Global Facilities Management Market 2023-2027

Global Facilities Management Market 2023-2027
The facilities management market is forecasted to grow by USD 730.53 bn during 2022-2027, accelerating at a CAGR of 9.29% during the forecast period. The report on the facilities management market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for cloud-based facilities management solutions, increasing demand for smart facilities, and increasing emphasis on outsourcing building management services.

Technavio's facilities management market is segmented as below:

By End-userCommercialGovernmentResidentialBy ServiceSoft servicesHard servicesBy Geographical LandscapeAPACNorth AmericaEuropeSouth AmericaMiddle East and AfricaThis study identifies the adoption of green cleaning products as one of the prime reasons driving the facilities management market growth during the next few years. Also, advent of IoT in facilities management and use of drones for asset management in facilities will lead to sizable demand in the market.

The report on the facilities management market covers the following areas:Facilities management market sizingFacilities management market forecastFacilities management market industry analysisThe robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading facilities management market vendors that include ABM Industries Inc., Aramark, Atlas Facilities Management Ltd., CBRE Group Inc., Cushman and Wakefield Plc, International Business Machines Corp., ISS AS, Johnson Controls International Plc, Jones Lang LaSalle Inc., Mitie Group Plc, OCS Group International Ltd., Quess Corp. Ltd., Securitas AG, Serco Group Plc, ServiceMax Facility Management Pvt. Ltd., SIS Ltd., SMS Integrated Facility Services Pvt. Ltd., Sodexo SA, The Brinks Co., and Coor Service Management Holding AB. Also, the facilities management market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.