Facility Management Market
Global Facility Management Market Size, Share & Trends Analysis By Component (Solutions and Service), By Organization Size (Large Enterprises and Small and Medium-Sized Enterprises) and By Vertical (BFSI, IT and Telecom, Healthcare, Education, Retail and Others) Forecast 2022-2028 Update Available - Forecast 2024-2030
The global facility management market is growing at a considerable CAGR of 13.5% during the forecast period. The major factor that is augmenting the growth of the global facility management is an increase in demand for facility management solutions integrated with intelligent software. Moreover, growing changes in the structure of an organization along with work management and growing adoption of the Internet of Things (IoT) are also estimated to be the other important factors that are contributing significantly towards the growth of the market. However, lack of awareness regarding facility management solution and services is major factors constraints that are hindering the growth of the global facility management market across the globe.
However, growing technology advancement by companies and increasing outsourcing of facility management operations are the key factors that are creating opportunities for the market. New product launches in the market are likely to drive the growth of the global facility management market. For instance, in January 2020, IBM Corp. had set forth artificial intelligence (AI) into its TRIRIGA solution in order to support the real estate and facility management professionals for the purpose of effectively utilizing the office space along with delivering a more engaging workplace experience. This would support the customers operating large real estate portfolios with insights to make the finest data-driven decisions regarding managing their workspace. Additionally, this improved visibility would supports organizations improve facility utilization to decrease space wastage that could conceivably give outcome in savings on real estate operating costs.
Impact of COVID-19 on the Global Facility Management Market
The COVID-19 pandemic in the major economies had disrupted working due to lockdown restrictions. However, the global facility management was positively affected by the COVID-19 pandemic since December 2019. As the facility management had supported in order to create a safe work environment. Additionally, the company had taken all the necessary steps for the purpose of reducing the adverse impact of this COVID-19 pandemic with the support of facility management.
Segmental Outlook
The market is segmented based on component, organization size, and vertical. Based on the component, the market is segmented into solutions and service. Based on organization size, the market is divided into large enterprises and small and medium-sized enterprises (SMEs). Further, based on the vertical segment, the market is divided into BFSI, IT and telecom, healthcare, education, retail, and others.
Global Facility Management Market Share by Component 2021 (%)
Solutions Expected to Hold Prominent Market Share in the Global Facility Management Market
Based on the component, the solutions segment holds a significant share in the global facility management market. The demand for the solutions segment is increasing owing to the rising need for various software provided by the key players that are supporting the growing needs of efficient facility management. This facility management software is made in order to perform different functions that include asset maintenance management, along with tracking of important information associated with equipment among others that leads to an effective work process.
Regional Outlooks
The global facility management market is analyzed based on the geographical regions that are contributing significantly towards the growth of the market. Based on the geography, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. North America held a considerable share in the global facility management market. Some factors that are boosting the market growth in North America are, rapidly increasing demand for facility management in the IT and telecommunications companies in the region. Additionally, the increasing technological advancements such as AI and cloud-based services along with the existence of a large number of players providing effective offerings are some other main factor that is providing support to the growth of the market in the region.
Global Facility Management Market, by Region 2022-2028
Asia-Pacific will have Considerable Growth in the Global Facility Management Market
Asia-Pacific region is expected to witness significant growth opportunities for the market. Increasing key market companies expanding their reach along with bringing advancement in technology such as IoT in the emerging economies of the region are likely to drive the growth of the regional market. Additionally, growing organization dependency on software and services for operational purposes in the region is likely to drive the growth of the regional market.
Market Player Outlook
The prominent players functioning in the global facility management market include IBM Corp., Oracle Corp., SAP Corp., Apleona GmbH, and Planon among others. These key manufacturers are adopting various strategies such as new product launches and approvals, mergers and acquisitions, partnerships, and collaborations, and many others to thrive in a competitive environment. For instance, in June 2020, SAP Corp. had done a partnership with Honeywell for the purpose of creating a joint cloud-based solution. This solution would be based on Honeywell Forge which is an enterprise performance management offering and the SAP Cloud Platform in order to enhance operational and business data to support better decision making and drive efficiencies. This would support the real estate industry where building owners and facility management professionals can require data from different sources.
In April 2021, MRI Software which is considered as one of the providers of real estate software had acquired Manhattan, the real estate and workplace solutions business of Trimble Corp., in order to improve sustainability and energy efficiency.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global facility management market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where in the market.
