Press release
Facility Management Services Market Anticipated to Reach $1,422.6 Billion by 2027
Facility Management Services Market
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The global facility management services market was valued at $954.1 billion in 2019, and is projected to reach $1,422.5 billion by 2027, registering a CAGR of 6.6% from 2020 to 2027.
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.
Top 10 Leading Players
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
Tenon Group
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Key Market Segments
By Service Type
Property
Cleaning
Security
Catering
Others
By Type
Outsourced
In-house
By End-user
Commercial
Institutional
Public/Infrastructure
Industrial
Others
By Region
North America
Europe
Asia-Pacific
LAMEA
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