Global Facilities Management Services Market Overview:
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 Some of the key players profiled in the study 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).
On the basis of geography, the market of Facilities Management Services has been segmented into 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). North America region held largest market share in the year 2018. Asia Pacific on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Enterprise Size, the sub-segment i.e. SMEs will boost the Facilities Management Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- 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
- Rising need to maintain environmental and regulatory compliance
- Lack of awareness regarding facility management services
- Existence of unorganized players
- New advanced technology in facility management service
- Dearth of skilled experts
FMI is designed to promote and accelerate the development of the facility management profession. FMI helps Federal agencies implement the Federal Buildings Personnel Training Act of 2010 (FBPTA). Congress passed the FBPTA to ensure Federal buildings are operated and maintained at the highest performance levels throughout their lifecycle
Planon is strengthening its position in Northern Europe by opening an office in Göteborg, Sweden. The newly opened office will streamline support to Planon’s future and current customers, including Danfoss and Attendo
Target Audience:Facility management service providers, Managed service providers, Integration service providers, Cloud service providers, Building automation service providers, Architects, engineers, and contractors, Consultancy firms and advisory firms and Regulatory agencies
Major Objectives Focused through this Study To define, describe, and forecast the Global Facilities Management Services market on the basis of product [Hard Services and Soft Services] , application [Corporate, Government and Public Sector, Healthcare, Residential and Education Institutions, Retail and Commercial and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Facilities Management Services market with respect to major geographies, namely, 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)
To strategically profile the key players and analyzing their market shares and core competencies in the Facilities Management Services industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Manufacturers which are also part of the research are Facilityone Technologies (United States), MCS Solutions (Belgium), Metricstream (United States), Hippo Cmms (Canada) and Facilities Management Express (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Facilities Management Services market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.