Overview:

The global facility management market is valued for more than US$ XXX.X Mn in 2019 and expected to reach a value of US$ XXX.X Mn by 2029 with a significant CAGR of around XX.X% over the forecast period of 2019-2029. Solutions and services utilized for management and efficient functionality of building, infrastructure facilities, real estate, etc. is called as facility management. Facility management is of two types hard and soft. Hard facility management focuses on physical assets such as elevators, plumbing, heating, and cooling. However, the soft facility management focuses on leasing, security, custodial services, and others.

Market Dynamics:

Increasing demand for efficient and cost-effective solutions to manage physical assets and other services in corporate environment is a key factor driving growth of the global facility management market. In addition, increasing investment in infrastructure projects coupled with market expansion by MNC’s are key other factors expected to drive growth of the target market during the forecast period. Moreover, rising demand for cloud-based solution especially from BFSI, IT, & manufacturing sectors owing to reliability, cost effectiveness, and easy access is another factor propelling demand for cloud-based facility management solutions, which is a key factor expected to fuel growth of the target market in the next few years.

Key Trends:

Rising focus on development of advanced facility management solutions integrated with various technologies such as artificial intelligence, big data, and ML by key players is a key trend observed in the market. This key trend is driving growth of the target market.

Regional Analysis:

For detailed understanding of market dynamics, the global market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America accounted for highest revenue share in 2018 and is expected to dominate the market over the forecast period. This is owing to high market presence of key players in the region and rising adoption of advanced technology in construction sector in the region. The market in Europe and Asia Pacific region is expected witness considerable growth during the forecast period, owing to increasing investment in corporate infrastructure development in countries in the regions.

Scope of the Report:

Detailed Segmentation:

Global Facility Management Market, By Type:

• Hard Facilities Management
• Soft Facilities Management

Global Facility Management Market, By Organization Size:

• SMEs
• Large Enterprises

Global Facility Management Market, By Vertical:

• BFSI
• IT and Telecom
• Healthcare
• Retail
• Energy and Utilities
• Manufacturing
• Construction and Real Estate
• Others

Key Players Covered:

Key players operating in the market includes, IBM Corp., Oracle Corp., SAP SE, Archibus, Trimble, CA Technologies, Accruent LLC, Planon Corporation, FM:Systems Group LLC, and iOffice Inc.

Key features of the study:

Foresight Market Research provides detailed analysis on global market in our report- Global Facility Management Market by type, organization size, vertical, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global facility management market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, ongoing trends, market expansion, and marketing tactics used overall the globe.