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.
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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..
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.
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.
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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