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Facility Management Market (Type - Hard Facility Management, and Soft Facility Management; Component - Solution, and Service; Deployment - On Premises, and Cloud; Organization Size - Small and Medium Enterprises, and Large Enterprises; End User - Real Estate, BFSI, Healthcare, Government, Education, Manufacturing, Retail, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2027

  • Published : November, 2021

  • Rep Id : ICT003027

  • Category : Electronics, ICT and Semiconductors

  • Status : Published

A recent report published by Infinium Global Research on the facility management market provides an in-depth analysis of segments and sub-segments in the global as well as regional facility management market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional facility management market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast, and dollar values of the global facility management market. According to the report, the global facility management market is projected to reach up to 80 Billion in 2027 from over 40 Billion in 2021, growing with a CAGR of 12% over the forecast period of 2021-2027.


Facility Management Market

 

Market Insight

Facility management includes the integration of technology, place, processes, and people for the smooth functioning of the built-up environment. The adoption of facility management has ensured the comfort, safety, and efficiency of the infrastructure. The facility management market is experiencing many trends such as building automation and monitoring, evolving IT infrastructure, the advent of the Internet of Things, evolution of real estate models and environmental & sustainability impact. The technology of facilities management both software solutions and systems. Reduction in operational costs is the other benefit offered by facility management. The facility managers are the rapidly growing job profile around the world.

 

The facility management market is expected to experience significant growth. There are several drivers behind the growth of the market. One such is growing investments in infrastructure both from the public and private sectors. In recent years the global economy has been growing at a lightning speed. Thus, businesses around the world are prospering. In order to support their prospering businesses, these businesses are investing heavily in infrastructure. The construction of new commercial buildings, hospitals, production facilities, shopping malls, warehouses are in full swing around the world. The government investment is even larger than the private, the governments around the world are investing in environmentally sustainable infrastructures. The growth in the adoption of automation is further driving the market. Automation of infrastructure by enterprises has led to the effective implementation of facility management services. A concept such as integrated facility management has received a boost and is more common among industry verticals. As the technology penetration in the facility management market grows so does the threat of cybersecurity attacks. Every machine, system, software, and process that is connected in facility management is vulnerable to this threat. Thus, this factor is restraining the market. New opportunities are expected to arise as new technological advancements such as Artificial Intelligence and Machine Learning are further penetrating the market and are seeing growing integration with facility management solutions.

 

North America is expected to dominate the market among other geographies. The adoption of new technology in infrastructure management has always been high in North America. New facility management solutions are one of such technologies. The growing investments in infrastructure by both government and private players are further boosting the growth of the market. The real estate sector in the region has been constantly evolving in the region. Thus, the role and adoption of facility management have grown further. Asia-Pacific is expected to grow at the fastest rate in the market as compared to other regions. The adoption of infrastructure automation has been on the rise in the region. As the economies in the region are flourishing.

 

Segment Covered

The report on global facility management market covers segments such as type, compoenent, deployment, organisation size, and end user. On the basis of type, the sub-markets include hard facility management, and soft facility management. On the basis of compoenent, the sub-markets include solution, and service. On the basis of deployment, the sub-markets include on premises, and cloud. On the basis of organisation size, the sub-markets include small and medium enterprises, and large enterprises. On the basis of end user, the sub-markets include real estate, bfsi, healthcare, government, education, manufacturing, retail, and others.

 

Companies Profiled:

The report provides profiles of the companies in the market such as IBM Corporation, Aramark Corporation, FM SYSTEM, INC., Cushman and Walfield Plc, Accurent, LLC, SAP SE, Sodexo, Oracle Corporation, ISS A/S, and Compass Group.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of facility management market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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