Breaking News

Facilities Management Market Size to Grow by USD 660.29 billion | Increasing Demand for Cloud-based Facility Management Solutions to Drive Growth

The report analyzes the facilities management market by the end-user (commercial, government, and residential) and geography (Europe, North America, APAC, South America, and MEA)

NEW YORK, May 30, 2022 /PRNewswire/ — The facilities management market will be driven by factors such as the increasing demand for cloud-based facility management solutions. These solutions enable secure hosting of critical data along. It also offers other advantages such as improved security and scalability and quicker disaster recovery. Companies can recover critical server data from backups stored on a shared or private cloud host platform. They can also increase security and collaboration among their teams and subsidiaries present in multiple locations, thereby reducing the operating costs.

Technavio has announced its latest market research report titled Facilities Management Market by End-user and Geography – Forecast and Analysis 2021-2025

The facilities management market is expected to grow by USD 660.29 bn from 2020 to 2025. Moreover, the growth momentum of the market will accelerate at a CAGR of 8.3% during the forecast period.

Request a Sample Report to learn about additional factors impacting the growth of the market

Facilities Management Market: Major Segmentation

By end-user, the commercial segment will have significant market share growth during the forecast period. The growth in the number of multinational conglomerates (MNCs) and small and medium businesses (SMBs) has increased the demand for commercial office spaces across the world, which is expected to drive the demand for facility management. The commercial segment is one of the major contributors to the global facilities management market. A major part of the demand arises from the business services, information technology (IT), industrial and manufacturing, real estate, and healthcare sectors.

Facilities Management Market: Major Trend

The adoption of green cleaning products is a trend in the facilities management market. Many vendors are offering green and sustainable cleaning agents owing to the increasing awareness about the benefits of green and eco-friendly products among commercial and industrial users. Green cleaning products are also safe to use, as they do not involve toxic chemicals or corrosive materials. They are derived from natural essential oils, such as basil, lavender, lemon, and other plant sources.

Gain more insights into the global trends impacting the future of the facilities management market. Request a Sample Report Now!

Facilities Management Market: Vendor Analysis

The facilities management market is fragmented, and the vendors are deploying growth strategies such as price, service, and brand name recognition to compete in the market. Some of the key vendors operating in the market include Aramark Corp., International Business Machines Corp., Interserve Group Ltd., ISS AS, Johnson Controls International Plc, OCS Group Ltd., SAP SE, SIS Ltd., Serco Group Plc, and Sodexo Group, among others.

Reasons to Buy Facilities Management Market Report:

  • CAGR of the market during the forecast period 2021-2025

  • Detailed information on factors that will assist facilities management market growth during the next five years

  • Estimation of the facilities management market size and its contribution to the parent market

  • Predictions on upcoming trends and changes in consumer behavior

  • The growth of the facilities management market across Europe, North America, APAC, South America, and MEA

  • Analysis of the market’s competitive landscape and detailed information on vendors

  • Comprehensive details of factors that will challenge the growth of facilities management market vendors

This report can be personalized according to your business needs. Speak to our Analyst

Related Reports

Food Waste Management Market by Method and Geography – Forecast and Analysis 2022-2026

Smart Waste Management Market by Application and Geography – Global Forecast and Analysis 2022-2026

Facilities Management Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 8.3%

Market growth 2021-2025

USD 660.29 billion

Market structure

Fragmented

YoY growth (%)

4.07

Regional analysis

Europe, North America, APAC, South America, and MEA

Performing market contribution

APAC at 43%

Key consumer countries

US, China, India, Germany, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Aramark Corp., International Business Machines Corp., Interserve Group Ltd., ISS AS, Johnson Controls International Plc, OCS Group Ltd., SAP SE, SIS Ltd., Serco Group Plc, and Sodexo Group

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Five Forces Analysis

5 Market Segmentation by End-user

6 Customer landscape

7 Geographic Landscape

8 Drivers, Challenges, and Trends

9 Vendor Landscape

10 Vendor Analysis

11 Appendix

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Technavio (PRNewsfoto/Technavio)

Technavio (PRNewsfoto/Technavio)

Cision

Cision

View original content to download multimedia:https://www.prnewswire.com/news-releases/facilities-management-market-size-to-grow-by-usd-660-29-billion–increasing-demand-for-cloud-based-facility-management-solutions-to-drive-growth–technavio-301556653.html

SOURCE Technavio