Saudi Arabia Facility Management Market Research Report 2017-2027
Market Reports on Saudi Arabia Provides the Trending Market Research Report on “Saudi Arabia Facility Management Market By Service (Property, Cleaning, Security, Support, Catering & Others), By Type (Hard Services {Mechanical, Electrical and Plumbing, Preventive Maintenance, Structural Maintenance, HVAC and Asset Management, Others}, By Soft Services {Cleaning Services, Security Services, Catering Services, Health Safety & Waste Management Services, Others}, By Industry (Organized and Unorganized), By End User (Commercial, Residential, Industrial and Public Sector), By Sectors (Education, Healthcare, Real Estate, Banking, Hospitality, Housing, Others), By Region, Competition, Forecast & Opportunities, 2017-2027” under Services Market Research Reports category. The Facility Management Market Database in Saudi Arabia is projected to exhibit highest growth rate over report offers a collection of superior market research, market analysis, and competitive intelligence and industry reports.
Saudi Arabia Facility Management Market was valued at USD23.30 billion in 2021 and is anticipated to generate robust growth during the forecast period with a CAGR of 6.97% owing to the growing focus on outsourcing, rapidly increasing internet of things (IoT) market, technology integration, etc.
Any tangible asset used by an organization to support its operations is known as a "Facility," according to a common definition. The term "facility management" refers to the upkeep of a company's physical assets, such as its buildings and machinery, through services like cleaning, security, mechanical, electrical, and plumbing (MEP) maintenance, etc. This increases the efficiency of the company's core operations. Primarily, facility management includes catering, security, cleaning, property, and support service. These services are necessary for the effective operation of the business as well as to ensure smoothing functioning.
Increasing Attention to Sustainability
To ensure the nation's long-term development, Saudi Arabia has started to promote environmentally friendly solutions to reduce energy use and limit greenhouse gas emissions. Saudi Arabia wants to promote the building of green structures as a result. Green building is the practice of constructing a structure utilizing resource and environmentally friendly practices at every stage of its lifecycle, including construction, use, maintenance, repair, and demolition. The Saudi Arabian government has contributed significantly to the nation's green-building culture. Green building projects with Leadership in Energy and Environmental Design (LEED) certification has been registered in Saudi Arabia. With the aid of facility management experts, it should be simple to implement the smart building solutions that are expressly required by the LEED certification in the project design. In addition, using skilled and experienced executives is typically required for developing compliance. Because of this, big businesses prefer to have their properties managed and maintained by facility management companies. The facility management market is predicted to grow as a result of these anticipated transformations.
Growing Attention to Outsourcing
Due to growing corporate sector competition and a desire to concentrate on core competencies, there is ample interest in outsourced facility management services to support the nation's facility management industry. The expense of commercial space, the lifespan of plants and equipment, energy consumption, technical maintenance, and other sectors are just a few of the advantages of outsourcing. Consequently, there is a greater need for facility management services. This trend is also being driven by the demand for elevated workplace experiences and reduced operating costs.
The Booming Market for the Internet of things (IoT)
The term "Internet of Things" (IoT) refers to a vast ecosystem in which linked gadgets and services gather, exchange, and process data to adapt and change lifestyles. Cyber-physical systems are deeply rooted in IoT, strengthening intelligent infrastructure by enhancing service delivery. IoT-powered intelligent infrastructure has various advantages that result in high cost and efficiency savings. These data-driven strategies, supported by network connections and linked devices, are anticipated to grow in popularity in the facilities management industry.
Facility Management in Building Design Integration
Building design in Saudi Arabia is increasingly taking facility management into account, enabling architects to create straightforward structures that will be easy to maintain over time. Early in the design process, facility managers are approached for input on lifespan cost estimates, landscaping, alarm and fire systems, and best practises for project area utilization. In building design, facilities management aims to reduce the overall cost of these services throughout the structure. Additionally, facility management integration aids in the seamless organization by assisting owners in managing and controlling the facility with the least amount of disruption. Consequently, the building's overall life will be prolonged, and the Saudi Arabia Facility Management Market will grow.
Market Segmentation
The Saudi Arabia Facility Management Market is segmented based on Service, End User, Type, Industry, Sectors, Region, and Company. Based on Service, the market is further fragmented into Property, Cleaning, Security, Support, Catering & Others. Based on End User, the market is segmented into Commercial, Residential, Industrial, and Public Sector. Based on Type, the market is segmented into Hard Services and Soft Services. Based on Industry, the market is segmented into Organized and Unorganized. Based on Sectors, the market is segmented into Education, Healthcare, Real Estate, Banking, Hospitality, Housing, Others.
Company Profiles
Saudi EMCOR Company Ltd (EFS Facility Management), Khidmah LLC, Enova Facilities Management Services LLC, Muheel Services for Maintenance & Operations LLC, Al Mahmal Facilities Services, Al Khozama Facility Management Services, Five Moons Company Ltd, Takamul AlOula Facility Management, Al Borj Facility Management among others are major market players in the Saudi Arabia Facility Management Market.
Report Scope:
In this report, Saudi Arabia Facility Management has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
•Saudi Arabia Facility Management Market, By Service:
Property
Cleaning
Security
Support
Catering
Others
•Saudi Arabia Facility Management Market, By Type:Soft Services
Hard Services
By Soft Services (Cleaning Services, Security Services, Health Safety & Waste Management Services, Catering Services, Others)
By Hard Services (Preventive Maintenance, Mechanical, Electrical and Plumbing, Structural Maintenance, HVAC and Asset Management, Others)
•Saudi Arabia Facility Management Market, By Industry:
Unorganized
Organized
•Saudi Arabia Facility Management Market, By End User:
Commercial
Residential
Public Sector
Industrial
•Saudi Arabia Facility Management Market, By Sectors:
Housing
Hospitality
Real Estate
Healthcare
Education
Banking
Others
Competitive Landscape
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