Oman Facility Management Market 2022 Industry Outlook, Present Scenario of Manufacturers, Share, Size, Opportunities and Forecast Research Report 2022: Ken Research

The Facility Management ("FM") market in Oman has observed robust growth throughout the review period; however, the market is still in its growth stage. The market is extremely fragmented with large number of players functioning within the FM industry. The FM market in the past was registered by soft services but technological innovation and augmenting need for building maintenance has resulted in growing demand for hard services. The foremost growth drivers for the industry comprise the booming real estate market, augmenting the construction industry, growing number of shopping malls and supermarkets, enlarging hospitality sector and aim on Green Buildings aligned to Vision 2030; generating the opportunities for FM services in the country.

The effective growth in project activity centered on tourism and the commercial sector have elevated the requirement for soft and hard services in the country, leading to a positive impression on the facility management market. The effective growth in inflow of foreign expatriates has also positively impacted the growth of the industry.

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According to the report analysis, 'Oman Facility Management Market Outlook to 2022 - By Soft Services (Housekeeping, Landscape Access and Façade Access, Security, Others) and By Hard Services (HVAC, Electromechanical, Operational and Maintenance, Fire Safety and Security)' states that the market dynamics has transformed in terms of number of players as domestic and international players have been entering the FM industry. With foremost MNCs entering this market, competition has further streamlined during recent years. Foremost FM companies in the country comprise Renaissance CSG, OIG, Como Facility Management, QBG and EFS. Companies are opposing on the basis of price and superiority. Renaissance CSG competes in the market on the basis of value innovation and several supplementary services it deliver to their customer. OIG differentiates itself from other companies by utilizing the environment friendly and safe products. Como has an enormous service portfolio which gives it a competitive edge over other companies. QBG is a customer centric company that delivers the personalized services to its consumers while EFS follows an employee centric method.

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At Ken Research, Oman Facility Management Market Report conveys a comprehensive analysis of Facility Management in Oman. The report aims on complete market size, market segmentation by Types of Services (Single, Bundled and Integrated Services), by Sectors (Commercial, Hospitality, Residential, Industries and several other sectors), by In house and Outsourcing services and by Hard and Soft Services. The report also covers the complete trends and developments, Vendor selection procedure and Competitive landscape. The report concludes with market projections for future for the market described above highlighting the foremost opportunities and cautions for Oman Facility Management.

By Soft and Hard Services, the facility management market can be classified on the basis of services offered i.e. hard services and soft services. Soft services registered the facility management market in Oman with a greater revenue share during 2017. The development of several sectors comprising real estate, hospitality, healthcare and tourism (due to Vision 2020) has amplified the requirement for soft services in the country. Conversely, hard services registered for the remaining revenue share of Facility Management Market Revenue in Oman throughout 2017.

As the facility management market in Oman is fragmented, it will convey immense opportunity to global and local players to tap this market with the aid of technology innovations and growing awareness among Omanis towards the FM services. Enormous growth in construction, tourism and healthcare industries in the country will augment the requirement for FM services. Additionally, the 9th Year Development plan (2016-2020) is projected to trigger the requirement for FM services owing to the augment in infrastructure projects.

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