Facility Management Market is accounted for $31.96 Billion in 2017 and is expected to reach $64.5 Billion by 2023, growing at a CAGR of 12.41% | Global Key Vendors – IBM, Oracle, SAP SE, CA Technologies, Trimble Navigation

Marketprognosis.com Publish a New Market Research Report On “Global Facility Management Market 2018 - 2023” which contains global key player’s survey information and forecast to 2023.

Overview of the Global Facility Management Market:

The Global Facility Management Market was valued at USD 31.96 Billion in 2017 and is expected to reach a market value of USD 64.5 Billion by 2023, registering a CAGR of 12.41% during the forecast period of 2018 - 2023.

Facility management solutions enable efficiency and agility in business functioning, and they are gaining vital importance in organizations. The facility management concept comprises of software and solutions that allow efficient management and use of workspace, real estate, assets, relocation of offices and buildings, and energy management. It standardizes services and streamlines processes. Enterprises are moving beyond the traditional concept of facility management, to address rapid technology changes and current business needs that are helping in the increasing adoption of these solutions.

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At present, businesses are increasingly looking for instant ease-of-working culture, merchandise and workflow management, and copying the idea of connected devices. Thus, facility management is soon poised to look, drastically, different from just a decade ago. With the introduction of next-generation technologies, such as the Internet of Things, and advanced connectivity spectrums, like 5G, the digital transformation of business centers are expected to have an increase in demand over the next few years. Moreover, the number of IoT connected devices is expected to touch 30 billion by 2020.

Also, for large enterprises managing the static and dynamic assets poses a variety of challenges, particularly when it comes to fulfilling while defending against loss or threat, regulatory standards, and exploiting the life cycle of various kinds of workflows. The proper management of software license, digital assets, and hardware are one of the most important ways to reduce costs. For example, logistics and fleet management companies need to be sure that they can precisely track assets along the entire supply chain, in case of unpredicted breakdown or loss, which can lead to system failures and service delays. Hence, in such cases, the adoption of IoT helps ease the operations and maintenance process.

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Latest technological breakthroughs have assisted the advancement of facility management solutions that can make the overall processes highly efficient and significantly improve accuracy in various applications. There have been a series of new solutions, mergers & acquisitions in North America to take advantage of this opportunity. The primary driver behind the investments has been the continuous evolution and application of new technologies to unlock enormous volumes that were previously considered non-commercial. With these series of investments, IT and Telecom, BFSI, real estate, and healthcare applications in North America are set to boom over the next five years.

Major Key Players:

1 IBM Corporation

2 Oracle Corporation

3 SAP SE

4 CA Technologies

5 Trimble Navigation Ltd.

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What Information does this report contain?

1 A detailed analysis of regulatory trends, drivers, industry pitfalls, challenges and growth opportunities for participants

2 Which are the leading market products, applications & regions and how will they perform by 2023?

3 What are the technologies & innovation trends, how will they evolve by 2023?

4 Which companies lead the industry, how are they positioned in the market in terms of sustainability, competency, production capacity and strategic outlook?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Facility Management Market.

Table of Contents:

1 Introduction

2 Research Approach and Methodology

3 Executive Summary

4 Market Dynamics

5 Global Facility Management Market - Segmented by Type

6 Global Facility Management Market Segmentation - By Service

7 Global Facility Management Market Segmentation - By Solution

8 Global Facility Management Market Segmentation - By Geography

9 Competitive Intelligence - Key Vendor Profiles

10 Investment Analysis

11 Future trends in FM Market

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