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Services to Buildings And Dwellings Global Market Report 2021: COVID 19 Impact and Recovery to 2030

Services to Buildings And Dwellings Global Market Report 2021: COVID 19 Impact and Recovery to 2030

  • February 2021
  • 300 pages
  • ID: 6025320
  • Format: PDF
  • The Business Research Company

Summary

Table of Contents

Major companies in the services to building and dwellings market include EcoLab; Terminix; ABM Industries; Stanley Steemer and BrightView Landscapes.

The global services to buildings and dwellings market is expected to grow from $751.01 billion in 2020 to $802.68 billion in 2021 at a compound annual growth rate (CAGR) of 6.9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1085.09 billion in 2025 at a CAGR of 8%.

The services to building and dwellings market consists of sales of services to building and dwellings and related goods by entities (organizations, sole traders and partnerships) that provide building and dwellings services such as pest control, landscaping, cleaning, etc. The services to building and dwellings market is segmented into exterminating and pest control services; janitorial services; landscaping services; carpet and upholstery cleaning services; or other services to buildings and dwellings.

North America was the largest region in the global services to buildings and dwellings market, accounting for 35% of the market in 2020. Asia Pacific was the second largest region accounting for 30% of the global services to buildings and dwellings market. Africa was the smallest region in the global services to buildings and dwellings market.

Companies providing services to buildings and dwellings are increasingly using IoT technology for easy monitoring and maintenance of the client sites. IoT helps facility mangers to monitor deficiencies in system, provides information about building and on-going process with help of video surveillance and motion sensors. With automation and control connected to a single device, and intra device communication, monitoring and finding issues in the client site becomes easy. IoT devices placed in buildings are programmed to raise red flags upon system failures and enables service providers to respond promptly avoiding major breakdowns. Amazon Web Services (AWS) introduced IoT device management and offers customised software development and systems for the same. This system makes it easy to register, organize, monitor, and remotely manage IoT devices at scale. In this setting, firms can register intra communication devices individually or in bulk, and manage permissions so that devices remain secure.

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