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Facilities Support Services Market 2024 Future Outlook, Competitive Landscape, Industry Insights And Forecast To 2033
Facilities Support Services Market
The Business Research Company's Facilities Support Services Global Market Report 2024 identifies Construction Sector's Robust Growth as the major driver for the Facilities Support Services Market's growth in the forecast period. The increasing demand for construction sector is expected to propel the growth of the facilities support services market going forward. The construction sector, also known as the construction industry or building industry, refers to the collection of businesses, organizations, and professionals involved in the planning, design, development, construction, renovation, and maintenance of buildings, infrastructure, and other structures. The construction sector contributes to the growth of the facilities support services by creating demand for services related to new construction, renovations, maintenance, and the management of various types of facilities.
The facilities support services market size has grown rapidly in recent years. It will grow from $182.74 billion in 2023 to $201.63 billion in 2024 at a compound annual growth rate (CAGR) of 10.3%. The growth in the historic period can be attributed to focus on core competencies, outsourcing trend, cost efficiency, technological advancements.
The facilities support services market size is expected to see rapid growth in the next few years. It will grow to $297.16 billion in 2028 at a compound annual growth rate (CAGR) of 10.2%. The growth in the forecast period can be attributed to health and safety compliance, aging infrastructure, energy efficiency, economic recovery. Major trends in the forecast period include sustainability and green practices, smart building technology, remote monitoring and management, digital transformation, cybersecurity concerns.
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Major competitors in the Facilities Support Services Market are Jones Lang LaSalle Inc., Sodexo, CBRE Group, ISS A/S, Cushman & Wakefield Inc., Atalian Servest Group Limited, Emcor Group, Alstom SA, ABM Industries Inc., Grupo ACS., ABM Industries Inc., Aramark Corporation, Compass Group PLC, Group 4 Securicor PLC, International Service System World, Mitie Group PLC, United Group Limited, Allied Universal, Anixter International Inc., ATALIAN Global Services Inc., BGIS Global Integrated Solutions Canada LP, Bilfinger SE, Colliers International Group Inc., DTZ Investment Management Limited, ENGIE SA, Eurest Services, Inc., FacilitySource LLC, GDI Integrated Facility Services Inc., Groupe CRIT SA, Johnson Controls International PLC, KBR Inc., OCS Group Limited, SNC-Lavalin Group Inc., Veolia Environment SA.
A key trend in the Facilities Support Services Market includes Innovative Solutions. Major companies operating in the facilities support services market are innovating new solution platforms such as Spacewell Maintenance to increase their profitability in the market. Spacewell Maintenance is a new software platform that offers a complete answer for managing and planning building maintenance. For instance, in May 2023, Spacewell, a Belgium-based software and technology company, launched Spacewell Maintenance. The platform is intended to assist organizations of all kinds, from tiny companies to huge corporations, in streamlining their maintenance processes, cutting expenses, and maintaining compliance. Three items make up the solution. Planning, Managing, and Complying with Maintenance.
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The Facilities Support Services Market is segmented -
1) By Type: Maintenance Services, Security & Guard Services, Reception Services, Other Facilities Support Services
2) By Mode: Online, Offline
3) By Deployment Type: On-Premise, Cloud
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Western Europe was the largest region in the Facilities Support Services Market.
The Business Research Company's "Global Facilities Support Services Market Report 2024" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Facilities Support Services Market Include:
1. Executive Summary
2. Facilities Support Services Market Characteristics
3. Facilities Support Services Product/Service Analysis -Product/Service Examples
4. Facilities Support Services Market Trends And Strategies
5. Facilities Support Services Market - Macro Economic Scenario
……
68. Global Facilities Support Services Market Competitive Benchmarking
69. Global Facilities Support Services Market Competitive Dashboard
70. Key Mergers And Acquisitions In The Facilities Support Services Market
71. Facilities Support Services Market Future Outlook and Potential Analysis
72. Appendix
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