Global Facilities Management Market was valued at USD 33.28 Billion in 2019 and is expected to reach over USD50.09 Billion by 2026, growing at a CAGR of around 6.2% during the forecast period from 2020 to 2026. Increased investments in the real estate and construction industries around the world are credited with the market’s rise. The development of smart buildings is being accelerated by rising real estate investment. A network connects lighting, sensors, windows, doors, HVAC systems, and CCTV cameras in smart buildings. Facility management has become an essential preventative maintenance activity as a result of the development of these smart buildings. There has been an increase in the market need for facility management services as a result of multiple buildings requiring cleaning and maintenance services.
The pandemic of the corona-virus has had a significant influence on the market. Currently, properties are managed by roughly 5% to 10% of the entire resource workers deployed, which will increase the cost of facility management businesses in the near future. These resources are crucial for the normal operation of various sorts of properties in the long run, which is why suppliers are rewarding blue-collar workers who provide cleaning and sanitising services for commercial and real estate facilities.
Key market player information
Top Leading Market Players Covered in this Report are : Accruent, LLC, Archibus, Inc., iOffice Corporation, CA Technologies, Inc., IBM Corporation, FM Systems, Inc., Oracle Corporation, Planon Corporation, Trimble, Inc., and SAP SE, among others..
The global Facilities Management study includes a thorough examination of the top companies operating in the global Facilities Management market. The competition analysis is based on market share, product sales, business strength, top rivals, major business categories, and geographic presence of key market players. The report’s competitive analysis will assist readers in highlighting key variables that will assist them in meeting their objectives during the projected period.
Segmentation
The research divides the global Facilities Management market into segments and sub-segments by analyzing a number of parameters. The Facilities Management report analysis provides a valuable insight into segment revenue and market share at both the global and country levels. In terms of revenue and volume, the segmentation study details the correct projections and computations. In addition, the research study offers major growth trends and opportunities within Facilities Management market categories, which will aid in the development of effective corporate growth plans for the forecast period of 2021-2027.
Geographical Information
Users will gain useful insights from a study of the major regions and nations covered in the scope of the report, which will help them better identify investment prospects to expand their business. The statistics based on revenue and market share for distinct regions and countries are included in the report analysis. In addition, the study highlights key trends and opportunities that will aid in the growth of the industry in each region.
Market Segmentation By Types – Services, Solution
Market Segmentation By Application – Solution, Services Solution, Services
Market Segmentation By Application – Solution, Services
The global Facilities Management market is divided into several areas, including
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa.
COVID-19 Impact
In addition, market values and shares were estimated using current COVID-19 pandemic scenarios on the worldwide Facilities Management market, which will assist users in better understanding the present market picture and recommending strategic company expansion plans accordingly. During the projection period of 2020 to 2027, the Facilities Management market is expected to grow at a CAGR of xx %, reaching US$ xx million in 2027, up from US$ xx million in 2020.
Who will get benefit of this report?
- Investors and Private Equity Firms
- Facilities Management market Providers
- Distributors and Suppliers
- Government and Regulatory organizations
- Several end users.
Why should buy this report from Zion?
- Provides in-depth research study of the total Facilities Management market, which can assist start-up enterprises in the Facilities Management market to make decisions on short span.
- The most recent Facilities Management market news, forecast analysis, and top market rivals are all readily available, together with all relevant information.
- Graphs, pie charts, and other representations are included in the Facilities Management report to help the reader understand the information at a glance.
- Manufacturers can use the Facilities Management report to study customer behaviour, business segments, and offer items depending on the information presented.
- The impact of COVID-19 on the market and industry, as well as a recovery analysis
Report Methodology
The Facilities Management research is based on the most recent industry trends and prospects, along with potential threats, key driving forces, as well as important revenue pockets. The survey was published after conducting extensive secondary research, which included reviewing a number of industry publications, investor articles, official statistics, corporate news, and press releases. All of these studies are backed up by in-depth primary research with C level industry experts, resulting in a revenue forecast for the Facilities Management market.