Facility Management Services Market in North America 2018-2022
About Facility Management Services in North America
Facility management services are services which an organization outsources to a vendor who takes responsibilities related to the operation and maintenance of the assets and facilities of that organization.
Technavio’s analysts forecast the facility management services market in North America to grow at a CAGR of 13.94% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the facility management services market in North America for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Facility Management Services Market in North America 2018-2022
Technavio recognizes the following companies as the key players in the facility management services market in North America: Aramark, CB Richards Ellis (CBRE), Compass Group, CUSHMAN& WAKEFIELD, ISS, and Macro.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is emergence of Office-as-a-service (OaaS) model. Workplace dynamics are changing with evolution of Office-as-a-service (OaaS) model. While traditional office workplaces were defined by fixed office timing, formal layout, and one-time fixed rented space, the modern workplaces are becoming more flexible in terms of layout and timings, putting greater emphasis on workforce than workplace.”
According to the report, one driver in the market is continued investment in building and related technologies. Technology has been a big supportive pillar in facility management services market and with rapid development of technology in field of mobility and communication, the facility management services industry is also embracing and incorporating new technology in their operations.
Further, the report states that one challenge in the market is requirement of technological coherence with evolving building technologies. Facility management market is evolving continuously owing to rapidly developing technology. Vendors are employing new technology to enhance customer service and reduce costs. Use of robots for cleaning services, use of drones for monitoring purpose, smart devices for security and surveillance, and use of BIM in building management are some of the ways in which vendors are embracing technology in their operations.
Aramark, CB Richards Ellis (CBRE), Compass Group, CUSHMAN& WAKEFIELD, ISS, and Macro.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook