U.A.E. Facility Management Market to Witness 9.8% CAGR during 2019-2024

The construction industry in the U.A.E. is among the most prominent industries and is registering considerably growth. During the time period 2019-2024, the U.A.E. construction industry is predicted to witness 5.5% CAGR. The construction projects in industrial, residential, energy & utility, infrastructure, and commercial sectors are increasing along with the rapid economic growth. In addition to this, the country is focusing widely on the development of smart cities. In fact, the government of the country is planning to make Dubai the smartest city across the globe, by 2021, which is further driving the U.A.E. construction industry.

Get the sample pages of the market: https://www.psmarketresearch.com/market-analysis/uae-facility-management-market/report-sample

Due to these factors, the demand for facility management systems in the country is increasing. These systems are utilized for managing facilities and the space within them. The software is used for determining effective ways to divide space for different projects, keep track of maintenance, lay out an office, and assign space to various groups. Ascribed to these aspects, the U.A.E. facility management market is predicted to attain a value of $23,882.3 million by 2024, increasing from $13,577.4 million in 2018, advancing at a 9.8% CAGR during the forecast period (2019-2024). Different services that are offered under facility management include environmental management, cleaning, property, support, security, and catering.

Among industrial, commercial, and residential sectors, the largest demand for facility management services was created by the commercial sector. This is owing to the rising awareness of end users regarding optimizing the spending on commercial building management. Facility management services help the users to effectively maintain their assets and further allows them to incline towards core competencies for improving their market competitiveness. Two facility management modes are in-house and outsourced, including single, bundled, and integrated. Between these two, the adoption of in-house mode was higher in 2018 because of the long-standing presence and low cost of these services.

Make enquiry before purchase: https://www.psmarketresearch.com/send-enquiry?enquiry-url=uae-facility-management-market

U.A.E. Facility Management Market Competitive Landscape

Some of the major players operating in the U.A.E. facility management industry are Emrill Services LLC, Imdaad LLC, Farnek Services LLC, Cofely Besix Facility Management, Al Shirawi Facilities Management LLC, Etisalat Facilities Management LLC, Transguard Group LLC, Blue Diamond Facilities Management LLC, Reliance Facilities Management, and Deyaar Development PJSC.

Market Segmentation by Service

Property
HVAC maintenance
Mechanical and electrical maintenance
Others
Cleaning
Security
Catering
Support
Environmental Management
Others
Market Segmentation by End User

Commercial
Residential
Industrial
Market Segmentation by Mode

In-house
Outsourced
Integrated
Bundled
Single
Market Segmentation by Type

Hard
Soft
Others

Contact:
P&S Intelligence
Toll-free: +1-888-778-7886 (USA/Canada)
International: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com

About P&S Intelligence

P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

This release was published on openPR.