Increasing Requirement for Maintaining Environmental and Regulatory Compliance Has Increased the Demand for Facilities Management Market

Globally, the facilities management market is expected to grow with a CAGR of 13.60% during the forecast period from 2023 to 2030 and had registered a market value of US$ 48.54 Bn by 2021. Facilities management is defined as an organizational functioning, which integrates the premises, individuals, and process within a facility to improve the productivity of the core business. The facility management services ensure the safety, comfort, and efficiency of the facility environment. Moreover, facility management is categorized into forms of hard facilities management and soft facilities management.

Hard facilities management deals with the physical assets of an organization, which includes machinery functionality, elevators, air conditioning, and others. Whereas, the soft facilities management aims towards the tasks performed by an individual such as accounting, custodial services, catering and others. With the increasing environmental and regulatory compliances, the companies and organizations have to maintain the data of the work, health, material usage, and others within the premise. Moreover, these regulations are one of the major factors, which are driving the growth of the market globally. Moreover, the rising infrastructure and facilities development is also considered as a major factor driving the market globally.

Facilities Management with Integrated Workplace Management System in its Solutions Segment Continue Dominating the Market

In 2021, the overall facilities management market was led by the integrated workplace management system segment contributed a high percentage of around 20% of the market share of the total revenue generated globally in 2020. This segment is expected to grow with a significant CAGR during the forecast period. The integrated workplace management system is software solutions that reduce the facilities maintenance cost and offers flexibility, transparency and increases the work efficiency of the overall business of an organization.

North America Dominates the Market by Region

The global facilities management market was led by North America with a market share of more than 30.0% in the year 2020. The region is one of the earliest adopters of the technology and increasing adoption of the government and private enterprises in the region is one of the factors, which is driving the market growth. US accounts for the largest market share in the region due to the presence of various IT, BFSI, manufacturing, automotive, and other companies that are adopting the facilities management software to reduce increase the productivity of the facility and reduce the overall cost for the functionality.

Some of the prominent players operating in the facilities management are CA Technologies, Archibus Inc., FM System Inc., iOffice Corporation, IBM Corporation, Oracle Corporation, SAP SE, Planon Corporation, Satnav Technologies, Indus Systems, Trimble Navigation Ltd, and Autodesk Inc.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Facilities Management market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Facilities Management market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Facilities Management market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Facilities Management market?
• Which is the largest regional market for Facilities Management market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Facilities Management market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Facilities Management market worldwide?