Worldwide Facility Management Applications Forecast, 2022–2026: Facilities Are Poised to Be More Intelligent and Bring More to the Employee Experience

Worldwide Facility Management Applications Forecast, 2022–2026: Facilities Are Poised to Be More Intelligent and Bring More to the Employee Experience

This IDC study examines the market for facility management applications. Sustainability initiatives, reduced occupancy rates, increasing workplace experience requirements, and changing portfolio management strategies are all driving market growth. "We believe this is a crucial time for owners/operators to work down maintenance backlogs and advance renovation projects, including asset upgrades & replacements, to not only gain energy efficiency but empower those assets with the latest in onboard sensor technology. That will foster active monitoring of asset conditions and delivery of maintenance at the correct time. Equipping all major assets this way fits into IDC's vision of the autonomous facility where assets indicate when maintenance is needed and predict their future failures, well in advance, so that corrective measures can be planned and executed efficiently, at a lower cost, with minimal disruptions in facility operations," says Bob Stallard, research manager, Enterprise Asset Management and Smart Facilities at IDC. "FM software vendors should exploit the opportunity to connect more intelligent assets to their solutions and provide the critical insights owners/operators need to keep their facilities in a high availability state."

Please Note: Extended description available upon request.