Global Facility Management Market, By Type (Hard Services, Soft Services), By Service (In-House, Outsourced), By End User (Commercial and Retail, Manufacturing and Industrial, Government, Infrastructure, And Public Entities, Institutional, Others), By Reg
Description
Global Facility Management Market, By Type (Hard Services, Soft Services), By Service (In-House, Outsourced), By End User (Commercial and Retail, Manufacturing and Industrial, Government, Infrastructure, And Public Entities, Institutional, Others), By Region (North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle-East & Africa (MEA)Trend Analysis, Competitive Market Share & Forecast, 2018-2028
Facility Management Market to Grow at over 12% through 2028
The facility management market is growing at a high CAGR because of the rising investments towards infrastructure development and increasing construction activities across different parts of the world…
A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the global facility management market was worth USD 43.4 billion in the year 2021. The market is forecast to grow at a CAGR of 12.20%, reaching revenues of around USD 94.1 billion by 2028. The growth of the facility management market is attributed to rising investment towards infrastructure development and increasing construction activities along with flourishing tourism in different parts of the world. Furthermore, the rising adoption of advanced technologies such as cloud computing, SaaS, IoT, artificial intelligence (AI), etc., is also offering lucrative growth opportunities to the facility management market.
Flourishing Tourism is Significantly Driving Facility Management Market
Growing tourism is emerging as the major driving factor for the growth of the facility management market across the globe. The tourism sector is the largest generator of foreign exchange and, therefore, is very crucial for economic growth. Therefore, the government takes various initiatives to develop this sector and attract tourists. The government, along with private players, significantly invests in developing commercial spaces such as hotels, public houses, restaurants, etc., along with the management of historical sites, which is fueling the demand for facility management services.
Rising Business Collaborations and Partnerships is Propelling Facility Management Market
With the increasing potential of facility management, several players are adopting various competitive strategies to exploit the growth potential of the market. Strategies such as partnerships, mergers, collaborations, etc., are increasingly becoming common. For instance, Dexterra Group Inc. recently announced the acquisition of the privately-owned TRICOM Facility Services group of companies. This acquisition is aimed at expanding the integrated facility management business unit of the Dexterra Group.
Facility Management Market - By End-User
Based on end-user, the global facility management market is segmented into commercial and retail, manufacturing and industrial, government, infrastructure, public entities, institutional, and others. The commercial segment accounts for the largest market share owing to the rising number of commercial spaces such as offices, hospitals, hotels, airports, sports facilities, restaurants, etc., in different parts of the world. These commercial facilities are opting for in-house facility management services to comply with regulatory guidelines regarding safety and hygiene. However, the manufacturing and industrial segment are projected to witness the highest growth rate during the forecast period.
Facility Management Market - Regional Insights
Geographically, the facility management market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa. The Asia-Pacific region dominates the facility management market. However, the Middle East & Africa is also growing at a substantial rate during the forecast period. The economic diversification in Middle Eastern countries such as Saudi Arabia, Israel, Iran, Turkey, etc., and the rising establishment of commercial facilities such as offices, manufacturing plants, hotels, etc., is significantly propelling the growth of the facility management market.
Impact of COVID-19 on Facility Management Market
The facility management market was among the worst affected industries due to the COVID-19 pandemic outbreak. The rapidly escalating COVID-19 cases around the world prompted the government of various countries to impose strict lockdown and social distancing measures. This resulted in the operations of different end users industries of facility management including construction, manufacturing, retail, commercial, etc. The commercial spaces including offices, hotels, airports, etc., were forced to close to prevent the community transmission of the virus. Due to this, the demand for facility management services witnessed a significant drop during the COVID-19 period.
