1. Market Research
  2. > Business Services
  3. > Maintenance and Cleaning Services Market Trends
Facility Management Market by Solution, Service, Deployment Type, Organization Size, Vertical And Region - Global Forecast to 2023

Facility Management Market: Global Forecast until 2023

  • April 2018
  • 198 pages
  • ID: 4138213
In this report:
The overall facility management solutions market size is expected to grow from USD ##,##.## million in 2018 to USD ##,##.## million by 2023, at a CAGR of ##.##% during the forecast period.
The retail vertical is expected to register the highest CAGR of ##.##% during the forecast period and is projected to grow from USD ##,##.## million in 2018 to USD ##,##.## million by 2023.

Summary

Table of Contents

Search Inside

The facility management market is expected to rise at a Compound Annual Increase rate of 11.40 percent during the forecast period

The overall facility management market size is forecasted to grow from ~$34.7B in 2018 to ~$59.3B by 2023, at a compound annual growth rate (CAGR) of 11.4% during the forecast horizon. Increase in the development of sustainable infrastructure and in the adoption of IoT and connected devices for building automation is a main driving factor for the facility management market. An growing need to meet environmental and regulatory compliance is also driving the facility management market. Nevertheless, lack of managerial awareness and dependency on the in-house facility management team could be a main restraining factor for the market increase.

The waste management in the facility environment management segment is anticipated to grow at the highest compound annual growth rate (CAGR) during the estimate period

Waste management solutions enable facility management teams to weigh and manage multi-stream wastes from a wide range of buildings and facilities, including office blocks, hospitals, hotels and restaurants, universities, retail stores, care homes, airports, and exhibition centers. These solutions help facility management teams precisely monitor distinct waste streams, including chemicals, food, plastics, ink, batteries, and papers, in facilities.

The video surveillance and access control segment is intended to have the biggest sector size in the operations and security management segment during the outlook period

Video surveillance is a vital tool for protecting and securing people and facilities, round the clock.Rising number of threats has resulted in the deployment of surveillance systems that provide situational awareness around critical facilities.

Education institutes, hotels, and government offices have to protect their entry and exit points to prevent vandalism and avoid authorization issues.Video surveillance solutions simplify the management of big numbers of hardware devices, including cameras and sensors.

They also automate the configuration of security devices. These solutions can automatically create an alert with the picture of the intruder and send it to the registered devices.

North America continent is forecasted to have the biggest industry size, and Middle East (ME) and African continent is expected to grow at the maximal rate during the estimate period

North America (NA) is the biggest contributor to the facility management market in terms of market size, as it is a technologically advanced area.The top countries providing to the facility management market in this area are the USA and Canada (CA).

Companies in the government and public administration vertical are also adopting facility management solutions, and the vertical would provide high increase opportunities in the facility management market during the outlook period.The development of the North American facility management market can also be attributed to the growth in the number of public-private partnership projects in the area.

Increasing redevelopments in the existing facilities and growing population have increased the burden on the existing facilities.

The MEA area comprises main economies, including the United Arab Emirates, the Kingdom of Saudi Arabia, Qatar, Israel (IL), and South Africa (ZA), which are anticipated to register important rise in the facility management market.The territory has witnessed high adoption of tech-savvy solutions across several verticals.

Mega infrastructure developments, including Mohammed Bin Rashid City, Dubai Creek Harbor, Dubai Expo Site in United Arab Emirates, Jazan Industrial City in KSA, QP District, and Doha Festival City in Qatar, have created opportunities for facility management providers in the MEA area.

In the process of finding out and checking the market size of different segments and sub-segments collected by secondary research, extensive primary audit sessions were managed with main people. The break-up of the profiles of the primary participants is like:

• By Organization: Tier 1 - 30 %, Tier 2 - 40.0 percent, and Tier 3 - 30.0 percent

• By Description: C-suite - 72.0 percent, D-level - 14.0 percent, and Others - 14.0 percent

• By Area: North America continent - 57.0 percent, Europe (EU) - 14.0 percent, and Asia-Pac - 29.0 percent

The facility management market includes different main vendors, including IBM (NYSE:IBM), Oracle Corporation (NYSE:ORCL), SAP, MCS Solutions, ARCHIBUS, Trimble, CA Technologies, Accruent, Planon, FM:Systems, iOFFICE, Maintenance Connection, JadeTrack, MetricStream, Facility Management eXpress, eMaint, Hippo CMMS, FSI, Indus Systems, Autodesk, Nemetschek, Archidata, OfficeSpace, FacilityONE Technologies, and Apleona.

Segment Research

The analysis includes a detailed competitive analysis of the top players in the facility management market together with their company descriptions, recent evolutions, and key industries strategies. The document breaks down the facility management market by solution, service, organization size, deployment type, vertical, and area.

Why acquiring this study can help you:

The industry report will facilitate the market top players/new sector entrants in the facility management market in these ways:

1. The global facility management market revenue stream has been estimated based on the incomes generated by sellers, offering facility management solutions and associated services, inclusive of deployment and integration, consulting, support and maintenance, SLA management and auditing and quality assessment provided by professional service providers, including Managed Service Providers. The study offers the best approximations of the revenue data for the global market and the sub-segments. The industry numbers are further split into verticals and localities.

2. The analysis benefits the partners distinguish the pulse of the sector and offers them with info on the main market drivers, market restraints, opportunities, and alternatives.

3. The market research will facilitate the partners comprehend the players and obtain additional insights to better their market position. The competitive outlook section includes the competitor ecosystem, new industry product developments, alliances, and mergers and acquisitions.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers
Facility Management Services Market in India 2018-2022

Facility Management Services Sector: Forecast until 2022 in India

  • $ 2500
  • Industry report
  • May 2018
  • by Infiniti Research Limited

About facility management servicesFacility management services are outsourced to a third-party service provider to maintain a facility. These services consist of housekeeping, cleaning, security, catering, ...

Facilities Management Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

Facilities Management Industry: Forecasts to 2025

  • $ 5795
  • Industry report
  • April 2018
  • by Transparency Market Research

Global Facilities Management Market: OverviewTransparency Market Research’s new publication on the global facilities management market is a veritable tool to comprehend the growth of the said market ...

Asia-Pacific Integrated Facilities Management Market, Forecast to 2022

Asia-Pacific Integrated Facilities Management Market, Forecast to 2022

  • $ 4950
  • Industry report
  • July 2018
  • by Frost & Sullivan

Cost Efficiency, Standardization, Long-term Partnerships and Technology Adoption are Key TrendsThe Asia-Pacific integrated facilities management (IFM) market is witnessing stable growth, primarily supported ...


ref:plp2018

Reportlinker.com © Copyright 2018. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on