In addition, the real estate industry is expected to rise considerably in terms of market share, followed by the others, which mostly include businesses such as IT and telecommunications and BFSI. - 264) 12.1 MAJOR PLAYERS (Business Overview, Products, Key Insights, Recent Developments, COVID-19 Response, MnM View)* 12.1.1 IBM TABLE 347 IBM: BUSINESS OVERVIEW FIGURE 50 IBM: FINANCIAL OVERVIEW TABLE 348 IBM: PRODUCTS OFFERED TABLE 349 IBM: PRODUCT LAUNCHES TABLE 350 IBM: DEALS 12.1.2 ORACLE TABLE 351 ORACLE: BUSINESS OVERVIEW FIGURE 51 ORACLE: FINANCIAL OVERVIEW TABLE 352 ORACLE: PRODUCTS OFFERED TABLE 353 ORACLE: PRODUCT LAUNCHES TABLE 354 ORACLE: DEALS 12.1.3 SAP TABLE 355 SAP: BUSINESS OVERVIEW FIGURE 52 SAP: FINANCIAL OVERVIEW TABLE 356 SAP: PRODUCTS OFFERED TABLE 357 SAP: PRODUCT LAUNCHES TABLE 358 SAP: DEALS 12.1.4 TRIMBLE TABLE 359 TRIMBLE: BUSINESS OVERVIEW FIGURE 53 TRIMBLE: FINANCIAL OVERVIEW TABLE 360 TRIMBLE: PRODUCTS OFFERED TABLE 361 TRIMBLE: PRODUCT LAUNCHES TABLE 362 TRIMBLE: DEALS 12.1.5 FORTIVE TABLE 363 FORTIVE: BUSINESS OVERVIEW FIGURE 54 FORTIVE: FINANCIAL OVERVIEW TABLE 364 FORTIVE: PRODUCTS OFFERED TABLE 365 FORTIVE: DEALS 12.1.6 INFOR TABLE 366 INFOR: BUSINESS OVERVIEW TABLE 367 INFOR: PRODUCTS OFFERED TABLE 368 INFOR: PRODUCT LAUNCHES TABLE 369 INFOR: DEALS 12.1.7 MRI SOFTWARE TABLE 370 MRI SOFTWARE: BUSINESS OVERVIEW TABLE 371 MRI SOFTWARE: PRODUCTS OFFERED TABLE 372 MRI SOFTWARE: PRODUCT LAUNCHES TABLE 373 MRI SOFTWARE: DEALS TABLE 374 MRI SOFTWARE: OTHERS 12.1.8 PLANON TABLE 375 PLANON: BUSINESS OVERVIEW TABLE 376 PLANON: PRODUCTS OFFERED TABLE 377 PLANON: PRODUCT LAUNCHES TABLE 378 PLANON: DEALS TABLE 379 PLANON: OTHERS 12.1.9 SERVICE WORKS GLOBAL TABLE 380 SERVICE WORKS GLOBAL: BUSINESS OVERVIEW TABLE 381 SERVICE WORKS GLOBAL: PRODUCTS OFFERED TABLE 382 SERVICE WORKS GLOBAL: PRODUCT LAUNCHES TABLE 383 SERVICE WORKS GLOBAL: DEALS TABLE 384 SERVICE WORKS GLOBAL: OTHERS 12.1.10 FACILITIES MANAGEMENT EXPRESS (FMX) TABLE 385 FACILITIES MANAGEMENT EXPRESS (FMX): BUSINESS OVERVIEW TABLE 386 FACILITIES MANAGEMENT EXPRESS (FMX): PRODUCTS OFFERED TABLE 387 FACILITIES MANAGEMENT EXPRESS (FMX): OTHERS*Details on Business Overview, Products & Services, Key Insights, Recent Developments, COVID-19 Response, MnM View might not be captured in case of unlisted companies. The facility management market is segmented on the basis of offering, deployment type, organization size and vertical. Several large facilities management service providers with a heavy initial investment in facilities services hardly face challenges regarding limited utilization of technology; this is due to the contracts taken for a long time period. As the market for facility management solutions gains pace, the demand for services is also expected to increase, especially for quality assessment and auditing, and deployment and integration services. It is attributed to the increase in government methods to develop smart cities in the APAC region. The International Facility Management (IFM) market is growing at a CAGR of 10.8% to reach $58.7 billion by 2025. The global facility management services market was valued at $1,253.30 billion in 2020, and is projected to reach $2,525.10 billion by 2030, growing at a CAGR of 7.1% from 2021 to 2030. What was the size of the global facility management market in 2021? It reduces the complication rate and expenses associated with space management. Demand for cloud-based solutions is increasing across the globe, owing to the rise in IoT applications, increase in internet penetration, and surge in adoption of smart devices. The integration of facility management solutions with ERP systems is a complicated task, as the integration is done in different stages. The issue stems from a lack of knowledge and adoption of the required technology. Who are the key vendors in the Facility management market? It is designed to consider the need for creative solutions within the NHS, with this second version having a broader scope that now includes COVID-19 safety provisions and a focus on innovation. Among these, the banking, financial services, and insurance sector (BFSI) Hard FM deals with physical assets, such as plumbing, wiring, elevators, and heating & cooling. - 128) 7.1 INTRODUCTION 7.1.1 DEPLOYMENT MODE: MARKET DRIVERS 7.1.2 DEPLOYMENT MODE: COVID-19 IMPACT FIGURE 41 ON-PREMISES DEPLOYMENT TO ACCOUNT FOR A LARGER MARKET SIZE DURING THE