openPR Logo
Press release

Facilities Management Market - Need for Businesses to Reduce Operational Costs Boosts Uptake

08-03-2018 04:36 PM CET | Associations & Organizations

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Facilities Management Market - Need for Businesses to Reduce

The global facilities management market is moderately consolidated with the presence of several large players that operate globally and regional players that mainly operate in local markets. Large players are resorting to strategic partnerships with small vendors to expand their service offerings and to expand their geographical presence. Partnerships and alliances are also helping large vendors to provide bundled facilities management services with the objective to offer value-added and quality services to their clients. Bundled services not only helps drive efficiency and cost benefits for vendors, it helps improve long-term relationship between the client and service provider.

Request a PDF Brochure with Future Analysis @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=12776

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.

Government Statutes for Businesses to Curb Operational Costs Fuels Growth

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.

Obtain Report Details @ https://www.transparencymarketresearch.com/facilities-management-market.html

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.

About TMR

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Contact TMR

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: https://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: 1162200 • Views: 948

More Releases from Transparency Market Research

Healthcare Provider Network Management Market Technology, Segmentation, Applicat …
Healthcare provider network management helps to finance organizations to manage a provider's network with superior efficiency for optimum financial results, process claims with more accuracy (which reduces errors and cost), and improve provider satisfaction. A healthcare provider network includes doctors, hospitals, and other healthcare providers such as nurses, therapists, practitioners, and clinicians that are a part of the health insurance plan. Report Overview @ https://www.transparencymarketresearch.com/healthcare-provider-network-management-market.html Provider network management comprises database management,
Smart Syringes Market Share, Growth by Top Company, Region, Applications, Driver …
Smart Syringes Market: Overview Smart syringes are gaining significant popularity around the world. These syringes are equipped with safety mechanisms, preventing their reutilization, and hence controlling unsafe injection practices. Report Overview @ https://www.transparencymarketresearch.com/smart-syringes-market.html In the recent times, the incidence of infections, owing to unsafe injection practices, has increased substantially. According to the WHO, around 1.7 million people were infected with the hepatitis B virus, almost 0.3 million were infected with hepatitis C virus, and
Telepathology Service Market Key Players' Profile and Industry Analysis to 2024 …
Telepathology Service Market: Overview Telepathology refers to the electronic transmission of high quality pathological data by the means of telecommunications technology to practice pathology from a distance. It opens the door for transfer of high quality image-rich pathological data between different locations for the purposes of diagnosis, education, and research. This technology is being utilized for purposes such as expert opinion on referral cases, emergency services, diagnosis at remote location, quality
Hydrolysed Protein Products Market To Partake Significant Development During 201 …
Hydrolysis of protein is done by either enzymatic or chemical methods. The enzymes which are used for protein hydrolysis are extracted from plants, animals or microbial sources. The hydrolysed protein products contain peptides and amino acids in highly purified forms. Hydrolysed protein products help in muscle growth and muscle development and fix impaired tissues. Hydrolysed protein products increase the amino acid absorption by muscle cells and increase nutrient delivery in

All 5 Releases


More Releases for Facilities

Facilities Support Services Market Research Report 2019
The facilities support services market consists of the sales of facilities support services and related goods by entities (organizations, sole traders and partnerships) that provide operating staff to perform a combination of support services within a client's facilities. Examples of facilities support services include janitorial, maintenance, trash disposal, guard and security, mail routing, reception, laundry, and related services to support operations within facilities. Browse Facilities Support Services Global Market Report 2019
Facilities Management Market -
The intense rivalry between key players, namely, ATALIAN Global Services, ISS World Services, Cresa, Sodexo, and Mace, points towards a highly competitive landscape of the facilities management market in France, finds a report by Transparency Market Research (TMR). Obtain Brochure For Latest Technology Advancements @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=16985 Currently, the leading facilities management service vendors in this country are providing singular services and integrated service solutions to end-use companies. However, in a bid
Cleankill exhibits at the Facilities Show 2017
Cleankill exhibits at the Facilities Show 2017 Cleankill Pest Control exhibits at the world’s largest dedicated facilities management event – The Facilities Show 2017. Cleankill Pest Control will be at the world's largest dedicated facilities management event, the Facilities Show, between 20th and 22nd June. This year’s event promises to be bigger than ever before with over 11,000 delegates visiting from over 40 countries. Cleankill will be on-hand to talk
Facilities Management Summit Opens
Fleming Gulf's 2nd Annual Facilities Management Summit opened today at the Crowne Plaza Doha - The Business Park, Qatar and saw over 80 participants, ranging from industry experts, property owners, investors, architects and solution specialists, gathering under one roof to showcase the importance of a comprehensive Facility Management (FM) plan for professionals involved with the management of sizeable real estate portfolios. Supported by Middle East Facility Management Association (MEFMA) and
Bespoke Recycling Facilities Help Waste Management
Waste management provider Veolia has just had additional outdoor storage space installed by temporary buildings company TransformaSpace. The new bespoke recycling facility has transformed operations, saving Veolia both time and money. Companies across the UK can save thousands of pounds simply by protecting their products from the elements. When national waste management company Veolia identified the weather as a key threat to growth, they contactedTransformaSpace to find a solution. Veolia needed
Crestron Solutions Praised at Worship Facilities Expo
ROCKLEIGH, NEW JERSEY – Crestron received awards in two major categories at the 2008 Worship Facilities Conference & Expo (WFX), the leading event for AV and technology managers in churches nationwide. The Crestron wireless iLux™ (CLS-C6RF) was judged the Best Lighting Product, and the new Isys® TPS-6X wireless touchpanel won top honors as the Best Building Material and System Product. The WFX New Product Awards, presented by Worship Facilities and