Competitive Landscape
The leading market players of the facility management market are Archibus Inc., Trimble Navigation Ltd, Broadcom Inc., Satnav Technologies, FM System Inc., SAP SE, IBM Corporation, Planon Corporation, iOffice Corporation, Oracle Corporation, CB Richard Ellis, Veolia Environment, Colliers International, Planon Corporation, Compass Group, Cushman & Wakefield, Jones Lang LaSalle Incorporated, GDI Integrated Facility Services, Inc., EMCOR Group, Inc., and other prominent players. The facility management market is consolidated with the presence of a handful of players operating in this industry. Key market players are focusing on expanding their offerings with different types of services to support the needs of different types of industries. They also often engage in various competitive strategies such as partnerships, mergers, acquisitions, joint ventures, etc., to gain a market edge.
Don’t miss the business opportunity of the facility management market. Consult our analysts to gain crucial insights and facilitate your business growth.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the facility management market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends of the facility management market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
About Us
BlueWeave Consulting provides comprehensive Market Intelligence (MI) Solutions to businesses regarding various products and services online and offline. We offer all-inclusive market research reports by analyzing both qualitative and quantitative data to boost the performance of your business solutions. BWC has built its reputation from the scratch by delivering quality inputs and nourishing long-lasting relationships with its clients. We are one of the promising digital MI solutions companies providing agile assistance to make your business endeavors successful.
Facility Management Market to Grow at over 12% through 2028
The facility management market is growing at a high CAGR because of the rising investments towards infrastructure development and increasing construction activities across different parts of the world…
A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the global facility management market was worth USD 43.4 billion in the year 2021. The market is forecast to grow at a CAGR of 12.20%, reaching revenues of around USD 94.1 billion by 2028. The growth of the facility management market is attributed to rising investment towards infrastructure development and increasing construction activities along with flourishing tourism in different parts of the world. Furthermore, the rising adoption of advanced technologies such as cloud computing, SaaS, IoT, artificial intelligence (AI), etc., is also offering lucrative growth opportunities to the facility management market.
Flourishing Tourism is Significantly Driving Facility Management Market
Growing tourism is emerging as the major driving factor for the growth of the facility management market across the globe. The tourism sector is the largest generator of foreign exchange and, therefore, is very crucial for economic growth. Therefore, the government takes various initiatives to develop this sector and attract tourists. The government, along with private players, significantly invests in developing commercial spaces such as hotels, public houses, restaurants, etc., along with the management of historical sites, which is fueling the demand for facility management services.
Rising Business Collaborations and Partnerships is Propelling Facility Management Market
With the increasing potential of facility management, several players are adopting various competitive strategies to exploit the growth potential of the market. Strategies such as partnerships, mergers, collaborations, etc., are increasingly becoming common. For instance, Dexterra Group Inc. recently announced the acquisition of the privately-owned TRICOM Facility Services group of companies. This acquisition is aimed at expanding the integrated facility management business unit of the Dexterra Group.
Facility Management Market - By End-User
Based on end-user, the global facility management market is segmented into commercial and retail, manufacturing and industrial, government, infrastructure, public entities, institutional, and others. The commercial segment accounts for the largest market share owing to the rising number of commercial spaces such as offices, hospitals, hotels, airports, sports facilities, restaurants, etc., in different parts of the world. These commercial facilities are opting for in-house facility management services to comply with regulatory guidelines regarding safety and hygiene. However, the manufacturing and industrial segment are projected to witness the highest growth rate during the forecast period.
Facility Management Market - Regional Insights
Geographically, the facility management market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa. The Asia-Pacific region dominates the facility management market. However, the Middle East & Africa is also growing at a substantial rate during the forecast period. The economic diversification in Middle Eastern countries such as Saudi Arabia, Israel, Iran, Turkey, etc., and the rising establishment of commercial facilities such as offices, manufacturing plants, hotels, etc., is significantly propelling the growth of the facility management market.