FORECAST PERIOD TABLE 74 MARKET SIZE, BY DEPLOYMENT MODE, 20162020 (USD MILLION) TABLE 75 MARKET SIZE, BY DEPLOYMENT MODE, 20212026 (USD MILLION) 7.2 CLOUD 7.2.1 CLOUD-BASED DEPLOYMENTS INVOLVE ON-DEMAND REQUIREMENTS PROVIDED AS SOFTWARE-AS-A-SERVICE (SAAS) SOLUTIONS OFFERED BY FACILITY MANAGEMENT TABLE 76 CLOUD: MARKET SIZE, BY REGION, 20162020 (USD MILLION) TABLE 77 CLOUD: MARKET SIZE, BY REGION, 20212026 (USD MILLION) 7.3 ON-PREMISES 7.3.1 ON-PREMISES DEPLOYMENT OFFERS OFFLINE DATA ANALYTICS AND CONFIGURATION AND PROVIDES BETTER CONTROL OVER SYSTEMS AND DATA TABLE 78 ON-PREMISES: MARKET SIZE, BY REGION, 20162020 (USD MILLION) TABLE 79 ON-PREMISES: MARKET SIZE, BY REGION, 20212026 (USD MILLION), 8 FACILITY MANAGEMENT MARKET, BY ORGANIZATION SIZE (Page No. These factors drive the market growth in Asia-Pacific. 2022 Allied Market Research. The Facility Management Market is Segmented By Type of Facility Management Type (In-house Facility Management, Outsourced Facility Management (Single FM, Bundled FM, Integrated FM), By Offerings (Hard FM, Soft FM), By End-User (Commercial, Institutional, Public/Infrastructure, Industrial), and Geography. assessment, and others. According to UnivDatos Market Insights (UMI)' research report "Facility Management Market", the market is expected to witness a CAGR of around 11% growth during the forecast period (2021 . According to Qatars Ministry of Finance, infrastructure projects are allocated QAR 74 billion, which is approximately 36.0% of the states interest in accomplishing the major development projects on schedule, especially those related to hosting the FIFA World Cup Qatar 2022. 9. The global facility management market size was valued at USD 1,239.99 billion in 2021. Need to talk to an expert? Looking forward, the global Facility Management Software market is projected to reach a value of US . The services include reactive and planned maintenance, mandatory safety checks through asset replacement, etc. Owing to these benefits, FM solutions find extensive applicability across the residential, banking, finance service and insurance (BFSI), retail, healthcare and education sectors. They are often required to be integrated with ERP systems. 5. However, the industry is well-placed to take advantage of infrastructural investments in the global scenario. Based on the solutions type, the global facility management market can be bifurcated into facility Outsourcing of facility management continues to increase in popularity. However, the study is mainly focused toward technology part of the facility management, which includes software and services used to increase efficiency and effectiveness of facility management services. Enova seeks a digital omnipresence and customer service prominence for growth and modernization to support smart FM in the Middle East. COVID-19 Impact on Facility Management Industry. Standardized services and streamlined process are constant demands from organizations aiming to progress beyond conventional facility management. Moreover, due to subsequent lockdowns in key states throughout the U.S. and Canada as a result of the COVID-19, there has been a downfall in the market during 2020 to 2021. Facility management is described by the International Facility Management Association (IFMA) as integrating a physical workplace with an organization's people and work, which includes tasks such as equipment maintenance, space planning, and portfolio forecasting. Region wise, the facility management market share was dominated by North America in 2020, and is expected to retain its position during the forecast period, due to demand for facility management services created by expansion from growth in domestic oil & gas production, increase in adoption of smart technology in workspace, surge in need to address data security concerns of clients to ensure a competitive position, and rise in positive impact of mid-size commercial organizations boost the facility management market in North America. This is the second in a series of Hard Facilities Management frameworks developed by the organization. Asia Pacific is projected to hold the largest market share, followed by Europe and North America. our privacy policy, By submitting, you confirm that you agree to our privacy The major vendors in the global facility management market include International Business Machines Corporation (US), Oracle Corporation (US), SAP SE (Germany), Trimble Inc. (US), Fortive (US), MRI Software LLC (US), Planon (US), Infor (US), Service Works Global (UK), Facilities Management eXpress (US), Causeway Technologies (UK), FM:Systems (US), Spacewell International (Belgium), iOFFICE + SpaceIQ (US), Archidata Inc. (Canada), JadeTrack Energy Management Software (US), UpKeep Maintenance Management (US), Apleona GmbH (Germany), FacilityONE Technologies LLC (US), OfficeSpace Software Inc. (US), Facilio (US), eFACiLiTY (India), InnoMaint (India), Nuvolo (US), QuickFMS (India), and zLink (US).The study includes an in-depth competitive analysis of these key players in the facility management market with their company profiles, recent developments, and key market strategies. The communications industry is growing at an exponential rate owing to the technological advancements in recent years and with the advent of 5G wireless network technology, this industry is bound . The growing establishment of multinational companies & start-up, and the upsurging demand for these services is the key aspect driving the Qatar Facility Management Market. Asia-Pacific is expected to witness significant growth during the forecast period, owing to increase in demand for facility management solutions and rise in adoption of cloud-based solutions, particularly in Iraq, Pakistan, Afghanistan, and India. 8. On the basis of component, the market is bifurcated into. The Porters five forces analysis illustrates the potency of the buyers and suppliers operating in the industry. Based on services type, property services dominated the overall . Request a Free sample to learn more about this report. In addition to the aforementioned factors, the report encompasses several factors contributing to the market's growth in recent years. On the contrary, increase in demand of services outsourcing is expected to offer remunerative opportunities for expansion of the FM industry during the forecast period. Fortune Business Insights says that the value of the global market was USD 1,239.99 billion in 2021. IMARC Group provides an analysis of the key trends in each sub-segment of the global facility management market, along with forecasts at the global and regional level from 2022-2027. Moreover, the government sector is expected to witness progressive market growth in the market. Region wise, the facility management market share was dominated by North America in 2020, and is expected to retain its position during the forecast period, due to demand for facility management services created by expansion from growth in domestic oil & gas production, increase in adoption of smart technology in workspace, surge in need to address data security concerns of clients to ensure a competitive position, and rise in positive impact of mid-size commercial organizations boost the facility management market in North America. It comes with the additional cost of $2500.00 contact sales. Sodexo, CBRE Group, Inc., ISS A/S, and Johnson Controls International plc. Robust growth in the infrastructure sector and emerging investments in various sectors across the world are the key market drivers. The global facility management market reached a value of US$ 55.1 Billion in 2021. This helps in boosting the facility management industry towards growth. This has made it a complex task for organizations to give equal importance to their facility management department without hindering the core business processes. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. Moreover, service providers across the world have ample opportunities for seeking contracts from private sectors, and this further increases the facility management market share globally. The Facility Management Market was valued at USD 1129.39 billion in 2021 and is expected to reach USD 1505.26 billion in 2027, registering a CAGR of 4.66% over the forecast period (2022-2027). Facility management services help organizations across various verticals effectively improve the performance and agility of their facilities. This growth is attributed due to the presence of developing countries in the region, such as India and China. 