Facility Management Services Market Size To Grow At A CAGR Of 5.90% In The Forecast Period Of 2023-2028
According to a new report by Expert Market Research titled, "Facility Management Services Market Size, Share, Analysis, Report and Forecast 2023-2028″,the facility management services market reached a value of USD 1372.12 billion in 2022. Aided by the escalating demand for streamlined and efficient facility operations and the rising application of facility management services across various industries, the market is projected to further grow at a CAGR of 5.90% between 2023 and 2028 to reach a value of USD 1916.47 billion by 2028.
Facility management services encompass a broad spectrum of services, ranging from property management, janitorial services, security and surveillance, maintenance, to HVAC services. These services are tailored towards ensuring the efficient functioning of a business's physical environment. They play an indispensable role in enhancing business efficiency, guaranteeing regulatory compliance, and augmenting the wellbeing and productivity of employees.
Get a Free Sample Report with Table of Contents@ https://bityl.co/LN8O
A primary driver of the global facility management services market growth is the burgeoning corporate emphasis on maintaining efficient and well-managed working environments. With businesses increasingly recognising the impact of a well-maintained facility on employee productivity, morale, and overall business efficiency, there has been a perceptible shift towards outsourcing facility management services. Moreover, the emerging trend of adopting smart buildings and sustainable practices has further amplified the demand for these services, as they are integral to the efficient operation and upkeep of such infrastructures.
The widening applications of facility management services in diverse sectors us also boosting the facility management services market expansion. In the commercial sector, services such as cleaning, security, and property management are extensively outsourced to ensure seamless business operations. In industrial contexts, maintenance services are crucial to keep machinery and equipment in prime working condition. The healthcare sector, on the other hand, leverages these services for the efficient management of large hospital facilities, thereby ensuring cleanliness, safety, and proficient patient care, increasing the facility management services market demand.
Furthermore, the escalating demand for cost-efficiency and focus on core business operations have culminated in increased outsourcing of facility management services. The integration of advanced technologies like IoT, AI, and predictive analytics in facility management has facilitated better service delivery, real-time monitoring, and proactive maintenance, thereby accelerating the facility management services market development.
The market is further being driven by end users' rising acceptance of cloud-based facility management systems due to factors including accessibility, increased security, cost savings, and disaster-proof benefits, among others, thus propelling the facility management services market growth.
Read Full Report with Table of Contents@ https://bityl.co/LN8N
Facility Management Services Market Segmentation
The market can be divided based on service, type, end use, and region.
Market Breakup by Service
Energy and Utilities
Maintenance Planning and Control
Market Breakup by Type
Market Breakup by End Use
Market Breakup by Region
Middle East and Africa
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global facility management services companies. Some of the major key players explored in the report by Expert Market Research are as follows:
Compass Group PLC
Jones Lang LaSalle (JLL)
Dusters Total Solutions Services Private Limited
BVG India Limited
Facility Services Management, Inc.
Cushman & Wakefield, Inc.
Mace Group I.C.S Limited
Flexim Group SA
Read More Reports
3d Concrete Printing Market: https://bit.ly/44Cj0Jn
Nand Flash Memory Market: https://bit.ly/3szahdo
Heat Treating Market: https://bit.ly/3P6AXd5
Hardware In The Loop Market: https://bit.ly/44KMMvr
Offshore Drilling Rigs Market: https://bit.ly/44Com7m
South Korea Bath Products Market: https://bit.ly/3LiFXKE
Textile Recycling Market: https://bit.ly/3r3mRl3
Enterprise Asset Management Market: https://bit.ly/3RjSO3a
Clove Cigarettes Market: https://bit.ly/44PH63l
Saudi Arabia r-PET Flakes Market: https://bit.ly/3PCs38K
Company Name: Claight Corporation
Contact Person: Christopher, Corporate Sales Specialist - U.S.A.
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gloud Street, Sheridan, WY 82801, USA
Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.
Our high-quality, data-driven analyses provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.
Don't miss the opportunity to elevate your business intelligence and fortify your strategic planning. Secure your organisation's future success by acquiring one of our Expert Market Research reports today.
This release was published on openPR.