Impact of COVID-19 on Facility Management Market
The facility management market was among the worst affected industries due to the COVID-19 pandemic outbreak. The rapidly escalating COVID-19 cases around the world prompted the government of various countries to impose strict lockdown and social distancing measures. This resulted in the operations of different end users industries of facility management including construction, manufacturing, retail, commercial, etc. The commercial spaces including offices, hotels, airports, etc., were forced to close to prevent the community transmission of the virus. Due to this, the demand for facility management services witnessed a significant drop during the COVID-19 period.
Competitive Landscape
The leading market players of the facility management market are Archibus Inc., Trimble Navigation Ltd, Broadcom Inc., Satnav Technologies, FM System Inc., SAP SE, IBM Corporation, Planon Corporation, iOffice Corporation, Oracle Corporation, CB Richard Ellis, Veolia Environment, Colliers International, Planon Corporation, Compass Group, Cushman & Wakefield, Jones Lang LaSalle Incorporated, GDI Integrated Facility Services, Inc., EMCOR Group, Inc., and other prominent players. The facility management market is consolidated with the presence of a handful of players operating in this industry. Key market players are focusing on expanding their offerings with different types of services to support the needs of different types of industries. They also often engage in various competitive strategies such as partnerships, mergers, acquisitions, joint ventures, etc., to gain a market edge.
Don’t miss the business opportunity of the facility management market. Consult our analysts to gain crucial insights and facilitate your business growth.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the facility management market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends of the facility management market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
About Us
BlueWeave Consulting provides comprehensive Market Intelligence (MI) Solutions to businesses regarding various products and services online and offline. We offer all-inclusive market research reports by analyzing both qualitative and quantitative data to boost the performance of your business solutions. BWC has built its reputation from the scratch by delivering quality inputs and nourishing long-lasting relationships with its clients. We are one of the promising digital MI solutions companies providing agile assistance to make your business endeavors successful.
Table of Contents
195 Pages
- 1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
- 2. Research Methodology
- 2.1. Qualitative Research
- 2.1.1. Primary & Secondary Research
- 2.2. Quantitative Research
- 2.3. Market Breakdown & Data Triangulation
- 2.3.1. Secondary Research
- 2.3.2. Primary Research
- 2.4. Breakdown of Primary Research Respondents, By Region
- 2.5. Assumption & Limitation
- 3. Executive Summary
- 4. Global Facility Management Market Insights
- 4.1. Industry Value Chain Analysis
- 4.2. DROC Analysis
- 4.2.1. Growth Drivers
- 4.2.2. Restraints
- 4.2.3. Opportunities
- 4.2.4. Challenges
- 4.3. Technological Landscape/Recent Development
- 4.4. Regulatory Framework
- 4.5. Porter’s Five Forces Analysis
- 4.5.1. Bargaining Power of Suppliers
- 4.5.2. Bargaining Power of Buyers
