About Facilities Management Software
Facility management is a multidisciplinary field dedicated to the coordination of infrastructure, space, organization, and people. The companies provide service and software to the customers. It is often associated with the administration of office blocks, sporting complexes, schools, shopping complexes, hotels, manufacturing, hospitals, and convention centers among others. The supportive government initiatives for the development of smart cities and the increasing adoption of smart connected devices and IoT for building automation are the major factors supporting facilities management market growth.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 11.7% |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Facilities Management Software market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
IBM (United States), Oracle (United States), SAP (Germany), MCS Solutions (Belgium), ARCHIBUS (United States), Trimble (United States), CA Technologies (United States), Accruent (United States), Planon (Netherlands), FM Systems (United States), Maintenance Connection (United States), JadeTrack (United States), MetricStream (United States) and Autodesk (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Facility Management eXpress (United States), Indus Systems (United States), Nemetschek (Germany) and OfficeSpace (United States).
Segmentation Overview
AMA Research has segmented the market of Global Facilities Management Software market by , Application (Integrated Workplace Management, Building Information Modeling, Facility Operations and Security Management, Facility Environment Management and Facility Property Management) and Region.
On the basis of geography, the market of Facilities Management Software 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 Mode, the sub-segment i.e. On-Premises will boost the Facilities Management Software 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. SMEs will boost the Facilities Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Vertical, the sub-segment i.e. BFSI will boost the Facilities Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Adoption of Cloud-Based Facilities Management Solutions and Emphasizing On Implementation of Digital Twin Technology in Facility Asset Management Solutions
Market Growth Drivers:
Increasing Adoption of Smart Connected Devices and IoT for Building Automation and The emergence of the SaaS Deployment Model for Facilities Management Solutions
Challenges:
Lack of Awareness Regarding Facility Management Solutions
Restraints:
Lack of Skilled Professional to Adopt New Technology
Opportunities:
Growing Focus on Integrating Building Information Modeling with Facility Management Solutions and Rising Demand from the Developing Economies
Market Leaders and their expansionary development strategies
In October 2023, Yardi Systems, Inc., a leading provider of property management software, announced the acquisition of CompStak, a commercial real estate data and analytics platform. This move aims to strengthen Yardi's offerings in tenant engagement and space optimization.
In December 2023, Trimble, a leading provider of construction and geospatial technology, acquired Planon, a prominent European provider of IWMS (Integrated Workplace Management Systems) for €1.8 billion. This merger strengthens Trimble's position in the global FMS market, particularly in Europe.
The European standards for facilities management offers a definition in EN15221-1, provided by the European Committee for Standardization (CEN) and ratified by 31 European countries as: “the integration of processes within an organization to maintain and develop the agreed services which support and improve the effectiveness of its primary activities. According to this European standard, the scope of FM is 'Space & Infrastructure' (planning, design, workplace, construction, lease, occupancy, maintenance, furniture, cleaning, etc.) and 'People & Organization' (catering, ICT, HR, HS&S, accounting, marketing, hospitality, etc.)
Key Target Audience
Software Developer, New Entrance, Potential Investors, Government Regulatory and Others
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.