Facility Management Services Market is segmented By Facility Management Services (In-House, Outsourced, and Integrated), By Solution (Integrated Workplace Management System, Building Information Modeling, Facility Operations and Security Management, Facility Environment Management, and Lease Accounting and Real Estate Management), By Services (Consulting, Auditing and Quality Assessment, Support and Maintenance, and Service Level Agreement Management), By Deployment Mode (On-Premises and Cloud-Based), By Organization Facility Management Type (Large Enterprises and Small and Medium-Sized Enterprises), and By Vertical (IT and Telecom, Healthcare, Retail, Manufacturing, Construction and Real Estate, Banking, Financial Services, and Insurance (BFSI), Government and Public Administration, and Others) and Region (United States, Canada, Mexico, South America, France, Germany, Italy, Spain, United Kingdom, Russia, China, India, Philippines, Malaysia, Australia, Austria, South Korea, Middle East, Japan, South Africa, Rest of World)
Facility Management Services Market size was estimated at $1,314 billion in 2020 and is expected to reach $2,127.4 billion by 2028, growing at a CAGR of 5.5% during the forecast period of 2021 to 2028.
Facility management includes multiple disciplines that work together to guarantee that the physical environment is comfortable, functional, efficient, and safe. This is accomplished by combining location, people, process, and technology. Facilities management services are provided by an outsourced service provider responsible for the administration and maintenance of the building facilities and the performance of numerous non-core business operations on behalf of the company. FM vendor services are divided into complex services, business services (also known as soft services), and energy management. The rising emphasis on upgrading office spaces and urban growth has increased the demand for facility management services.
Providing facility management services assists the facility management team in the construction of environmentally friendly buildings and the most effective operation of various activities.
Facility management systems assist facility managers in identifying underused and underperforming facilities, assets, processes, and people and enhancing the performance of existing facilities. In contrast, due to industrialization, the facility management business has increased in recent decades. This industry is defined as providing maintenance assistance, user management, and project management, among other things.
Enterprises do not fully grasp the benefits of facility management. The issue stems from a failure to comprehend and embrace required technology. Numerous organizations are still utilizing cloud computing and have not yet adopted an IoT ecosystem. Additionally, their move from traditional office layouts to a more current configuration is in its infancy. Even though facilities management is a critical component of operations, businesses are ignorant of the emerging solutions. This has complicated businesses efforts to provide equal weight to their facilities management department without jeopardizing essential business operations. Another issue that develops, particularly in complexes with several buildings, is a lack of consistency. When problems occur, immediate action is necessary to preserve access and guarantee security.
Facility Management Services Market Growth and Trend
It is anticipated that the demand for facility management services will continue to grow throughout the projected period as it has done in recent years. Increased government expenditure on industries such as transportation, energy, and construction has resulted in a rise in demand for these products. The personnel, facilities, and other assets of facility management service providers are coordinated with those of building management to ensure that their services are delivered effectively.
Hosting facility management software in the Cloud is a dependable method of storing and distributing data. They also assist companies in lowering their operational expenses by enhancing security and cooperation among teams and subsidiaries that are spread across different locations, which helps them save money. Some of the other benefits of cloud-based facility management solutions include safe hosting of vital data, increased security, and scalability. It can also recover quickly from disasters. Cloud hosting platforms, whether shared or private, retain backups of essential server data, allowing companies to rapidly and efficiently restore vital server data. Secure logins provide easy access to the data from any location with a reliable internet connection and a secure login. In addition, cloud-based facilities management systems improve customer satisfaction while simultaneously lowering repair and maintenance expenses. As a consequence of these advantages, there has been an increase in cloud-based solutions for integrating facility management services, which is expected to fuel the markets expansion.
Additionally, client companies simplify their facilities and procedures to generate a significant return from their company operations. Facilities are needed to operate at a higher level of efficiency, contributing to the overall improvement in the efficiency of business operations. Energy management is a critical area in which FM service providers must excel, and they have their job cut out for them. Another important reason boosting the need for facility management services in the market is the increasing infrastructural development throughout the world, accompanied by infrastructure development.