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of Covid-19 on Key Players
4. Market Segmentation
4.1. Global Facility Management Market by Component
4.1.1. Solutions
4.1.2. Service
4.2. Global Facility Management Market by Organization Size
4.2.1. Large enterprises
4.2.2. Small and medium-sized enterprises (SMEs)
4.3. Global Facility Management Market by Vertical
4.3.1. BFSI
4.3.2. IT and Telecom
4.3.3. Healthcare
4.3.4. Education
4.3.5. Retail
4.3.6. Others
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Apleona GmbH
6.2. eFACiLiTY
6.3. Express Facility Management
6.4. FACILIO.COM
6.5. FM:Systems
6.6. Fortive Corp.
6.7. IBM Corp.
6.8. Infor
6.9. iOFFICE
6.10. Nuvolo
6.11. MRI Software LLC
6.12. Oracle Corp.
6.13. Planon
6.14. QuickFMS
6.15. SAP Corp.
6.16. Service Works Global
6.17. Spacewell International
6.18. UpKeep Maintenance Management
1. GLOBAL FACILITY MANAGEMENT MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
2. GLOBAL SOLUTIONS BASED FACILITY MANAGEMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL SERVICE BASED FACILITY MANAGEMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL FACILITY MANAGEMENT MARKET RESEARCH AND ANALYSIS BY ORGANIZATION SIZE, 2021-2028 ($ MILLION)
5. GLOBAL FACILITY MANAGEMENT FOR LARGE ENTERPRISES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL FACILITY MANAGEMENT FOR SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL FACILITY MANAGEMENT MARKET RESEARCH AND ANALYSIS BY VERTICAL, 2021-2028 ($ MILLION)
8. GLOBAL FACILITY MANAGEMENT FOR BFSI MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL FACILITY MANAGEMENT FOR IT AND TELECOM MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL FACILITY MANAGEMENT FOR HEALTHCARE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL FACILITY MANAGEMENT FOR EDUCATION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL FACILITY MANAGEMENT FOR RETAIL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. GLOBAL FACILITY MANAGEMENT FOR OTHERS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
14. GLOBAL FACILITY MANAGEMENT MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
15. NORTH AMERICAN FACILITY MANAGEMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
16. NORTH AMERICAN FACILITY MANAGEMENT MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
17. NORTH AMERICAN FACILITY MANAGEMENT MARKET RESEARCH AND ANALYSIS BY ORGANIZATION SIZE, 2021-2028 ($ MILLION)
18. NORTH AMERICAN FACILITY MANAGEMENT MARKET RESEARCH AND ANALYSIS BY VERTICAL, 2021-2028 ($ MILLION)
19. EUROPEAN FACILITY MANAGEMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
20. EUROPEAN FACILITY MANAGEMENT MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
21. EUROPEAN FACILITY MANAGEMENT MARKET RESEARCH AND ANALYSIS BY ORGANIZATION SIZE, 2021-2028 ($ MILLION)
22. EUROPEAN FACILITY MANAGEMENT MARKET RESEARCH AND ANALYSIS BY VERTICAL, 2021-2028 ($ MILLION)
23. ASIA-PACIFIC FACILITY MANAGEMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
24. ASIA-PACIFIC FACILITY MANAGEMENT MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
25. ASIA-PACIFIC FACILITY MANAGEMENT MARKET RESEARCH AND ANALYSIS BY ORGANIZATION SIZE, 2021-2028 ($ MILLION)
26. ASIA-PACIFIC FACILITY MANAGEMENT MARKET RESEARCH AND ANALYSIS BY VERTICAL, 2021-2028 ($ MILLION)
27. REST OF WORLD FACILITY MANAGEMENT MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
28. REST OF WORLD FACILITY MANAGEMENT MARKET RESEARCH AND ANALYSIS BY ORGANIZATION SIZE, 2021-2028 ($ MILLION)
29. REST OF WORLD FACILITY MANAGEMENT MARKET RESEARCH AND ANALYSIS BY VERTICAL, 2021-2028 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL FACILITY MANAGEMENT MARKET, 2021-2028 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL FACILITY MANAGEMENT MARKET BY SEGMENT, 2021-2028 ($ MILLION)
3. RECOVERY OF GLOBAL FACILITY MANAGEMENT MARKET, 2022-2028 (%)
4. GLOBAL FACILITY MANAGEMENT MARKET SHARE BY COMPONENT, 2021 VS 2028 (%)
5. GLOBAL SOLUTIONS BASED FACILITY MANAGEMENT MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
6. GLOBAL SERVICE BASED FACILITY MANAGEMENT MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
7. GLOBAL FACILITY MANAGEMENT MARKET SHARE BY ORGANIZATION SIZE, 2021 VS 2028 (%)
8. GLOBAL FACILITY MANAGEMENT FOR LARGE ENTERPRISES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
9. GLOBAL FACILITY MANAGEMENT FOR SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
10. GLOBAL FACILITY MANAGEMENT MARKET SHARE BY VERTICAL, 2021 VS 2028 (%)
11. GLOBAL FACILITY MANAGEMENT FOR BFSI MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
12. GLOBAL FACILITY MANAGEMENT FOR IT AND TELECOM MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
13. GLOBAL FACILITY MANAGEMENT FOR HEALTHCARE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
14. GLOBAL FACILITY MANAGEMENT FOR EDUCATION MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
15. GLOBAL FACILITY MANAGEMENT FOR RETAIL MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
16. GLOBAL FACILITY MANAGEMENT FOR OTHERS VERTICAL MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
17. GLOBAL FACILITY MANAGEMENT MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
18. US FACILITY MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
19. CANADA FACILITY MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
20. UK FACILITY MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
21. FRANCE FACILITY MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
22. GERMANY FACILITY MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
23. ITALY FACILITY MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
24. SPAIN FACILITY MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
25. REST OF EUROPE FACILITY MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
26. INDIA FACILITY MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
27. CHINA FACILITY MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
28. JAPAN FACILITY MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
29. SOUTH KOREA FACILITY MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
30. REST OF ASIA-PACIFIC FACILITY MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
31. REST OF THE WORLD FACILITY MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
