The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Note 1: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.
The key highlights of the report include:
Market Overview (2016-2026)
• Historical Market Size (2020): USD 1392 billion
• Forecast CAGR (2021-2026): 6%
• Forecast Market Size (2026): USD 2094 billion
Request a free sample copy in PDF or view the report summary@ https://www.expertmarketresearch.com/reports/facility-management-market/requestsample
Together with the growing adoption of the Internet of Things (IoT) and cloud-based computing, the evolving trend of digitalization currently represents the key factors that drive market growth. The use of advanced technology for building management, such as cloud computing and augmented reality (AR), has allowed managers to reduce their dependence on human resources and increase their operational efficiencies. Also, the advent of Integrated Facility Management (IFM) acts as another factor that induces development. FM platforms are also used to handle home-based, on-the-go, after-hours and staff easily, as well as outsourced services while ensuring that all the required resources for full efficiency are available.
Industry Definition and Major Segments
Facility Management (FM) refers to an integrated system of technologies that are used to make commercial and residential spaces more functional. FM technologies are used for room preparation, infrastructure repair, portfolio forecasting, business continuity, emergency preparedness and environmental protection, such as building management, logistics and security management, Computer-Aided Facilities Management (CAFM), etc.
Explore the full report with the table of contents@ https://www.expertmarketresearch.com/reports/facility-management-market
On the basis of the solution, the market has been segmented into:
• Integrated workplace management system
• Facility operations and security management
• Building information modelling
• Facility property management
• Facility environment management
Based on the service, the market has been segregated into:
• Deployment and integration
• Auditing and quality assessment
• Support and maintenance
• Consulting
• Service level agreement management
The market has been bifurcated on the basis of the deployment type:
• On-premises
• Cloud
The market has been bifurcated on the basis of the organisation size:
• Small and Medium Size Enterprises
• Large Enterprises
On the basis of the vertical, the market has been segmented into:
• Banking, Financial Services, and Insurance
• IT and Telecom
• Government and Public Administration
• Healthcare
• Education
• Retail
• Energy and Utilities
• Others
On the basis of the region, the market has been segmented into:
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America
Market Trends
Companies across the globe have begun outsourcing FM services over the past few years. The popularity of this model has attracted several new entrants to the market who provide companies with advanced solutions. Also, the advent of technologies driven by artificial intelligence (AI) and the Internet of Things (IoT) has enabled industry players to shift from tactical, traditional facility management to a predictive, more intelligent management experience. One of these advanced solutions includes blockchain technology, which has allowed businesses to offer greater transparency as well as track contractors’ maintenance and service visits efficiently. Because of these advantages, FM solutions are widely applicable in the residential, banking, financial services and insurance (BFSI), retail, health and education sectors.
Key Market Players
The major players in the market are IBM, Oracle, Trimble, CA Technologies, SAP, Archibus, Accruent, Maintenance Connection and MCS Solutions. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
Related Reports:
Global Cloud Analytics Market: https://www.expertmarketresearch.com/reports/cloud-analytics-market
Global Mobile Advertising Market: https://www.expertmarketresearch.com/reports/mobile-advertising-market
Global Context Aware Computing Market: https://www.expertmarketresearch.com/reports/context-aware-computing-market
Global Virtual Reality in Education Market: https://www.expertmarketresearch.com/reports/virtual-reality-in-education-market
Global Virtual Router Market: https://www.expertmarketresearch.com/reports/virtual-router-market
Global Video Wall Market: https://www.expertmarketresearch.com/reports/video-wall-market
Global Integration Platform as a Service (iPaaS) Market: https://www.expertmarketresearch.com/reports/integration-platform-as-a-service-ipaas-market
Global Gaming Console Market: https://www.expertmarketresearch.com/reports/gaming-console-market
Global Retail Analytics Market: https://www.expertmarketresearch.com/reports/retail-analytics-market
Global Enterprise Content Management Market: https://www.expertmarketresearch.com/reports/enterprise-content-management-market
Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
About Us:
Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.
At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.
We also provide state-of-the-art procurement intelligence through our platform, https://www.procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.
Informes de Expertos (https://informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.
Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.
Media Contact
Company Name: Expert Market Research
Contact Person: Matt Johnson
Email: Send Email
Phone: +1-415-325-5166
Address:138 Duane Street
City: New York City
State: NY
Country: United States
Website: https://www.expertmarketresearch.com/