Global Facilities Management Services Market Overview:
Facility management service is a bunch of maintenance services that are utilized by companies, organizations and housing societies towards an integrated approach to the various day to day activities and maintenance management. The facility management companies ensure that the part under their control or management is run smoothly, efficiently and economically with the implementation of professional quality of daily services such as Auditing and Quality Assessment, Support and Maintenance etc. The factors like increasing demand of cloud technology solutions like SaaS deployment model, rising need of IoT and connected devices for building automation are propelling the market growth
As per latest study released by AMA Research, the Global Facilities Management Services market is expected to see growth rate of 7.1%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Rising need to maintain environmental and regulatory compliance
Market Growth Drivers:
Emergence of SaaS deployment model and IoT, Increasing adoption of smart connected devices for building automation and Rising number of commercial and residential buildings such as shopping malls, hotels, hospitals and offices
Challenges:
The dearth of skilled experts
Restraints:
Lack of awareness regarding facility management services and Existence of unorganized players
Opportunities:
New advanced technology in facility management service
Competitive Landscape:
Planon is strengthening its position in Northern Europe by opening an office in Göteborg, Sweden. The newly opened office will streamline support to Planon’s future and current customers, including Danfoss and Attendo
Some of the key players profiled in the report are Oracle (United States), Archibus (United States), CA Technologies (United States), Accruent (United States), Planon Corporation (United States), Ioffice (United States), Trimble, Inc. (United States), IBM Corporation (United States), FM Systems, Inc. (United States) and SAP SE (Germany). Additionally, following companies can also be profiled that are part of our coverage like Facilityone Technologies (United States), MCS Solutions (Belgium), Metricstream (United States), Hippo Cmms (Canada) and Facilities Management Express (United States). Analyst at AMA Research see United States Manufacturers to retain maximum share of Global Facilities Management Services market by 2030. Considering Market by Enterprise Size, the sub-segment i.e. SMEs will boost the Facilities Management Services market.
Latest Market Insights:
In November 2023, Sodexo and Aramark, two major FM companies, partnered to form a joint venture for catering and facilities management services in the Middle East region. This expansion reflects the growing demand for FM services in the region.
FMI is designed to promote and accelerate the development of the facility management profession. FMI helps Federal agencies implement the Federal Buildings Personnel Training Act of 2010 (FBPTA). Congress passed the FBPTA to ensure Federal buildings are operated and maintained at the highest performance levels throughout their lifecycle
What Can be Explored with the Facilities Management Services Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Facilities Management Services Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Facilities Management Services
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Facilities Management Services market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Facilities Management Services market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Facility management service providers, Managed service providers, Integration service providers, Cloud service providers, Building automation service providers, Architects, engineers, and contractors, Consultancy firms and advisory firms and Regulatory agencies.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.