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. The key players that operate in the facility management industry are Accruent, Archibus, CA Technologies, iOFFICE, FM System, IBM Corporation, PLANON, Oracle Corporation, SAP SE, and Trimble, Inc. Information about key drivers, restraints, & opportunities and their impact analysis on global facility management market trends is provided in the report. [450 Pages Report] The facility management software market revenue totaled ~ US$ 18,990.0 Mn in 2021. Thank you for contacting us, our sales representative will get in touch with you shortly! The United Kingdom is one of the largest markets for facility management services in Europe in terms of maturity and sophistication. Global Facility Management Market Segmentation: By Component (Solution and Services) By Deployment Platform (On-premise and Cloud-based) By Organization Size (Large and Small & Midsize) By Industry Vertical (BFSI, IT & Telecom, Public sector, Healthcare, Manufacturing, Retail, Real Estate, Others) Table of Contents Furthermore, the facility management industry in India is expected to show major growth during the forecast period. IC : Software and Services| Pages: 286 | Author(s) : Md K, Beesetty Y, Pramod B , Vineet K, Single User License, Five User License & Enterprise User License. Therefore, both these factors are projected to inhibit the growth of the facility management market. market share. Furthermore, various companies expand their current capabilities by entering into product launch with diversification among customers with growth in investment across the globe and increase in demand for facility management. The report includes drivers . Facility management solutions cannot be used as isolated solutions in the facilitys digital architecture. The report analyses the Facility Management market for the historical (2016-2020) and forecast (2021-2027) periods. To speak to our analyst for a discussion on the above findings, click Speak to Analyst, 1 INTRODUCTION (Page No. 1.1 Study Assumptions and Market Definition, 4.2 Industry Attractiveness-Porter's Five Forces Analysis, 4.3 Impact of COVID-19 on the Facility Management Industry, 5.1.1 Increasing Investments in Healthcare Infrastructure and the Construction of Healthcare Facilities, 5.1.2 Requirement of Building Information Modeling (BIM) in Commercial Buildings Addresses the Growth, 5.2.1 Increased instances of Data Breaches and Security Threats, 7.1.9 Shine Management & Facility Services. Facility Management Market - Growth, Trends, COVID-19 Impact, and Forecasts (202 Financial Services and Investment Intelligence, Healthcare Facilities Management Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027), India Facility Management Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027), Qatar Facility Management Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027), GCC Facility Management Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027), Africa Facility Management Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027), United Arab Emirates Facility Management Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027), Oman Facility Management Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027), Kuwait Facility Management Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022-2027). Key verticals adopting facility management solutions and services include into BFSI, IT and telecom, government and public administration, healthcare, education, retail, energy and utilities, manufacturing, construction and real estate, and other verticals [media and entertainment, transportation and logistics, and hospitality]. Hard Services Segment to Hold Major Market Share Aided by Development in Infrastructure Sector. However, the integrated FM service was significantly ahead of the single FM service in the survey. In May 2020, Oracle partnered with Propre Japan Inc. Oracle Japan would help Propre Japan Inc. to innovate Propres real estate big data platform for 17 countries around the world. Additionally, management industry experts consult clients about the weak links in their facilities and suggest solutions that would suit their business needs. It is an IT service model for enterprises that manages strategic business requirements of the organizations along with the usual operations, which experience considerably higher growth rates during the forecast period. - 36) 1.1 INTRODUCTION TO COVID-19 1.2 COVID-19 HEALTH ASSESSMENT FIGURE 1 COVID-19: THE GLOBAL PROPAGATION FIGURE 2 COVID-19 PROPAGATION: SELECT COUNTRIES 1.3 COVID-19 ECONOMIC ASSESSMENT FIGURE 3 REVISED GDP FORECASTS FOR SELECT G20 COUNTRIES IN 2020 1.3.1 COVID-19 ECONOMIC IMPACTSCENARIO ASSESSMENT