openPR Logo
Press release

Integrated Facility Management Market Insights, Growth, Emerging Trends And Forecast [ 2023-2033]

02-01-2023 07:37 AM CET | IT, New Media & Software

Press release from: Persistence Market Research

Integrated Facility Management Market Insights, Growth,

Demand for integrated facility management (IFM) is expected to close in on US$ 730 Bn in 2021. As per Persistence Market Research analysis, the market will register steady growth at 4.2% CAGR from 2021 to 2031.

According to the International Facility Management Association (IFMA), facility managers, must, in their capacity, "ensure functionality, comfort, safety, and efficiency of the built environment by integrating people, place, process, and technology."

Advanced organizations are getting advisory and transaction services, facilities management, and project services under one supplier, and while offering a single point of control. For large corporations, integrated facility management is a proven way for the streamlining of operations and efficient management of tasks.

Request the sample copy of report @ https://www.persistencemarketresearch.com/samples/3388

Companies such as Wipro are providing IFM solutions combining the organization's functions and facility services into a single platform. This helps in streamlining the communication between business leaders and facility managers, further aiding in increasing the efficiency of buildings and simplifying everyday operations.

Companies are also entering into partnerships with facility managers and operators in order to identify new opportunities, reimagine their businesses, create a digital roadmap, and integrate people, process, and technology.

In evaluation with managing every independent stakeholder and every task numerous times, integrated facility management offers increased visibility leading to quicker responses to requests, effective management of teams, reduction of operation costs, and less downtime for employees. Hence, there has been a rise in demand for IFM solutions and services across different industry verticals.

Key Takeaways from Market Study

• North America was the leading market in 2020 in terms of value for IFM. Over the coming years, South Asia and Pacific is expected to be a key market for sustainable revenue.
• Large enterprises are expected to offer higher incremental opportunity during the forecast period.
• There has been a rise in demand for IFM owing to increasing popularity of smart buildings and cloud-based solutions.
• With growing popularity of IFM services, countries in Asia Pacific such as India, China, and Japan are expected to witness potential growth opportunities.
• The market in the U.S. is projected to expand at a CAGR of 4.2% through 2031, and is expected to continue its dominance over the coming years.
• The market in China and India is expected to progress at impressive CAGR of 4.8% and 5.3%, respectively, through 2031.

"Growing popularity of smart buildings is anticipated to drive demand for IFM in mature markets," says a Persistence Market Research analyst.

For In-Depth Competitive Analysis, Buy Now @ https://www.persistencemarketresearch.com/checkout/3388

COVID-19 Pandemic Impact Analysis

The COVID-19 pandemic outbreak has disrupted many industries, including the integrated facility management market. The spread of COVID-19 has affected industries in Europe, Asia, and North America, and partially in the Middle East, Africa, and Latin America.

A lot of industry verticals have been affected during the pandemic. However, there has been a positive impact on the adoption of IFM solutions and services during this crisis. Increase in demand for all facilities under one platform is anticipated to drive market growth. However, factors such as higher cost of management are anticipated to hamper market growth to some extent.

Key Players :

• CBRE
• Compass Group
• ISS
• JLL
• Sodexo
• Broadcom
• IBM Corporation
• Oracle Corporation
• Accruent
• MRI Software LLC

Market Drivers

• Increasing focus on optimization of processes and reduction in operating costs
• Growth in commercial and residential real estate
• Smart buildings driving demand for IFM solutions and services
• Rise in demand for high-quality workplace experiences and reduced operating costs

Find More Valuable Insights

Persistence Market Research puts forward an unbiased analysis of the global Integrated Facility Management market, providing historical demand data (2016-2020) and forecast statistics for the period 2021-2031.

To understand the opportunities in this space, the market is segmented on the basis of solution (integrated facility management (IFM) platforms (cloud-based and on-premise) and services, (professional services, facilities management services, consulting services, integration & implementation services, and support & maintenance), managed services), enterprise size (SMEs and large enterprises), and industry (government, manufacturing, healthcare, retail & CPG, IT & telecom, education, BFSI, travel & hospitality, and others), across six major regions of the world.

Request For Report Customization @ https://www.persistencemarketresearch.com/request-customization/3388

Trending Reports -

Enterprise Digital Rights Management Edrm Market - https://www.persistencemarketresearch.com/market-research/enterprise-digital-rights-management-edrm-market.asp

Connected Home Security Market - https://www.persistencemarketresearch.com/market-research/connected-home-security-market.asp

Business Continuity Management Planning Solution Market - https://www.persistencemarketresearch.com/market-research/business-continuity-management-planning-solution-market.asp

Compact Inverter Technology Market - https://www.persistencemarketresearch.com/market-research/compact-inverter-technology-market.asp

About us:
Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. Persistence Market Research boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients' business needs.

