Press release
Global Facilities Management Market Predicted to Grow at an Impressive CAGR of 13.6% during Forecast Period 2016 to 2024
MRRSE
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It also highlights various drivers, restraints, and opportunities expected to influence the market’s growth during this period. The study provides a holistic perspective of the growth of the facilities management market throughout the forecast period in terms of revenue estimates (in US$ Bn), across Asia Pacific (APAC), Latin America (LATAM), North America, Europe, and Middle East & Africa (MEA). The report provides a cross-sectional analysis of the global facilities management market in terms of market estimates and forecasts for all the segments across different geographic regions.
Facilities management involves the management and maintenance of support services across multiple industries. Facilities management services are used to enhance the quality of core business processes and increase the efficiency of service throughout entire service application. The demand for reduced operational cost of business processes is expected to drive the facilities management market around the globe. Similarly, important government regulations and standards impended on various industries and rising adoption of outsourced services for the maintenance and support of business processes are expected to drive the market for facilities management. In addition, with the increasing adoption of facilities management market many of the service providers are focusing on delivering customized facility services according to demand. Similarly, companies prefer total facilities management services and bundled facilities management services delivery systems to enhance the overall performance of services.
On the basis of service type, the facilities management market is segmented into hard services and soft services. On the basis of industry, the facilities management market is segmented into the corporate, government and public sector, health care, manufacturing, residential and education institutions, retail and commercial, and others (food, sport, etc.) segments. The report also includes competitive profiling of the major players associated with the facilities management market. The important business strategies adopted by them, their market positioning, and recent developments have also been identified in the research report. The increasing demand for efficiency and quality of services have led to the increased presence of facilities management service providers in the market. The major players in facilities management market include Arthur McKay & Co Ltd., Bellrock Property & Facilities Management Ltd., Bilfinger HSG Facility Management GmbH, Broadspectrum (Australia) Pty Ltd., ISS World Services A/S, Knight Facilities Management, Quess Corp Ltd., Sodexo, Inc., and Spotless Group Ltd.
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Market Segmentation
Facilities Management Market, By Service Type
Hard Services
Soft Services
Facilities Management Market, By Industry
Corporate
Government and Public Sector
Healthcare
Manufacturing
Residential and Education Institutions
Retail and Commercial
Others (Food, Sport, etc.)
In addition, the report provides market analysis of the facilities management market with respect to the following geographical segments:
North America
The U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia Pacific (APAC)
China
Japan
India
Indonesia
Rest of APAC
Middle East and Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
Latin America
Brazil
Rest of Latin America
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