Global Facilities Management Market 2024-2028

Global Facilities Management Market 2024-2028

The facilities management market is forecasted to grow by USD 826.91 bn during 2023-2028, accelerating at a CAGR of 9.61% during the forecast period. The report on the facilities management market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for cloud-based facilities management solutions, increasing demand for smart facilities, and increase in sustainable cleaning products in facility management.

Technavio's facilities management market is segmented as below:

By Service

• Soft services
• Hard services

By End-user

• Commercial
• Government
• Residential

By Geographical Landscape

• North America
• APAC
• Europe
• South America
• Middle East and Africa

This study identifies the advent of IoT in facilities management as one of the prime reasons driving the facilities management market growth during the next few years. Also, use of drones for asset management in facilities and rising focus on big data and CAFM will lead to sizable demand in the market.

The report on the facilities management market covers the following areas:

• Facilities management market sizing
• Facilities management market forecast
• Facilities management market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading facilities management market vendors that include ABM Industries Inc., Atlas Facilities Management Ltd., CBRE Group Inc., Coor Service Management Holding AB, Cushman and Wakefield Plc, International Business Machines Corp., ISS AS, Johnson Controls International Plc, Jones Lang LaSalle Inc., Mitie Group Plc, OCS Group International Ltd., Quess Corp. Ltd., Securitas AG, Serco Group Plc, ServiceMax Facility Management Pvt. Ltd., SIS Ltd., SMS Integrated Facility Services Pvt. Ltd., The Brinks Co., Aramark, and Sodexo SA. Also, the facilities management market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.