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Facility Management Services Market To Witness the Highest Growth Globally in Coming Years 2021-2027

02-01-2021 03:07 PM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Facility Management Services Market

Facility Management Services Market

The global facility management services market to avert their business processes due to the lockdown imposed by governments around the world to reduce exponential spread of the deadly virus. This break in operations directly affects the providing of the global market. Besides, there is a stoppage in adopting of facility services for maintenance services owing to shortage of manpower and capital.

Furthermore, the COVID-19 has already affected the facility management services in the first quarter of 2020 and is likely to cause a negative impact on the market growth throughout the year. Further, the non-availability of staffs is causing hindrance in the facility management services around the globe.

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A rise in construction activities and increase in need for safety, comfort, and healthy environment for employees in addition to increase in awareness about outsourced services are expected to lead to the development of the global market. In addition, a strict norm to monitor waste disposal is anticipated to drive the growth of the market.

Furthermore, government investments in real estate sectors is expected to boost the growth of the construction industry, which, in turn, is expected to drive the growth of the global market. Moreover, increase in industrialization and urbanization, increases the demand for sustainable development of properties or buildings. Such a factor is anticipated to drive the growth of the market during the forecast period.

The key players profiled in the market report include Arthur McKay & Co Ltd., BVG India Ltd , CBRE Group, Inc. EMCOR Group, Inc., ISS World Services A/S, Knight Facilities Management, Quess Corp Ltd, Sodexo, Inc., Spotless Group Holdings Limited, and Tenon Group.

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Key Findings Of The Study

The report provides an extensive analysis of the current and emerging facility management services market trends and dynamics.

Depending on service type, the property segment dominated the market, in terms of revenue in 2019 and others is projected to grow at a CAGR 7.6% during the forecast period.

By type, the in-house segment registered highest revenue in the market in 2019.

Depending on end-user, the commercial segment dominated the market, in terms of revenue in 2019 and is projected to grow at a CAGR 8.2% during the forecast period

LAMEA is projected to register the highest growth rate in the coming years.

The key players within the market are profiled in this report, and their strategies are analyzed thoroughly, which help understand the competitive outlook of the facility management services industry.

The report provides an extensive analysis of the facility management services market trends and emerging opportunities of the market.

In-depth facility management services market analysis is conducted by constructing estimations for the key segments between 2020 and 2027.

The global facility management services market forecast analysis from 2020 to 2027 is included in the report.

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About us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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