Global Services to Buildings And Dwellings Market Report By Size, Share And Forecast To 2024-2033

The services to buildings and dwellings market size has grown strongly in recent years. It will grow from $1033.43 billion in 2023 to $1136.04 billion in 2024 at a compound annual growth rate (CAGR) of 9.9%. The growth in the historic period can be attributed to construction and real estate boom, urbanization, population growth, property ownership.

The services to buildings and dwellings market size is expected to see strong growth in the next few years. It will grow to $1639.23 billion in 2028 at a compound annual growth rate (CAGR) of 9.6%. The growth in the forecast period can be attributed to sustainability and energy efficiency, technology integration, aging infrastructure, remote work and telecommuting. Major trends in the forecast period include smart building technologies, aging infrastructure and renovation, green building practices, property technology (proptech).

Market Overview -
The services to buildings and dwellings refer to those agencies that provide day-to-day property maintenance services to buildings and dwellings. Extermination and pest control firms exterminate and control birds, mosquitoes, rodents, termites, and other insects and pests.

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Increase In Household Pests Expected To Drive Growth In The Services To Building And Dwelling Market
An increase in the incidence of pests and bugs in households is expected to propel the growth of the services to buildings and dwellings market. Pests and bugs such as ants, termites, roaches, and mosquitos amongst others are a cause for concern for people since the hazards these pose such as termites can wreak structural damage that can be expensive to fix while mosquitoes and ticks can act as disease vectors, and result in serious health ailments. Further, other pests such as cockroaches and rodents can spread diseases like salmonella and rat bite fever, as well as cause allergies and asthma, generating demand for buildings and dwelling services. For example, according to the 2021 American Housing Survey (AHS), a survey conducted by the U.S. Census Bureau, a US-based government agency, there have been 2.9 million reported sightings of both roaches and rodents in homes across the US and 14 million of the approximately 124 million occupied housing units in the US reported seeing roaches in their homes during the last 12 months. Therefore, the increase in the incidence of pests and bugs in households is expected to drive the services to buildings and dwellings market going forward.

Competitive Landscape -
Major companies operating in the services to buildings and dwellings market include ABM Industries Inc., Rentokil Initial Plc, BrightView Holdings Inc., Rollins Inc., ServiceMaster Company LLC, TruGreen Inc., Mitie Group PLC, Davey Tree Expert Company, Vonovia SE, Chemed Corp, Collins Building Services Inc., Jones Lang LaSalle Inc., Cushman & Wakefield Plc, CBRE Group Inc., Compass Group plc, Sodexo SA, Aramark Corporation, Mitie Group plc, International Service System World, G4S plc, Allied Universal Security Services LLC., Ugl Engineering Private Limited, ATALIAN Global Services Inc., BGIS Global Integrated Solutions Canada LP, Bilfinger SE, Engie SA, Eurest Services, Facilitysource LLC, GDI Integrated Facility Services Inc., Johnson Controls International plc, KBR Inc., OCS Group Limited, SNC-Lavalin Group Inc., Veolia Environnement SA, Waste Management Inc., Republic Services Inc., Waste Connections Inc., Advanced Disposal Services Inc., Casella Waste Systems Inc. .

Utilizing IOT Technology For Efficient Building And Dwelling Services Management
Companies providing services to buildings and dwellings are increasingly using IoT technology for easy monitoring and maintenance of client sites. IoT helps facility managers to monitor deficiencies in the system and provides information about building and ongoing processes with help of video surveillance and motion sensors. With automation and control connected to a single device and intra-device communication, monitoring and finding issues in the client site becomes easy. IoT devices placed in buildings are programmed to raise red flags upon system failures and enable service providers to respond promptly avoiding major breakdowns. Amazon Web Services (AWS) introduced IoT device management and offers customized software development and systems for the same. This system makes it easy to register, organize, monitor, and remotely manage IoT devices at scale. In this setting, firms can register intra-communication devices individually or in bulk, and manage permissions so that devices remain secure.

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Key Segments -
The services to buildings and dwellings market covered in this report is segmented -
1) By Type: Exterminating And Pest Control Services, Janitorial Services, Landscaping Services, Carpet And Upholstery Cleaning Services, Other Services to Buildings And Dwellings
2) By Mode: Online, Offline
3) By Application: Commercial, Industrial, Governmental, Institutional, Residential, Municipal

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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