Permanent link to this press release:
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 Facility Management Services Market Size To Grow At A CAGR Of 5.90% In The Forecast Period Of 2023-2028 here
News-ID: 3226801 • Views: 235
More Releases from Expert Market Research
Crude Oil Market Size, Share, Industry Trends, Price, Growth, Analysis, Outlook, …
Crude Oil Market Outlook According to a comprehensive report by Expert Market Research (EMR), the global crude oil market is anticipated to witness substantial growth, with a projected CAGR of 0.9% between 2024 and 2032. This surge can be attributed to various factors, including geopolitical dynamics, technological advancements in extraction methods, and the persistent global demand for energy. The crude oil market plays a pivotal role in powering diverse sectors, ranging from
Europe Beer Processing Market Size, Share, Industry Trends, Price, Growth, Analy …
Europe Beer Processing Market Outlook As per Expert Market Research (EMR) analysis, the Europe Beer Processing market is poised for substantial growth, with a projected CAGR of 4.8% between 2024 and 2032. This growth is fueled by evolving consumer preferences, a thriving craft beer movement, and continuous innovations in brewing technologies across the European region. Get a Free Sample Report with Table of Contents: https://www.expertmarketresearch.com/reports/europe-beer-processing-market/requestsample Beer, a quintessential beverage deeply entrenched in European
Unlocking Growth: Insights into Indonesia's Cold Chain Logistics Market Dynamics …
Indonesia Cold Chain Logistics Market Outlook: In the archipelago of Indonesia, where tropical climates prevail, the cold chain logistics market has emerged as a crucial player, ensuring the seamless transportation and storage of temperature-sensitive goods. According to recent data from Expert Market Research, the Indonesia cold chain logistics market reached a substantial value of USD 4.72 billion in 2023. Projections indicate a robust growth trajectory, with an estimated Compound Annual Growth
Global Animal Feed Micronutrients Market Size, Share, Growth, Report and Forecas …
According to the report by Expert Market Research (EMR), the Global Animal Feed Micronutrients Market Size is projected to grow at a CAGR of 6.20% between 2024 and 2032. Aided by the escalating demand for high-quality animal products and the intensifying need for enhanced animal health, the market is expected to grow significantly by 2032. Animal feed micronutrients, such as zinc, iron, copper, and vitamins, play a crucial role in the
More Releases for Services
Electrical Services Market Next Big Thing | Major Giants SSI Electrical Services …
A new business intelligence report released by AMA with title "Electrical Services Market" has abilities to raise as the most significant market worldwide as it has remained playing a remarkable role in establishing progressive impacts on the universal economy. The Global Electrical Services Market Report offers energetic visions to conclude and study market size, market hopes, and competitive surroundings. The research is derived through primary and secondary statistics sources and
AC Services & Repair, Refrigerator Services & Repair, Washing Machine Services & …
Kunal Repair & Services is growing on-demand home services platform in India and we are currently operating in Gurgaon. We offer an array of services which include AC Services & Repair, Refrigerator Services & Repair, Washing Machine Services & Repair, R.O Services & Repair, Microwave Services & Repair, Geyser Services & Repair. Our operating philosophy for solving this massive problem is - Right price. To know why we do what we
Electrical Services Market Technology and Outlook 2023 Top Companies are Allianc …
A report added to the rich database of Qurate Business Intelligence, titled “Global Electrical Services Market Size, Status and Forecast 2023”, provides a 360-degree overview of the worldwide market. Approximations associated with the market values over the forecast period are based on empirical research and data collected through both primary and secondary sources. The authentic processes followed to exhibit various aspects of the market makes the data reliable in context
Electrical Services Market Size 2018: Alliance Electrical Services, Housejoy, Te …
In 2017, the global Electrical Services market size was million US$ and it is expected to reach million US$ by the end of 2025, with a CAGR of during 2018-2025. This report focuses on the global Electrical Services status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Electrical Services development in United States, Europe and China. Get Sample Copy of this report @ http://www.orbisresearch.com/contacts/request-sample/2311492
Global Electrical Services Market 2018 Key Players: Alliance Electrical Services …
Electrical Services Market: WiseGuyReports.com adds “Electrical Services Market 2018 Global Analysis, Growth, Trends and Opportunities Research Report Forecasting to 2025”reports to its database. Executive Summary This report studies the global Electrical Services market, analyzes and researches the Electrical Services development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market, like Alliance Electrical Services Housejoy Texas Electrical Services Able Electrical Services Wyer Electrical Services SSI Electrical
Dental Services Market: Coast Dental Services, Pacific Dental Services
HTF MI published a new industry research that focuses on Dental Services market and delivers in-depth market analysis and future prospects of Global Dental Services market. The study covers significant data which makes the research document a handy resource for managers, analysts, industry experts and other key people get ready-to-access and self-analyzed study along with graphs and tables to help understand market trends, drivers and market challenges. The study is