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Report Snapshots
Facilities Management Market- Competitive Analysis, Opportunity & Forecast, 2027

Global Facilities Management Market Size By Type [Outsourced, In-House], By Solution [BIM, Operations & Security, IWMS, Property Management, Environment], By Service [Hard Service (Electrical, Mechanical, Civil, Specialized services), Soft Service (Laundry, Cleaning, Landscaping, Security), Management Service (Maintenance Planning & Control, Contract Management, Energy & Utilities)], By Application[Commercial, Health Care, Industrial, Government, Others], By Region (North America, Europe, Asia Pacific, Middle East & Africa and Latin America), Forecast & Opportunities, 2020-2027

Market Overview

Global Facilities Management market is expected to reach USD 2 trillion by 2027 with over 5% CAGR. It is due to the increasing adoption of IoT and increasing demand for sustainable infrastructure.

Facilities management refers to the professional management of various disciplines in an organization. It ensures the safety, functionality, and comfort of the organization. Services like cleaning, parking, security, electrical services are required for an organization to run properly. The facilities management deploys various skilled persons to manage the organization.

Facilities management is growing rapidly with the advent of the internet of things. Its role in an organization is broadening and becoming more responsible. The development of smart cities has opened a big opportunity for facilities management as every infrastructure needs management services for efficient management and maintenance.

Lack of managerial awareness, lack of skills and expertise are major hindrances to facilities management services globally. Moreover, high dependence on In-house facility management service is restraining the market to grow.

Market Segmentation

Global Facilities Management Market can be segmented into Types, Solutions, Services, Application, and Region. 

By Type, Global Facilities Management Market can be segmented into Outsourced and In-House. Outsource segment is expected to grow significantly during the forecasted period of 2020-27.

By Solution, Global Facilities Management Market can be segmented into BIM, Operations & Security, IWMS, Property Management, Environment. The operations and security segment is expected to grow significantly during the forecasted period of 2020-27. It is due to the increasing demand for various operation services in the business organization.

By Service, Global Facilities Management Market can be categorized into Hard Service, Soft Service, and Management Service. The Hard Service can be further split into Electrical, Mechanical, Civil, Specialized services. The Soft Service can be further split into Laundry, Cleaning, Landscaping, Security. Management Service can be split into Maintenance Planning & Control, Contract Management, Energy& Utilities. The hard service segment holds the largest market share due to the increasing demand for a skilled workforce. More specifically, the demand for electrical service is expected to grow significantly during the forecasted period of 2020-27. Electrical services are critical for organizations to function efficiently. Any failure in electrical service can cause delays and even losses for firms.

By Application, Global Facilities Management Market can be categorized into Commercial, Health Care, Industrial, Government, Others. The healthcare segment is expected to grow significantly over the forecasted period 2020-27. It is due to the increased demand for services in hospitals to operate without any interruptions. The maintenance of mechanical, electrical, medical equipment is important for the efficient functioning of hospitals.

By Region, Global Facilities Management Market can be categorized into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.

Regional Analysis

Regionally, the North American Global Facilities Management Market holds the largest share and it is expected to remain in dominance during the forecasted period of 2020-27. It is due to the increase in tourism in the region that has propelled the growth of facilities management services.

North America and European facilities management market are more mature, companies in this region are focusing more on innovations to withstand the competition.

Asia-Pacific is expected to grow highest during the forecasted period of 2020-27. The growth is attributed due to the large market share of Japan in cleaning services. 

Competitor Analysis

The key market players in Global Facilities Management Market are Aramark, CB Richard Ellis, CA Technologies, Colliers International, EMCOR Group, Inc, Cushman & Wakefield, G4S plc, Interserve, IBM Corporation, ISS Facilities Services Inc., OCS Group, Jones Lang LaSalle Incorporated, Oracle Corporation, Serco Group, Planon Corporation, Sodexo, Veolia, Tenon FM, and Compass Group.

