Facilities Management Market Scope
Facility management is a multidisciplinary field dedicated to the coordination of infrastructure, space, organization, and people. It is often associated with the administration of office blocks, sporting complexes, schools, shopping complexes, hotels, manufacturing, hospitals, and convention centers among others. The supportive government initiatives for the development of smart cities and the increasing adoption of smart connected devices and IoT for building automation are the major factors supporting facilities management market growth. Moreover, growing demand from the developing economies expected to fuel market growth during the forecasted period.
According to AMA, the Global Facilities Management market is expected to see growth rate of 11.41%
Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Facilities Management market throughout the predicted period.
IBM (United States), Oracle (United States), SAP (Germany), MCS Solutions (Belgium), ARCHIBUS (United States), Trimble (United States), CA Technologies (United States), Accruent (United States), Planon (Netherlands), FM Systems (United States), Maintenance Connection (United States), JadeTrack (United States), MetricStream (United States), Facility Management eXpress (United States), Indus Systems (United States), Autodesk (United States), Nemetschek (Germany), OfficeSpace (United States), FacilityONE Technologies (United States) and Apleona (Germany) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are EMaint (United States), Hippo CMMS (Canada), FSI (United Kingdom), Archidata (Canada), iOFFICE (United States) and Genius Consultants Ltd. (India).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Facilities Management market and Region with country level break-up.
On the basis of geography, the market of Facilities Management 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).
2nd January 2019, Genius consultants, an Indian consulting and manpower outsourcing company launched facility management service (FMS) to expand its service portfolio.
“The European standards for facilities management offers a definition in EN15221-1, provided by the European Committee for Standardization (CEN) and ratified by 31 European countries as: “the integration of processes within an organization to maintain and develop the agreed services which support and improve the effectiveness of its primary activities. According to this European standard, the scope of FM is 'Space & Infrastructure' (planning, design, workplace, construction, lease, occupancy, maintenance, furniture, cleaning, etc.) and 'People & Organization' (catering, ICT, HR, HS&S, accounting, marketing, hospitality, etc.)”
Market Trend
- Growing Adoption of Cloud-Based Facilities Management Solutions
- Emphasizing On Implementation of Digital Twin Technology in Facility Asset Management Solutions
Market Drivers
- Increasing Adoption of Smart Connected Devices and IoT for Building Automation
- Emergence of the SaaS Deployment Model for Facilities Management Solutions
Opportunities
- Growing Focus on Integrating Building Information Modeling with Facility Management Solutions
- Rising Demand from the Developing Economies
Restraints
- Lack of Skilled Professional to Adopt New Technology
Challenges
- Lack of Awareness Regarding Facility Management Solutions
Key Target Audience
Facility Management Solution Providers, Managed Service Providers, Integration Service Providers, Cloud Service Providers, Facility Management Service Providers, Building Automation Solution Providers, Architects, Engineers, and Contractors, Consultancy Firms and Advisory Firms, Regulatory Agencies and Others