Market Scenario:

Facility Management Market is Anticipated to Reach US$ 99.70 Billion by 2030 Registering a CAGR of 10.2%. The Facility Management System Market Report observes the Key Trends and Market Drivers in the current scenario and offers Size, Share, Growth Rate and Opportunities.

Facility management, simply put, is the process to manage multiple disciplines & operations of a company and ensure smooth functionality of the built environment. This helps to integrate technology, process, place, people, and also helps the company to lay emphasis on their core competencies, which include technology management, property management, project management, operation and maintenance, leadership strategy, finance and business, environmental sustainability, and communication. Inventory management, operation management, project management, maintenance management, and others are its different services. Owing to its alluring features and plentiful benefits, facility management has wide applications in government, IT and telecom, real estate, BFSI, education, manufacturing, healthcare, retail, and other sectors.

In a nutshell, COVID-19 impact on managed services has been fruitful, with the market growth enhanced than before. Given the prevalent lockdown situation, managed services vendors are now investing heavily in remote-centric worker solutions, which can make the market highly resilient in the coming years, even as the world is currently rushing to achieve a COVID-19 breakthrough.

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Competitive Outlook:

Segmentation:

The MRFR provides an inclusive segmental analysis of the global facility management market based on services, deployment, and end users.

By services, the global facility management market is segmented into inventory management, operation management, project management, maintenance management, and others. Of these, the project management segment will lead the market over the forecast period for the increasing use of facility management for project management.

By deployment, the global facility management market is segmented into cloud and on-premises. Of these, cloud deployment will dominate the market over the forecast period for the rising preference for cloud deployment.

By end users, the global facility management market is segmented into government, IT and telecom, real estate, BFSI, education, manufacturing, healthcare, retail, and others.

Regional Analysis:

Based on the region, the global facility management market report covers the growth opportunities and recent trends across North America, Europe, the Asia Pacific (APAC), & the Middle East and Africa (MEA). Of these, North America will have the lions share in the market over the forecast period. Increasing use of technology advances and its use in IT and manufacturing sectors, early adoption by well-established companies, growing support by the government in the region for funding in innovations for launching new facility solutions, and the pressing need for maintenance and support in the manufacturing sector is adding to the global facility management market growth in the region.

The global facility management market in the APAC region is predicted to grow at a fast pace over the forecast period. The surging need for effective facility management services, growth in the cloud technology market, the ongoing trend towards outsourcing facility management operations, and burgeoning demand for high real estate properties are adding to the global facility management market growth in the region. Besides, the rising emphasis on building asset and space management system is also adding market growth.

The global facility management market in Europe is predicted to have steady growth over the forecast period, while the MEA is predicted to have sound growth over the forecast period.

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Table of Contents:

1. Executive Summary

2. Research Methodology

2.1. Scope Of The Study

2.1.1. Definition

2.1.2. Research Objective

2.1.3. Assumptions

2.1.4. Limitations

2.2. Research Process

2.2.1. Primary Research

2.2.2. Secondary Research

2.3. Market Size Estimation

2.4. Forecast Model

3. 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

Continued...

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