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 Requirement 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 had registered a market value of US$ 33.60 Bn by 2018. Facilities management is defined as an organizational functioning, which integrates the premises, individuals, and process within a facility to improve the productivity of the core business. The facility management services ensure the safety, comfort, and efficiency of the facility environment. Moreover, facility management is categorized into forms of hard facilities management and soft facilities management.

The hard facilities management deals with the physical assets of an organization, which includes machinery functionality, elevators, air conditioning, and others. Whereas, the soft facilities management aims towards 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, which are driving the growth of the market globally. Moreover, the rising infrastructure and facilities development is also considered as a major factor driving the market globally.

Market Synopsis

Facilities Management Market

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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 in 2018. This segment is expected to grow with a significant CAGR during the forecast period. The integrated workplace management system is software solutions that reduce the facilities maintenance cost and offers flexibility, transparency and increases the work efficiency of the overall business of an organization.

Facilities Management Market

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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 the year 2018. The region is one of the earliest adopters of the technology and increasing adoption of the government and private enterprises in the region is one of the factors, which is 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.

Facilities Management Market 

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Some of the prominent players operating in the 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.

Facilities Management Market

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. Compounded Annual Growth Rate (CAGR) for each respective segment 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. The report provides a holistic view of global facilities management market based on solutions, services, organization size, deployment, verticals and geography. Key segments covered in the report are as follows:

ATTRIBUTE DETAILS
Research Period  2017-2027
Base Year 2018
Forecast Period  2019-2027
Historical Year  2017
Unit  USD Billion
Segmentation

 Solutions Segment (2017–2027; US$ Bn)
 • Integrated Workplace Management System
 • Building Information Modeling
 • Facility Operations and Security Management
 • Facility Environment Management
 • Facility Property Management

 Services Segment (2017–2027; US$ Bn)
 • Deployment and Integration
 • Consulting
 • Auditing and Quality Assessment
 • Support and Maintenance

 Organizations Size Segment (2017–2027; US$ Bn)
 • SMEs
 • Large Enterprises

 Deployment Segment (2017–2027; US$ Bn)
 • Cloud
 • On-Premise 

 End-Users Segment (2017–2027; US$ Bn)
 • BFSI
 • IT and Telecom
 • Government
 • Healthcare
 • Education
 • Retail
 • Energy and Utilities
 • Manufacturing
 • Construction
 • Others

 Geography Segment (2017–2027; US$ Bn)
 • North America (U.S., Rest of North America)
 • Europe (U.K., Germany, France, Rest of Europe)
 • Asia Pacific (China, Japan, India, Rest of Asia Pacific)
 • Rest of the World (Middle East & Africa, Latin America)

Key questions answered in this report

  • What was the market size of facilities management in 2018 and forecast up to 2027?
  • Which is the largest regional market integrated workplace management system in its solutions segment?
  • What are the major trends followed in Facilities Management market across different regions?
  • Who is the key facilities management companies leading the market?
  • What are the key strategies adopted by the leading facilities management companies in market?

Unique data points of this report

  • Statistics on facilities management  penetration and spending worldwide
  • Recent trends across different regions in terms of adoption of Facilities Management.
  • Notable developments going on in facilities management  market
  • Attractive investment proposition for segments as well as geography
  • Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)
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Published Date:  Nov 2019
Category:  Technology & Media
Report ID:   60053
Report Format:   PDF
Pages:   120
Rating:    4.2 (56)
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