FM Software Market Definition
Facilities management (FM) software enables organizations to manage their entire repair and maintenance program from a web-based dashboard. FM software is designed to help businesses save time and money by properly managing their buildings, spaces, and occupants more efficiently and effectively. Facilities management software tools enable multi-site facility managers to perform a range of functions related to ongoing maintenance and repair, including asset management, commercial contractor sourcing, and compliance, work order fulfillment, preventive maintenance scheduling, invoicing, and analytics.
The market study is broken down by Type (CAFM Software (Computer-Aided Facility Management), CMMS Software (Computerized Maintenance Management Software) and Service Automation Software) and major geographies with country level splits.
Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global FM Software market throughout the predicted period.
IBM (United States), Oracle (United States), SAP (Germany), Archibus (United States), Trimble (United States), CA Technologies (United States), Accruent (United States), Planon (England), MCS Solutions (United States), Jadetrack (United States) and Autodesk (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Metricstream (United States), Facilities Management Express (United States), Emaint (United States), Hippo Cmms (United States) and Apleona (Germany).
AdvanceMarketAnalytics has segmented the market of Global FM Software market by Type, Application and Region.
On the basis of geography, the market of FM Software 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 2019. Europe 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 Deployment Mode, the sub-segment i.e. Cloud-Based will boost the FM Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Services, the sub-segment i.e. Simplified Work Order Management will boost the FM Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Vertical, the sub-segment i.e. Retail will boost the FM Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Organization Size , the sub-segment i.e. SMEs will boost the FM Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On 28th January 2020, IBM is adding AI capabilities to its TRIRIGA real estate and facilities management software, the company announced Tuesday. The new intelligent features are meant to help real estate and facility managers optimize office space and improve the workplace experience.
- The Growing Demand for Cloud Solutions
- Growing adoption of IoT and smart connected devices for building automation
- Increasing demand for integrated facility management to achieve economies of scale
- Changing focus to virtual workplace and mobility
- High Adoption from Developing Countries
- Technological Advancement in the FM Software
- The Issues Related to the Technological Complication
- Lack of skills and expertise
Key Target AudienceFM Software Providers, Government Regulatory Bodies, Research Organizations, Government Research Organizations and Others
About ApproachThe 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.
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