What is Facility Management Services Market Scope?
Facility management services help the facility management team to develop sustainable buildings and optimize functions at the most efficient level. Facility management services enable facility managers to identify the underutilized and poor performing facilities, assets, processes, and resources, and help improve facility assets. Increasing demand for cloud-based solutions to offer a reliable means of hosting facility management software is propelling the growth of the global Facility management services market in the forecast period.
The Facility Management Services market study is being classified, by Application (Commercial Buildings, Public Buildings and Residential Buildings) and major geographies with country level break-up.
Research Analyst at AMA predicts that Players from United States will contribute to the maximum growth of Global Facility Management Services market throughout the predicted period.
IBM (United States), Oracle (United States), SAP (Germany), Trimble Inc.(United States), Accruent (United States), MRI Software LLC (United States), Planon (Netherlands), ServiceChannel (United States), Service Works Global (United Kingdom), FMX (Germany), Causeway Technologies (United Kingdom) and FM: Systems (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Spacewell (Belgium), iOFFICE (United States), ARCHIBUS (United States), Archidata Inc. (Canada), JadeTrack (United States) and UpKeep Maintenance Management (United States).
Analyst at AMA have segmented the market study of Global Facility Management Services market by Type, Application and Region.
On the basis of geography, the market of Facility 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).
Market Influencers and their development strategies
On 22nd May 2020, Oracle Japan Corporation partnered with Propre Japan Inc., a Japanese subsidiary of Propre Pte. Ltd., a real estate big data platform provider. Oracle Japan would help Propre Japan Inc. to innovate Propre’s real estate big data platform for 17 countries around the world. This partnership would help Oracle to expand its customer base.
On 21st May 2020, Accruent introduced enhancements in its cloud-based manufacturing solutions. The major Accruent cloud-based manufacturing solution include synchronization of asset data between EAM and EDM solutions, API-based integration options for Meridian EDM software, and Single sign-on (SSO) for Accruent manufacturing solutions. and In April 2019, IBM collaborated with Sund & Bælt, a company that owns and operates some of the largest infrastructures in the world, to assist in IBM's development of an AI-powered IoT solution designed to help prolong the lifespan of aging bridges, tunnels, highways, and railways.
Influencing Market Trend
- Increasing Adoption of IoT and AI in facility Management Solutions
- Increasing Demand for Cloud-Based Facility Management Services
- Rising Demand for Facility Management Solutions Integrated with Intelligent Software
- Growing Focus of Enterprises to Comply with Regulatory Policies
- Increasing Trend of Outsourcing Facility Management Operations
- Rising Focus on Integrating BIM with Facility Management Solutions
- Lack of Managerial Awareness and Standardization
- Integration of Facility Management with Legacy ERP Systems
Key Target AudienceFacility Management Services Providers, Research Organizations and Consulting Companies, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Others
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