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Global Facility Management Market Is Projected To Grow USD 67.89 Billion By 2026

24-Jun-2021 | Facts and Factors

The most recent report, named “Global Facility Management Market”, contains the most recent market knowledge in a precise and complete way. Facts & Factors anticipates that the global Facility Management Market will be worth USD 67.89 billion in 2026, up from USD 39.7 billion in 2020, with a CAGR of 11.6% during the forecast period 2021-2026.

Facility management services are a combination of integration services and people within an organization for smooth functioning in its most highly efficient form. Facility management services range from maintenance, space planning, and portfolio forecasting to emergency preparedness, business continuity, environmental sustainability, human error accountability, communication, and project management activities to name a few. The driving forces for the intermediate growth of the global facility management market are the advent of the COVID-19 forcing people to work from home and rising government investments in the sectors of real-estate, energy, and telecom & IT.

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The adaptability of service providers to bundle their services within a redefined space will further increase the value of the latter during lockdown conditions. The rising trend of government bodies across the world diversifying their tourism and non-economic sectors will further increase the market space captured by the global facility market during the forecast. Moreover, the practice of linking various infrastructures of international countries at borders will propel the growth of the global facility management sector across the forecast.

Top Market Players

The key participants in the global facility management market are IBM, Oracle, SAP, Trimble, Accruent, MRI Software, Planon, ServiceChannel, Service Works Global, FMZ, Causeway Technologies, FM Systems, Spacewell, iOFFICE, FSI, ARCHIBUS, Archidata, JadeTrack, UpKeep Maintenance, Apleona, FacilityONE Technologies, Office Space Software, and Facilio, among others.

Market Dynamics

The following developments are expected to change the dynamics of the facility management market during the forecast:

  • Sodexo recently announced a partnership with Bureau Veritas a hygiene label for Sodexo services that provides a higher standard of quality assurance to its consumers. This partnership is expected to cover on-site facilities across the U.K, France, the USA, and Canada.
  • ISS recently entered into a five-year partnership with Nordics with a major share in order to enter the region and begin occupying a larger consumer base.

On the basis of offering, the global facility management market can be divided into solutions and services. The solution segment can be divided into IWMS, BIM, facility operation and security management, facility environment management, and facility property management and the service segment can be further disintegrated into professional services and managed services. The solution segment is expected to witness the largest market share during the advent of the forecast owing to the increasing demand for traditional services.

On the basis of industry verticals, the global facility management can be fragmented into BSFI, IT & telecom, government and public administration, healthcare, education, retail, energy & utilities, manufacturing, construction, and others. The BSFI segment is expected to occupy the largest market share during the forecast. Reasons contributing to the dominant position during the forecast can be attributed to increasing demands for a range of services such as maintenance and management of real estate investments.

North America Is Expected To Witness The Largest Market Share During The Forecast Period

North America is expected to witness the largest market share during the advent of the forecast in terms of global revenue contribution. The factors contributing to the dominant position of the market in the region are early adoption of technology coupled with a developed economy. Additional factors that are responsible for the increasing footprint of the facility management market in the region are increasing investment in AI, ML, and cloud computing coupled with increasing number of key players and vendors supplying services at a higher volume.

Browse in the full report “Facility Management Market By Service Type (Solutions & Services), By Deployment Mode (On-Premises & Cloud-Based), By Organization Size (Small and Medium-sized Enterprises (SMEs) and Large Enterprises), By Industry Verticals (BSFI, IT & Telecom, Government & Public Administration, Healthcare, Education, Retail, Energy & Utilities, Manufacturing, Construction, & Others), And By Regions - Global & Regional Industry Perspective, Comprehensive Analysis, and Forecasts, 2021 – 2026” at https://www.fnfresearch.com/facility-management-market

The global facility management market can be segmented into:

Global Facility Management Market:  By Offering Segment Analysis

  • Solutions
    • IWMS
    • BIM
    • Facility Operation & Security Management
      • Lighting
      • HVAC
      • Video Surveillance
      • Access Control
    • Facility Environment Management
      • Sustainability Management
      • Waste Management
    • Facility Property Management
      • Lease Accounting and Real Estate Management
      • Workspace and Relocation Management
  • Services
    • Professional Services
      • Deployment & Integration
      • Consulting & Training
      • Auditing & Quality Assessment
      • Support & Maintenance
    • Managed Services

Global Facility Management Market: By Deployment Mode Segment Analysis

  • On-Premises
  • Cloud Based

Global Facility Management Market: By Organization Size Segment Analysis

  • Small and Medium-Sized Enterprises (SMEs)
  • Large Enterprises

Global Facility Management Market: By Industry Verticals Segment Analysis

  • BSFI
  • IT & Telecom
  • Government & Public Administration
  • Healthcare
  • Education
  • Retail
  • Energy & Utilities
  • Manufacturing
  • Construction
  • Others

Global Facility Management Market: By Regional Segment Analysis

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • France
    • Germany
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC Countries
    • South Africa
    • Rest of MEA

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