26-Feb-2021 | Zion Market Research
As per the researchers at Zion Market Research, the global facility management market was capitalized at around USD 39.98 billion in 2018 and is projected to attain a worth of around USD 80.79 billion by 2025, expanding at about 12.49% CAGR during the forecast period. Few of the leading players active vigorously within the global facility management market consist of Oracle, IBM, MCS Solutions, SAP, Trimble, ARCHIBUS, Accruent, CA Technologies, FM:Systems, Planon, Maintenance Connection, iOFFICE, MetricStream, JadeTrack, eMaint, Facility Management eXpress, FSI, Hippo CMMS, Autodesk, Indus Systems, Archidata, Nemetschek, FacilityONE Technologies, OfficeSpace, and Apleona. The expansion of the global facility management market is primarily driven by the improvement in sustainable infrastructure and the implementation of connected devices & IoT for building automation. Furthermore, the rising requirement to comply with regulatory & environmental compliances along with the rise in the need for integrated facility management is also projected to propel the market growth.
Large Enterprises Segment Anticipated To Capture A Major Share Within The Global Market
Enterprises with over 1,000 staff are deemed as large enterprises. On account of the huge magnitude of the facility infrastructure and the significant numbers of assets & human resources these enterprises have to handle, the large enterprises usually adopt these solutions earlier than others. They utilize facility management solutions to supervise and manage the huge and complex facility infrastructures. Thus, these companies install facility management services and solutions to improve their business functionalities, thus helping the market growth.
North America Is Expected To Dominate The Global Market During The Forecast Period
In terms of market size, the global facility management market is dominated by North America owing to the rise in technological advancements in this region. Canada and the US are the primary nations contributing to the growth of the regional market. Further, enterprises in the public and government administration vertical are implementing facility management solutions, thereby offering numerous avenues for the expansion of the facility management market. Moreover, the rise in the count of public–private partnership projects is also another key factor fueling the market growth in North America.
Browse the full “Facility Management Market - By Service (Consulting, Deployment & Integration, Support & Maintenance, Auditing & Quality Assessment, And SLA Management), By Solution (BIM, IWMS, Environment, Operations & Security, And Property Management), By Organization Size (Large Enterprises And SMEs), By Deployment Type (Cloud And On-Premise), By Vertical (IT & Telecom, BFSI, Healthcare, Government & Public Administration, Retail, Education, Manufacturing, Energy & Utilities, Construction & Real Estate, And Others), And By Region- Global Industry Perspective, Comprehensive Analysis, And Forecast, 2019 – 2025.” Report at https://www.zionmarketresearch.com/report/facility-management-market
The global facility management market is segmented as follows:
By Deployment Type
By Organization Size
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