Press release
Facility Management Market: Industry Report, Growth, Demand, Key Players And Forecast 2022-2027
Facility Management Market
Facility management (FM) is an integrated system of various technologies used for enhancing the efficiency of residential and commercial spaces. It offers a variety of services and disciplines that ensure the safety, comfort, and functionality of the built structure. Additionally, they are utilized for equipment maintenance, business continuity, environmental sustainability, space planning, portfolio forecasting, and emergency preparedness. Some of the commonly used facility management solutions include operations and security management, computer-aided facilities management (CAFM), communications management, real estate, and property management, environmental stewardship and sustainability project and building management. As a result, it is extensively utilized across the banking, finance service and insurance (BFSI), education, and healthcare sectors.
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Global Facility Management Industry Demand Analysis:
The global market is majorly driven by the increasing demand from the construction sector. This can be attributed to the escalating number of renovation and repair activities across residential spaces along with the expansion of railways, roadways, highways, and airports. Apart from this, the advent of integrated facility management (IFM) that simplifies repetitive operations and combine office-related functions is significantly supporting market growth. Moreover, the integration of augmented reality (AR) and cloud computing for enhancing operational efficiencies is another growth-inducing factor. Furthermore, the increasing utilization of FM services to manage on-the-go, home-based, after-hours, and employees and outsourcing services, which are contributing to the market growth. Some other factors driving the market further include the accelerating adoption of the software-as-a-service (SaaS) deployment model and rapid digitization.
Top Facility Management Companies Worldwide :
• IBM
• Oracle
• Trimble
• CA Technologies
• SAP
• Archibus
• Accruent
• Maintenance Connection
• MCS Solutions
• Planon
• Ioffice
• Jadetrack
• Metricstream
• Emaint
• Facilities Management Express etc.
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Key Market Segmentation:
Breakup by Solution:
• Integrated Workplace Management System
• Facility Operations and Security Management
• Building Information Modeling
• Facility Property Management
• Facility Environment Management
Breakup by Service:
• Deployment and Integration
• Auditing and Quality Assessment
• Support and Maintenance
• Consulting
• Service Level Agreement Management
Breakup by Deployment Type:
• On-Premises
• Cloud
Breakup by Organization Size:
• Small and Medium Size Enterprises
• Large Enterprises
Breakup by Vertical:
• Banking, Financial Services, and Insurance
• IT and Telecom
• Government and Public Administration
• Healthcare
• Education
• Retail
• Energy and Utilities
• Others
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Breakup by Region:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
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