Facility Management Market Research Industry Trends to Watch in 2020

Facility management (FM) services offer management methods and techniques that include building management and infrastructure management. These services are required to harmonize work environment in an organization. Facility management is capable of standardizing services and streamline processes for an organization. Increasing spending by private and government authorities are expected to play major role in shaping the market over the coming years.

North America is witnessing significant advancement in facility management solutions owing to latest technological evolution. Major players dominating the global market include IBM Corporation, Oracle Corporation, SAP SE, and Planon Corporation.

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The report titled “Facility Management Market Global Market Share, Trends, Analysis and Forecasts, 2020-2030” offers market estimates for a period 2018 to 2030, wherein 2018 is historic period, 2019 is the base year, and 2020 to 2030 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global facility management market. Furthermore, the report would reflect on the key developments, global & regional sales network, business strategies, security & exchange overview, research & development activities, production facilities, product portfolio, employee strength, and key executive, for all the players considered under the scope of study. For instance, SAP reported revenues of US$ 25,961 Million in 2018 and the segment and geographic analysis of the company indicates that Software License and support is the dominating revenue segment of the company, with the Europe and Middle East & Africa being the major revenue generating region.

The facility management market study takes into consideration market segmentation based on type, solution, deployment, service type, organization size, and geography. Based on type, the global facility management services market is segmented into single, bundled and IFM. Based on solution, the market is segmented into strategic planning and project management, workplace and relocation management, sustainability management, maintenance management, and others. Based on deployment, the market is segmented into on premise and cloud. Based on service type, the market is segmented into deployment and integration, consulting, auditing and quality assessment, support and maintenance and service level agreement management. On the basis of organization size, the global facility management services market is segmented into small and medium enterprises, and large enterprises. Based on geography, the market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa.

The study provides in-depth analysis of individual company considered under the scope of study with a focus on all operating business segment, and would identify the segment of the company focusing on facility management solutions and services. Further, market share of company in the global facility management market would also be calculated. For instance, SAP operates through four business segments namely Cloud Subscriptions & Support, Software Licenses, Software Support, and Services. Moreover, Cloud Subscriptions & Support and Software License and Support business segment of the company deals with Facility Management.

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The report study takes into consideration the key competitive information such as business strategy, product portfolio, key development, SWOT analysis, and research and development focus of all the facility management solution developers and service providers. Furthermore, the global facility management market study would take into consideration the participants engaged throughout the supply ecosystem of the facility management market, along with their contribution. Product portfolio would focus on all the products under the facility management business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the global facility management market. For instance, “On April 5, 2018, SAP completed the acquisition of Callidus Software Inc. (CallidusCloud). In light of this acquisition and our strong operating profit in the first quarter, we adjusted our outlook in April 2018 for all parameters.”