Facility Management Market by Solution (Asset & Inventory, Workplace & Relocation, Strategic Planning & Project, Sustainability, Real Estate & Lease, Maintenance), Service, Deployment Type, Business Size, Vertical, and Region - Global Forecast to 2021

Facility Management Market by Solution (Asset & Inventory, Workplace & Relocation, Strategic Planning & Project, Sustainability, Real Estate & Lease, Maintenance), Service, Deployment Type, Business Size, Vertical, and Region - Global Forecast to 2021

“Changing work culture in organizations is one of the drivers of the facility management market”
The facility management market size is estimated tgrow from USD 28.90 billion in 2016 tUSD 56.67 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 14.42%. This growth is due tthe changing work culture in organizations which involves technology efficient workforce leading tincreased technology deployment.

“The sustainability management solution market accounts for the largest market size during the forecast period”
The sustainability management market by solution is estimated thave the largest market size during the forecast period. The sustainability management solution is in demand and is expected tgrow and obtain a higher market share in the future, as it helps in improving environmental performance by governing, planning, and tracking sustainability projects across a company’s portfolio.

“The integration and deployment market is expected tgain traction during the forecast period”
The facility management service market includes consulting, integration and deployment, and managed services. The managed service market is seen having great opportunities in the coming years. The integration and deployment service market holds the largest market size among services. Integration and deployment services facilitate rapid deployment of comprehensive facility management solutions for various industry verticals.

“Asia-Pacific is projected tgrow at the highest rate during the forecast period”
North America has captured the largest market share in 2016 and the trend is expected tcontinue in the coming years. This region is an early adopter of this technology and has witnessed rapid adoption due tthe availability of comprehensive solutions. On the other hand, The Asia-Pacific (APAC) facility management market is expected twitness exponential growth and is projected tbe the fastest growing region for the global facility management market. This is mainly attributed tthe growing requirement of facility management solutions that can be easily integrated and deployed according tuser requirements.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key people. The break-up of profiles of primary participants is given below:
By Company Type: Tier 1: 25%, Tier 2: 50%, and Tier 3: 25%
By Designation: C level: 25%, Director level: 50%, and Others: 25%
By Region: North America: 25%, Europe: 25%, APAC: 50%,
The various key vendors profiled in the report are as follows:
1. IBM Corporation (U.S.)
2. Oracle Corporation (U.S.)
3. SAP SE (Germany)
4. Archibus, Inc. (U.S.)
5. Trimble Navigation Ltd. (U.S.)
6. CA Technologies (U.S.)
7. Accruent, LLC (U.S.)
8. Planon Corporation (Netherlands)
9. FM System, Inc. (U.S.)
10. iOffice Corporation (U.S.)

Objectives of the Study:
Tdefine, describe, and forecast the global facility management market on the basis of solutions, services, deployment types, business sizes, verticals, and regions
Tprovide detailed information regarding major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
Tstrategically analyze micro-markets with respect tindividual growth trends, future prospects, and contribution tthe total market
Tforecast the market size with respect tfive main regions, namely, North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and Latin America
Tstrategically profile key players and comprehensively analyze their core competencies
Ttrack and analyze competitive developments such as joint ventures, Mergers and Acquisitions (M&A), new product developments, and Research and Development (R&D) activities in the facility management market
The target audiences of the facility management market report are given below:
Facility management providers
Integration service providers
Managed service providers
Cloud service providers
Professional service (consultancy, training) providers
End users (verticals)
Facility management service providers (third-party vendors)
Other IT tools vendors/providers (database, visual dashboards, GIS)
Application developers

“Study answers several questions for the stakeholders, primarily which market segments tfocus in next twtfive years for prioritizing the efforts and investments.”

Scope of the Report
The research report categorizes the facility management market tforecast the revenues and analyze the trends in each of the following subsegments:
By Solution
Asset and inventory management
Workplace and relocation management
Sustainability management
Strategic planning and project management
Real estate and lease management
Maintenance management
Others (space reservation and incident management)

By Service
Consulting
Integration and deployment
Managed services
By Deployment Type
On premises
Cloud
By Business Size
Small and medium-sized businesses
Large enterprises
By Industry Vertical
Banking, Financial Services, and Insurance (BFSI)
IT and telecom
Government and public administration
Healthcare
Education
Retail
Energy
Manufacturing
Real estate and property
Others (media & entertainment, transportation & logistics, and hospitality)
By Region
North America
Europe
MEA
APAC
Latin America