Acumen research and consulting estimates that global facility management market is expected to reach the market value of around US$ 66 Bn by 2027 and is anticipated to grow at a CAGR of around 12% in terms of revenue during the forecast period from 2020 to 2027.

The facilities management is a mechanism that oversees a company's different divisions and activities, and ensures that the constructed environment is functional. It combines places, staff, systems and technology and allows the organization to focus on their core skills. Main capabilities include teamwork, natural climate, leadership strategy, finance & entrepreneurship, service & servicing, project management, and development management. In comparison to conventional methods, the facilities management has many advantages it makes cost efficient operating processes within a organization, motivates intelligent work through the introduction of sophisticated IT systems and more.

The report provides analysis of global Facility Management market for the period 2016-2027, wherein 2020 to 2027 is the forecast period and 2019 is considered as the base year.                                                                                                              

Market Dynamics

Rising investment for the infrastructural dimension is one of the key reasons for the growth of the facilities management market. In addition, the growing emphasis on optimization processes and advancements in energy quality are the key factors for the growth of the demand for facilities management.

In addition there are several market verticals that have seen strong investment development in the areas of real estate, construction, banking and the public sectors. It is attributed to the increasing need to translate the knowledge from operating entities into many company applications. Those verticals listed above reflect the main end use of facilities management. Nonetheless, one of the reasons that hinder development in the market is security issues associated with the protection of smartphones and networks. Growing security vulnerabilities and rising risks to cyber criminals, thereby impacting the business development.

Regional Stance

North America had a significant market share of facilities management due to the region's rising tourism sector. In order to accommodate large visitors and concentrate on consistency and efficient operation, the increasing number of tourists in the area allows restaurants, hotels, shopping malls and airports to outsource facilities and services. In fact, the outsourcing of these facilities allows tourism operators to reduce long-term costs and investments in conjunction with businesses. Throughout the environment such as health care, businesses, and educational industries, demand for facilities management services is growing rapidly.

Report coverage

The market research study on “Facility Management Market (Facility Management Market By Type: Bundled, IFM, Single; Facility Management Market By Service: Managed Services, Professional Services; Facility Management Market By Deployment: On-Premise, Cloud; Facility Management Market By End User: Commercial, Healthcare, Government, Industrial, Transportation, Education) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027” offers a detailed insights on the global Facility Management market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report also provides competitive landscape to understand the current stance of particular player. The report covers global Facility Management market size, and segment markets by type, service, deployment, end use, and geography along with the information on companies operating in the market. The Facility Management market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report.  

The global Facility Management market is segmented as below:

Market Segmentation

Facility Management Market By Type

• Bundled
• IFM (Integrated Facility Management)
• Single

Facility Management Market By Service

• Managed Services
• Professional Services

Facility Management Market By Deployment

• On-Premise
• Cloud

Facility Management Market By End User

• Commercial
• Healthcare
• Government & public sector
• Industrial
• Transportation
• Education

Facility Management Market By Geography

North America

• U.S.
• Canada

Europe

• UK
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Mexico
• Brazil
• Rest of Latin America

Middle East & Africa

• GCC
• South Africa
• Rest of MEA

Key Players and Market Situation

Participants include major global players such CA Technologies, Aramark, CB Richard Ellis, Cushman & Wakefield, EMCOR Group, Inc, Colliers International, G4S plc, IBM Corporation, Others.

Because of the involvement of a variety of players in many countries, the demand for facilities management is heading towards a concentrated level. To order to cement their position on this market, the major players have implemented diverse growth strategies including mergers and acquisitions, new product releases, expansions, joint ventures, alliances and others.

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