- 4.5.3. Threat of New Entrants
- 4.5.4. Threat of Substitutes
- 4.5.5. Intensity of Rivalry
- 5. Global Facility Management Market Overview
- 5.1. Market Size & Forecast by Value, 2018-2028
- 5.1.1. By Value (USD Million)
- 5.2. Market Share & Forecast
- 5.2.1. By Component
- 5.2.1.1. Solutions
- 5.2.1.2. Services
- 5.2.2. By Deployment Mode
- 5.2.2.1. Cloud
- 5.2.2.2. On-premises
- 5.2.3. By Organization Size
- 5.2.3.1. Large Enterprises
- 5.2.3.2. Small and Medium Enterprises
- 5.2.4. By Vertical
- 5.2.4.1. BFSI
- 5.2.4.2. IT and Telecom
- 5.2.4.3. Government and Public Administration
- 5.2.4.4. Healthcare
- 5.2.4.5. Education
- 5.2.4.6. Others
- 5.2.5. By Region
- 5.2.5.1. North America
- 5.2.5.2. Europe
- 5.2.5.3. Asia-Pacific
- 5.2.5.4. Latin America
- 5.2.5.5. Middle-East and Africa
- 6. North America Facility Management Market
- 6.1. Market Size & Forecast by Value, 2018-2028
- 6.1.1. By Value (USD Million)
- 6.2. Market Share & Forecast
- 6.2.1. By Component
- 6.2.2. By Deployment Mode
- 6.2.3. By Organization Size
- 6.2.4. By Vertical
- 6.2.5. By Country
- 6.2.5.1. United States
- 6.2.5.2. Canada
- 7. Europe Facility Management Market
- 7.1. Market Size & Forecast by Value, 2018-2028
- 7.1.1. By Value (USD Million)
- 7.2. Market Share & Forecast
- 7.2.1. By Component
- 7.2.2. By Deployment Mode
- 7.2.3. By Organization Size
- 7.2.4. By Vertical
- 7.2.5. By Country
- 7.2.5.1. Germany
- 7.2.5.2. United Kingdom
- 7.2.5.3. Italy
- 7.2.5.4. France
- 7.2.5.5. Spain
- 7.2.5.6. Rest of Europe
- 8. Asia Pacific Facility Management Market
- 8.1. Market Size & Forecast by Value, 2018-2028
- 8.1.1. By Value (USD Million)
- 8.2. Market Share & Forecast
- 8.2.1. By Component
- 8.2.2. By Deployment Mode
- 8.2.3. By Organization Size
- 8.2.4. By Vertical
- 8.2.5. By Country
- 8.2.5.1. China
- 8.2.5.2. India
- 8.2.5.3. Japan
- 8.2.5.4. South Korea
- 8.2.5.5. Rest of Asia Pacific
- 9. Latin America Facility Management Market
- 9.1. Market Size & Forecast by Value, 2018-2028
- 9.1.1. By Value (USD Million)
- 9.2. Market Share & Forecast
- 9.2.1. By Component
- 9.2.2. By Deployment Mode
- 9.2.3. By Organization Size
- 9.2.4. By Vertical
- 9.2.5. By Country
- 9.2.5.1. Brazil
- 9.2.5.2. Mexico
- 9.2.5.3. Rest of Latin America
- 10. Middle-East & Africa Facility Management Market
- 10.1. Market Size & Forecast by Value, 2018-2028
- 10.1.1. By Value (USD Million)
- 10.2. Market Share & Forecast
- 10.2.1. By Component
- 10.2.2. By Deployment Mode
- 10.2.3. By Organization Size
- 10.2.4. By Vertical
- 10.2.5. By Country
- 10.2.5.1. Saudi Arabia
- 10.2.5.2. UAE
- 10.2.5.3. South Africa
- 10.2.5.4. Rest of Middle East & Africa
- 11. Competitive Landscape
- 11.1.
- List of Key Players and Their Offerings
- 11.2. Market Share Analysis, 2021
- 11.3. Competitive Benchmarking, By Operating Parameters
- 11.4. Key Strategic Development (Merger, Acquisition, Partnership.)
- 12. Impact of COVID-19 on Facility Management Industry
- 13. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **
- 13.1. Business Machines Corporation
- 13.2. Oracle Corporation
- 13.3. SAP SE
- 13.4. Trimble Inc.
- 13.5. Fortive
- 13.6. MRI Software LLC
- 13.7. Planon
- 13.8. Infor
- 13.9. Service Works Global
- 13.10. Facilities Management eXpress
- 13.11. Causeway Technologies
- 13.12. FM:Systems
- 13.13. Spacewell International
- 13.14. iOFFICE + SpaceIQ
- 13.15. Archidata Inc.
