Industry Background:
Facilities management (FM) software enables organizations to manage their entire repair and maintenance program from a web-based dashboard. FM software is designed to help businesses save time and money by properly managing their buildings, spaces, and occupants more efficiently and effectively. Facilities management software tools enable multi-site facility managers to perform a range of functions related to ongoing maintenance and repair, including asset management, commercial contractor sourcing, and compliance, work order fulfillment, preventive maintenance scheduling, invoicing, and analytics.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | IBM (United States), Oracle (United States), SAP (Germany), Archibus (United States), Trimble (United States), CA Technologies (United States), Accruent (United States), Planon (England), MCS Solutions (United States), Jadetrack (United States) and Autodesk (United States) |
This growth is primarily driven by Increasing demand for integrated facility management to achieve economies of scale and Changing focus to virtual workplace and mobility.
Globally, a noticeable market trend is evident The Growing Demand for Cloud Solutions
The Internet Software & Services sector in the North America 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 IBM (United States), Oracle (United States), SAP (Germany), Archibus (United States), Trimble (United States), CA Technologies (United States), Accruent (United States), Planon (England), MCS Solutions (United States), Jadetrack (United States) and Autodesk (United States), 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 28th January 2020, IBM is adding AI capabilities to its TRIRIGA real estate and facilities management software, the company announced Tuesday. The new intelligent features are meant to help real estate and facility managers optimize office space and improve the workplace experience.
Influencing Trend:
The Growing Demand for Cloud Solutions and Growing adoption of IoT and smart connected devices for building automation
Market Growth Drivers:
Increasing demand for integrated facility management to achieve economies of scale and Changing focus to virtual workplace and mobility
Challenges:
Lack of skills and expertise
Restraints:
The Issues Related to the Technological Complication
Opportunities:
High Adoption from Developing Countries and Technological Advancement in the FM Software
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 mostly 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 growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
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 in FM Software Market
- Analysis about New Entrants in FM Software Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, FM Software Study Sheds Light on
The FM Software Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the FM Software industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where FM Software 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.