Press release
Major Market Shift in Facilities Support Services Industry: Embracing Technology For Enhanced Recruitment And Candidate Management In Facilities Support Activities
The market size of facilities support services has seen significant growth in the past few years. It is projected to rise from $185.62 billion in 2024 to $204.08 billion in 2025, with a compound annual growth rate (CAGR) of 9.9%. The historical growth in this market can be ascribed to the focus on core competencies, increasing trend towards outsourcing, cost effectiveness, and technological progress.
The market size for facilities support services is projected to experience significant expansion in the forthcoming years, swelling to $294.37 billion by 2029, signifying a compound annual growth rate (CAGR) of 9.6%. This expected growth in the prediction phase is linked to factors such as health and safety compliance, aging infrastructure, energy efficiency, and economic recovery. The key trends for the forecast period include a focus on sustainability and eco-friendly practices, the adoption of smart building technology, remote monitoring and administration, digital transformation, and issues related to cybersecurity.
What Factors Are Propelling the Expansion of the Facilities Support Services Market?
The increase in multinational corporations (MNCs) has been instrumental in the expansion of the facilities support services market. An MNC, which is a sizeable corporation with operations in its home country and the offering or selling of goods or services in multiple countries, often has a base in several countries and regions. Managing facilities spread across many locations may be daunting and intricate. Providers of facilities support services present a catch-all solution for MNCs to sustain and govern their facilities uniformly across varied geographical regions. This results in streamlined operations and an assurance of consistent standards in facility management. For example, data from the Australian Bureau of Statistics, a national statistics organization in Australia, showed that new business registrations in 2023-2024 went up by 436,018, surpassing the rise in the previous year of 406,365 businesses in 2022-2023. Hence, the surge in multinational corporations (MNCs) is fuelling the growth of the facilities support services market.
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Which Businesses Are at the Forefront of Facilities Support Services Market Development?
Major companies operating in the facilities support services market include 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 Environnement SA.
What Are the Latest Innovations in the Facilities Support Services Market?
Companies providing support for facilities are steadily adopting technology to streamline their recruitment and candidate management processes. Available technologies include features like tracking of passive activity, email platform integration, and maintenance of candidate databases. Such advancements not only minimize the recruitment timeframe but also enhance the quality of placements and bolster client relationships. Recruitment analytics software offers valuable business intelligence for employment agencies. To illustrate, 64% of companies in North America use technologies such as Applicant Tracking System (ATS) to monitor candidate activities, while about 60% use a Customer Relationship Management (CRM) system to drive business growth.
How Is the Facilities Support Services Market Segmented?
The facilities support services market covered in this report is segmented -
1) By Type: Maintenance Services, Security And Guard Services, Reception Services, Other Facilities Support Services
2) By Mode: Online, Offline
3) By Deployment Type: On-Premise, Cloud
Subsegments:
1) By Maintenance Services: Building Maintenance, Electrical Maintenance, HVAC Maintenance, Plumbing Maintenance, Elevator Maintenance
2) By Security And Guard Services: On-site Security Guards, CCTV Monitoring, Access Control Services, Event Security Services
3) By Reception Services: Front Desk Management, Visitor Management, Concierge Services
4) By Other Facilities Support Services: Cleaning And Janitorial Services, Waste Management Services, Landscaping Services, Pest Control Services, Catering And Vending Services
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Where Is the Facilities Support Services Market Growth Most Prominent?
Western Europe was the largest region in the facilities support services market in 2023. Asia-Pacific was the second-largest region in the facilities support services market. The regions covered in the facility support services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Is Covered In The Facilities Support Services Global Market Report?
- Market Size Analysis: Analyze the Facilities Support Services Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Facilities Support Services Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Facilities Support Services Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Facilities Support Services Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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