Industry Background:
Computer-aided facility management (CAFM) is the system software that helps in providing facility managers the platform to manage, track, report, and plan facilities activities for maintenance, space, move management, asset management and prevention planning. This computer-aided system is used in space planning, real estate portfolio management, building operations, asset management, environment & risk management, and others operation in several industries. The CAFM includes the development and utilization of Information Technology based systems, it is identified as a combination of CAD and relational database software with special features for facilities management.This growth is primarily driven by Growing Demand for Facility Management Operation in Organisation
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | N |
Value Unit | 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 |
The Internet Software & Services sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Mass Plc (United Kingdom), IBM (United States), Planon (United Kingdom), SpaceIQ (United States), Ultimo Software Solutions (United Kingdom), Tabs FM Ltd (United Kingdom), VertiGIS (United Kingdom), Concerto Property Asset Management Software (United Kingdom), FES Group Ltd (United Kingdom), Excitech (Addnode Group) (United Kingdom) and Joblogic (United Kingdom), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 14th April 2021, VertiGIS, a leading geographic information systems (GIS) solution provider and software developer, announced the completed acquisition of longstanding development partner KMS Computer GmbH. KMS is an established and trusted computer-aided facility management (CAFM) software specialist based in Dresden, Germany.
On 6th July 2021, Planon officially opened its state-of-the-art Innovation Campus in Nijmegen, the Netherlands. This spacious, smart, and sustainable office building is a valuable addition to Planon’s headquarters in Nijmegen. It is a testament to the company’s expertise, capabilities, and vision, showcasing the office of the 21st century. and On 29th June 2021, Planon announced that it has launched its online Marketplace to feature new add-on applications and integrations, which have been developed by Planon and its network of innovative technology partners. This online overview is an excellent new resource for organizations who are looking for the latest options around digitalization in this rapidly expanding world of PropTech.The global Computer-aided Facility Management (CAFM) is a fragmented market with the presence of various players. The companies are planning for the advancement in their software systems with continuous research & development activities. They are also focusing on strategic activities like mergers & acquisitions and have several expansion plans to enhance their competitive edge in the market.
Influencing Trend:
Introduction of IoT, Big Data, and AI Predictive Models in Computer-aided Facility Management (CAFM)
Market Growth Drivers:
Growing Demand for Facility Management Operation in Organisation and Need for Automation for the Efficiency, Space Utilization, Cost Saving in the Facility Management Operations in an Organisations
Challenges:
Technological Glitches and Connectivity Issues with Computer-aided Facility Management (CAFM)
Restraints:
Regulatory Compliance Involved with Computer-aided Facility Management (CAFM) Operations
Opportunities:
Surging Focus on Advancement in Information Technology for Efficient Business Operation will Boost the Computer-aided Facility Management (CAFM) Market
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Computer-aided Facility Management (CAFM) Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Computer-aided Facility Management (CAFM) Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Computer-aided Facility Management (CAFM) players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Computer-aided Facility Management (CAFM) Study Sheds Light on
The Computer-aided Facility Management (CAFM) Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Computer-aided Facility Management (CAFM) industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Computer-aided Facility Management (CAFM) industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.