Facility Management Market By Solution, By Service, By Deployment Type, By End User, By Geographic Scope And Forecast To 2026

Global Facility Management Market Analysis

According to Verified Market Research, the global facility management market was valued at USD 34.08 Billion in 2018 and is projected to reach USD 78.54 Billion by 2026, growing at a CAGR of 10.94% from 2019 to 2026.

What is Facility Management?

Facility management is a professional management discipline, widely used to support business activities. It involves the efficient and effective delivery of support services across all applications, creating and sustaining a safe environment for the industry. It is also defined as an organizational function which integrates people, place, and process within the built environment with the purpose of improving the quality of life of people and the productivity of the core business helps companies. Its prime focus is on core services and offers support which helps in enhancing the quality of services.

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Global Facility Management Market Outlook

In the report, the market outlook section mainly encompasses the fundamental dynamics of the market which include drivers, restraints, opportunities, and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.

The increased spending on the infrastructural aspect can be cited as one of the major drivers for the growth of the FM market. Moreover, the demand for reduced operational costs, increasing focus on processes optimization and energy efficiency improvements are driving the development of the facility management market worldwide. Also, delivery systems such as bundled facility management services and total facilities management services are adopted by companies to reduce costs and to maintain centralized control. However, security concerns related to the safety of devices and networks is one of the factors limiting the market growth. Increasing security breaches and growing threats of cybercrime groups are creating skepticism, thus affecting the growth of the market.

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Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Facility Management Market” is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market.

Global Facility Management Market Competitive Landscape

The “Global Facility Management Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as CA Technologies, IBM Corporation, Oracle Corporation, SAP SE, Archibus, Trimble, Accruent, Planon, FM:Systems, Ioffice, and Planon. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

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