Industry Background:
Facility management service is a bunch of maintenance services that are utilized by companies, organizations and housing societies towards an integrated approach to the various day to day activities and maintenance management. The facility management companies ensure that the part under their control or management is run smoothly, efficiently and economically with the implementation of professional quality of daily services such as Auditing and Quality Assessment, Support and Maintenance etc. The factors like increasing demand of cloud technology solutions like SaaS deployment model, rising need of IoT and connected devices for building automation are propelling the market growth
The Global Facilities Management Services market presents a comprehensive analysis of the Facilities Management Services market by product type (Solutions [IWMS, BIM, Facility Operations and Security Management, Facility Environment Management, Facility Property Management] and Service [Professional Services, Managed Services]), by end-user/application (BFSI, IT and Telecom, Government and public administration, Healthcare, Retail, Manufacturing, Construction and Real Estate and Others), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. The key Manufacturers profiled in the report are Oracle (United States), Archibus (United States), CA Technologies (United States), Accruent (United States), Planon Corporation (United States), Ioffice (United States), Trimble, Inc. (United States), IBM Corporation (United States), FM Systems, Inc. (United States) and SAP SE (Germany). Additionally, other players that are part of this comprehensive study are Facilityone Technologies (United States), MCS Solutions (Belgium), Metricstream (United States), Hippo Cmms (Canada) and Facilities Management Express (United States).
Market Drivers
- Emergence of SaaS deployment model and IoT
- Increasing adoption of smart connected devices for building automation
- Rising number of commercial and residential buildings such as shopping malls, hotels, hospitals and offices
Market Trend
- Rising need to maintain environmental and regulatory compliance
Restraints
- Lack of awareness regarding facility management services
- Existence of unorganized players
Regional Breakdown and Segment Analysis
This section of our report presents a realistic picture of the Global Facilities Management Services industry. Investors and manufacturers can easily understand the inherent opportunities and challenges for their products in geographical region of interest. For instance, while the North America holds majority of market share of the Facilities Management Services, the Asia Pacific has emerged as a crucial market for several Facilities Management Services brands.
The regional segmentation covered in this report are:
South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)