Facility Management Market Share, 2021 Definition, Size, Share, Segmentation and Forecast data by 2029
Facility Management Market size was valued at US$ 51.61 Bn . in 2021 and the total revenue is expected to grow at CAGR 11.20% , reaching nearly US$ 107.29 Bn in 2029.
Facility Management Market Overview:
The global Facility Management Market Research Report 2022-2029 by Maximize Market Research is a customized and in-depth analysis of the Facility Management industry, with a focus on the global market trend in the same forecast period.
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Facility Management Market Scope:
The worldwide ” Facility Management Market” study looks at important industry factors including progress, segmentation, growth prospects, opportunities, challenges, and competitive analysis. The segmentation analysis focuses on revenue and forecast by region, kind, and application for the period 2021-2027. This study investigates the market size, development status, and forecast, as well as a company profile. It also provides information on the competitive climate as well as data from the most important firms.
Facility Management Market Drivers:
Cloud-based facility management offers reduced operating costs, secure hosting of critical data, quick disaster recovery, improved security, and scalability. These factors are expected to drive market growth.
Outsourcing of facility management is continuously growing in popularity and before outsourcing they review the mix of insourcing, outsourcing on basis of cost, capability, and coverage. Outsourcing is contributing significantly to market growth.
Increased investment in infrastructure by governments in several countries and signing contracts with players to link and complete their infrastructure internally and globally as well is driving the market growth of facility management.
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Facility Management Market Segmentation:
by Solutions
Facility Property Management
Integrated Workplace Management System
Facility Environment Management
Facility Operations & Security Management
Building Information Modeling
by Services
Consulting
SLA Management
Deployment & Integration
Auditing & Quality Assessment
Support & Maintenance
by Deployment Type
Cloud
On-Premises
by Organization Size
Small & Medium Enterprises
Large Enterprises
by Vertical
BFSI
Education
IT & Telecom
Publications & Research
Retail
Manufacturing
Healthcare
Government & Public Administration
Energy & Utilities
Construction & Real Estate
Others
Facility Management Market Key Players: The key players are
1. IBM
2. Oracle
3. SAP
4. Trimble
5. Accruent
6. MRI Software
7. Planon
8. ServiceChannel
9. Service Works Global
10. FMX
11. Causeway Technologies
12. FM: Systems
13. Space well
14. iOFFICE
15. FSI
16. ARCHIBUS
17. Archidata
18. JadeTrack
19. UpKeep Maintenance Management
20. Apleona
21. FacilityONE Technologies
22. OfficeSpace Software
23. Facilio
24. eFACiLiTY
25. eMaint
26. Axxerion USAFAQS
Regional Analysis:
The research report is organised into sections based on area, manufacturer, type, and application. Each category provides output estimates for the years 2021 through 2027. Consumption by Application is also supplied for the forecasted period of 2021 to 2027. Understanding the categories helps determine the importance of numerous components that contribute to market growth.
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COVID-19 Impact Analysis on Facility Management Market:
The research provides light on COVID-19 by considering changes in consumer behaviour and demand, purchasing patterns, supply chain re-routing, the dynamics of current market forces, and substantial government initiatives into account. Based on the market effect of COVID-19, the revised study provides insights, analysis, projections, and predictions.
Key Questions Answered in the Facility Management Market Report are:
- Which segment grabbed the largest share in the Facility Management market in 2020?
- How is the competitive landscape of the Facility Management market?
- Which are the key factors aiding the Facility Management market growth in the forecast period (2021-2027)?
- Which region held the maximum share in the Facility Management market in 2020?
- What will be the CAGR of the Facility Management market during the forecast period (2021-2027)?
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