Facility Management Market Overview: Size, Share, and Growth Analysis (2023-2029)

Facility Management Market size was valued at US$ 51.61 Bn . in 2021 and the total revenue is expected to grow at CAGR 11.20% , reaching nearly US$ 107.29 Bn in  2029.

Facility Management  Market Overview:

The  Facility Management  Market analysis provides a comprehensive picture of competition, including the market share and company profiles of the worldwide industry’s top rivals. The research scope covers a complete analysis of the  Facility Management  Market, as well as the causes for variances in the industry’s growth in various places.

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Facility Management  Market Scope:

To identify and collect material suitable for this study, this research study makes considerable use of secondary sources, directories, and databases, such as annual reports, press releases, journals, corporate websites, and databases.

Facility Management  Market Drivers:

Cloud-based facility management offers reduced operating costs, secure hosting of critical data, quick disaster recovery, improved security, and scalability. These factors are expected to drive market growth.

Outsourcing of facility management is continuously growing in popularity and before outsourcing they review the mix of insourcing, outsourcing on basis of cost, capability, and coverage. Outsourcing is contributing significantly to market growth.

Increased investment in infrastructure by governments in several countries and signing contracts with players to link and complete their infrastructure internally and globally as well is driving the market growth of facility management.

Facility Management cannot be used as a complete solution in facility digital architecture as it is required to be integrated with ERP systems which are complicated tasks due to complex features. This factor is restraining the growth of the market.

Sodexo partnered with Bureau Veritas to introduce a hygiene verification label for Sodexo services that gives quality assurance to consumers. This partnership covers on-site facility management services and catering services.

Facility Management Market Segmentation:

by Solutions

Facility Property Management
Integrated Workplace Management System
Facility Environment Management
Facility Operations & Security Management
Building Information Modeling

by Services

Consulting
SLA Management
Deployment & Integration
Auditing & Quality Assessment
Support & Maintenance

by Deployment Type

Cloud
On-Premises

by Organization Size

Small & Medium Enterprises
Large Enterprises

by Vertical

BFSI
Education
IT & Telecom
Publications & Research
Retail
Manufacturing
Healthcare
Government & Public Administration
Energy & Utilities
Construction & Real Estate
Others


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Facility Management  Market Key Players: The key players are

1. IBM
2. Oracle
3. SAP
4. Trimble
5. Accruent
6. MRI Software
7. Planon
8. ServiceChannel
9. Service Works Global
10. FMX
11. Causeway Technologies
12. FM: Systems
13. Space well
14. iOFFICE
15. FSI
16. ARCHIBUS
17. Archidata
18. JadeTrack
19. UpKeep Maintenance Management
20. Apleona
21. FacilityONE Technologies
22. OfficeSpace Software
23. Facilio
24. eFACiLiTY
25. eMaint
26. Axxerion USAFAQS

Regional Analysis:

Individual market influencing elements and changes in market legislation that affect current and future market trends are also included in the regional component of the  Facility Management  Market study. Current and future trends are examined to assess the entire market potential and uncover profitable trends to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.

Key Questions Answered in the  Facility Management  Market Report are:

  • Which sub-segment had the largest share in the  Facility Management  Market?
  • How is the competitive landscape of the  Facility Management  Market in 2023?
  • Which are the key drivers impacting the  Facility Management  Market growth?
  • Which region holds the maximum share in the  Facility Management  Market?
  • What will be the CAGR of the  Facility Management  Market during the forecast period (2023-2029)?

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