Facility Management Service Market by Component (Solution, Service), by Organization Size (SME, Large Enterprise), by Deployment Mode (On-premise, Cloud), by Industry (BSFI, Healthcare), by Region (North America, Asia Pacific, Europe, Middle East and Africa, South America) – Global Forecast 2020 to 2027

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

Facility Management Service Market: Summary

The Global Facility Management Service Market is projected to reach a value of over USD 74.9 billion by 2027 at a CAGR of around 9.6%.

Facility Management is professional management focused on the efficient and effective delivery of support service of the organization it serves. It integrates places, people, processes, technologies, and asset the company to focus on its core competencies. Facility management services include inventory management, project management, operations management, maintenance management, and others which are focused on the delivery of services for enterprises in managing their facilities efficiently.

Facility Management Service Market

Facility Management Service Market: Drivers & Challenge

Market Driver:

  • Growing Infrastructure Development

Rising industrialization and urbanization has focused government from various countries to invest in infrastructure development. Thus, governing bodies have started investing in the construction of activities for building ports, airports, railways, highways, and among other sectors. For instance, High-Speed Railway project in California, Dubailand in Dubai, and others. Governments are signing contracts with several international players to complete and link the infrastructure internally and across the borders as well. Facility management service helps to manage these infrastructure projects by managing their inventory, keep operational track, and others. Thus, growing infrastructure development in various countries has expected to surge the demand for facility management service during the forecasted period.

Market Challenge:

  • Lack of Managerial Awareness Among Small & Medium Enterprise

Facility management service offers various benefits to the organization but these are not entirely recognized by every organization. Many enterprises are still adopting cloud computing system rather than adopting IoT ecosystem. Additionally, transitions of conventional office to modern set up are still in its infancy. Despite facility management service being an important part of operations, the enterprise is unaware of the evolving solution. This has led to a complex task for an organization to give equal importance to their facility management department. Thus, lack of understanding and adopting prerequisite technologies has expected to pose a major challenge to the facility management service growth.

Facility Management Service Market: Key Segments

  • Segmentation based on component: Solution, and Service.
  • Segmentation based on organization size: Small and Medium-sized Enterprises (SMEs), and Large Enterprises.
  • Segmentation based on deployment mode: On-premise, and Cloud Based.
  • Segmentation based on industry: Banking, Financial Services, and Insurance (BFSI), IT & Telecommunication, Healthcare, Government & Public Administration, Retail, Education, Energy & Utilities, Construction & Real Estate, 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 Service Market: Report Scope

The report on the facility management service 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, Organization Size, Deployment Mode, Industry, and Region

Regional Coverage

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

Key Companies Covered

  • Accruent (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • SMS Integrated Facility Services Private Limited
  • Oracle
  • Trimble Inc.
  • MRI Software LLC
  • Planon
  • ServiceChannel
  • Service Works Global
  • SAP
  • Causeway Technologies
  • FM:Systems
  • SPACEWELL INTERNATIONAL
  • iOFFICE
  • FSI S.r.l
  • ARCHIBUS, Inc
  • Other Key Companies

Facility Management Service Market: Report Segmentation

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

Facility Management Service Market, by Component  

  • Solution
  • Asset Management
  • Workplace & Relocation Management
  • Strategic Planning Management
  • Real Estate & Lease Management
  • Others
  • Service

Facility Management Service Market, by Organization Size      

  • Small and Medium-sized Enterprises (SMEs)
  • Large Enterprises

Facility Management Service Market, by Deployment Mode

  • On-premise
  • Cloud Based

Facility Management Service Market, by Industry 

  • Banking, Financial Services, and Insurance (BFSI)
  • IT & Telecommunication
  • Healthcare
  • Government & Public Administration
  •  Retail
  • Education
  • Energy & Utilities
  • Construction & Real Estate 
  • Others

Facility Management Service Market, by Region

  • North America
    • US
    • Canada
    • Mexico
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • 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 Service Market Providers
  • Facility Management Service Market Solution and Services Suppliers, Distributors and Dealers
  • End-Users of Varied Segments of Facility Management Service 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 SERVICE 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. Growing Infrastructure Development
      2. Growing Inclination to Use Advanced Technologies to Maintain Sustainability at Workplaces
    3. Restraint
      1. Requirement of High Initial Investment
    4. Opportunities
      1. Growing Trend of Outsourcing Facility Management Operations
    5. Challenges
      1. Lack of Managerial Awareness Among Small & Medium Enterprise
  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 SERVICE MARKET BY COMPONENT, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Solution
      1. Asset Management
      2. Workplace & Relocation Management
      3. Strategic Planning Management
      4. Real Estate & Lease Management
      5. Others
    3. Service
  7. GLOBAL FACILITY MANAGEMENT SERVICE MARKET BY ORGANIZATION SIZE, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Small and Medium-sized Enterprises (SMEs)
    3. Large Enterprises
  8. GLOBAL FACILITY MANAGEMENT SERVICE MARKET BY DEPLOYMENT MODE, Market Size in USD Million (2019-2027)
    1. Introduction
    2. On-premise
    3. Cloud Based
  9. GLOBAL FACILITY MANAGEMENT SERVICE MARKET BY INDUSTRY, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Banking, Financial Services, and Insurance (BFSI)
    3. IT & Telecommunication
    4. Healthcare
    5. Government & Public Administration
    6. Retail
    7. Education
    8. Energy & Utilities
    9. Construction & Real Estate
    10. Others
  10. GLOBAL FACILITY MANAGEMENT SERVICE 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. South Korea
      5. 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. Accruent
      1. Company Overview
      2. Financial Overview
      3. Products/Solutions/Services Offered
      4. Key Developments
    2. SMS Integrated Facility Services Private Limited
    3. Oracle
    4. Trimble Inc.
    5. MRI Software LLC
    6. Planon
    7. ServiceChannel
    8. Service Works Global
    9. SAP
    10. Causeway Technologies
    11. FM:Systems
    12. SPACEWELL INTERNATIONAL
    13. iOFFICE
    14. FSI S.r.l
    15. ARCHIBUS, Inc
    16. Other Key Companies
  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 092

Published : August, 2020


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