What is Space Planning and Space Management Solutions Market?
Space management is said to be the management, control, and supervision of physical spaces that any business occupies. This could be in reference to either to a single floor or multiple floors or multiple buildings. Space management is a process with multiple steps. In practice, this process involves the creation of a space management system that classifies floor layouts and the occupants throughout the organization. Expert facility managers always entrust an advanced space management software solution that helps in managing the organization’s infrastructure space efficiently. The space management software simplifies the process of space planning. The profits of investing in space management software are known from the very first day when an accurate picture is built as to who is using what and where. With the usage of this data identification of trends would be easy, which would in turn help in determining how the future changes should be managed. Pairing the space management software with other devices such as mobile applications, move management modules, and asset management can help in providing further in-depth analysis of space management in the organization. The value of space management software carries on to grow with the rise in the costs of real estate and a keen focus on the employee experience. Some of the key benefits and crucial components of using space management software are as follows:, • Better space utilization and optimization, • Cost reduction, • Storage of data in one place and data insights, • Real-time space management and records, Also, the three basic elements of having efficient space management software are:, • Strategic Planning, • Resource Optimization and • Workflow Automation
The market study is being classified by Type (Immediate Space Planning, Department and Program Master Planning and Strategic Planning), by Application (For Offices [Automated Data Processing: Mainframe, Automated Data Processing: PC System, Conference Room, Lobby, Parking: Outside / Structured, Private Toilet] and For Retail [General Storage, Warehouse]) and major geographies with country level break-up.
FMSystems (United States), SpaceIQ (United States) [WeWork Companies Inc.], Smart Space Software (United Kingdom), Trimble Inc. (United States), Rapal (Finland), Planon (Netherlands), Archibus Inc. (United States), Spacewell, iOFFICE (United States), IBM (United States), Accuruent (United States) [Fortive], Mapiq (Netherlands), Locatee (Switzerland), VLogic Systems, Inc. (United States), Tango (United States), Service Works Global (United Kingdom), zLink (United States), Schneider Electric (France), Hamilton Apps (France), MRI Software LLC (United States), FSI (FM Solutions) Limited (United Kingdom) and NFS Technology Group (United Kingdom) are some of the key players profiled in the study.
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Space Planning and Space Management Solutions market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Space Planning and Space Management Solutions market by Type, Application and Region.
On the basis of geography, the market of Space Planning and Space Management Solutions 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Digitization all Across the Globe
- Increasing Demand for Efficient Product Development Cycle
Market Trend
- High Demand Due to the Ability to Provide High Quality, Rapid, Accurate, Real-time Data
- Rapidly Growth of Technology Usage in Different Industries Across the World
Restraints
- Lack of Awareness of More Advanced Features and Benefits
- Lack of Skilled and Technical Expertise
- Chances of Occurrence of Errors in the Software
Opportunities
- Growth in the Use of Cloud-Based Platforms
- Drastically Accelerating the Need for Organizations to Transform Digitally
Challenges
- The Advent of New Software Due to Changing Technologies
- Demand for High-End Processors
Key Target Audience
Space Planning and Space Management Solutions Providers, Potential Investors, Market Research Firms and Others