About Facility Management
Facility management refers as the efficient and effective delivery of services for the organization. The key benefits of the facility management services include cost optimization, transfer of risk, tailored services, various technology solutions, standardization and among others. These key benefits of the facility management service is acting as key driver for the market as many company getting financial benefits due to facility management service. But lack of awareness associated with the benefits of the service is limiting the growth of the market. New technologies such as Internet of Things (IoT) and smart connected devices can create a huge opportunity for the facility management service market
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 12.5% |
Competition among existing players is due to share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for digital healthcare Supply chain management Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage.The Manufacturers having a strong hold in the market are IBM Corporation, Oracle Corporation, SAP SE. Analyst at AMA Research estimates that Global Manufacturers will contribute the maximum growth to Global Facility Management market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
IBM Corporation (United States), Oracle Corporation (United States), SAP SE (Germany), MCS Solutions (Belgium), Ioffice Corporation (United States), Archibus, Inc. (United States), FM System, Inc. (United States), CA Technologies, Inc. (United States), Accruent, LLC (United States), Planon Corporation (Netherlands), Trimble, Inc. (United States), Maintenance Connection (United States), JadeTrack (United States), MetricStream(United States), Facility Management eXpress (United States), eMaint (United States), Hippo CMMS (Canada), Indus Systems (United States) and Autodesk (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Nemetschek (Germany), Archidata (Canada), OfficeSpace (United States), FacilityONE Technologies (United States) and Apleona (Germany).
Segmentation Overview
AMA Research has segmented the market of Global Facility Management market by and Region.
On the basis of geography, the market of Facility Management has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Deployment Type, the sub-segment i.e. On-Premises will boost the Facility Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Organization Size, the sub-segment i.e. Small and Medium-Sized Enterprises will boost the Facility Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Service , the sub-segment i.e. Cleaning & Janitorial services will boost the Facility Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Vertical , the sub-segment i.e. Banking, Financial Services, and Insurance will boost the Facility Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Solution , the sub-segment i.e. Integrated Workplace Management System will boost the Facility Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Adoption of Internet of Things and smart connected devices for building automation
Market Growth Drivers:
Increasing Adoption of cloud-based solutions, Emergence of the Software as a service deployment model and Rising Demand for integrated facility management
Restraints:
Lack of Awareness about Benefits of Facility Management
Opportunities:
Lack of Skilled Man force
Market Leaders and their expansionary development strategies
On April 2011, the IBM Corporation had acquired facility management service company named as TRIRIGA, Inc. The Acquisition was strategic decision taken by IBM Corporation to make the strong value in the facility management services.
In February 2021, Toshiba America Business Solutions' printing innovation significantly simplifies everyday packaging applications for shipping and logistics operations. Beyond streamlining everyday tasks for warehouse professionals, Toshiba's Duplex Linerless Thermal Printer (DL1024) reduces costs and boosts productivity while helping organizations meet the demand for more sustainable printing solutions.
According to ISO 41001:2018, the facility management service should demonstrate effective and efficient delivery, and aims to without fail meet the requirements of interested customers/clients and applicable needs .
Key Target Audience
Facility management solution providers, Facility management service providers, Building automation solution providers, Managed service providers, Integration service providers, Cloud service providers, Architects, engineers, and contractors, Consultancy firms and advisory firms and Regulatory agencies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.