The Rising Investment towards Adoption of Cloud-Based Solutions to Foster the Growth of the Global Facility Management Market

Published: Mar 2022

The global facility management market is anticipated to grow at a considerable CAGR of 13.5% during the forecast period (2022-2028). The speeding up in the adoption of cloud-based solutions is one of the prime factors affecting and driving the market. Cloud-based facility management software supports in conveniently accessing it from anywhere and at any time, as it significantly improves employee productivity and collaboration. This also supports decreasing the operating costs of organizations as the software enhances better and more effective security, scalability, along with quick disaster recovery. As the backups are stored on cloud host platforms which are either shared or private that enables the organizations in order to recover easily critical server data which in turn is driving the growth of the market.

Browse the full report description of “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” at https://www.omrglobal.com/industry-reports/facility-management-market

The key players operating in the global facility management market had been adopting strategies such as new launches to gain major market share. For instance, in November 2021, Oracle Corp. had set forth the opening of its first cloud region in France for the purpose of supporting the increasing cloud computing demands of private and public sector organizations. Additionally, the company provides a broad range of application modernization and cloud strategies in order to support French organizations operating with global competitiveness.

Market Coverage

The market number available for – 2021-2028

Base year- 2021

Forecast period- 2022-2028

Segment Covered- 

o By Component

o By Organization Size

o By Vertical

Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

Competitive Landscape- include IBM Corp., Oracle Corp., SAP Corp., Apleona GmbH, and Planon Key questions addressed by the report

What is the market growth rate?

Which segment and region dominate the market in the base year?

Which segment and region will project the fastest growth in the market?

How COVID-19 impacted the market?

o Deviation from the pre-COVID-19 forecast

o Most affected region and segment

Who is the leader in the market?

How are players addressing challenges to sustain growth?

Where is the investment opportunity?

Global Facility Management Market Report Segment

By Component

  • Solutions
  • Service

By Organization Size

  • Large Enterprises
  • Small and Medium-sized Enterprises (SMEs)

By Vertical

  • BFSI 
  • IT and telecom 
  • Healthcare 
  • Education 
  • Retail
  • Others 

Global Facility Management Market Report Segment by Region 

North America

United States

Canada

Europe

UK

Germany

Italy

Spain

France

Rest of Europe 

Asia-Pacific

China

India

Japan

South Korea

Rest of Asia-Pacific 

Rest of the World

Latin America 

Middle East & Africa


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