Facilities Support Services Market Expected to Achieve 9.5% CAGR by 2029: Growth Forecast Insights

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

How Large Will the Facilities Support Services Market Size By 2025?
In recent years, the market size for facilities support services has experienced robust growth. Its expansion is projected to continue, increasing from $187.49 billion in 2024 to reach $204.61 billion in 2025, at a compound annual growth rate (CAGR) of 9.1%. Factors contribute to this historic period of growth include a focus on core competencies, an outsourcing trend, cost efficiency, and technological advancements.

How Big Is the Facilities Support Services Market Size Expected to Grow by 2029?
The market size of facilities support services is on track to experience significant progress over the next several years. Predicted to expand to $294.23 billion by 2029, it mirrors a compound annual growth rate (CAGR) of 9.5%. This growth anticipated in the forecast period is due to factors such as compliance with health and safety standards, old-age infrastructure, energy efficiency, and economic rebound. Noteworthy trends within this forecast period comprise of sustainability and eco-friendly practices, intelligent building technology, remote surveillance and control, digital transition, and worries over cybersecurity.

View the full report here:
https://www.thebusinessresearchcompany.com/report/facilities-support-services-global-market-report

Which Key Market Drivers Powering Facilities Support Services Market Expansion and Growth?
The increasing count of multinational corporations (MNCs) has been propelling the expansion of the facilities support services market. A multinational corporation is a substantial enterprise that functions both in its native land and also produces or sells products or services globally. These MNCs often exist in numerous countries and regions. The administration of facilities scattered across different locations can be intricate and daunting. Providers of facilities support services present a comprehensive solution for MNCs to consistently maintain and manage their different facilities across numerous geographies. This streamlines operations and cements uniform standards of facility administration. For instance, the Australian Bureau of Statistics reported in August 2024, that new business registrations in 2023-2024 burgeoned by 436,018, surpassing the prior year's surge of 406,365 businesses in 2022-2023. Hence, the escalating number of multinational corporations (MNCs) is triggering the growth of the facilities support services market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=2225&type=smp

Which Fast-Growing Trends Are Poised to Disrupt the Facilities Support Services Market?
Companies involved in facilities support activities are steadily embracing technology to enhance candidate recruitment and management. Advancements like passive activity monitoring, email platform integration, and establishment of candidate databases offered by these technologies significantly cut down recruitment time, optimize placement quality, and cement client relationships. Recruitment analytics software is another tool providing valuable business intelligence for staffing firms. For instance, in North America, technologies like applicant tracking system (ATS), utilized by 64% firms, are used to monitor candidate activities. Furthermore, around 60% of firms implement a customer relationship management (CRM) system to foster business growth.

What Are the Emerging Segments in the Facilities Support Services Market?
The facilities support servicesmarket 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

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=2225&type=smp

Who Are the Global Leaders in the Facilities Support Services Market?
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 are the Top Profitable Regional Markets for the Facilities Support Services Industry?
Western Europe was the largest region in the facilities support services market in 2024. 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.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=2225

This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Saumya Sahey
Europe: +44 7882 955267,
Asia: +44 7882 955267 & +91 8897263534,
Americas: +1 310-496-7795
Email: saumyas@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.