Facility Management Market

Global Facility Management Market is valued at USD 50.22 Billion in 2021 and is expected to reach USD 98.07 Billion by 2028 with a CAGR of 11.80% over the forecast period.

Scope of The Facility Management Market

The global facility management market has been expected to see a growth at a good rate due to the increase in the penetration of the internet and the development in the market of construction industry as well as the surging in the requirement of a better management of data.

The facility management works in a manner where the facility management has been defined of the practice of the workplace physically coordinating with the work and people in the organization with work and people of organizations which are encompassing a lot of the activities like the space planning, equipment maintenance as well as the forecasting of portfolio. The facility management which had included a lot of the competencies like the emergency readiness and the continuity of business, human factors, environmental sustainability, quality, project management as well as property management, strategy and leadership as well as other. However, the part of the facility management including the services and software for increase the effectiveness and efficiency of the market of facility management services.

The global facility management market has been segmented on the basis of deployment, component, industry vertical, organization size as well as geography. On the basis of the component, this market has been bifurcated into the services or solutions. The segment of solution includes the workplace, asset management as well as the management of relocation, real estate, strategic facility planning as well as the lease management, maintenance management in addition to the others, program management, project management and the management of technology.

In terms of the deployment platform, this market has been categorized on-premise and the cloud-based. The solutions of web-based have been included in the segment which is cloud-based while the software for the iOS as well as Android have been included in the segment of on-premise. By the size of organization, the global facility management market has been studied in the larger organizations as well as the small and medium enterprises. On the basis of industrial vertical, global facility management market has been classified into the BSFI, financial services and banking in addition to the public sector, manufacturing, retail as well as others.

Facility Management Segmentation

By Solutions

• Integrated Workplace Management System
• Building Information Modeling
• Facility Operations and Security Management
• Facility Environment Management
• Facility Property Management

By Service

• Deployment and Integration
• Consulting
• Auditing and Quality Assessment
• Support and Maintenance
• SLA Management

By Deployment Type

• On-Premises
• Cloud

By Vertical

• BFSI
• IT and Telecom
• Government and Public Administration
• Healthcare
• Education
• Retail
• Energy and Utilities
• Manufacturing
• Construction and Real Estate
• Others

By Organization Size

• SMEs
• Large Enterprises

Facility Management Market Key Players

Major players who are operating in the global facility management market has been including,

• Oracle Corporation
• IBM corporation
• Archibus Inc,
• CA technologies
• Trimble Inc
• Planon Corporation

Cloud Based Solutions To Drive The Growth In The Global Facility Management Market

The major factors of the growth in the global facility management market has been increasing the adoption of the solutions which are cloud-based changing in the organizations structure as well as the work management and the introduction of the novel solutions by the major players in the global facility management market. The factors which are hindering the growth of the market including the lack of any awareness about the solutions of facility management and the benefits and the increasing in demand from the service outsourcing.

The Global facility management market in North America Has Been Generating The Highest Amount Of Revenues

The global facility management market in North America has been generating the highest amount of revenue owing to the increase in spending in ICT, the presence of a lot of enterprises and the rise in the adoption of the Internet of Things. The global facility management market of Asia-Pacific has been expected to see a growth at a good rate due to the increase in the penetration of the internet and the development in the market of construction industry as well as the surging in the requirement of a better management of data.

In the area of Latin America, the global facility management market has been expected to grow at a level which is at a rate considerably due to their growth in GDP being strong and the higher investments in infrastructure. In the Middle East, the market is going to increase in the activities of construction.

Regions and Country

North America

• U.S.
• Canada

Europe

• Germany
• France
• U.K.
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Switzerland
• Belgium
• Rest of Europe

Asia-Pacific

• South Korea
• Japan
• China
• India
• Australia
• Philippines
• Singapore
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America

• Mexico
• Colombia
• Brazil
• Argentina
• Peru
• Rest of South America

Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA

Report Analysis	Details
Historical data	2018 - 2021
Forecast Period	2022 - 2028
Market Size in 2021:	USD 50.22 Billion
Base year considered	2021
Forecast Period CAGR %:	11.80%
Market Size Expected in 2028:	USD 98.07 Billion
Tables, Charts & Figures:	175
Pages	300
Facility Management Companies	Oracle Corporation, IBM corporation, Archibus Inc,, CA technologies, Trimble Inc, Planon Corporation
Segments Covered	By Solutions, By Service, By Deployment Type, By Vertical, By Organization Size
Regional Analysis	North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa