Global Market for Facility Management Solutions is Anticipated to grow at a Significant Pace i.e., USD 68.9 Billion during the Forecast Period 2021-2027

Published Date: Oct, 2021

The global facility management market is expected to witness CAGR of 10.9% during the forecast period. Facility management refers to a service that integrates people, place, processes, and technology so as to ensure the functionality of the built environment and helps companies to focus on their core competencies. The rising demand for cloud-based solutions, the growing need to comply with regulatory and economic regulations such as ISO 41000, adoption of IoT and artificial intelligence will fuel the growth of the global facility management market. Various Industrial verticals like real estate, manufacturing, retail, public sector have high infrastructural growth due to the rising demand for integrated data from operational facilities into other business applications. Moreover, technological investment, development in the deployment of advanced concepts by key players are the factors that drive the growth of the global facility management market. The growing investment for the development of efficient management services to improve the overall business, resulting in an improved work environment and rising awareness about workplace safety are the opportunities for companies that will accelerate the growth of the global facility management market.  

IBM collaborated with Sund & Bælt, a company that owns and operates some of the largest infrastructures in the world, to assist in IBM's development of an AI-powered IoT solution designed to help prolong the lifespan of aging bridges, tunnels, highways, and railways.

The COVID-19 outbreak is anticipated to provide some opportunities in the facility management market owing to the rising adoption of sanitized and safe workplaces.

Browse 93 market data Tables and 55 Figures spread through 245 Pages and in-depth TOC on " Facility Management Market by Service (Property(Heating, Ventilation, and Air Conditioning (HVAC) Maintenance, Mechanical and Electrical Maintenance, and Others), Cleaning, Environmental Management, Security, Support, Catering, and Others), by Mode (In-House and Outsourced), by Type (Hard, Soft, and Others), by Deployment Model (On-Premise and Cloud), by Solution (Integrated Workplace Management Systems, Building Information Modeling, Facility Operations and Security Management(Lighting Control, HVAC Control, Video Surveillance and Access Control, and Emergency and Incident Management), Facility Environment Management(Sustainability Management, Waste Management, and Facility Property Management), and Lease Accounting and Real Estate Management(Asset Maintenance Management, Relocation Management, and Reservation Management)), by Organization Size (Small and Medium-Sized Enterprises (SMEs) and Large Enterprises), by Industry Vertical (Banking, Financial Services, and Insurance (BFSI), IT and Telecom, Government and Public Administration, Healthcare, Education, Retail, Energy And Utilities, Manufacturing, Construction, and Real Estate, And Others), and Region - Global Forecast to 2027"

By mode, the integrated services are projected to witness a significant share during the forecast period.

Based on the mode, the global facility management market is bifurcated into in-house and outsourced. The outsourced segment is further segmented into single, bundled, and integrated. Integrated services are anticipated to hold a significant share as a large number of commercial and manufacturing facilities are focused on core competencies, resulting in outsourcing of facility management services to limit the complexity and reduce the number of service contractors.

Global Facility Management Market Segmentation Analysis

Segment

Categorization

Leading Category

Service

Property (Heating, Ventilation, and Air Conditioning (HVAC) Maintenance, Mechanical and Electrical Maintenance, and Others), Cleaning, Environmental Management, Security, Support, Catering, and Others

Property (Largest)

HVAC

(Significant Share)

Mode

In-House and Outsourced

In-House (Largest)

Type

Hard, Soft, and Others

Soft

(Highest Revenue)

Deployment Model

On-Premise and Cloud

Cloud (Fastest)

Solution

Integrated Workplace Management Systems, Building Information Modeling, Facility Operations and Security Management(Lighting Control, HVAC Control, Video Surveillance and Access Control, and Emergency and Incident Management), Facility Environment Management(Sustainability Management, Waste Management, and Facility Property Management), and Lease Accounting and Real Estate Management(Asset Maintenance Management, Relocation Management, and Reservation Management)

Facility Operations & Security Management (Largest)

Organization Size

Small and Medium-Sized Enterprises (SMEs) and Large Enterprises

SMEs (High CAGR)

Industry Vertical

Banking, Financial Services, and Insurance (BFSI), IT and Telecom, Government and Public Administration, Healthcare, Education, Retail, Energy And Utilities, Manufacturing, Construction, and Real Estate, And Others

BFSI (Largest)

Region

North America, Europe, Asia-Pacific, and Rest of the World

North America (Largest)

Asia-Pacific (Fastest)

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“Asia Pacific is anticipated to hold the fastest regional market share during the forecast period 2021-2027.”