- 13.16. JadeTrack Energy Management Software
- 13.17. UpKeep Maintenance Management
- 13.18. Apleona GmbH
- 13.19. FacilityONE Technologies LLC
- 13.20. Other Prominent Players
- 14. Key Strategic Recommendations
- List of Figures
- Figure 1 Global Facility Management Market Segmentation
- Figure 2 Global Facility Management Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2021
- Figure 4 Global Facility Management Market Size, By Value (USD Million), 2018-2028
- Figure 5 Global Facility Management Market Share, By Component, By Value, 2018-2028
- Figure 6 Global Facility Management Market Share, By Deployment Mode, By Value, 2018-2028
- Figure 7 Global Facility Management Market Share, By Organization Size, By Value, 2018-2028
- Figure 8 Global Facility Management Market Share, By Vertical, By Value, 2018-2028
- Figure 9 Global Facility Management Market Share, By Region, By Value, 2018-2028
- Figure 10 North America Facility Management Market Size, By Value (USD Million), 2018-2028
- Figure 11 North America Facility Management Market Share, By Component, By Value, 2018-2028
- Figure 12 North America Facility Management Market Share, By Deployment Mode, By Value, 2018-2028
- Figure 13 North America Facility Management Market Share, By Organization Size, By Value, 2018-2028
- Figure 14 North America Facility Management Market Share, By Vertical, By Value, 2018-2028
- Figure 15 North America Facility Management Market Share, By Country, By Value, 2018-2028
- Figure 16 Europe Facility Management Market Size, By Value (USD Million), 2018-2028
- Figure 17 Europe Facility Management Market Share, By Component, By Value, 2018-2028
- Figure 18 Europe Facility Management Market Share, By Deployment Mode, By Value, 2018-2028
- Figure 19 Europe Facility Management Market Share, By Organization Size, By Value, 2018-2028
- Figure 20 Europe Facility Management Market Share, By Vertical, By Value, 2018-2028
- Figure 21 Europe Facility Management Market Share, By Country, By Value, 2018-2028
- Figure 22 The Asia-Pacific Facility Management Market Size, By Value (USD Million), 2018-2028
- Figure 23 The Asia-Pacific Facility Management Market Share, By Component, By Value, 2018-2028
- Figure 24 The Asia-Pacific Facility Management Market Share, By Deployment Mode, By Value, 2018-2028
- Figure 25 The Asia-Pacific Facility Management Market Share, By Organization Size, By Value, 2018-2028
- Figure 26 The Asia-Pacific Facility Management Market Share, By Vertical, By Value, 2018-2028
- Figure 27 The Asia-Pacific Facility Management Market Share, By Country, By Value, 2018-2028
- Figure 28 Latin America Facility Management Market Size, By Value (USD Million), 2018-2028
- Figure 29 Latin America Facility Management Market Share, By Component, By Value, 2018-2028
- Figure 30 Latin America Facility Management Market Share, By Deployment Mode, By Value, 2018-2028
- Figure 31 Latin America Facility Management Market Share, By Organization Size, By Value, 2018-2028
- Figure 32 Latin America Facility Management Market Share, By Vertical, By Value, 2018-2028
- Figure 33 Latin America Facility Management Market Share, By Country, By Value, 2018-2028
- Figure 34 The Middle East & Africa Facility Management Market Size, By Value (USD Million), 2018-2028
- Figure 35 The Middle East & Africa Facility Management Market Share, By Component, By Value, 2018-2028
- Figure 36 The Middle East & Africa Facility Management Market Share, By Deployment Mode, By Value, 2018-2028
- Figure 37 The Middle East & Africa Facility Management Market Share, By Organization Size, By Value, 2018-2028
- Figure 38 The Middle East & Africa Facility Management Market Share, By Vertical, By Value, 2018-2028
- Figure 39 The Middle East & Africa Facility Management Market Share, By Country, By Value, 2018-2028
- List of Tables
- Table 1 Global Facility Management Market Size, By Component, By Value, 2018-2028
- Table 2 Global Facility Management Market Size, By Deployment Mode, By Value, 2018-2028
- Table 3 Global Facility Management Market Size, By Organization Size, By Value, 2018-2028
