Global Facility Management Services Market Overview:
Facility management services help the facility management team to develop sustainable buildings and optimize functions at the most efficient level. Facility management services enable facility managers to identify the underutilized and poor performing facilities, assets, processes, and resources, and help improve facility assets. Increasing demand for cloud-based solutions to offer a reliable means of hosting facility management software is propelling the growth of the global Facility management services market in the forecast period.
As per latest study released by AMA Research, the Global Facility Management Services market is expected to see growth rate of 5.3%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:
Increasing Adoption of IoT and AI in facility Management Solutions
Market Growth Drivers:
Increasing Demand for Cloud-Based Facility Management Services, Rising Demand for Facility Management Solutions Integrated with Intelligent Software and Growing Focus of Enterprises to Comply with Regulatory Policies
Challenges:
Integration of Facility Management with Legacy ERP Systems
Restraints:
Lack of Managerial Awareness and Standardization
Opportunities:
Increasing Trend of Outsourcing Facility Management Operations and Rising Focus on Integrating BIM with Facility Management Solutions
Competitive Landscape:
Key players are adopting numerous strategies to gain market attention and to increase their market share, this strategy can be listed as increasing product portfolio, making partnerships to adopt certain technologies, and acquiring small players to finish the competition in the future. As well as investing money in the R&D sector to make technical upgrades to the product.
Some of the key players profiled in the report are IBM (United States), Oracle (United States), SAP (Germany), Trimble Inc.(United States), Accruent (United States), MRI Software LLC (United States), Planon (Netherlands), ServiceChannel (United States), Service Works Global (United Kingdom), FMX (Germany), Causeway Technologies (United Kingdom) and FM: Systems (United States). Additionally, following companies can also be profiled that are part of our coverage like Spacewell (Belgium), iOFFICE (United States), ARCHIBUS (United States), Archidata Inc. (Canada), JadeTrack (United States) and UpKeep Maintenance Management (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Facility Management Services market by 2030. Considering Market by Deployment Mode, the sub-segment i.e. Cloud-Based will boost the Facility Management Services market. Considering Market by Organization Size, the sub-segment i.e. Small and Medium-sized Enterprises (SMEs) will boost the Facility Management Services market. Considering Market by Industry Verticals, the sub-segment i.e. Banking, Financial Services, and Insurance (BFSI) will boost the Facility Management Services market. Considering Market by Offering, the sub-segment i.e. Solutions (IWMS, BIM, Facility Operations and Security Management, Facility Environment Management, and Facility Property Management) will boost the Facility Management Services market.
Latest Market Insights:
What Can be Explored with the Facility Management Services Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Facility Management Services Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Facility 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 Facility 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 Facility 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 Services Providers, Research Organizations and Consulting Companies, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Others.
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.