Facility Management Market worth $95.88 billion by 2030, growing at a CAGR of 13.85% - Exclusive Report by 360iResearch

The "Facility Management Market by Solutions (Building Information Modelling, Facility Environment Management, Facility Operations & Security Management), Services (Managed Services, Professional Services), Deployment, Vertical - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Facility Management Market to grow from USD 38.66 billion in 2023 to USD 95.88 billion by 2030, at a CAGR of 13.85%.

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Facility management is a comprehensive, multidisciplinary field that focuses on creating and maintaining an efficient, safe, and sustainable organizational environment. It encompasses various disciplines such as space planning, maintenance & repair, cleaning services, energy management, security systems integration, and environmental stewardship. In recent years, technological advances have driven significant changes in facility management by adopting Building Information Modeling (BIM), enabling facility managers with better tools to visualize and manage building data throughout its lifecycle. In addition, implementing Internet of Things (IoT) devices enables real-time monitoring of building systems and equipment, leading to substantial energy savings and improved occupant comfort. Furthermore, automation software reduces manual labor requirements while increasing efficiency in daily operations. The stringent requirements to maintain environmental and regulatory compliance of commercial facilities are driving the demand for facility management solutions. Moreover, the adoption of integrated facility management has surged in recent years for efficiently and optimally managing commercial spaces and workplace facilities. However, the limited expertise in deploying and maintaining advanced facility management solutions may hinder market development. In recent years, several significant new developments have shaped the facility management market, including advances in technology and shifts in workplace utilization. The emerging trend of connected buildings is expected to provide significant penetration opportunities for facility management solutions and services.

In the Americas, increasing demand for outsourcing facility management services coupled with the adoption of advanced technologies such as IoT and AI-driven solutions has resulted in significant adoption of facility management solutions & services. The United States showcases significant market growth due to substantial investments in smart buildings and implementing sustainability initiatives. In APAC, countries including China, Japan, and India are driving market growth owing to rapid urbanization, growing infrastructure requirements, and rising emphasis on cost optimization. The EMEA region observes an increased adoption of integrated facility management systems focusing on energy efficiency in response to stringent environmental regulations. Growth in the commercialized spaces in the EMEA region offers potential for the facility management market.

Market Segmentation & Coverage:

This research report categorizes the Facility Management Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Solutions, market is studied across Building Information Modelling, Facility Environment Management, Facility Operations & Security Management, Facility Property Management, and Integrated Workplace Management System. The Facility Operations & Security Management is further studied across Emergency Management, HVAC Control, Light Control, and Surveillance & Access Control. The Facility Property Management is further studied across Lease Accounting and Reservation Management. The Building Information Modelling is projected to witness significant market share during forecast period.

Based on Services, market is studied across Managed Services and Professional Services. The Professional Services is projected to witness significant market share during forecast period.

Based on Deployment, market is studied across Cloud and On-Premises. The On-Premises is projected to witness significant market share during forecast period.

Based on Vertical, market is studied across Banking, Financial Services, & Insurance, Construction & Real Estate, Education, Energy & Utilities, Government & Public Administration, Healthcare, IT & Telecom, Manufacturing, and Retail & Consumer Goods. The Construction & Real Estate is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 36.93% in 2023, followed by Americas.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Facility Management Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Facility Management Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Facility Management Market, highlighting leading vendors and their innovative profiles. These include AHI Facility Services, Inc., Aramark Corporation, Archibus, Inc., Atalian Servest Group Ltd., Causeway Technologies Limited, CBRE Group, Inc., Compass Group PLC, Cushman & Wakefield PLC, Dussmann Group, Emeric Facility Services, Facilities Management Express, LLC, Fexa, Flexim International SA, Guardian Service Industries, Inc., Infor Equity Holdings LLC, International Business Machines Corporation, ISS Facility Services, Inc., Johnson Controls International PLC, Jones Lang LaSalle Incorporated, Mace Group, MRI Software, LLC, Oracle Corporation, Planon Group, SAP SE, Service Works Global Ltd by Addnode Group, Shine Management & Facility Services, SMI Facility Services, Sodexo, Inc., Spacewell International NV, and Trimble Inc..

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Facility Management Market, by Solutions
7. Facility Management Market, by Services
8. Facility Management Market, by Deployment
9. Facility Management Market, by Vertical
10. Americas Facility Management Market
11. Asia-Pacific Facility Management Market
12. Europe, Middle East & Africa Facility Management Market
13. Competitive Landscape
14. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Facility Management Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Facility Management Market?
3. What is the competitive strategic window for opportunities in the Facility Management Market?
4. What are the technology trends and regulatory frameworks in the Facility Management Market?
5. What is the market share of the leading vendors in the Facility Management Market?
6. What modes and strategic moves are considered suitable for entering the Facility Management Market?

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