- Table 4 Global Facility Management Market Size, By Vertical, By Value, 2018-2028
- Table 5 Global Facility Management Market Size, By Region, By Value, 2018-2028
- Table 6 North America Facility Management Market Size, By Component, By Value, 2018-2028
- Table 7 North America Facility Management Market Size, By Deployment Mode, By Value, 2018-2028
- Table 8 North America Facility Management Market Size, By Organization Size, By Value, 2018-2028
- Table 9 North America Facility Management Market Size, By Vertical, By Value, 2018-2028
- Table 10 North America Facility Management Market Size, By Country, By Value, 2018-2028
- Table 11 Europe Facility Management Market Size, By Component, By Value, 2018-2028
- Table 12 Europe Facility Management Market Size, By Deployment Mode, By Value, 2018-2028
- Table 13 Europe Facility Management Market Size, By Organization Size, By Value, 2018-2028
- Table 14 Europe Facility Management Market Size, By Vertical, By Value, 2018-2028
- Table 15 Europe Facility Management Market Size, By Country, By Value, 2018-2028
- Table 16 The Asia-Pacific Facility Management Market Size, By Component, By Value, 2018-2028
- Table 17 The Asia-Pacific Facility Management Market Size, By Deployment Mode, By Value, 2018-2028
- Table 18 The Asia-Pacific Facility Management Market Size, By Organization Size, By Value, 2018-2028
- Table 19 The Asia-Pacific Facility Management Market Size, By Vertical, By Value, 2018-2028
- Table 20 The Asia-Pacific Facility Management Market Size, By Country, By Value, 2018-2028
- Table 21 Latin America Facility Management Market Size, By Component, By Value, 2018-2028
- Table 22 Latin America Facility Management Market Size, By Deployment Mode, By Value, 2018-2028
- Table 23 Latin America Facility Management Market Size, By Organization Size, By Value, 2018-2028
- Table 24 Latin America Facility Management Market Size, By Vertical, By Value, 2018-2028
- Table 25 Latin America Facility Management Market Size, By Country, By Value, 2018-2028
- Table 26 The Middle East & Africa Facility Management Market Size, By Component, By Value, 2018-2028
- Table 27 The Middle East & Africa Facility Management Market Size, By Deployment Mode, By Value, 2018-2028
- Table 28 The Middle East & Africa Facility Management Market Size, By Organization Size, By Value, 2018-2028
- Table 29 The Middle East & Africa Facility Management Market Size, By Vertical, By Value, 2018-2028
- Table 30 The Middle East & Africa Facility Management Market Size, By Country, By Value, 2018-2028
- Table 31 Business Machines Corporation Company Overview
- Table 32 Business Machines Corporation Financial Overview
- Table 33 Oracle Corporation Company Overview
- Table 34 Oracle Corporation Financial Overview
- Table 35 Trimble Inc. Company Overview
- Table 36 Trimble Inc. Financial Overview
- Table 37 Fortive Company Overview
- Table 38 Fortive Financial Overview
- Table 39 Planon Company Overview
- Table 40 Planon Financial Overview
- Table 41 Service Works Global Company Overview
- Table 42 Service Works Global Financial Overview
- Table 43 Facilities Management eXpress Company Overview
- Table 44 Facilities Management eXpress Financial Overview
- Table 45 Causeway Technologies Company Overview
- Table 46 Causeway Technologies Financial Overview
- Table 47 FM:Systems Company Overview
- Table 48 FM:Systems Financial Overview
- Table 49 Spacewell International Company Overview
- Table 50 Spacewell International Financial Overview
- Table 51 iOFFICE + SpaceIQ Company Overview
- Table 52 iOFFICE + SpaceIQ Financial Overview
- Table 53 Archidata Inc. Company Overview
- Table 54 Archidata Inc. Financial Overview
- Table 55 JadeTrack Energy Management Software Company Overview
- Table 56 JadeTrack Energy Management Software Financial Overview
- Table 57 UpKeep Maintenance Management Company Overview
- Table 58 UpKeep Maintenance Management Financial Overview
- Table 59 Apleona GmbH Company Overview
- Table 60 Apleona GmbH Financial Overview
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