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Facilities Management Market- Competitive Analysis, Opportunity & Forecast, 2027
Report Snapshots

Global Facilities Management Market Size By Type [Outsourced, In-House], By Solution [BIM, Operations & Security, IWMS, Property Management, Environment], By Service [Hard Service (Electrical, Mechanical, Civil, Specialized services), Soft Service (Laundry, Cleaning, Landscaping, Security), Management Service (Maintenance Planning & Control, Contract Management, Energy & Utilities)], By Application[Commercial, Health Care, Industrial, Government, Others], By Region (North America, Europe, Asia Pacific, Middle East & Africa and Latin America), Forecast & Opportunities, 2020-2027

Market Overview

Global Facilities Management market is expected to reach USD 2 trillion by 2027 with over 5% CAGR. It is due to the increasing adoption of IoT and increasing demand for sustainable infrastructure.

Facilities management refers to the professional management of various disciplines in an organization. It ensures the safety, functionality, and comfort of the organization. Services like cleaning, parking, security, electrical services are required for an organization to run properly. The facilities management deploys various skilled persons to manage the organization.

Facilities management is growing rapidly with the advent of the internet of things. Its role in an organization is broadening and becoming more responsible. The development of smart cities has opened a big opportunity for facilities management as every infrastructure needs management services for efficient management and maintenance.

Lack of managerial awareness, lack of skills and expertise are major hindrances to facilities management services globally. Moreover, high dependence on In-house facility management service is restraining the market to grow.

Market Segmentation

Global Facilities Management Market can be segmented into Types, Solutions, Services, Application, and Region. 

By Type, Global Facilities Management Market can be segmented into Outsourced and In-House. Outsource segment is expected to grow significantly during the forecasted period of 2020-27.

By Solution, Global Facilities Management Market can be segmented into BIM, Operations & Security, IWMS, Property Management, Environment. The operations and security segment is expected to grow significantly during the forecasted period of 2020-27. It is due to the increasing demand for various operation services in the business organization.

By Service, Global Facilities Management Market can be categorized into Hard Service, Soft Service, and Management Service. The Hard Service can be further split into Electrical, Mechanical, Civil, Specialized services. The Soft Service can be further split into Laundry, Cleaning, Landscaping, Security. Management Service can be split into Maintenance Planning & Control, Contract Management, Energy& Utilities. The hard service segment holds the largest market share due to the increasing demand for a skilled workforce. More specifically, the demand for electrical service is expected to grow significantly during the forecasted period of 2020-27. Electrical services are critical for organizations to function efficiently. Any failure in electrical service can cause delays and even losses for firms.

By Application, Global Facilities Management Market can be categorized into Commercial, Health Care, Industrial, Government, Others. The healthcare segment is expected to grow significantly over the forecasted period 2020-27. It is due to the increased demand for services in hospitals to operate without any interruptions. The maintenance of mechanical, electrical, medical equipment is important for the efficient functioning of hospitals.

By Region, Global Facilities Management Market can be categorized into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.

Regional Analysis

Regionally, the North American Global Facilities Management Market holds the largest share and it is expected to remain in dominance during the forecasted period of 2020-27. It is due to the increase in tourism in the region that has propelled the growth of facilities management services.

North America and European facilities management market are more mature, companies in this region are focusing more on innovations to withstand the competition.

Asia-Pacific is expected to grow highest during the forecasted period of 2020-27. The growth is attributed due to the large market share of Japan in cleaning services. 

Competitor Analysis

The key market players in Global Facilities Management Market are Aramark, CB Richard Ellis, CA Technologies, Colliers International, EMCOR Group, Inc, Cushman & Wakefield, G4S plc, Interserve, IBM Corporation, ISS Facilities Services Inc., OCS Group, Jones Lang LaSalle Incorporated, Oracle Corporation, Serco Group, Planon Corporation, Sodexo, Veolia, Tenon FM, and Compass Group.

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