The global demand for Facilities Management (FM) Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028.
Facility management can be defined as service providers maintaining an entire or a part of a building professionally. It includes various disciplines to ensure functionality, comfort, safety, and efficiency of the built environment. This is managed by integrating people, place, process, and technology. Facility management is responsible for making sure the systems of the built environment or facility work harmoniously. They look after all the stuff that keeps an organization or a building running. They work in all sorts of settings, from offices, hospitals, and hotels to sports areas, care homes, logistics centers, and educational establishments, including primary schools, universities, and specialist research laboratories.
Market Dynamics
The global facility management market is projected to grow at a healthy rate during the forecast period. Facility management is gaining robust popularity owing to rapid industrial development and expanding commercial and residential places. Increasing awareness about the advantages of outsourcing non-core business activities is another factor boosting the market's growth. The facility management market is embracing some shift towards automation and technology. Market players are adopting IoT and connected devices for building automation across industry verticals. Stringent environmental and regulatory compliance is spurring demand for integrated facility management. However, lack of awareness is restraining the growth of the market.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of facilities management (fm) .
Market Segmentation
The entire facilities management (fm) market is segmented and each segment is analyzed exclusively. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Type
By Service
- Hard Service
- Soft Service
By Management Service
- Contract Management
- Energy & Utilities
- Maintenance Planning and Control
By Application
- Education
- Commercial
- Transportation
- Industrial
- Government & Public Sector
- Healthcare
- Others
Regional Analysis
This 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. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Facilities Management (FM) Market Share by Region (Representative Graph)
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.
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