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FM Software Market - A Multi-Billion Dollar Market Identifying Hidden Gems | IBM, Oracle, SAP
FM Software
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Facilities management (FM) software enables organizations to manage their entire repair and maintenance program from a web-based dashboard. FM software is designed to help businesses save time and money by properly managing their buildings, spaces, and occupants more efficiently and effectively. Facilities management software tools enable multi-site facility managers to perform a range of functions related to ongoing maintenance and repair, including asset management, commercial contractor sourcing, and compliance, work order fulfillment, preventive maintenance scheduling, invoicing, and analytics.
Market Trend
o The Growing Demand for Cloud Solutions
o Growing adoption of IoT and smart connected devices for building automation
Market Drivers
o Increasing demand for integrated facility management to achieve economies of scale
o Changing focus to virtual workplace and mobility
Opportunities
o High Adoption from Developing Countries
o Technological Advancement in the FM Software
Restraints
o The Issues Related to the Technological Complication
Challenges
o Lack of skills and expertise
1. Steady growth, expanding margins
Some of the players have a stellar growth track record. From 2014 to 2018, the company have shown enormous sales figures, while net income more than doubled in same period with operating as well as gross margins expanding. The rise in gross margins over the year's points to strong pricing power by the company for its products, over and above the increase in the cost of goods sold.
2. Industry growth prospects and market share
According to AMA, key business segments sales will cross the $$ mark in 2020. Unlike classified segments popular in the industry i.e. by Type (CAFM Software (Computer-Aided Facility Management), CMMS Software (Computerized Maintenance Management Software), Service Automation Software), Deployment Mode (Cloud-Based, On-Premises), Services (Simplified Work Order Management, Spend Analysis, Real-Time GPS Tracking, Mobile App, Refrigerant Tracking, Others), Industry Vertical (Retail, Restaurant, Retail Healthcare, Convenience Store), Organization Size (SMEs, Large Enterprises), the latest 2020 version is further broken down / narrowed to highlight new emerging twist of the industry. Global FM Software market will grow from $XX million in 2018 to reach $YY million by 2026, with a compound annual growth rate (CAGR) of xx%. The strongest growth is expected in Asia-Pacific, where CAGR is expected to be ##% from 2019 to 2026. This forecast is good news for industry players, as there is good potential for them to continue growth alongside the industry's projected growth.
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3. Ambitious growth plans & rising competition?
Industry players have ambitious plans to introduce a whole host of new products into various markets around the world. Some examples are variant to be introduced in eight EMEA markets in Q4 2019 and 2020. Considering all round activities some of the players profiles that would be worth checking are IBM (United States), Oracle (United States), SAP (Germany), Archibus (United States), Trimble (United States), CA Technologies (United States), Accruent (United States), Planon (England), MCS Solutions (United States), Jadetrack (United States) and Autodesk (United States).
4. Where the Industry is today
Although recent year might not be that encouraging as market segments have shown modest gains, things could have been better if players would have plan ambitious move earlier. Unlike past, but with a decent valuation, investment cycle continuing to progress in the U.S., many growth opportunities ahead for the companies in 2020, it looks like a good for today but stronger returns can be expected beyond.
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Key Insights that Study is going to provide:
o Revenue splits by most promising business segments.
o Gap Analysis by Region. Country Level Break-up will help you dig out Trends and opportunity lying in specific area of your business interest.
o Market Share & Sales Revenue by Key Players & Emerging Regional Players.
o A separate chapter on Market Entropy to gain insights on Leaders aggressiveness towards market [Merger & Acquisition / Recent Investment and Key Developments]
o Patent Analysis** No of patents / Trademark filed in recent years.
o Competitive Landscape: Company profile for listed players with SWOT Analysis, Business Overview, Product/Services Specification, Business Headquarter, Downstream Buyers and Upstream Suppliers.
** May vary depending upon availability and feasibility of data with respect to Industry targeted
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Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Western / Eastern Europe or Southeast Asia.
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About Author:
Advance Market Analytics is Global leaders of Market Research Industry provides the quantified B2B research to Fortune 500 companies on high growth emerging opportunities which will impact more than 80% of worldwide companies' revenues.
Our Analyst is tracking high growth study with detailed statistical and in-depth analysis of market trends & dynamics that provide a complete overview of the industry. We follow an extensive research methodology coupled with critical insights related industry factors and market forces to generate the best value for our clients. We Provides reliable primary and secondary data sources, our analysts and consultants derive informative and usable data suited for our clients business needs. The research study enable clients to meet varied market objectives a from global footprint expansion to supply chain optimization and from competitor profiling to M&As.
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