Scope of the Study
Facility management helps the system to manage repair and maintain program. In other words, facility management is a system of coordinating physical workplace with people which encompasses equipment maintenance, space planning, and portfolio forecasting. The facility management also includes emergency preparedness and business continuity, environmental sustainability, human factors, communication, project management, quality and many more. According to International Organization for Standardization (ISO) facility management is defined as the organizational function that integrates place, people, process and technology within the environment which improves the quality of life and productivity of core business.
The market study is being classified by Type (Asset Management, Workplace & Relocation Management, Strategic Planning Management, Real Estate & Lease Management and Others) and major geographies with country level break-up.
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) and FM:Systems (United States) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are iOFFICE (United States), Maintenance Connection (United States), JadeTrack (United States), MetricStream (United States), Facility Management express (United States), eMaint (United States), Hippo CMMS (Canada) and FSI (England).
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Facility Management System market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Facility Management System market by Type, Application and Region.
On the basis of geography, the market of Facility Management System 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rising Adoption of Cloud Based Solutions
- Increasing Need to Maintain Environmental and Regulatory Compliance
- Growing Adoption of IoT and Connected Devices
- Development of Sustainable Infrastructure in Various Regions
- Increasing Dependency on In House Facility Management Team
- Changing Organizational Structure and Work Management is Fueling the Market
- Rising Demand of Service Outsourcing
- Lack of Awareness about the Facility Management System
- Lack of Skilled Professionals
Market Leaders and their expansionary development strategies
On 14 January 2019, IBM has acquired T systemsí mainframe service business and On 2nd October 2019, Oracle has acquired Crowd Twist which is an industry leading provider of comprehensive multichannel loyalty and analytics solutions
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 .
Key Target AudienceFacility management system providers, Government associations, Research organizations, software vendors and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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