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Facility Management Market Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast 2019 to 2026

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Global facility management market is predicted to value over US $ 61.13 billion by 2026 end and observe a CAGR of 10.2% during the forecast period of 2019 to 2026. Standardized services and streamlined process are constant demands from organization
Facility Management Market Global Trends, Market Share, Industry Size, Growth,
Opportunities, and Market Forecast 2019 to 2026
Global facility management market is predicted to value over US $ 61.13 billion by
2026 end and observe a CAGR of 10.2% during the forecast period of 2019 to 2026.
Standardized services and streamlined process are constant demands from
organizations aiming to progress beyond conventional facility management. Modern
facility management solutions are gaining accelerated adoption due to
• rapid technology changes
• agility in business functions
• digitization of businesses
• integrated facility management under one platform
• reduction in capital expenditure and focus on core activities
• adoption of outsourced services
• environmental and regulatory compliance
• automation of building asset and space management
• expansion in commercial and real estate infrastructure development
• changing work culture across organisations
The international mergers and acquisition are reckoned to present significant
opportunities to the facility management service providers. Also, the rising
collaboration of small scale local facility management providers with prominent cross
border providers in lieu of wider customer base coverage is fuelling the rapid growth
of the global facility management market.
Global Facility Management Market Restraints
• Presence of unorganized facility management players
• Shortage of skilled personnel to handle facility management software and
hardware
• Rising price competition
• Resistance due to the highly adopted comfortable traditional approach
• Unavailability of standardization
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Global Facility Management Market, by Solution:
+ Integrated Workplace Management System (IWMS)
+ Operations & Security Management
+ Building Information Modeling (BIM)
+ Property Management
+ Environment Management
Global Facility Management Market, by Service:
+ Auditing & Quality Assessment
+ Deployment and Integration
+ Support and Maintenance
+ Consulting
Global Facility Management Market, by Deployment Type:
+ Cloud
+ On-premises
Cloud-based facilities are widely adopted due to the ease of implementation
irrespective of a physical location with a single sign-on, convenient data accessibility
and low cost. Hence cloud segment is anticipated to experience strong growth
opportunities in the coming years.
Global Facility Management Market, by Organization Size:
+ Large
+ Small and Medium Enterprises
Large organization require complex asset tracking and space management due to
large staff and a higher number of loyal customers as compared to small and
medium-sized enterprises. Hence this requirement is to positively impact the growth
of large organization size sub-segment in future.
Global Facility Management Market, by Vertical:
+ IT and Telecommunication
+ Manufacturing
+ Education
+ Banking, Financial Services, and Insurance
+ Retail
+ Healthcare
+ Energy and Utilities
+ Construction and Real Estate
+ Public sector
+ Others
Global Facility Management Market, by Region:
+ Europe
+ North America
+ APAC
+ Latin America
+ Rest of World
Increased adoption of digital technologies like 3Dprinting, IoT, smart building
systems, etc. and high population as compared to limited facility management
services in North America makes it a market leader in terms of size and adoption.
Europe is considered the second largest place holder with the rise in demand for
integrated facilities services, however devaluation of sterling is resulting cheaper
market entrants’ investment and poor health of facility management companies is
estimated to slow down the growth of the market in Europe, especially in the UK
region. Increased adoption of automation and robustly developing infrastructure in
the APC region is anticipated to promote swift growth of the market in the coming
years. Rest of the world, especially the middle-east with its rising tourism and
exploding commercial infrastructure development signals a healthy growth of the
market during 2019-2026.
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Competitive Landscape:
+ Tier 1 players- established companies in the market with a major market share
+ Tier 2 players
+ Emerging players which are growing rapidly
+ New Entrants
Future Wise Takeaways
+ Growth prospects
+ SWOT analysis
+ Key trends
+ Key data points affecting market growth
Objectives of the Study:
+ To provide with an exhaustive analysis on the global facility management market
on the basis of the solution, service, deployment type, organization size, vertical, and
region
+ To cater comprehensive information on factors impacting market growth (drivers,
restraints, opportunities, and industry-specific restraints)
+ To evaluate and forecast micro-markets and the overall market
+ To predict the market size, in key regions (along with countries)—North America,
Europe, Asia Pacific, Latin America, and the Middle East.
+ To record evaluate and competitive landscape mapping- product launches,
technological advancements, mergers and expansions
+ Profiling of companies to evaluate their market shares, strategies, financials and
core competencies
Inquire further details about this report at: [email protected]
About FutureWise Research:
We specialise in high-growth niche markets, assuring flexibility, agility and
customised solutions for our clients. Through in-depth market insights and
consultancy, we present our clients with the tools they need to be at the forefront of
their industry – a position secured for far more than the near future.
Contact Us:
Company Name: FutureWise Research
Contact Person: Vinay Thaploo
Email: [email protected]
Phone: +44 141 628 9353 / +1 970 279 4295
City: Leeds
Country: United Kingdom
Website: www.futurewiseresearch.com
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