Facility Management Market size was valued at US$ 51.61 Bn . in 2021 and the total revenue is expected to grow at CAGR 11.20% , reaching nearly US$ 107.29 Bn in 2029.
Facility Management Market Overview:
This Facility Management Market study looks at current and emerging industry trends and dynamics in the global Facility Management market. Facility Management Extensive market forecasting for the major market segments is carried out between 2023 and 2029. Extensive Facility Management market analysis is carried out by closely monitoring key product positions and the main competitors in the market framework. To understand the competitive landscape of the worldwide Facility Management market, key players are profiled and their strategies are thoroughly evaluated.
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Facility Management Market Scope:
Cloud-based facility management offers reduced operating costs, secure hosting of critical data, quick disaster recovery, improved security, and scalability. These factors are expected to drive market growth.
Outsourcing of facility management is continuously growing in popularity and before outsourcing they review the mix of insourcing, outsourcing on basis of cost, capability, and coverage. Outsourcing is contributing significantly to market growth.
Increased investment in infrastructure by governments in several countries and signing contracts with players to link and complete their infrastructure internally and globally as well is driving the market growth of facility management.
Facility Management Market Segmentation:
by Solutions
Facility Property Management
Integrated Workplace Management System
Facility Environment Management
Facility Operations & Security Management
Building Information Modeling
by Services
Consulting
SLA Management
Deployment & Integration
Auditing & Quality Assessment
Support & Maintenance
by Deployment Type
Cloud
On-Premises
by Organization Size
Small & Medium Enterprises
Large Enterprises
by Vertical
BFSI
Education
IT & Telecom
Publications & Research
Retail
Manufacturing
Healthcare
Government & Public Administration
Energy & Utilities
Construction & Real Estate
Others
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Facility Management Market Key Players:
The market research report provides comprehensive quantitative insights that provide a clear picture of the worldwide market potential in a variety of categories, as well as country-by-country analyses in each covered topic. The analysis investigates the market's major influencing factors, as well as complete company profiles of
1. IBM
2. Oracle
3. SAP
4. Trimble
5. Accruent
6. MRI Software
7. Planon
8. ServiceChannel
9. Service Works Global
10. FMX
11. Causeway Technologies
12. FM: Systems
13. Space well
14. iOFFICE
15. FSI
16. ARCHIBUS
17. Archidata
18. JadeTrack
19. UpKeep Maintenance Management
20. Apleona
21. FacilityONE Technologies
22. OfficeSpace Software
23. Facilio
24. eFACiLiTY
25. eMaint
26. Axxerion USAFAQS
Regional Analysis:
COVID-19 Impact Analysis on Facility Management Market:
The COVID-19 epidemic has had a significant impact on the global Facility Management industry. Facility Management Production facilities were halted due to the global economic slump and a lack of manpower. The COVID-19 pandemic has led to a significant and extended drop in production utilization, and travel prohibitions and facility closures have kept personnel away from their facilities, causing the Facility Management market to decelerate in 2020. The negative impact of COVID-19 on the Facility Management market, on the other hand, is expected to be transitory, and the sector is expected to revive significantly by early 2021, owing to increased demand for Facility Management .
Key Questions Answered in the Facility Management Market Report are:
- Which segment was responsible for the largest share in the Facility Management market?
- How was the competitive scenario of the Facility Management market in 2020?
- Which are the key factors responsible for the Facility Management market growth?
- Which region held the maximum share in the Facility Management market in 2020?
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