Facilities Management Market By Solutions (Facility Operations And Security Management, Facility Environment Management, Facility Property Management), By Services (Deployment And Integration, Consulting, Support And Maintenance), By Deployment (Cloud, On-Premise), By Organization Size (Large Enterprises, Smes), By Vertical (Retail, Healthcare, Construction, Energy & Utilities, Manufacturing, Education, Government, Others) - Growth, Future Prospects And Competitive Analysis, 2019 - 2027

Increasing Requirements for Maintaining Environmental and Regulatory Compliance Has Increased the Demand for Facilities Management Market

Globally, the facilities management market is expected to grow with a CAGR of 13.60% during the forecast period from 2019 to 2027 and has registered a market value of US$ 33.60 Bn by 2018. Facilities management is defined as an organizational functioning that integrates the premises, individuals, and processes within a facility to improve the productivity of the core business. In addition, the facility management services ensure the facility environment's safety, comfort, and efficiency. Moreover, facility management is categorized into hard and soft facilities management.

Hard facilities management deals with an organization's physical assets, including machinery functionality, elevators, air conditioning, and others. Whereas soft facilities management aims toward the tasks performed by an individual such as accounting, custodial services, catering, and others. With the increasing environmental and regulatory compliances, the companies and organizations have to maintain the data of the work, health, material usage, and others within the premise. Moreover, these regulations are one of the major factors driving the global growth of the market. Moreover, the rising infrastructure and facilities development is also considered a major factor driving the market globally.

Market Synopsis

Facilities Management with Integrated Workplace Management System in its Solutions Segment Continue Dominating the Market

In 2018, the overall facilities management market was led by the integrated workplace management system segment contributed a high percentage of around 20% of the market share of the total revenue generated globally 2018. This segment is expected to grow with a significant CAGR during the forecast period. The integrated workplace management system is a software solution that reduces the facility's maintenance cost, offers flexibility and transparency, and increases the work efficiency of an organization's overall business.

North America Dominates the Market by Region

The global facilities management market was led by North America, with a market share of more than 30.0% in 2018. The region is one of the earliest adopters of technology, and the increasing adoption of government and private enterprises in the region is one factor driving the market growth. US accounts for the largest market share in the region due to the presence of various IT, BFSI, manufacturing, automotive, and other companies that are adopting the facilities management software to reduce increase the productivity of the facility and reduce the overall cost for the functionality.

Some prominent players operating in facilities management are CA Technologies, Archibus Inc., FM System Inc., iOffice Corporation, IBM Corporation, Oracle Corporation, SAP SE, Planon Corporation, Satnav Technologies, Indus Systems, Trimble Navigation Ltd, and Autodesk Inc.

Historical & Forecast Period

This research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. In addition, compounded Annual Growth Rate (CAGR) for each respective segment was calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The Facilities Management market report provides market size and estimates based on market dynamics and key trends observed in the industry. In addition, the report provides a holistic view of the global facilities management market based on solutions, services, organization size, deployment, verticals, and geography.

Frequently Asked Questions

The market for Facilities Management is expected to reach USD XX Mn by 2027.

The Facilities Management market is expected to see significant CAGR growth over the coming years, at 13.60%.

The report is forecasted from 2019-2027.

The base year of this report is 2021.

Archibus Inc., CA Technologies, FM System Inc., IBM Corporation, iOffice Corporation, Oracle Corporation, Planon Corporation, SAP SE, Satnav Technologies, Trimble Navigation Ltd. are some of the major players in the global market.

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Published Date:  Nov 2019
Category:  Technology & Media
Report ID:   60053
Report Format:   PDF
Pages:   140
Rating:    4.2 (70)
Delivery Time: 24 Hours to 48 Hours   
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