Asia-Pacific is anticipated to be the fastest-growing region in the facility management market owing to the rising demand for FM offerings, presence of industry players, rising penetration of the internet, development in the construction industry, rising demand for better data management.

Some of the major players in the global facility management market include Oracle, Accruent, IBM, SAP SE, Planon, iOffice, Trimble Inc., FMX, FM:Systems, and Archibus.

Scope of the Report

 

Report Metric

Details

Market Size Available for the Years in the Study

2015–2027

Historical Period

2015–2020

Base Year

2020

Forecast Period

2021–2027

Segments Covered in the Study

Service, Mode, Type, Deployment Model, Solution, Organization Size, Industry Vertical, and Region

Geographies Covered in the Study

North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, Italy, Spain, Russia), Asia-Pacific (China, Japan, India, South Korea), and Rest of the World (Brazil, Saudi Arabia, South Africa, U.A.E.)

Companies Covered in the Study

Oracle, Accruent, IBM, SAP SE, Planon, iOffice, Trimble Inc., FMX, FM:Systems, and Archibus

Global Facility Management Market Coverage

Service Insight and Forecast 2015-2027

  • Property
    • Heating, Ventilation, and Air Conditioning (HVAC) Maintenance
    • Mechanical and Electrical Maintenance
    • Others
  • Cleaning
  • Environmental Management
  • Security
  • Support
  • Catering
  • Others

Mode Insight and Forecast 2015-2027

  • In-House
  • Outsourced

Type Insight and Forecast 2015-2027

  • Hard
  • Soft
  • Others

Deployment Model Insight and Forecast 2015-2027

  • On-Premise
  • Cloud

Solution Insight and Forecast 2015-2027

  • Integrated Workplace Management Systems
  • Building Information Modeling
  • Facility Operations and Security Management
    • Lighting Control
    • HVAC Control
    • Video Surveillance and Access Control
    • Emergency and Incident Management
  • Facility Environment Management
    • Sustainability Management
    • Waste Management
    • Facility Property Management
  • Lease Accounting and Real Estate Management
    • Asset Maintenance Management
    • Relocation Management
    • Reservation Management

Organization Size Provider Insight and Forecast 2015-2027

  • Small and Medium-Sized Enterprises (SMEs)
  • Large Enterprises

Industry Vertical Insight and Forecast 2015-2027

  • Banking, Financial Services, and Insurance (BFSI)
  • IT and Telecom
  • Government and Public Administration
  • Healthcare
  • Education
  • Retail
  • Energy And Utilities
  • Manufacturing
  • Construction and Real Estate
  • Others

Geographical Segmentation

Facility Management Market by Region

North America

  • By Service
  • By Mode
  • By Type
  • By Deployment Model
  • By Solution
  • By Organization Size
  • By Industry Vertical
  • By Country – U.S., Canada, and Mexico

Europe

  • By Service
  • By Mode
  • By Type
  • By Deployment Model
  • By Solution
  • By Organization Size
  • By Industry Vertical
  • By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)

  • By Service
  • By Mode
  • By Type
  • By Deployment Model
  • By Solution
  • By Organization Size
  • By Industry Vertical
  • By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

  • By Service
  • By Mode
  • By Type
  • By Deployment Model
  • By Solution
  • By Organization Size
  • By Industry Vertical
  • By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries

 

 

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Global Market for Facility Management Solutions is Anticipated to grow at a Significant Pace i.e., USD 68.9 Billion during the Forecast Period 2021-2027