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Computer Aided Facility Management (CAFM) Market Forecast 2025-2034: Comprehensive Analysis And Growth Opportunities
Computer Aided Facility Management (CAFM) Market
What Is the Projected Growth of the Computer Aided Facility Management (CAFM) Market?
The computer-aided facility management (CAFM) market has grown strongly in recent years. It will increase from $1.15 billion in 2024 to $1.26 billion in 2025, reflecting a CAGR of 9.9%. Growth in this market is driven by the integration of building information modeling (BIM), a greater focus on sustainability and energy efficiency, demand for centralized facility management, and advancements in sensors and IoT devices.
The computer-aided facility management (CAFM) market is expected to grow to $1.82 billion by 2029, at a CAGR of 9.6%. Growth drivers include the adoption of AI and machine learning, smart building initiatives, demand for cloud-based facility management, focus on remote monitoring, and the integration of augmented and virtual reality tools. Trends include predictive maintenance, blockchain for secure data management, mobile-first applications, IoT integration, and data analytics.
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What Are the Different Computer Aided Facility Management (CAFM) Market Segments?
The computer aided facility management (CAFM) market covered in this report is segmented -
1) By Component: Solution, Services
2) By Deployment: On-Premises, Cloud
3) By Industry: IT And Telecom, Banking, Financial Services, and Insurance(BFSI), Manufacturing, Energy And Utilities, Government And Defense, Healthcare And Life Sciences, Retail And CPG, Transportation And Logistics, Other Industries
Subsegments:
1) By Solution: Facility Management Software, Maintenance Management Solutions, Space Management Solutions, Asset Management Solutions, Energy Management Solutions, Workplace Management Solutions, Real Estate Management Solutions, Integrated Building Management Systems (Bms)
2) By Services: Consulting Services, Implementation And Integration Services, Training And Support Services, Managed Services, System Customization Services, Cloud Hosting And Saas Solutions, Data Analytics And Reporting Services
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What Are the Primary Drivers Shaping the Computer Aided Facility Management (CAFM) Market?
The rising popularity of virtual workplaces is expected to enhance the computer-aided facility management market. Virtual workplaces, where employees work remotely using digital tools, are gaining traction due to flexible work demands. Computer-aided facility management (CAFM) systems support remote collaboration and coordination of facility tasks. According to the U.S. Bureau of Labor Statistics in April 2023, the percentage of U.S. establishments with teleworking employees increased from 37.4% in 2021 to 42.2% in 2022. Therefore, the increasing use of virtual workplaces is driving the CAFM market.
Which Companies Are Leading in the Computer Aided Facility Management (CAFM) Market?
Major companies operating in the computer aided facility management (CAFM) market are International Business Machines Corporation, Schneider Electric SE, Fortive Corporation, Bentley Systems, Eptura, Brightly Inc., Planon Corporation, Focus Softnet Pvt. Ltd., Idox plc, ServiceChannel Inc., Ramco Systems Ltd., SelectHub, AssetWorks Inc., Verve Systems Private Limited, Facilities Management eXpress (FMX), eMaint Enterprises LLC., Fracttal Tech S.L, Updater Services Limited, CMMS Data Group Inc., VLogic Systems Inc., MicroMain Corporation, Velosi Asset Integrity Ltd., Cryotos Solutions Private Limited, eFacility Inc., MPulse Software Inc.
What Trends Are Expected to Dominate the Computer Aided Facility Management (CAFM) Market in the Next 5 Years?
Companies in the computer-aided facility management market are integrating artificial intelligence into their solutions to improve operational efficiency and decision-making. For example, in March 2024, Auberon Technologies Private Limited, an India-based company, launched Optima, an AI-driven third-generation CAFM solution. This platform offers advanced service management features that optimize service delivery and enhance customer satisfaction through detailed SLA tracking.
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What Are the Top Revenue-Generating Geographies in the Computer Aided Facility Management (CAFM) Market?
North America was the largest region in the computer aided facility management (CAFM) market in 2024. The regions covered in the computer aided facility management (CAFM) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Computer Aided Facility Management (CAFM) Market?
2. What is the CAGR expected in the Computer Aided Facility Management (CAFM) Market?
3. What Are the Key Innovations Transforming the Computer Aided Facility Management (CAFM) Industry?
4. Which Region Is Leading the Computer Aided Facility Management (CAFM) Market?
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