APAC Facility Management Market - Industry Trends and Forecast to 2032
The Asia-Pacific facility management market is expected to reach USD 331,536.65 million by 2031 from USD 186,529.44 million in 2023, growing at a CAGR of 7.7% during the forecast period of 2024 to 2031.
Market SegmentationAsia-Pacific Facility Management Market, By Offering (Solution and Service), Service Type (Hard Facility Management System and Soft Facility Management System), Model (Outsourcing Facilities Management and In-House Facilities Management), Facility Size (Large Facilities, Medium Facilities, and Small Facilities), Function (Real Estate Management, Maintenance Management, Asset Management, Building Systems, Financial & Performance Management, and Others), End-User (Banking, Financial Services, and Insurance (BFSI), IT and Telecom, Energy and Utilities, Construction and Real Estate, Manufacturing, Government and Public Administration, Media and Entertainment, and Others), Country (China, Japan, South Korea, India, Australia, Malaysia, Singapore, Vietnam, Taiwan, Indonesia, Thailand, New Zealand, Philippines, and Rest of Asia-Pacific) - Industry Trends and Forecast to 2031.
Overview of Asia-Pacific Facility Management Market Dynamics
Driver
• Increasing adoption of virtualization
Restraint
• Complexity in implementation of virtual infrastructure manager
Opportunity
• Evolution of 5G network boosts virtual infrastructure
Market PlayersSome of the major players operating in the Asia-Pacific facility management market are listed below: • CBRE
• Compass Group PLC
• Dussmann Group
• OCS Group International Limited
• EMCOR Group, Inc.
• G4S Limited
• Flexim Group SA
• Jones Lang LaSalle IP, Inc.
• SIS Limited
• BVG
• ISS
• ABM INDUSTRIES INCORPORATED
• Cushman & Wakefield
• Sodexo
• Mace Group
• ARAMARK
• Johnson Controls.
• Mitie Group plc.
• Veolia
• ENGIE
• Colliers
• Serco Group plc
• Eptura
• Oracle
• Fortive
• SAP SE
• IBM
• Rentokil Initial plc
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