Malaysia Facility Management Market Research Report Forecast to 2030
Malaysia Facility Management Market Research Report Forecast to 2030
As per MRFR, the Malaysia facility management Market has been growing significantly over the past few years. It is expected to reach USD 972.8 Million by 2030, at a CAGR of 13.9% during the forecast period, 2022–2030. The facility management market in Malaysia has been growing steadily over the past few years, driven by factors such as rapid urbanization, increased demand for energy-efficient buildings, and the adoption of smart building technologies. The market is also driven by the growing focus on sustainability and the need for efficient facility management practices to reduce costs and improve operational efficiency. Facility management services in Malaysia have gained significant recognition for their development and sophistication in the outsourced market.
The facility management market in Malaysia is also experiencing growth due to the increasing adoption and integration of digital technologies. These technologies are revolutionizing the industry by providing advanced tools and platforms for managing facilities, assets, and resources more efficiently and effectively. As a result, companies are investing in digital solutions such as computer-aided facility management (CAFM) systems, smart building technology, and IoT-enabled devices to streamline their operations, reduce costs, and enhance the overall customer experience. This shift towards digitalization is expected to continue driving the growth of the facility management market in Malaysia. With its central location and well-established infrastructure and connectivity, Malaysia enjoys a strategic advantage in accessing other emerging markets in the region. Moreover, the Malaysian economy remains stable, providing a conducive environment for businesses to thrive. The information and communications technology (ICT) sector is a rapidly expanding industry in Malaysia, with projections indicating that it will contribute approximately 22.6 percent to the country's GDP by 2025, as reported by the Malaysian government.
Market SegmentationThe Malaysia Facility Management Market has been segmented based on Offering, Organization Size, Industry Vertical, and Region. The Malaysia Facility management market, in this report, has been segmented based on Offering Solutions and Services.
The market, in this report, is segmented based on Organization Size into Large Enterprises and Small and Medium Enterprises (SMEs).
The Facility management market in this report has been segmented based on Industry Vertical into BFSI, IT & Telecom, Government and Public Administration, Healthcare, Education, Energy & Utilities, Retail, Manufacturing, Construction & Real Estate, and Others.
Major PlayersThe Major companies Malaysia facility management market include AWC Berhad, Harta Maintenance Sdn Bhd, GFM Services Berhad, MST Facilities Sdn Bhd., Sepadu Facilities Management Sdn Bhd and Others.