Facility Management Market – Industry Analysis, Trends, Market Size and Forecast 2022 – 2031

Kenneth Research, in its repository of market research reports, have recently added a report on Facility Management Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022-2031. The Facility Management Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Facility Management Market products.

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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further.

Global Facility Management Market to reach USD 78.6 billion by 2025. Global Facility Management Market valued approximately USD 28.4 billion in 2016 is forecasted to grow with a healthy growth rate of more than 11.97% over the forecast period 2018-2025. The major factors speculated to augment the markets are changing focus to virtual workplace and mobility, requirement to maintain regulatory and environmental compliance, rising development of the sustainable infrastructure and emergence of the SaaS deployment model. Dependency on the in-house facility management team and lack of managerial awareness is one of the key restraining factors of the market. Lack of skills & expertise and integration of facility management with legacy ERP systems is the major challenge prevalent in the market. Facility management is a professional management discipline focused upon the efficient and effective delivery of support services for the organizations which it serves.

The regional analysis of Global Facility Management Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world in terms of market share. The increasing number of public-private partnership projects in the North America region is complimenting the growth rate. Whereas, owing to rapid economic growth in countries such as China, India, and Japan, Asia Pacific region is also expected to exhibit higher growth rate / CAGR over the forecast period 2018-2025.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years.

The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Component:

*Solution
o Facility Operations & Security Management
o Integrated Workplace Management System
o Facility Environment Management
o Building Information Modelling
o Facility Property Management
*Services
o Auditing & Quality Assessment
o Deployment & Integration
o Support & Maintenance
o Consulting
o SLA Management

By End-User:

*Healthcare
*Government & Defense
*Telecom & IT
*Banking, Financial Services, and Insurance (BFSI)
*Education
*Retail
*Energy & Utilities
*Construction
*Manufacturing
*Others

By Regions:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World

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Furthermore, years considered for the study are as follows:

Historical year – 2015, 2016
Base year – 2017
Forecast period – 2018 to 2025

The industry is seeming to be fairly competitive. Some of the leading market players include Jadetrack, IBM, Emaint, Oracle, Maintenance Connection, SAP, Hippo Cmms, Archibus, Apleona, Trimble, Indus Systems, CA Technologies, iOFFICE, Accruent, Autodesk, Planon, Metricstream, FM Systems, MCS Solutions, Facilities Management Express, FSI, and so on. The fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.

Target Audience of the Facility Management Market Study:

*Key Consulting Companies & Advisors
*Large, medium-sized, and small enterprises
*Venture capitalists
*Value-Added Resellers (VARs)
*Third-party knowledge providers
*Investment bankers
*Investors

TABLE OF CONTENTS
Chapter 1. Global Facility Management Market Definition & Scope
1.1. Research Objective
1.2. Market Definition
1.3. Scope of The Study
1.4. Years Considered for The Study
1.5. Currency Conversion Rates
1.6. Report Limitation
Chapter 2. Research Methodology
2.1. Research Process
2.1.1. Data Mining
2.1.2. Analysis
2.1.3. Market Estimation
2.1.4. Validation
2.1.5. Publishing
2.2. Research Assumption
Chapter 3. Executive Summary
3.1. Global & Segmental Market Estimates & Forecasts, 2015-2025 (USD Billion)
3.2. Key Trends
Chapter 4. Global Facility Management Market Dynamics
4.1. Growth Prospects
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.2. Industry Analysis
4.2.1. Porter’s 5 Force Model
4.2.2. PEST Analysis
4.2.3. Value Chain Analysis
4.3. Analyst Recommendation & Conclusion
Chapter 5. Global Facility Management Market by Component
5.1. Market Snapshot
5.2. Market Performance – Potential Model
5.3. Facility Management Market, Sub Segment Analysis
5.3.1. Solution
5.3.1.1. Market estimates & forecasts, 2015-2025 (USD Billion)
5.3.1.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)
5.3.1.3. Type breakdown estimates & forecasts, 2015-2025 (USD Billion)
5.3.1.3.1. Facility Operations & Security Management
5.3.1.3.2. Integrated Workplace Management System
5.3.1.3.3. Facility Environment Management
5.3.1.3.4. Building Information Modelling
5.3.1.3.5. Facility Property Management
5.3.2. Services
5.3.2.1. Market estimates & forecasts, 2015-2025 (USD Billion)
5.3.2.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)
5.3.2.3. Type breakdown estimates & forecasts, 2015-2025 (USD Billion)
5.3.2.3.1. Auditing & Quality Assessment
5.3.2.3.2. Deployment & Integration
5.3.2.3.3. Support & Maintenance
5.3.2.3.4. Consulting
5.3.2.3.5. SLA Management
Chapter 6. Global Facility Management Market by End-User
6.1. Market Snapshot
6.2. Market Performance – Potential Model
6.3. Facility Management Market, Sub Segment Analysis

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