Facility management refers as the efficient and effective delivery of services for the organization. The key benefits of the facility management services include cost optimization, transfer of risk, tailored services, various technology solutions, standardization and among others. These key benefits of the facility management service is acting as key driver for the market as many company getting financial benefits due to facility management service. But lack of awareness associated with the benefits of the service is limiting the growth of the market. New technologies such as Internet of Things (IoT) and smart connected devices can create a huge opportunity for the facility management service market
According to AMA, the Global Facility Management market is expected to reach USD79837.0 Million by 2024 growing at a CAGR of 12.5%.
Increasing Adoption of Internet of Things and smart connected devices for building automation
Increasing Adoption of cloud-based solutions, Emergence of the Software as a service deployment model and Rising Demand for integrated facility management
Lack of Skilled Man force
The Manufacturers Covered in the Study are:
IBM Corporation (United States), Oracle Corporation (United States), SAP SE (Germany), MCS Solutions (Belgium), Ioffice Corporation (United States), Archibus, Inc. (United States), FM System, Inc. (United States), CA Technologies, Inc. (United States), Accruent, LLC (United States), Planon Corporation (Netherlands), Trimble, Inc. (United States), Maintenance Connection (United States), JadeTrack (United States), MetricStream(United States), Facility Management eXpress (United States), eMaint (United States), Hippo CMMS (Canada), Indus Systems (United States) and Autodesk (United States)
According to ISO 41001:2018, the facility management service should demonstrate effective and efficient delivery, and aims to without fail meet the requirements of interested customers/clients and applicable needs .
List of players that can be included in the study on immediate basis are Nemetschek (Germany), Archidata (Canada), OfficeSpace (United States), FacilityONE Technologies (United States) and Apleona (Germany).