FIGURE 4 CRITERIA IMPACTING THE GLOBAL ECONOMY FIGURE 5 SCENARIOS IN TERMS OF RECOVERY OF THE GLOBAL ECONOMY 1.4 OBJECTIVES OF THE STUDY 1.5 MARKET DEFINITION 1.5.1 INCLUSIONS AND EXCLUSIONS 1.6 MARKET SCOPE 1.6.1 MARKET SEGMENTATION FIGURE 6 FACILITY MANAGEMENT MARKET SEGMENTATION 1.6.2 REGIONS COVERED FIGURE 7 FACILITY MANAGEMENT MARKET SEGMENTATION, BY REGION 1.6.3 PERIODIZATION CONSIDERED 1.7 CURRENCY CONSIDERED TABLE 1 USD EXCHANGE RATES, 20182020 1.8 STAKEHOLDERS 1.9 SUMMARY OF CHANGES, 2 RESEARCH METHODOLOGY (Page No. Based on the services type, the global facility management market has been segregated into Standardization can reduce costs, response time, and the need for the maintenance of personnel to learn how to maintain and replace a wide range of components. Soft FM focuses on tasks performed by people, such as custodial services, lease accounting, catering, security, and groundskeeping. The global facilities management market was valued at US$ 39.92 Bn in 2020. Based on the organization size, the global facility management market has been categorized into large The global facility management market size was estimated at US$ 1.26 trillion in 2021 and is expected to surpass around US$ 1.9 trillion by 2030 with a registered CAGR of 4.7% from 2022 to 2030. Very satisfied with the overall report as it has helped me to build strategies for my business, This is regarding the recent report I bought from Fortune Business insights. Payment Failed. The rapidly expanding building sector in India, as well as China, is expected to help the businesses in the country. 4. The research methodology used to estimate the market size includes the following: After arriving at the overall market size using the market size estimation processes as explained above, the market was split into several segments and subsegments. The facility management market is categorized into soft services, hard services, and others, on the basis of type. The rise in demand for outsourcing is driven by the increased installation cost of in-house facility management teams and the complex task of managing a large suite of services. The global market research report provides a detailed analysis of the types and industry verticals. However, Asia-Pacific is expected to witness significant growth during the forecast period, owing to increase in demand for facility management solutions and rise in adoption of cloud-based solutions, particularly in Iraq, Pakistan, Afghanistan, and India. holds the majority of the total market share. the majority of the total market share. Depending on component, solution segment holds the largest facility management market share, as it offers numerous features, including maintenance management, space management, asset management, move management, and real-estate portfolio management. Understanding the market size and growth in Facility Management market. Services play a vital role in the deployment and integration of facility management solutions in an enterprises facility. June 2022 - Imdaad, a group of companies based in Dubai that offers integrated, sustainable facilities management services that improve operational efficiencies of physical assets, has officially formed a new joint venture with LMD, a prominent real estate provider in Egypt, to provide a full range of quality facility management solutions across the entirety of Egypt. The International Facility Management Association (IFMA) defines facility management as the practice that coordinates physical workplace with the people and work of the organization encompassing various forms of . Facility Management (FM) Market size exceeded USD 1 trillion in 2020 and is anticipated to grow at a CAGR of over 10% from 2021 to 2027. "Self-Storage Facility Management Software market revenue was Million USD in 2016, grew to Million USD in 2020, and will reach Million USD in 2026, with a CAGR of % during review period." expertise, problem solving ability and inclination. However, to resolve such issues, the workforce and controlling costs will play a vital role. Global Facility Management Market. Healthcare and education sectors have the highest demand for these services that can offer such services effectively and can help end-users to enhance and focus on their primary businesses. Corporate License. 97 billion in 2020, and it is expected to reach USD 71. 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