Press release
Facilities Management Market - Need for Businesses to Reduce Operational Costs Boosts Uptake
Obtain Report Details @ https://www.transparencymarketresearch.com/facilities-management-market.html
Key companies operating in the global facilities management market are Arthur McKay & Co. Ltd., Bilfinger HSG Facility Management GmbH, Bellrock Property & Facilities Management Limited, Broadspectrum (Australia) Pty Limited, and ISS World Services A/S among others.
As per a report by Transparency Market Research (TMR), the global facilities management market is projected to clock an impressive 13.8% CAGR between 2017 and 2024, for the market to be worth US$1887.19 bn by 2024. The opportunities in the market translated into a revenue of US$762.07 bn in 2017. By service type, soft services hold dominance with the segment anticipated to hold 62.3% of the overall market by 2024; the growth of soft services segment is mainly because of their growing demand in healthcare, corporate, and government sectors.
In terms of industry, corporate segment holds prominence and the trend is estimated to remain this way through 2024. Attributed to the growth of business activities and service offerings, the corporate sector is anticipated to hold 24.0% of the overall market by 2024. North America, among key regions currently leads the facilities management market due to extensive availability of low-cost and high-quality facilities management service providers in the region.
Majorly fuelling the global facilities management market is reduction in operating costs for businesses. Economic burden on companies is increasing due to operational and maintenance costs. Facilities management service providers offer a gamut of services to support businesses. Large organizations and businesses outsource facilities management services such as maintenance, cleaning, and security, which allows them to focus on core business activities.
Get Sample Copy of this report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=12776
Excessive energy consumption accounts as additional operational costs for businesses. To address this, facilities management companies develop an integrated design for energy needs of businesses which helps reduce energy consumption and improve performance. This helps businesses reduce operational and maintenance costs.
Increasing government regulations in place to optimize energy consumption to curb carbon emissions and statutes for proper disposal of waste have compelled organizations to engage facilities management services. For instance, the Energy Policy Act of 1992 laid down by the federal government in the U.S. focuses on energy reduction and guidelines for the implementation of conservation measures. Facilities management service providers keep a log of emissions produced by businesses and develop an energy flow solution that is sustainable in the long run.
Transparency Market Research (TMR) is a next-generation provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: www.transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Facilities Management Market - Need for Businesses to Reduce Operational Costs Boosts Uptake here
News-ID: 1157966 • Views: …
More Releases from TransparecnyMarketResearch
Dental Fluoride Treatment Market is predicted to expand at 4.5% CAGR through 203 …
The global Dental Fluoride Treatment Market has been sailing through robust waters, witnessing a valuation of US$ 14.1 billion 2022. As we set our sights on the horizon, the market is poised to embark on a journey of steady growth, with a projected Compound Annual Growth Rate (CAGR) of 4.5% from 2023 to 2031. By the end of 2031, the industry is expected to anchor at an impressive US$ 21.0…
Outdoor TV Market Poised to Reach US$ 866.6 Million by 2031, Driven by a 9.5% CA …
The global Outdoor TV Market has been sailing through robust waters, witnessing a valuation of US$ 286.8 million in 2022. As we set our sights on the horizon, the market is poised to embark on a journey of steady growth, with a projected Compound Annual Growth Rate (CAGR) of 9.5% from 2023 to 2031. By the end of 2031, the industry is expected to anchor at an impressive US$ 866.6…
Viscosupplementation Market projected to expand at a CAGR of ~7% from 2019 to 20 …
According to the report, the global viscosupplementation market was valued at ~US$ 2.6 Bn in 2018 and is projected to expand at a CAGR of ~7% from 2019 to 2027. Viscosupplementation can be performed using three primary injection types: single injection, three injections, and five injections. Applications of viscosupplementation injection include knee osteoarthritis, hip osteoarthritis, and hand osteoarthritis. Growth of the global viscosupplementation market can be attributed to rise in…
Cardiac Safety Services Market Size, Status, Scope and Growth Prospects 2020 - 2 …
Cardiac Safety Services Market: Introduction
• Cardiac safety services can be defined as services that deal with supporting and designing clinical trials and other studies required for the monitoring of cardiac safety
• Cardiac safety services are focused on monitoring the entire cardiac safety profile across various phases of clinical trials, including Phase I to Phase IV. These studies are done in compliance with FDA, PMDA, EMA, and other regulatory bodies.
• Cardiovascular safety assessment services…
More Releases for Facilities
Industrial Facilities Lighting Market
Industrial Facilities Lighting Market Overview
Industrial Facilities Lighting refers to equipment that provides sufficient lighting inside industrial facilities, including but not limited to factories, warehouses, workshops, production lines and other places. The main purpose of Industrial Facilities Lighting is to ensure adequate lighting in the work environment, improve work efficiency and employee safety.
This report provides a deep insight into the global Industrial Facilities Lighting market covering all its essential aspects. This…
Natioanl Facilities Direct
FOR IMMEDIATE RELEASE
National Facilities Direct (NFD) is a national facilities management company designed to consolidate your complex, ever-changing needs through top-quality facility services derived from real-time communication, state-of-art analytics, data-driven decisions, proprietary technologies to develop customized all-inclusive maintenance programs, best-in-class connectivity, and a vast in-house network of diverse professional licensed technicians. Handling all industries, achieving client satisfaction, and constantly evolving to face new challenges made NFD a proven industry leader.
The…
CloudApper announces: Facilities
Efficiently manage your facilities from anywhere with CloudApper’s facility management solution
CloudApper is excited to announce Facilities, the cloud-based facility management application that allows you to access facility management data at any time.
Simplify your company’s facility maintenance needs with Facilities. CloudApper’s latest software solution for facility and asset management operations.
Facilities is an intuitive web and mobile application that will reduce costs and save your company time by providing instant…
Global Facilities Support Services Market | Global Facilities Support Services I …
The facilities support services market comprises of sales of facilities support services and connected goods by entities (organizations, sole traders and partnerships) that deliver operating staff to accomplish a combination of support services inside a client`s facilities. Examples of facilities support services comprise janitorial, maintenance, trash disposal, guard and security, mail routing, reception, laundry, and connected services to support operations within facilities.
According to the analysis, ‘Facilities Support Services Global…
Facilities Management Market | facilities management software,facilities managem …
In order to study the various trends and patterns prevailing in the concerned market, Market Research Reports Search Engine (MRRSE) has included a new report titled “Facilities Management Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future.
Get Report Sample Copy on Facilities Management Market @ https://www.mrrse.com/sample/1772
Global facilities management market is…
Facilities Management Market Size Estimation by Experts 2018 and SWOT Analysis b …
This study provides insights about the Facilities Management Market in regards to its uses and benefits. We at Crystal Market Research (CMR) provide updated information that is beneficial in decision making regarding business investments.
The Facilities Management Market was worth USD 23.34 billion in 2014 and is expected to reach approximately USD 61.47 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 11.36% during the forecast…
