Facility Management Services Market Forecast to 2030

Facility Management Services Market Forecast to 2030

Market Overview

The worldwide Facility Management Services market is assessed to enlist a CAGR of more than 7.73% during the review period.

Facility management services are an assortment of upkeep services embraced by associations as well as private edifices for comparative purposes.

The facility management services market is driven by the quickly developing travel industry and cordiality areas, the need to agree with ecological and administrative standards, and rising interest in esteem-added services. The market development, nonetheless, is hampered by the sluggish reception of rethought office management services and coordination of facility management with heritage ERP frameworks. Notwithstanding, the developing interests in the development area, steady government drives for the advancement of savvy urban communities and business centers, and tendency towards virtual working environments and interest for customized services are probably going to lean toward the market extension during the estimated time frame.

Be that as it may, the developing interest in the development area is expected to help the facility management services market.

The facility management services center around consistency through the central business information and target robotizing the uncertain and troublesome manual systems. These services comprehend the idea of the organization and the guidelines represented by the organization. For example, Worldwide Traffic in Arms Guidelines (ITAR) denies non-US residents from entering offices that require public safety interests. The facility management services support consistency by guaranteeing appropriate control and strategies to safeguard protection. Consequently, the need to follow ecological and administrative standards is supposed to drive the facility management services market at a high rate during the gauge time frame.

Market Segmentation

The global Facility Management Services market has been segmented based on type, Services, application, and region.

The global Facility Management Services market, based on type, has been segmented into Hard Service and Soft Service. The Hard Service Segment has been further bifurcated into Smart Facility, Management Solutions, and Non-Smart Facility Management Solutions.

The market has been segmented by Service Type into Hard Services and Soft Services. The Hard Service Segment has been further divided into Electrical, Civil, Mechanical, HVAC, and Others. Furthermore, the Soft Service segment has been divided into Cleaning, laundry, Landscaping, Catering, Security, and Others.

On the basis of Application, the market has been bifurcated into Education Institutes, Commercial, Residential, Industrial, Government and Public, Healthcare, and Others.

Regional Analysis

Asia-Pacific accounted for the largest market share of 37.92% in 2021. The region is a major hub for industrial manufacturing and, in recent years, has become a global focal point for significant investments and business expansions. The rapidly growing construction spending, infrastructure development, increasing emphasis on the safety and security of the facility, and stringent government regulations regarding facility management are a few of the factors that are expected to drive the market growth.

South America is the fastest-growing regional market globally as the region witnesses the presence of countries such as Brazil, Peru, Chile, and Argentina, which are witnessing growth in the industrial, commercial, and residential real estate sectors resulting in the rising adoption of facility management services. Moreover, the prominent facility management service providers in the US are expanding their presence in the South American region to capture the untapped market.

Major Players

Aramark Corporation (US), Sodexo (France), ASMACS Group (India), CBRE (US), SIS Group Limited (India), Knight Frank (UK), Compass Group PLC (UK), Cushman & Wakefield (US), EMCOR group. Inc (US), GDI integrated facility service (Canada), ISS Facility Service Inc. (Denmark), Jones Lang LaSalle IP, Inc. (US), OCS Group Limited (UK), Quess Corp Ltd. (India), and Apollo Facility Management Service (India).

COVID 19 Impacts

We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.

Companies Mentioned

Aramark Corporation (US)
Sodexo (France)
ASMACS Group (India)
CBRE (US)
SIS Group Limited (India)
Knight Frank (UK)
Compass Group PLC (UK)
Cushman & Wakefield (US)
EMCOR group. Inc (US)
GDI integrated facility service (Canada)
ISS Facility Service Inc. (Denmark)
Jones Lang LaSalle IP
Inc. (US)
OCS Group Limited (UK)
Quess Corp Ltd. (India)
and Apollo Facility Management Service (India)

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