Global Facility Management Market Size Study & Forecast, by Service Type (Hard Services, Soft Services, Other Services), by Industry Vertical (Healthcare, Government, Education, Military & Defense, Real Estate, Others), and Regional Analysis, 2023-2030

Global Facility Management Market Size Study & Forecast, by Service Type (Hard Services, Soft Services, Other Services), by Industry Vertical (Healthcare, Government, Education, Military & Defense, Real Estate, Others), and Regional Analysis, 2023-2030

Global Facility Management Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. Facility management is a specialized management field dedicated to the efficient and effective provision of logistics and various support services associated with real estate and structures. It is a multidisciplinary field that involves the management and maintenance of physical assets and infrastructure within an organization or facility. The primary goal of FM is to provide a safe, functional, and comfortable environment for employees, customers, and other occupants while optimizing the use of resources and reducing operating costs. The Facility Management Market is expanding because of factors such as the surge in the adoption of IoT and AI in facility management solutions, the rising emphasis of enterprises to comply with regulatory policies, the rise in demand for cloud-based facility management solutions, and growing inclination towards the adoption of advanced technologies to maintain sustainability at workplaces.

In addition, governments globally invest heavily in construction and infrastructure, focusing on renovating existing structures, constructing new buildings, and civil engineering projects. The market benefits significantly from infrastructure development, especially in renovating buildings and constructing smart structures. Emerging economies collaborate with private contractors, including international players, to maintain clean and sustainable infrastructure. Additionally, increasing real estate investments are driving the growth of smart buildings. These buildings require interconnected systems for lighting, sensors, windows, doors, HVAC, and CCTV. This integration is vital for preventive maintenance in the smart building industry. The demand for such management services is on the rise as numerous buildings in both developed and developing countries require cleaning and maintenance. For instance, in January 2019, the Saudi Arabian government unveiled their plan to raise USD 36 billion for transportation projects over the next 11 years. This project's main aims include roads, ports, airports, and railroads. This project is funded by the government as well as several private businesses. According to the Ministry of Energy, Saudi Arabia intends to invest USD 425 billion in industrial and infrastructural projects over the next ten years. The Vision 2030 program of Saudi Crown Prince Mohammed bin Salman will gain from this private sector investment. Thus, the expansion of the infrastructure sector in various countries is anticipated to be a significant market driver, which, in turn, accelerates the growth of the Facility Management Market during the estimated period. Moreover, the rising inclination towards outsourcing facility management operations, as well as the increase in focus on integrating BIM with facility management solutions present various lucrative opportunities over the forecast years. However, the integration of facility management with legacy ERP systems and the lack of managerial awareness and standardization are challenging the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Facility Management Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to the presence of numerous organized and unorganized companies in China and India. Additionally, established corporations are focusing on forging alliances with regional companies to expand their geographic reach and offer their services to end users. The market in the nation is also being impacted by the expanding use of innovative technologies such as business strategies and Internet of Things (IoT) evolutions. Whereas, North America is expected to grow at a significant CAGR over the forecast years. The introduction of new technologies such as the Internet of Things, artificial intelligence, robots, and others, as well as rising demand for cloud-based facility management solutions is projected to prompt the regional market to grow across the region.

Major market players included in this report are:
Sodexo (France)
CBRE Group, Inc. (U.S.)
ISS A/S (Denmark)
Compass Group PLC (U.K.)
Tenon Group (India)
Johnson Controls International plc. (Ireland)
Dussmann Group (Germany)
Serco Group PLC (U.K.)
OCS Group International Limited (U.K.)
Dussmann Gulf LLC (U.A.E.)

Recent Developments in the Market:
 In January 2022, Aramark- the global provider of uniforms, food, and facilities management services announced a strategic alliance with Patient Engagement Advisors (PEA), an innovative technological platform that connects patients with transition specialists.
 In July 2021, Farnek introduced the HITEK Solution 4.0, a groundbreaking innovation poised to revolutionize traditional FM operational management. By embracing HITEK's intelligent management system, they aimed to achieve substantial manpower cost savings of up to 17%.
 In June 2020, Sodexo entered a strategic partnership with Bureau Veritas to introduce a hygiene verification label for its services. This label provided consumers with a robust quality assurance framework, encompassing on-site facility management and catering services. Initially launched in the U.K., France, the U.S., and Canada, this initiative was gradually expanded to other countries worldwide.

Global Facility Management Market Report Scope:
 Historical Data – 2020 - 2021
 Base Year for Estimation – 2022
 Forecast period - 2023-2030
 Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
 Segments Covered - Service Type, Industry Vertical, Region
 Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa


The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Service Type:
Hard Services
Soft Services
Other Services

By Industry Vertical:
Healthcare
Government
Education
Military & Defense
Real Estate
Others

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Companies Mentioned
Sodexo (France)
CBRE Group, Inc. (U.S.)
ISS A/S (Denmark)
Compass Group PLC (U.K.)
Tenon Group (India)
Johnson Controls International plc. (Ireland)
Dussmann Group (Germany)
Serco Group PLC (U.K.)
OCS Group International Limited (U.K.)
Dussmann Gulf LLC (U.A.E.)

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