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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