Facility Management Market - Industry Size, Share, Growth & Forecast 2027 | UnivDatos

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The global facility management market is likely to showcase a growth of around 11% during the forecast period.

Facility management is a specialized management area focused on the efficient and effective provision of real estate-related logistics and other support services. It covers multiple areas to ensure the functionality, comfort, safety, and efficiency of the built environment through the integration of people, places, processes, and technologies. The facility management market has been growing at propelling rate over the years and is expected to witness influential growth during the forecasted period as well. Factors such as the increasing adoption of cloud-based solutions, the necessity to comply with environmental and regulatory norms, and the upsurge in infrastructural investment are positively accentuating its market size. Moreover, growing investments in the construction sector coupled with the supportive government initiatives for the development of smart cities and business hubs are also driving the facility management market demand.

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According to UnivDatos Market Insights (UMI)’ research report “Facility Management Market”, the market is expected to witness a CAGR of around 11% growth during the forecast period (2021-2027). This can be mainly attributed to the increasing adoption of cloud-based solutions and the necessity to comply with environmental and regulatory norms.

Based on organization size, the market is categorized into large enterprises and SMEs. The large enterprises segment held a substantial share in the mattress market in 2020 and is expected to witness a robust growth rate during the forecast period. This is because facility management helps large organizations in ensuring compliance, increasing the lifecycle of assets, and increasing the cost-efficiency of business.

Based on end-user, the facility management market is classified into banking and financial services, information and communication technology, construction, government, healthcare, and others. Among these categories, the construction segment catered to a significant share of the global facility management market in 2020 and is anticipated to grow at a robust CAGR during the forecast period. The growth of this segment can be attributed to the benefits facility management provide to the construction industry such as strategic planning, managing everyday operations, implementing health and safety procedures, and organizing maintenance, security, and repairs of the premises.

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North America is expected to witness substantial growth during the forecast period

The North American facility management market is expected to witness a prominent CAGR during the forecast period. The growth of this market can be attributed to the adoption of new and emerging technologies, the presence of key market players, and the rising real estate industry in the region. Moreover, recent innovations in the region have helped advance facility management solutions that make the entire process highly efficient and significantly improve the accuracy of various applications. Many new resolutions, mergers, and acquisitions are taking place in North America to attract opportunities for investments. Furthermore, the demand for facility management services is growing due to demand in domestic oil & gas production, an increase in adoption of smart technology in the workspace, a surge in the need to address data security concerns of clients to ensure a competitive position and rise in the positive impact of mid-size commercial organizations boost the facility management market in North America.

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According to ‘UnivDatos Market Insights (UMI)’, the key players with a considerable market share operating in the facility management market include International Business Machines Corporation, Oracle Corporation, SAP SE, Fortive Corporation, Service Works Global, Causeway Technologies, Archidata Inc., Facilio Inc., Apleona Group GmbH, and UpKeep Technologies Inc. These companies are taking various strategic decisions to increase their market presence and share

“Facility Management Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.

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Market Segmentation:

1. By Component (Solutions and Services)

2. By Deployment (Cloud and On-premises)

3. By Organization Size (Large Enterprises and SMEs)

4. By End-User (Banking and Financial Services, Information and Communication Technology, Construction, Government, Healthcare, and Others)

5. By Region (North America, Europe, Asia-Pacific, Rest of World)

6. By Company (International Business Machines Corporation, Oracle Corporation, SAP SE, Fortive Corporation, Service Works Global, Causeway Technologies, Archidata Inc., Facilio Inc., Apleona Group GmbH, and UpKeep Technologies Inc.)

Key questions answered in the study:

1. What are the current and future trends of the facility management industry?

2. How the industry has been evolving in terms of component, deployment, organization size, and end-user?

3. How the competition has been shaping across the countries followed by their comparative factorial indexing?

4. What are the key growth drivers and challenges for the facility management industry?

5. What is the customer orientation, purchase behavior, and expectations from the facility management product suppliers across various countries?

Table of Content –

1 MARKET INTRODUCTION

2 RESEARCH METHODOLOGY OR ASSUMPTION

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 FACILITY MANAGEMENT MARKET COVID-19 IMPACT