The “Facility Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024” report has been added to ResearchAndMarkets.com‘s offering.
The global facility management market size reached a value of US$ 39.8 Billion in 2018. Looking forward, the global facility management market is projected to reach a value of US$ 74.4 Billion by 2024, registering a CAGR of around 11% during 2019-2024.
The emerging trend of digitalization, along with the increasing adoption of the Internet of Things (IoT) and cloud-based software, currently represent the key factors driving the growth of the market. The utilization of advanced technologies, such as cloud computing and augmented reality (AR) for managing a building, have enabled managers to reduce their dependency on human resources and improve their operational efficiencies.
Furthermore, the emergence of Integrated Facility Management (IFM) is acting as another growth-inducing factor. IFM enhances productivity by simplifying repetitive operations and combining all office-related functions under a single management team. FM services are also utilized to conveniently manage home-based, on-the-go, after-hours and employees, as well as the outsourced services, while ensuring the availability of all necessary tools required for maximum productivity.
Apart from this, these solutions are used to create a safe working environment, reduce energy costs and asset tracking. Moreover, the implementation of favorable government policies promoting infrastructural automation, coupled with the increasing adoption of software-as-a-service (SaaS) deployment model, is projected to drive the market further.
The report has also analyzed the competitive landscape of the market with some of the key players being IBM, Oracle, Trimble, CA Technologies, SAP, Archibus, Accruent, Maintenance Connection, MCS Solutions, Planon, Ioffice, Jadetrack, Metricstream, Emaint, Facilities Management Express, etc.
Key Questions Answered in This Report
- How has the global facility management market performed so far and how will it perform in the coming years?
- What are the key regional markets in the global facility management industry?
- What is the breakup of the market based on the solution?
- What is the breakup of the market based on the service?
- What is the breakup of the market based on the deployment type?
- What is the breakup of the market based on the organization size?
- What is the breakup of the market based on the vertical?
- What are the various stages in the value chain of the global facility management industry?
- What are the key driving factors and challenges in the global facility management industry?
- What is the structure of the global facility management industry and who are the key players?
- What is the degree of competition in the global facility management industry?
Key Topics Covered
2 Scope and Methodology
3 Executive Summary
4.2 Key Industry Trends
5 Global Facility Management Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Breakup by Solution
5.4 Market Breakup by Service
5.5 Market Breakup by Deployment Type
5.6 Market Breakup by Organization Size
5.7 Market Breakup by Vertical
5.8 Market Breakup by Region
5.9 Market Forecast
6 Market Breakup by Solution
6.1 Integrated Workplace Management System
6.2 Facility Operations and Security Management
6.3 Building Information Modeling
6.4 Facility Property Management
6.5 Facility Environment Management
7 Market Breakup by Service
7.1 Deployment and Integration
7.2 Auditing and Quality Assessment
7.3 Support and Maintenance
7.5 Service Level Agreement Management
8 Market Breakup by Deployment Type
9 Market Breakup by Organization Size
9.1 Small and Medium Size Enterprises
9.2 Large Enterprises
10 Market Breakup by Vertical
10.1 Banking, Financial Services, and Insurance
10.2 IT and Telecom
10.3 Government and Public Administration
10.7 Energy and Utilities
11 Market Breakup by Region
11.1 North America
11.4 Middle East and Africa
11.5 Latin America
12 SWOT Analysis
13 Value Chain Analysis
14 Porters Five Forces Analysis
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.4 CA Technologies
15.3.8 Maintenance Connection
15.3.9 MCS Solutions
15.3.15 Facilities Management Express
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
- CA Technologies
- Maintenance Connection
- MCS Solutions
- Facilities Management Express
Facility management (or facilities management or FM) is a professional management discipline focused upon the efficient and effective delivery of support services for the organizations that it serves. The International Organization for Standardization (ISO) defines facility management as the “organizational function which integrates people, place and process within the built environment with the purpose of improving the quality of life of people and the productivity of the core business”.
Professional FM as an interdisciplinary business function has the objective of coordinate demand and supply of facilities and services within public and private organizations. The term “Facility” (pl. facilities) means something that is built, installed or established to serve a purpose, which, in general, is every “tangible asset that supports an organization”. Examples are real estate property, buildings, technical infrastructure, (HVAC), lighting, transportation, IT-services, furniture, custodial, grounds maintenance and other user-specific equipment and appliances.
The European standard for facility management defines it as “the integration of processes within an organization to maintain and develop the agreed services which support and improve the effectiveness of its primary activities”.
In April 2017, the International Organization for Standardization published the ISO 41011:2017 standard for facility management, defining it as the “organizational function which integrates people, place and process within the built environment with the purpose of improving the quality of life of people and the productivity of the core business.” A Management System Standard for Facilities Management has also been developed by ISO and published as ISO 41001:2018.