Facility Management Market by Component (Solution, Services), by Deployment Type (Cloud, On-Premises), by Enterprises Size (SME, Large Enterprises), by End-User (Retail, Energy), by Region (North America, Asia Pacific, Europe, Middle East and Africa, South America) – Global Forecast 2020 to 2027

Facility Management Market - Global Industry Analysis and Forecast 2020 to 2027

Facility Management Market: Summary

The Global Facility Management Market is projected to reach a value of over USD 77.3 billion by 2027 at a CAGR of around 10%.

The facility management refers to a professional management, which is used to improve the business activities. Also, it helps to encompasses various decision to ensure safety, efficiency, comfort and functionally of the environments through integrating people, process and technology. Whereas, it majorly focuses on core services and to offer support which will lead to enhance the quality of services. Also, it helps with the features such as asset tracking and management, as well as with integrated facilities management which will boost adoption for business growth and developments.

Hence, it also analysis and understand different workplace cost drive effective business planning which will also play a key role in the growth of the market.

Facility Management Market

Facility Management Market: Drivers & Restraints

Market Driver:

  • Growing Demand for Cloud Based Technologies

With the growing demand for cloud-based technologies is witness to boost the growth of the market in the projected period. Whereas, it helps to provides a centralized database which can access from any location through any device at any time. Also, it support the companies to reduce the cost as to improve the security and collaboration among the team from different location. Moreover, it also helps to boost the user experience by reducing the maintenance and repair costs.

Hence, with the help of cloud technologies the data aggregation and analysis will become exponentially easier. As well as, the cloud-based facility management software is built to be flexible and easily scale up the organization. Other key benefits of cloud-based facility management solutions include security and scalability, as well as quick disaster recovery management. These will lead to fuel the growth of the market in the forecast period.

Market Restraints:

  • Lack of Awareness

One of the major key concern of the facility management market is the lack of awareness which may hinder the growth of the market. Whereas, many of the organization are still not adopted Internet of Thing (IoT) based ecosystem, which may lead to create a challenging factor for the market growth. However, the facility management is being an important part of operations, businesses are unaware of the production solutions. As, this has made as complex task for companies to provides an equal importance to their facility management department without hampering the business operation.

Hence, the advantages of facility management are still not recognize by various enterprises which may lead to create a major challenging factor for the growth of the market.

Facility Management Market: Key Segments

  • Segmentation based on Component: Solution and Services.
  • Segmentation based on Deployment Type: Cloud and On-Premises.
  • Segmentation based on Enterprises Size: Small and Medium Size Enterprises and Large Enterprises.
  • Segmentation based on End-User: IT and Telecommunication, Government, Healthcare, Education, Retail, Energy and Utilities and Others.
  • Segmentation based on region covers: North America, Europe, Asia-Pacific, Middle East & Africa and South America with individual country-level analysis.

Facility Management Market: Report Scope

The report on the facility management market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

Report Features

Specifics

Historical/Estimated/Forecasted Market Size Years

2019-2027

Base Year for Market Calculation

2020

Forecasted Period

2021-2027 (2021 estimated year, forecasted up to 2027)

Measured Units

Value (USD Million)

Segments Included

Component, Deployment Type, Enterprise Size, End-User and Region

Regional Coverage

North America, Asia-Pacific, Europe, Middle East & Africa, South America

Key Companies Covered

  • IBM Corporation (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • Oracle
  • SAP SE
  • Trimble Inc.
  • Accruent
  • MRI Software LLC
  • Planon
  • ServiceChannel
  • Service Works Global
  • Causeway Technologies.
  • Other Key Companies
    • SPACEWELL INTERNATIONAL
    • iOffice
    • ARCHIBUS, Inc.
    • JadeTrack Energy Management Software

Facility Management Market: Report Segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Facility Management Market, by Component

  • Software
    • Facility Operations and Security Management
    • Building Information Modeling
    • Facility Property Management
    • Facility Environment Management
  • Services
    • Deployment and Integration
    • Auditing and Quality Assessment
    • Support and Maintenance
    • Consulting

Facility Management Market, by Deployment Type

  • Cloud Based
  • On-Premises

Facility Management Market, by Enterprise Size

  • Small and Medium Size Enterprises
  • Large Enterprises

Facility Management Market, by End-User

  • IT and Telecommunication
  • Government
  • Healthcare
  • Education
  • Retail
  • Energy and Utilities
  • Others

Facility Management Market, by Region

  • North America
    • US
    • Canada
    • Mexico
  • Asia-Pacific
    • China
    • India
    • Japan
    • Taiwan
    • South Korea
    • Rest of Asia-Pacific
  • Europe
    • Germany
    • France
    • Italy
    • UK
    • Russia
    • Rest of Europe
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Argentina
    • Rest of South America

Key Questions Answered By The Report

  • What are the prominent developments affecting the market worldwide and its growth?
  • What will be the impact of the developments in the market on the industry and on the market players in the future?
  • What are the evolving variations of the market globally?
  • What are the evolving functions of the market globally?
  • What are the prominent aspects that will affect market growth globally during the study period?
  • Who are the key players operating in the market across the globe?
  • How are the key players leveraging in the present market scenario worldwide?

