Global Integrated Facilities Management Market Report and Forecast 2023-2028

Global Integrated Facility Management Market Report and Forecast 2023-2028

Market Outlook

According to the report by Expert Market Research (EMR), the global integrated facility management market attained a value of USD 1480.01 billion in 2022. With a growing need for efficient building management, the market is projected to grow at a CAGR of 3.7% between 2023 and 2028, reaching a value of USD 1840.48 billion by 2028.

Integrated Facility Management is a process that centralises the management of various services and operations within a facility, including maintenance, cleaning, security, catering, and energy management. This approach aims to improve efficiency, reduce operational costs, and enhance the overall performance of a facility. The integrated facility management market is driven by a growing emphasis on efficient building management, which is essential for ensuring cost savings and optimising resource utilisation. In addition, the demand for sustainable and energy-efficient solutions is increasing, propelling the adoption of integrated facility management services. Furthermore, the rise of smart building technologies and the Internet of Things (IoT) has led to the integration of advanced systems and analytics, further fuelling the growth of the integrated facility management market.

Efficient building management has become a top priority for organisations worldwide, as it helps reduce operational costs, improve resource utilisation, and enhance the overall performance of the facility. As a result, companies are increasingly adopting integrated facility management services to streamline their operations and achieve optimal efficiency. This growing demand for efficient building management is a significant factor driving the integrated facility management market. The growing focus on sustainability and energy efficiency is increasing the adoption of integrated facility management services, as they help organisations minimise their carbon footprint and comply with environmental regulations. By consolidating various facility management services under one umbrella, integrated facility management providers can implement sustainable practices and reduce energy consumption, thereby contributing to the growth of the market.

Technological advancements, such as the rise of smart building technologies and IoT, have led to the integration of advanced systems and analytics in integrated facility management services. These innovations enable facility managers to monitor and control various aspects of a building's operations in real-time, leading to improved efficiency and reduced costs. This in turn is increasing the adoption of advanced technologies, further fuelling the growth of the integrated facility management market.

Market Segmentation

The market can be divided on the basis of sourcing model, services, end use, and region.

Market Breakup by Sourcing Model:

• In house FM
• Single FM
• Bundled FM
• Integrated FM

Market Segregation by Service:

• Soft Service
• Hard Service

Market Division by End Uses:

• Public/Infrastructure
• Commercial
• Industrial
• Institutional
• Others

Market Breakup by Region:

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the integrated facility management companies. Some of the major key players explored in the report by Expert Market Research are as follows:

• Jones Lang LaSalle, IP, Inc.
• Sodexo
• ISS Facility Service
• CBRE
• Compass Group PLC
• Cushman & Wakefield
• Others

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*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.