Facility Management Services Market Segmentation
The facility management services market is segmented by facility management services, solution, services, deployment mode, organization facility management type, and vertical. Based on facility management services, the market consists of in-house, outsourced, and integrated. By Solution, the market consists of Integrated Workplace Management System, Building Information Modeling, Facility Operations and Security Management, Facility Environment Management, and Lease Accounting and Real Estate Management. Based on services, the market is segmented into Consulting, Auditing and Quality Assessment, Support and Maintenance, and Service Level Agreement Management. Based on deployment mode, the market is segmented into on-premises and cloud-based system. By Organization Facility Management Type, the market is divided into small and medium enterprises (SME) and large enterprises. The cloud-based system segment is expanding owing to the technological advancements and emergence of the 5G network. Based on vertical, the market is divided into IT and telecom, healthcare, retail, manufacturing, construction and real estate, Banking, Financial Services, and Insurance (BFSI), government and public administration, and others
Facility Management Services Market Country Analysis
North America is projected to dominate the market because of its rapid economic expansion and significant infrastructure spending. Mergers and acquisitions are likely to be the primary growth strategy for rivals looking to expand their product offerings in the North American area. The area features robust and established economies that are rapidly investing in R&D operations to advance emerging technologies such as AI, machine learning, cloud computing, and big data. The area also benefits from the presence of the majority of significant providers of facility management systems and services, such as Oracle, IBM, and Accruent. Asia-Pacific is expected to expand at the fastest CAGR throughout the projection period, owing to increased construction activity, a shift in organizational culture, and the simplicity of contract management.
Facility Management Services Market Share and Competition
The major players operating in the global facility management services market are Accruent, Apleona HSG GmbH, ARCHIBUS, Inc., Archidata Inc., Autodesk Inc., CA Technologies, FM Systems, IBM, iOFFICE, ISS, JadeTrack Inc., NEMETSCHEK INC., OfficeSpace Service Inc., ONE FM, Oracle, Planon, SAP SE, SatNav Technologies, Sodexo, Trimble Inc., and Trivalor.
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• Estimation/projections/forecast for revenue and unit sales (2021 – 2028)
• Data breakdown for every market segment (2021 – 2028)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Facility Management Services Analysis (Revenue, USD Million, 2021 - 2028)
Component Type Analysis (Revenue, USD Million, 2021 - 2028)
• Integrated Workplace Management System
• Building Information Modeling
• Facility Operations and Security Management
o Lighting Control
o HVAC Control
o Video Surveillance and Access Control
o Emergency and Incident Management
• Facility Environment Management
o Sustainability Management
o Waste Management
o Facility Property Management
• Lease Accounting and Real Estate Management
o Asset Maintenance Management
o Relocation Management
o Reservation Management
Service Analysis (Revenue, USD Million, 2021 - 2028)
• Auditing and Quality Assessment
• Support and Maintenance
• Service Level Agreement Management
Deployment Mode Analysis (Revenue, USD Million, 2021 - 2028)
Organization Facility Management Type Analysis (Revenue, USD Million, 2021 - 2028)
• Small and Medium Enterprises
• Large Enterprises
Vertical Analysis (Revenue, USD Million, 2021 - 2028)
• IT and Telecom
• Construction and Real Estate
• Banking, Financial Services, and Insurance (BFSI)
• Government and Public Administration
Region Analysis (Revenue, USD Million, 2021 – 2028)
• North America
o United States
• South America
o United Kingdom
• Asia Pacific
o South Korea
• Middle East
o GCC C ountries
o South Korea
• South Africa
• Rest of World
Facility Management Services Market Companies
• Apleona HSG GmbH
• ARCHIBUS, Inc.
• Archidata Inc.
• Autodesk Inc.
• CA Technologies
• FM Systems
• JadeTrack Inc.
• NEMETSCHEK INC.
• OfficeSpace Service Inc.
• ONE FM
• SAP SE
• SatNav Technologies
• Trimble Inc.
• United States Facility Management Services Industry Research Report
• Europe Facility Management Services Industry Research Report
• Asia Pacific Facility Management Services Industry Research Report
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