Press release
Multinational Companies Fueling The Growth Of Facilities Support Services Market: Key Factor Driving The Growth In The Facilities Support Services Market
Facilities Support Services
What Is the Expected Facilities Support Services Market Size During the Forecast Period?
The facilities support services market has grown substantially in recent years. It will increase from $185.62 billion in 2024 to $204.08 billion in 2025, at a CAGR of 9.9%. This growth is driven by the focus on core competencies, the outsourcing trend, cost efficiency, and technological advancements.
The facilities support services market is expected to experience strong growth in the coming years. It will grow to $294.37 billion in 2029, at a compound annual growth rate (CAGR) of 9.6%. Growth drivers include health and safety compliance, aging infrastructure, energy efficiency, and economic recovery. Key trends include sustainability practices, smart building technology, remote monitoring, digital transformation, and cybersecurity concerns.
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What Are the High-Growth Segments in the Facilities Support Services Market?
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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What Key Drivers Are Expected to Influence Future Facilities Support Services Market Growth?
The growing number of multinational corporations (MNCs) is contributing to the expansion of the facilities support services market. MNCs operate across multiple countries, creating complex facility management needs. Facilities support service providers offer solutions to help MNCs maintain their facilities consistently. For example, new business registrations in Australia grew significantly in 2023-2024, supporting the demand for facility management services. Therefore, the rising number of MNCs is driving the growth of the facilities support services market.
Which Companies Hold the Largest Share Across Different Facilities Support Services Market Segments?
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 Trends Are Driving Growth in The Facilities Support Services Market?
Companies in facilities support activities are leveraging technology to streamline recruitment and candidate management. Tools like applicant tracking systems (ATS) and customer relationship management (CRM) software are widely used to improve hiring efficiency. In North America, 64% of firms use ATS tools, while about 60% rely on CRM systems for business development.
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What Are the Emerging Geographies for The Facilities Support Services Market Growth?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Facilities Support Services Market?
2. What is the CAGR expected in the Facilities Support Services Market?
3. What Are the Key Innovations Transforming the Facilities Support Services Industry?
4. Which Region Is Leading the Facilities Support Services Market?
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