Facility Management Services Market - Overview
The need for ascertaining regulatory and
environmental compliances is boosting the Facility Management Services Market 2020. The information &
communication technology industry reports created by Market Research Future
summarize opportunities for advancement.
A 12% CAGR is estimated to promote earnings to USD 61 billion in the
forecast period.
The mounting use for sole integrated facility
management for harmonizing the financial regulations & economies of the
firms is estimated to guide the facility management services industry. The
significant changes being undertaken in the physical workplace are further
estimated to advocate the facility management services market in the upcoming
period. Moreover, the trend of sustainable infrastructure is anticipated
further to encourage growth in the facility management services market size.
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Segmental Analysis
The segmental assessment of the facility management
services market is carried on the basis of services, deployment, organization
size, industry verticals, and region. Based on deployment, the facility
management services market is segmented into on-premise deployment and cloud
deployment. The industry vertical based segmentation of the facility management
services market comprises of retail, IT & telecom, healthcare, government,
BFSI, energy & utilities, and others. The region based segmentation of the
market is segmented into Europe, Asia Pacific, North America, and the rest of
the regions. Based on services, the market for facility management services
comprises of inventory management, project management, operations management,
maintenance management, and others. By organization size, the facility
management services market is segmented into large enterprise and SME.
Detailed Regional Analysis
The regional investigation of the facility
management services market includes regions such as Europe, North America, Asia
Pacific, and the rest of the world, such as Africa, the Middle East, and South
America.
The United States is the foremost provider to the
facility management market in the North American region. The upsurge in implementation
of software in government, enterprises, and public sectors is among the factors
considerably boosting the development of the facility management market in
North America. The technological advancements in the region and early use of
the technology the North American regional market is controlling the global
market. As the APAC region perceives remarkable changes especially in
infrastructure and manufacturing sectors it is expected to grow at a speedy
pace in the forecast period. The significant demand in the Asia Pacific region
is due to upsurge in demand for automation in manufacturing & production
facilities thus boosting the global market.
Competitive Analysis
The support of the administration in countries
around the world is estimated to have a significant impact on the progress of
the market in the upcoming period. The revamping of distribution channels is
also expected in the coming years with a particular focus on using robots for
the logistic function on a larger scale than before. The market is in a state
of flux due to the rapid and severe changes in the global economy. The
fortification of the human resource is estimated to be the critical point being
addressed in these times of uncertainty. The rebooting of manufacturing
activities is another strategic aspect that is being emphasized to ensure that
the supply of the end product can be reasonably ensured to the users in the
market. The market players are taking the steps that are necessary to ensure
that the market survives the turbulent period and emerge recovered in the
future.
The prominent contenders in the facility management
services market are FM: Systems Group, LLC. (U.S.) Trimble Inc. (U.S.), SAP AC
(Germany), International Business Machines Corp. (U.S.), ARCHIBUS, Inc. (U.S.),
Oracle Corporation (U.S.), CA Technologies (U.S.), Accruent (U.S.), Planon Ltd.
(Netherlands) and MCS Solutions Pvt Ltd (India)
to name a few.
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