NA Facility Management Market - Industry Trends and Forecast to 2035
The North America facility management market is expected to reach USD 564,142.86 million by 2031 from USD 300,910.71 million in 2023, growing at a CAGR of 8.4% during the forecast period of 2024 to 2031. Market Segmentation North America 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 (U.S., Canada, and Mexico) - Industry Trends and Forecast to 2031
Overview of North America 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 Players
Some of the major players operating in the North America 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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1 Introduction
1.1 Objectives Of The Study
1.2 Market Definition
1.3 Overview Of The North America Facility Management Market
1.4 Limitations
1.5 Markets Covered
2 Market Segmentation
2.1 Markets Covered
2.2 Geographic Scope
2.3 Years Considered For The Study
2.4 Currency And Pricing
2.5 Research Methodology
2.6 Multivariate Modelling
2.7 Primary Interviews With Key Opinion Leaders
2.8 Dbmr Market Position Grid
2.9 Market Application Coverage Grid
2.10 Secondary Sources
2.11 Assumptions
3 Executive Summary
4 Premium Insights
4.1 Porter’s Five Forces Analysis
4.2 Technology Analysis
4.3 Regulatory Standard
5 Market Overview
5.1 Drivers
5.1.1 Growing Industrialization And Urbanization
5.1.2 Rising Adoption Of Security Systems In Facility Management
5.1.3 Increasing Strategic Partnerships And Outsourcing Trend For Cost-effective Facility Management Services
5.1.4 Government Initiatives And Incentives For Emerging Smart Cities
5.1.5 Expansion Of Hospitality And Tourism Industries
5.2 Restraint
5.2.1 Lack Of Awareness And Complexity In Facility Management Systems
5.2.2 Cyber Security Concerns And Strict Regulations Regarding Data Privacy
5.3 Opportunities
5.3.1 Emerging Smart Technology Integration In Facility Management Services
5.3.2 Rising North America Demand For Sustainable And Eco-friendly Facility Solutions
5.3.3 Growing Demand For User-centric Facility Designs Enhancing Overall Experiences
5.4 Challenges
5.4.1 Integration Of Facility Management With Legacy Erp Systems
5.4.2 Shortage Of Skilled And Expert Work Force
6 North America Facility Management Market, By Offering