Global Facility Management Market is projected to grow at a Compound Annual Growth Rate (CAGR) of over 11% during 2022-2027 owing to growing adoption of IoT, change in organization structure & work management, presence of many enterprises, growth in the development of sustainable infrastructure and increasing demand for connected devices for building automation across various industry verticals.
Based on organization size, the market has been segmented into Large and Small & Midsize. In 2021, the large enterprises segment dominated the market since facility management solutions allow organizations to monitor and regulate complex and huge facility infrastructures. Moreover, growing infrastructure-based developments, increasing demand for sustainable facility management solutions and rising technology integration are some of the other factors that would aid the global facility management market during the forecast period.
Some of the leading players in the Global Facility Management Market are IBM, SAP, CA Technologies, Maintenance Connection, Officespace, Facilityone Technologies, Oracle, Ioffice Corporation, Archibus, Inc., Planon Corporation, etc.
Objective of the Study:
- To analyse and forecast the market size of Global Facility Management Market, in terms of value.
- To classify and forecast Global Facility Management Market based on services, component, deployment, market penetration, product, organization size, application and regional distribution.
- To identify drivers and challenges for Global Facility Management Market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Global Facility Management Market.
- To conduct the pricing analysis for Global Facility Management Market.
- To identify major trends in Global facility management market.
- To profile major companies operating in Global facility management market.
To analyse and forecast Global Facility Management market, both top down and bottom up approaches have been used. Multiple employees from various companies have been interviewed through telephonic conversations to extract and verify the information being collected at the source. A brief study of the major players operating in Global facility management market was conducted, which includes analysis of information such as ongoing projects, followed by the details of expected year of commissioning and estimated investments along with the expansion plans of various projects globally.
Moreover, detailed and in-depth scrutiny of information was done to understand each policy and external or internal factors, which could increase or decrease demand for facility management service globally. Various secondary sources such as white papers and secondary literature on International Monetary Fund, World Bank, Company Websites & Annual Reports, etc., were also studied by TechSci Research.
Key Target Audience:
- Facility management service providers and other stakeholders
- Major customers (Residential complexes, commercial buildings, hotels, malls, etc.)
- Industry associations and experts
- Research organizations and consulting companies.
- Research Institutes
- Industry associations
- Market research and consulting firm.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as facility management service providers, customers and policymakers. The report also provides useful insights about which market segments should be targeted over the coming years to strategize investments and capitalize on growth opportunities.
Table OF Content :
- Product Overview
- Research Methodology
- Impact of COVID-19 on Global Facility Management Market
- Executive Summary
- Voice of Customer
- Global Facility Management Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Services
6.2.2. By Component (Solution and Services)
6.2.3. By Deployment (On-Premises and Cloud)
6.2.4. By Market Penetration (Organized & Unorganized)
6.2.5. By Product Type (Interior and Exterior)
6.2.6. By Organization Size (Large and Small & Midsize)
6.2.7. By Application (Commercial, Industrial & Residential)
6.2.8. By Region
6.3. Market Attractiveness Index
- Asia-Pacific Facility Management Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Services
7.2.2. By Component
7.2.3. By Deployment
7.2.4. By Organization Size
7.2.5. By Application
7.2.6. By Country
7.3. Market Attractiveness Index
Q - Growth of Global Facility Management Market ?
Ans - Growing technological advancements, growing infrastructure-based developments and growing adoption of IoT are expected to drive the Global Facility Management Market during forecast period.
Q - Major Segments in Global Facility Management Market ?
Ans - Global facility management market is segment on the basis of services, component, deployment, market penetration, product type, organization type, industrial vertical, and region.
Q- Which segment is expected to hold the largest share in global facility management market during forecast period ?
Ans - Based on organization size, large enterprises segment is expected to hold the largest share in global facility management market during forecast period.
Q- Key Players in global facility management market ?
Ans - Some of the leading players in the Global Facility Management Market are IBM, SAP, CA Technologies, Maintenance Connection, Officespace, Facilityone Technologies, Oracle, Ioffice Corporation, Archibus, Inc., Planon Corporation, etc.
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