Contact us:

Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Integrated Facility Management Market Insights, Growth, Emerging Trends And Forecast [ 2023-2033] here

News-ID: 2907823 • Views:

More Releases from Persistence Market Research

Fruit Ingredients Market to Reach US$ 111.3 Bn by 2032, Driven by Rising Health Trends
Fruit Ingredients Market to Reach US$ 111.3 Bn by 2032, Driven by Rising Health …
Overview of the Global Fruit Ingredients Market The global fruit ingredients market is witnessing significant growth, driven by rising consumer demand for natural, clean-label, and nutrient-rich food products. In 2025, the market is likely to be valued at US$ 75.0 billion and is expected to reach US$ 111.3 billion by 2032, registering a robust CAGR of 5.8% during the forecast period. Fruit ingredients, which include fruit concentrates, purees, powders, and extracts,
Vegan Dessert Market to Reach US$ 11.9 Bn by 2032, Driven by Rising Health & Plant-Based Demand
Vegan Dessert Market to Reach US$ 11.9 Bn by 2032, Driven by Rising Health & Pla …
Overview of the Market The global vegan dessert market is poised for significant expansion, with an estimated valuation of US$ 5.2 billion in 2025, projected to reach US$ 11.9 billion by 2032. This robust growth reflects a compound annual growth rate (CAGR) of 11.7% during the forecast period from 2025 to 2032. Increasing consumer awareness about health, environmental sustainability, and ethical food consumption is driving the widespread adoption of vegan dessert
Instant Beverage Premix Market to Reach US$148.3 Bn by 2032 Driven by Convenience & Demand
Instant Beverage Premix Market to Reach US$148.3 Bn by 2032 Driven by Convenienc …
Overview of the Global Instant Beverage Premix Market The global instant beverage premix market has witnessed remarkable growth over the past decade, driven by evolving consumer lifestyles and increasing demand for convenient, ready-to-consume beverages. Instant beverage premixes, encompassing products such as instant coffee, tea, flavored drinks, protein powders, and nutritional supplements, cater to busy consumers seeking quick preparation without compromising on taste or nutritional value. These premixes have gained popularity across
Dermacosmetics Market to Reach US$ 87.3 Bn by 2032 at 7.4% CAGR: Persistence Market Research
Dermacosmetics Market to Reach US$ 87.3 Bn by 2032 at 7.4% CAGR: Persistence Mar …
The global dermacosmetics market, estimated at US$ 53 billion in 2025, is forecasted to witness a steady upward trajectory, expanding at a Compound Annual Growth Rate (CAGR) of 7.4% to reach US$ 87.3 billion by 2032. This surge is driven by a confluence of factors ranging from increasing consumer awareness and the rising incidence of skin conditions to a growing preference for advanced, dermatologist-backed skincare solutions. Dermacosmetics, a category that

All 5 Releases


More Releases for IFM

Integrated Facility Management (IFM) Market: A Compelling Long-Term Growth Story
Global Integrated Facility Management (IFM) Market Report from AMA Research highlights deep analysis on market characteristics, sizing, estimates and growth by segmentation, regional breakdowns & country along with competitive landscape, player's market shares, and strategies that are key in the market. The exploration provides a 360° view and insights, highlighting major outcomes of the industry. These insights help the business decision-makers to formulate better business plans and make informed decisions
Identify Hidden Opportunities of Integrated Facility Management (IFM) Market
HTF Market Intelligence added research publication document on Integrated Facility Management (IFM) - Global Market breaking major business segments and highlighting wider level geographies to get deep dive analysis on market data. The study is a perfect balance bridging both qualitative and quantitative information of Integrated Facility Management (IFM) - market. The study provides valuable market size data for historical (Volume** & Value) from 2014 to 2018 which is estimated
Global Time-of-flight Camera Market Insights 2018-2025 : SoftKinetic , Microchip …
The global "Time-of-flight Camera market" report offers the analyzed data of the Time-of-flight Camera market in categorized view. The Time-of-flight Camera market offers a common platform with multiple opportunities to many firms, associations, industries, and other products and services providers SoftKinetic (Sony), Microchip Technology, IFM Electronic GmbH, PrimeSense (Apple), MESA (Heptagon), Melexis, ifm Electronic, Teledyne, Odos-imaging, LMI Technologies, Fastree3D, Texas Instruments, STMicroelectronics, PMD Technologies, Infineon, Canesta (Microsoft), Espros Photonics, TriDiCam
Global Integrated Facility Management (IFM) Market Status, Demand, Trends and Fo …
An up-to-date research report has been disclosed by Market Research Hub highlighting the title “Global Integrated Facility Management (IFM) Market” which provides an outlook for current market value as well as the expected growth of Integrated Facility Management (IFM) during 2018-2025. The report studies the casing heads market worldwide, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, size, growth, revenue, consumption, import and export in
Trend Expected to Guide IFM Market by 2020
Some of the leading companies operating in global integrated facility management (IFM) market include, Archibus, Ca Technologies, Esri, General Electric, IBM, Johnson Controls, Inc., Manhattan Software, Oracle Corporation, SAP AG, and Siemens AG An integrated facility management system is an information technology (IT) based fiscal and financial management system which is use by many private firms, public firms and government entities to commence, spend and supervise their financial statement. It also
Future of Global Integrated Facility Management (IFM) Market : 2020
An integrated facility management system is an information technology (IT) based fiscal and financial management system which is use by many private firms, public firms and government entities to commence, spend and supervise their financial statement. It also commences and handles their expenditure, and supervises and reports their financial activities. The various services under this include as design and integration, data migration, deployment, consultancy and managed services. A Sample of this