Facilities Management Market Outlook 2020 | Drivers, Restraint and Future Growth Analysis to 2025 | Key Companies Aramark, CA Technologies, CB Richard Ellis, EMCOR Group, G4S, IBM, Interserve, OCS Group, Oracle, Planon Corporation, Serco Group, Sodexo, Te

Rising investments in real estate as well as construction worldwide will drive facilities management market trends over the forecast timeframe. For example, the government of Canada had issued additional funding of USD 81.2 billion in 2017 across five main infrastructure streams that include trade, social, transportation, public transit and green infrastructure.

Canadian government has also taken numerous initiatives to enable the development of infrastructure for rural and northern communities. For instance, 'Investing in Canada' is a plan taken up by the Canadian government to build and develop advanced economic cities. There has been an increase in the investments in various smart city projects around the globe that has resulted in an increasing demand for facilities management services.

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The increase in prevalence of offices is propelling construction of commercial buildings. A rise in investments made by the government and private entities in both, developed and developing nations to facilitate construction in various fields is a vital factor supplementing the market growth over the years. The Canadian government allocated funds worth USD 81.2 billion across five important infrastructure streams such as public, green, trade, transit, transportation and social in the year 2017.

The country's government is increasingly undertaking initiatives to facilitate development of rural and northern community infrastructure with the launch of 'Investing in Canada' plan that aims at building advanced economic cities.

Company profiled in facilities management market report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Aramark
2. CA Technologies
3. CB Richard Ellis (CBRE)
4. Colliers International
5. Cushman & Wakefield
6. EMCOR Group Inc
7. G4S plc
8. IBM Corporation
9. Interserve
10. ISS Facilities Services Inc.
11. Jones Lang LaSalle Incorporated
12. OCS Group
13. Oracle Corporation
14. Planon Corporation
15. Serco Group
16. Sodexo
17. Tenon FM
18. Veolia
19. Compass Group

Surging number of construction projects will fuel need for different FM services like maintenance, operation, construction, electric and mechanical activities and post-construction requirements such as building cleaning and maintenance, driving facilities management market trends.

The outsourced services segment in facilities management market is likely to grow at a considerable rate over the period of study owing to the emphasis of organizations on core competencies to achieve competitive advantage. Mounting competition between businesses is steering the organizations to outsource their no-core operations to third-party service vendors.

By outsourcing the facilities management services, the daily working of the center can be maintained and governed by skilled and professionally trained labors. The overall cost of operations is gradually reduced as there is no need to recruit and train in-house personnel to manage the facility workings.

Hard service segment will own a large part of the facilities management market share by 2025 owing to the rapid increase in the development of smart offices and homes. Smart homes and offices have various physical assets like elevators, HVAC systems, Electrical & mechanical equipment and fire safety systems.

These systems need robust installation and regular maintenance for their smooth operations which would boost the demand for facilities management services and solutions. The providers of hard FM services are known to have skilled labor that manage work like electricals, civil construction and mechanical work without interrupting the customer's core business operations.

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The tourism industry in the U.S. has witnessed unprecedented growth over the years thereby magnifying the demand for FM services across North America. According to the International Trade Administration (ITA), in the year 2017, the travel and tourism industry in the U.S. generated a total economic output of over USD 1.6 trillion.

The rise in number of tourists has led to the use of facility management services across shopping malls, airports, amusement parks and large food centers. Leading facilities management market players are aiming at securing government contracts for facility management services to improve their profitable returns.

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