Facilities Support Services Market Expansion Continues, with Forecast Valuation of $294.36 Billion by 2029

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Facilities Support Services Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The size of the facilities support services market has seen noticeable growth in the last few years. Predictions indicate a growth from $185.62 billion in 2024 to $204.08 billion in 2025, with a compound annual growth rate (CAGR) of 9.9%. The reasons for this historic growth include emphasis on core competencies, the trend of outsourcing, cost effectiveness, and advancements in technology.

Facilities Support Services Market Size Forecast: What's the Projected Valuation by 2029?
In the coming years, the market size for facilities support services is projected to experience significant growth, reaching $294.37 billion in 2029 with a compound annual growth rate (CAGR) of 9.6%. The anticipated growth during the forecasted period is attributed to factors such as compliance with health and safety regulations, aging infrastructure, energy efficiency, and economic recovery. The major market trends during this period are expected to involve sustainability and green practices, smart building technology, remote monitoring and management, digital transformation, and concerns around cybersecurity.

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What Are the Drivers Transforming the Facilities Support Services Market?
The proliferation of multinational corporations (MNCs) is a driving force behind the expansion of the facilities support services market. MNCs are extensive enterprises operating in their originating country while also producing or selling goods and services in multiple other nations. These corporations often establish a presence in several countries and regions. The challenging task of managing facilities spread over several locations becomes simpler with the support of facilities support services providers. These providers give MNCs a unified solution for consistently maintaining and managing their facilities across diverse geographies, thus making operations simpler and ensuring uniform facility management standards. As an example, the Australian Bureau of Statistics, a national statistical agency based in Australia, reported that the count of new business registrations in the period 2023-2024 grew by 436,018, surpassing the prior year's growth of 406,365 businesses in 2022-2023. Therefore, the increasing count of multinational corporations is a catalyst for the growth of the facilities support services market.

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What Long-Term Trends Will Define the Future of the Facilities Support Services Market?
There is a growing trend among companies in the facilities support activities sector towards the use of technology for efficient candidate recruitment and management. The various features offered by these technologies include tracking of passive activities, integration with email systems and maintenance of candidate databases, which significantly expedite the recruitment process, enhance placement quality and fortify client relationships. Recruitment analytics software is also emerging as a go-to tool for staffing agencies to gain valuable business insights. For instance, in North America, technologies such as Applicant Tracking System (ATS) and Customer Relationship Management (CRM) system are being utilised by 64% and 60% of firms respectively for tracking candidate activity and business growth.

Which Segments in the Facilities Support Services Market Offer the Most Profit Potential?
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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Which Firms Dominate the Facilities Support Services Market by Market Share and Revenue in 2025?
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.

Which Regions Offer the Highest Growth Potential in the Facilities Support Services Market?
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.

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