Report Audience

  • Facility Management Market  Providers
  • Facility Management Market  Solution and Services Suppliers, Distributors and Dealers
  • End-Users of Varied Segments of Facility Management Market
  • Government Bodies and Intellectual Institutions
  • Associations and Industrial Organizations
  • Research & Consulting Service Providers
  • Research & Development Organizations
  • Investment Banks & Private Equity Firms

60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE FACILITY MANAGEMENT MARKET STUDY

  1. INTRODUCTION
    1. Research Objectives
    2. Market Definition
    3. Research Scope
    4. Regional Coverage
    5. Research Timeline
    6. Assumptions
    7. Limitations
  2. RESEARCH DESIGN & SCOPE
    1. Introduction
    2. Primary Research
      1. Key Industry Expert Insight
    3. Secondary Research
      1. Vital Data from Secondary Sources
    4. Market Size Estimation
    5. Data Validation & Triangulation
  3. EXECUTIVE SUMMARY
  4. MARKET DYNAMICS
    1. Introduction
    2. Drivers
      1. Rising Adoption of Augmented Reality (AR) for Managing Building
      2. Growing Demand of Cloud-Based Technologies
    3. Restraint
      1. Lack of Awareness
    4. Opportunities
      1. Rising Growth of Artificial Intelligence (AI) Technology
      2. Increasing Demand for Outsourcing Facility Management Operations
    5. Challenges
      1. Shortage of Skilled Professionals
  5. INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
    1. Introduction
      1. Power of Buyers
      2. Power of Suppliers
      3. Intensity of Competition
      4. Challenges of Substitutes
      5. Challenges of New Entrants
    2. Macro-Economic Indicators
  6. GLOBAL FACILITY MANAGEMENT MARKET BY COMPONENT, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Software
      1. Facility Operations and Security Management
      2. Building Information Modeling
      3. Facility Property Management
      4. Facility Environment Management
    3. Services
      1. Deployment and Integration
      2. Auditing and Quality Assessment
      3. Support and Maintenance
      4. Consulting
  7. GLOBAL FACILITY MANAGEMENT MARKET BY DEPLOYMENT TYPE, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Cloud Based
    3. On-Premises
  8. GLOBAL FACILITY MANAGEMENT MARKET BY ENTERPRISES SIZE, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Small and Medium Size Enterprises
    3. Large Enterprises
  9. GLOBAL FACILITY MANAGEMENT MARKET BY END-USER, Market Size in USD Million (2019-2027)
    1. Introduction
    2. IT and Telecommunication
    3. Government
    4. Healthcare
    5. Education
    6. Retail
    7. Energy and Utilities
    8. Others
  10. GLOBAL FACILITY MANAGEMENT MARKET BY REGION, Market Size in USD Million (2019-2027)
    1. North America
      1. US
      2. Canada
      3. Mexico
    2. Europe
      1. Germany
      2. France
      3. Italy
      4. UK
      5. Russia
      6. Rest of Europe
    3. Asia-Pacific
      1. China
      2. India
      3. Japan
      4. Taiwan
      5. South Korea
      6. Rest of Asia-Pacific
    4. Middle East and Africa
      1. Saudi Arabia
      2. UAE
      3. Rest of Middle East and Africa
    5. South America
      1. Brazil
      2. Argentina
      3. Rest of South America
  11. COMPETITIVE LANDSCAPE
    1. Introduction
    2. Market Ranking/Share Analysis of Key Companies
    3. Company Benchmarking
  12. COMPANY PROFILES
    1. IBM Corporation
      1. Company Overview
      2. Financial Overview
      3. Products/Solutions/Services Offered
      4. Key Developments
      5. SWOT Analysis
    2. Oracle
    3. SAP SE
    4. Trimble Inc.
    5. Accruent
    6. MRI Software LLC
    7. Planon
    8. ServiceChannel
    9. Service Works Global
    10. Causeway Technologies
    11. Other Key Companies
      1. SPACEWELL INTERNATIONAL
      2. iOffice
      3. ARCHIBUS, Inc.
      4. JadeTrack Energy Management Software
  13. APPENDIX
    1. Key Industry Expert Insights
    2. Primary Discussion Guide
    3. Customization Options

Note1: Tentative table of contents, may get updated during the course of research.

Note2: Company financial information is subject to availability in public domain

60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY

Rep Id : ICT 094

Published : August, 2020


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