Global Facility Management Market Information, by End-User (Real Estate, Education, Government, Retail, Healthcare), by Service (Project Management, Inventory Management, Operations Management), by Deployment (Cloud, On-Premise) - Forecast 2022
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Facility management is a process required to build coordination between physical workplace and people of an organization to provide positive and pleasing work environment for employees as well as clients & customers. It integrate business administration, infrastructure, and behavioral principles of a management.
The key responsibilities associated with facility management includes building or property management, support services, engineering services, floors planning, operation management, and many others. by managing the provided facilities, the management can maintain the assets and lifespan of the components associated with the infrastructure.
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The rising need for support & maintenance services by manufacturing industries, changing work culture, growing adoption of cloud technology, rising trend of outsourcing facility management services, growing commercial real estate business are some of the factors driving growth of facility management market during forecast period 2016-2022.
According to Market Research Future Analysis, The Global Facility Management market is estimated to reach around USD 60 billion by 2022 growing with approximately 13% CAGR during forecast period 2016-2022.
Market Research Future (MRFR) recognizes the following companies as the key players in the global Facility Management market include
IBM Corporation (U.S.),
Oracle Corporation (U.S.),
SAP SE (Germany),
EMCOR group, Inc. (U.S.),
Aramark Corporation (U.S.),
FM System, Inc. (U.S.),
CA Technologies, Inc. (U.S.),
Accruent, LLC (U.S.),
Interserve Plc. (UK),
Trimble, Inc. (U.S.)
Commenting on the report, an analyst from Market Research Future (MRFR)’s team said:
“Among the wide application in end-user sectors, Real estate is expected to occupy largest market share due to high demand of high-tech commercial infrastructure especially in developing region. Legal document inspections, physical property review, and market analysis are some of the major concern of real estate facility manager.
However, lack of awareness regarding facility management solutions available in the market is expected to hinder the growth of facility management market in the forecast period 2016-2022”
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According to the report, geographically, North America is expected to boost the market growth of facility management tools & services in the forecast period 2016-2022 due to availability of highly advanced infrastructure in the region. U.S. is expected to hold largest market share in facility management due to early adoption of facility management services which is developing a positive and productive environment in an organization.
Europe, on the other hand is expected to increase its market share in facility management market in the upcoming years due to growing demand of support & maintenance services among manufacturing and technical sectors. Further, Asia-Pacific is expected to be the fastest growing market in facility management as education and residential sectors is demanding for soft service management and growth in retail and hospitality sectors in the region.
Market research Future has segmented the global facility management market into its various services, deployment and end-users. By services, facility management market is classified into Project Management, inventory management, maintenance management, operation management.
By deployment, facility management market is categorized into on-premise, and on-cloud. By end-users, the market is divided into Healthcare, Education, Retail, Manufacturing, Real estate, BFSI, Government, IT & telecom and others.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Table of Content
- Executive Summary
- Research Methodology
2.1. Scope Of The Study
2.1.2. Research Objective
2.2. Research Process
2.2.1. Primary Research
2.2.2. Secondary Research
2.3. Market Size Estimation
2.4. Forecast Model
- Market Dynamics
3.1. Market Drivers
3.2. Market Inhibitors
3.3. Supply/Value Chain Analysis Or Market Ecosystem
3.4. Porter’s Five Forces Analysis
- Facility Management Market, By Services
LIST OF TABLES
TABLE 1 GLOBAL FACILITY MANAGEMENTMARKET, BY SERVICES
TABLE 2 GLOBAL FACILITY MANAGEMENTMARKET, BY DEPLOYMENT
TABLE 3 GLOBAL FACILITY MANAGEMENT DISPLAYMARKET, BY END-USER
TABLE 4 GLOBAL FACILITY MANAGEMENT DISPLAYMARKET, BY REGIONS
TABLE 5 NORTH AMERICA FACILITY MANAGEMENT DISPLAYMARKET, BY SERVICES
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