Press release
Global Facilities Management Market to Reach USD 165.59 Billion by 2033, Driven by Demand for Value-Added Services and Smart Building Technologies
This strong growth is fueled by the rising demand for value-added services that go beyond traditional maintenance and repairs. In the past, facility management focused mainly on core operational tasks. However, organizations are now looking for service providers that deliver a broader range of benefits, including workplace optimization, space planning, sustainability consulting, energy management, technology integration, and data-driven insights.
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These enhanced services help businesses improve efficiency, reduce costs, boost employee productivity, and create better user experiences. By integrating modern technology and analytics, facility management companies can help organizations make informed decisions, identify trends, and address issues before they escalate. This proactive approach results in smarter resource allocation, cost savings, and improved performance.
A recent example of innovation in the sector is care.ai's October 2023 announcement that it would integrate Google Cloud's generative AI and data analytics into its Smart Care Facility Platform. This collaboration aims to improve healthcare facility operations by reducing administrative tasks, addressing staffing challenges, and allowing healthcare professionals to spend more time with patients.
Regional Landscape section of the Facilities Management Market report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.
The various regions analyzed in the report include:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
The adoption of smart building technologies is also transforming the facilities management landscape. In November 2023, Samsung C&T's property management system announced integration with ABB's home automation technology. This will enable residents in multi-dwelling units to control various systems through a single user interface, enhancing convenience and connectivity.
The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Facilities Management market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic
Some of the key companies in the global Facilities
Management Market include:
IBM Corporation
Oracle Corporation
SAP SE
CBRE Group, Inc.
Jones Lang LaSalle Inc
Trimble Inc.
Nemetschek SE
Fortive
Infor Inc.
MRI Software LLC
Eptura
Planon
Johnson Controls International
Apleona GmbH
Cushman & Wakefield pic
Causeway Technologies Limited
Service Works Global Limited
Facilities Management eXpress LLC.
Archidata International Inc
UpKeep Technologies, Inc
FacilityOne Technologies
OfficeSpace Software, Inc.
Facilio.Inc
efacility
InnoMaint
Nuvolo
QuickFMS
zLink
Smart buildings are equipped with advanced technologies such as sensors, automation systems, and data analytics, which allow for real-time monitoring and control of building functions. These innovations offer multiple benefits, including better energy efficiency, improved space usage, enhanced safety, and predictive maintenance.
Facilities management professionals are leveraging these tools to remotely manage operations, quickly detect inefficiencies, and address potential issues before they become costly problems. Real-time data collection and analysis enable predictive maintenance strategies that reduce downtime, extend asset life, and improve tenant comfort.
The report bifurcates the Facilities Management market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Facility Management Market Market Segmentation Analysis
Offering Outlook (Revenue, USD Billion; 2020-2033)
Solutions
Services
Solution Outlook (Revenue, USD Billion; 2020-2033)
Integrated Workplace Management System
Building Information Modeling
Facility Operations & Security Management
Lighting Control
HVAC Control
Video Surveillance and Access Control
Emergency And Incident Management
Facility Environment Management
Sustainability Management
Waste Management
Facility Property Management
Lease Accounting and Real Estate Management
Asset Management
Workplace and Relocation Management
Reservation Management
Service Outlook (Revenue, USD Billion; 2020-2033)
Professional Services
Deployment And Integration
Consulting
Auditing And Quality Assessment
Support And Maintenance
Service Level Agreement Management
Managed Services
Vertical Outlook (Revenue, USD Billion; 2020-2033)
IT & Tes
Telecom
Banking, Financial Services, & Insurance (BFS)
Healthcare & Life Sciences
Education
Retail
Travel & Hospitality
Manufacturing
Construction & Real Estate
Government & Public Sector
Other Verticals
To know more about the report @ https://www.emergenresearch.com/industry-report/facility-management-market
With technology integration and a focus on sustainable, efficient operations, the facilities management market is expected to continue its strong growth trajectory. Companies that combine operational expertise with smart technologies and value-added services are well-positioned to lead the market in the years ahead.
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