Unlocking Opportunities in the Computer Aided Facility Management (CAFM) Market: 2025-2034 Forecast Report

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What Will the Computer Aided Facility Management (CAFM) Industry Market Size Be by 2025?
There has been a robust expansion in the computer aided facility management (CAFM) market in the past few years. The market, which was valued at $1.15 billion in 2024, is projected to reach $1.26 billion in 2025, registering a compound annual growth rate (CAGR) of 9.9%. Factors contributing to this growth in the historical period include the adoption of building information modeling (BIM), a heightened focus on sustainability and energy efficiency, the need for centralized facility management solutions, advancements in sensor and IoT technology, along with the increasing demand for adherence to compliance and regulation.

What's the Long-Term Growth Forecast for the Computer Aided Facility Management (CAFM) Market Size Through 2029?
In the coming years, the market size for computer aided facility management (CAFM) is set to experience significant growth, reaching $1.82 billion in 2029, with a compound annual growth rate (CAGR) of 9.6%. The growth factors in the predicted period include the utilization of artificial intelligence and machine learning applications, the development of smart building initiatives, increased demand for cloud-based facility management solutions, a rising emphasis on remote supervising and managing capabilities, as well as the use of augmented reality and virtual reality technologies in facility management. Main trends for the forecasted period are the introduction of predictive maintenance solutions, the application of blockchain for secure facility data management, the development of mobile-first and user-friendly CAFM applications, the incorporation of Internet of Things (IoT) for immediate asset tracking, and data analytics-driven decision making in facility management.

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What Are the Key Growth Drivers Fueling the Computer Aided Facility Management (CAFM) Market Expansion?
The increasing appeal of digital workspaces is set to drive the progress of the computer-aided facility management (CAFM) market. These digital workspaces provide an environment where employees can connect, communicate and execute work tasks from a distant location, utilizing technology and internet tools. The escalating preference for virtual workplaces stems from the demand for flexible working conditions and the essentiality of remote collaboration. CAFM systems can be accessed from anywhere with internet access, enabling facility managers, administrators, and other related parties to virtually manage and coordinate facility management tasks. For instance, in April 2023, the US Bureau of Labor Statistics, a government entity, reported that establishments with employees teleworking full time saw an increase from 37.4% in 2021 to 42.2% in 2022. Hence, the escalating trend of digital workplaces is fueling the expansion of the computer aided facility management market.

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What Are the Key Trends Driving Computer Aided Facility Management (CAFM) Market Growth?
Leading companies in the computer-aided facility management market are concentrating their efforts on creating solutions that utilize artificial intelligence to stay ahead of the competition. Artificial intelligence (AI) is the machine-based replication of human intelligence processes, incorporating learning, reasoning, and problem-solving abilities. For example, in March 2024, Auberon Technologies Private Limited, a tech company based in India, introduced Optima, a third-generation computer-aided facility management (CAFM) system. Utilizing AI, Optima boosts operational efficiency and refines decision-making capabilities. This latest CAFM tool includes an extensive range of features to improve the productivity and proficiency of asset, facility, and maintenance management. By integrating AI into its service management feature, Optima enhances service delivery and raises customer satisfaction by thorough service level agreement (SLA) monitoring and management.

How Is the Computer Aided Facility Management (CAFM) Market Segmented?
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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Which Companies Are Leading the Charge in Computer Aided Facility Management (CAFM) Market Innovation?
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.

Which Regions Are Leading the Global Computer Aided Facility Management (CAFM) Market in Revenue?
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.

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