction over time, driven by its potential to bolster operational effectiveness and customer satisfaction. This encompasses a diverse range of physical assets, including bank branches, corporate offices, data centers, ATMs, and call centers. Facility management in the BFSI sector entails the strategic upkeep and management of these facilities to ensure smooth operations and positive interactions with customers.

By solution, facility environment management is expected to register the fastest growth rate during the forecast period.

Facility environment management systems consist of different kinds of software solutions that simplify and optimize the sustainability of facilities. Facility environment management solutions are further categorized into sustainability management solutions and waste management solutions. These solutions help facility management teams identify significant environmental effects, such as carbon footprint and waste generation, related to their business.

Asia Pacific is expected to have the highest growth rate

Facility management solution adoption in the Asia Pacific region has been on the rise due to the region's rapid economic growth, urbanization, and increasing emphasis on efficiency and sustainability. Organizations across various industries in Asia Pacific have recognized the benefits of adopting facility management solutions to enhance operational effectiveness, reduce costs, and provide better experiences for employees and customers.

Market Players

The major vendors covered in the facility management market include IBM Corporation (US), Oracle Corporation (US), SAP SE (Germany), CBRE Group, Inc. (US), Jones Lang LaSalle Inc (US), Trimble Inc. (US), Nemetschek SE (Germany), Fortive (US), Infor Inc. (US), MRI Software LLC (US), Eptura (US), Planon (Netherlands), Johnson Controls International (Ireland), Apleona GmbH (Germany), Cushman & Wakefield plc (US), Causeway Technologies Limited (UK), Service Works Global Limited (UK), Facilities Management eXpress LLC. (US), Archidata International Inc (Canada), UpKeep Technologies, Inc. (US), FacilityOne Technologies (US), OfficeSpace Software, Inc. (US), Facilio.Inc (US), efacility (Switzerland), InnoMaint (India), Nuvolo (US), QuickFMS (India), and zLink (US).

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Facilities Management Market Size, Key Players Analysis And Forecast To 2028 | Value Market Research

Champa Verma 2022-02-23

The new research report titled "Facilities Management market, Global Industry Analysis, and Forecast to 2028" gives a detailed analysis and future forecasts of the market. The major players in the facilities management (fm) market include Archibus, Jadetrack, Trimble, Accruent, CA Technologies, SAP SE, Oracle Corporation, Ioffice, Planon, Maintenance Connection, MCD SolutionsS. Get more information on "Global Facilities Management (FM) Market Research Report" by requesting FREE Sample Copy at https://www. By Type· Outsourced· In-houseBy Service· Hard Service· Soft ServiceBy Management Service · Contract Management· Energy & Utilities· Maintenance Planning and ControlBy Application · Education· Commercial· Transportation· Industrial· Government & Public Sector· Healthcare· OthersRegional AnalysisThis section covers regional segmentation which accentuates on current and future demand for facilities management (fm) market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Purchase Complete Global Facilities Management (FM) Market Research Report at https://www.

Facilities Management Industry Size, Share, Growth, Trends and Forecast - 2028

marketsandmarkets 2023-12-19

Organizations across various industries are increasingly adopting facility management solutions as they play pivotal role in optimizing operations, streamlining processes, and ultimately reducing costs. By implementing strategic facility management practices, businesses are achieving a range of operational benefits which is boosting the market. These solutions help facility management teams identify significant environmental effects, such as carbon footprint and waste generation, related to their business. Organizations across various industries in Asia Pacific have recognized the benefits of adopting facility management solutions to enhance operational effectiveness, reduce costs, and provide better experiences for employees and customers. About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

Facilities Management Market | Global Industry Trends, Segmentation, Business Opportunities & Forecast To 2027

Himani Rao 2021-10-05

The Facilities Management Market 2021 research report gives emerging industry data, global segments and regional outlook.

The report generated using various analysis tools like porter’s five forces model, market attractiveness and value chain.

The report gives comprehensive review of the global market helping to club revenue generation and profitable business to transform client’s success.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.

The major players in the facilities management (fm) market include Archibus, Jadetrack, Trimble, Accruent, CA Technologies, SAP SE, Oracle Corporation, Ioffice, Planon, Maintenance Connection, MCD SolutionsS.

This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Facilities Management (FM) Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/facilities-management-fm-market/download-sampleMarket DynamicsThe global facility management market is projected to grow at a healthy rate during the forecast period.

Increasing awareness about the advantages of outsourcing non-core business activities is another factor boosting the market's growth.

Advantage of Using Facilities Management Companies

fmservice 2023-02-21

Indeed, the success of a company depends largely on how the various facilities are managed, and this is why many businesses are now using facility management companies. Here again, facility management companies are able to ensure that all the different facilities are collaborating with each other, within the allotted budget at the same time. In fact, dealing with clients is often left entirely to the benefit management agencies. ➋ Facility management involves effective and efficient management to compare between different branches of a business. While medical professionals are known to take advantage of benefit management companies to avoid hiring IT specialists, such companies can certainly benefit a wide range of other businesses.

Healthcare Facilities Management Market Future Business Opportunities 2023-2030

Saya Bonde 2023-06-27

(110+ Pages) The Latest Healthcare Facilities Management Market (2023-2030) Research Report predicts significant growth in the worldwide market. Also, the report includes comprehensive analysis on market conditions, growth factors, and competition in the Healthcare Facilities Management Market. To analyse the Healthcare Facilities Management with respect to individual growth trends, future prospects, and their contribution to the total market. ➜ Examination of the regulatory and policy changes affecting the Healthcare Facilities Management market and the implications of these changes for market participants. comFollow Us: LinkedIn | Twitter

The Global Healthcare Facilities Management Market Growth Accelerated By Digital Transformation

Ashish Thapa 2023-12-20

Increased focus on healthcare infrastructure, rise in aging population, and growing awareness about environmental hygiene are augmenting the demand for healthcare facilities management services. The global Healthcare Facilities Management Market is estimated to be valued at US$ 398,396. Technological innovations are expected to remain a key driver for revenue growth of the healthcare facilities management market over the coming years. Segment Analysis The global healthcare facilities management market is dominated by the hard services sub-segment which accounts for around 60% of the market share. Regional analysis: The North American region currently dominates the global healthcare facilities management market with a share of over 35% due to early adopter of healthcare facilities management services in this region.

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