Global Facility Management Market: Key Highlights
Global Facility Management Market: Key Market Dynamics
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Global Facility Management Market: Regional Overview
North America is witness to be one of the leading in the adoption of advance technologies. Whereas, the companies in the region have been being deployment various technologies and services of facility management. However, the major key player of facility management solutions and services, such as IBM, and Oracle in the North America is also the factor to boost the market growth. Whereas, US and Canada is projected to plays a major contribution for the growth of the market in the region.
Hence, it projected that region has a well-established economies, that will improve the invest in R&D platform for the growth and development of new technologies which includes AI, ML, cloud, and big data.
The Asia-Pacific is witness to increase significant market growth during the forecast period as the region hold more than 50% of the world population. Whereas Indian government has taken an initiative for the economy growth with the Make in India project. The countries such as Japan and China is also projected major investments of the growth and development of the new emerging technologies such as Artificial Intelligence (AI), Blockchain and IoT.
Hence, the companies in China are also investing heavily in the intelligence manufacturing. These may lead to increase the demand of the market growth in the forecast period.
Global Facility Management Market: Key Players Overview
The International Business Machines Corporation is an American multinational technology company, which has a leading cloud platform and cognitive solutions and services. Whereas, in 2019, the company has collaborated with Sund & Bælt, a company which operates in some of the largest infrastructure globally for assist in IBM's development of an IoT solution as well as Artificial Intelligence designed to support, highways, tunnels, and railways. However, the facility management give a services to support the safety and efficiency of the environment such as infrastructure and real estate.
The company is one of the world leading provider of the intelligent solutions as well as cloud-based software. Whereas, in 2020, the company has announced it improvement in its cloud-based manufacturing solutions. Also, the major company cloud-based manufacturing solution include API-based integration options for Meridian EDM software, as well as Single sign-on (SSO) for Accruent manufacturing solutions. Moreover, the facility Management Software lead to benefit with the reduce costs as well as enhance operational efficiency.
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