The global facility management market reached a value of US$ 48.9 Billion in 2020. Facility management (FM) refers to an integrated system of technologies that are utilized to improve the efficiency of commercial and residential spaces. FM solutions, such as building management, operations and security management, Computer-Aided Facilities Management (CAFM), etc., are used for space planning, equipment maintenance, portfolio forecasting, business continuity, emergency preparedness and environmental sustainability. For organizations and offices, they aim to ensure maximum productivity by streamlining and standardizing routine tasks. Owing to these benefits, FM solutions find extensive applicability across the residential, banking, finance service and insurance (BFSI), retail, healthcare and education sectors.
The emerging trend of digitalization, along with the increasing adoption of the Internet of Things (IoT) and cloud-based software, currently represent the key factors driving the growth of the market. The utilization of advanced technologies, such as cloud computing and augmented reality (AR) for managing a building, have enabled managers to reduce their dependency on human resources and improve their operational efficiencies. Furthermore, the emergence of Integrated Facility Management (IFM) is acting as another growth-inducing factor. IFM enhances productivity by simplifying repetitive operations and combining all office-related functions under a single management team. FM services are also utilized to conveniently manage home-based, on-the-go, after-hours and employees, as well as the outsourced services, while ensuring the availability of all necessary tools required for maximum productivity. Apart from this, these solutions are used to create a safe working environment, reduce energy costs and asset tracking. Moreover, the implementation of favorable government policies promoting infrastructural automation, coupled with the increasing adoption of software-as-a-service (SaaS) deployment model, is projected to drive the market further. Looking forward, IMARC Group expects the global facility management market to exhibit strong growth during the next five years.
Historical, Current and Future Market Trends
Market Breakup by Solution:
Integrated Workplace Management System
Facility Operations and Security Management
Building Information Modeling
Facility Property Management
Facility Environment Management
Market Breakup by Service:
Deployment and Integration
Auditing and Quality Assessment
Support and Maintenance
Service Level Agreement Management
Market Breakup by Deployment Type:
Market Breakup by Organization Size:
Small and Medium Size Enterprises
Market Breakup by Vertical:
Banking, Financial Services, and Insurance
IT and Telecom
Government and Public Administration
Energy and Utilities
Market Breakup by Region:
Middle East and Africa
The report has also analyzed the competitive landscape of the market with some of the key players being IBM, Oracle, Trimble, CA Technologies, SAP, Archibus, Accruent, Maintenance Connection, MCS Solutions, Planon, Ioffice, Jadetrack, Metricstream, Emaint, Facilities Management Express, etc.
Key questions answered in this report:
How has the global facility management market performed so far and how will it perform in the coming years?
What are the key regional markets in the global facility management industry?
What has been the impact of COVID-19 on the global facility management market?
What is the breakup of the market based on the solution?
What is the breakup of the market based on the service?
What is the breakup of the market based on the deployment type?
What is the breakup of the market based on the organization size?
What is the breakup of the market based on the vertical?
What are the various stages in the value chain of the global facility management industry?
What are the key driving factors and challenges in the global facility management industry?
What is the structure of the global facility management industry and who are the key players?
What is the degree of competition in the global facility management industry?