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2023 Facility Management Services Global Market | Insights, Industry Outlook, Growing Trends And Top Key Players Include Atalian Servest AMK Limited, BVG India Limited, CBRE Group Inc., EMCOR Group Inc., ISS A/S World
Facility Management Services Market
Facility Management Services Market Size, Growth Rate, And Forecast
The global facility management services market is expected to grow from $1,361.71 billion in 2022 to $1,562.42 billion in 2023 at a compound annual growth rate (CAGR) of 14.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The facility management services market is expected to reach $2,557.57 billion in 2027 at a CAGR of 13.1%.
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Facility Management Services Market Drivers
Increasing smart city initiatives is expected to propel the growth of the facility management services market going forward. Several government initiatives are being introduced by various countries for the development of smart cities. Facility management services support smart cities by providing innovative information and communication technologies (ICTs) to the field of Urban Facility Management (UFM) and new possibilities for optimizing existing services and for developing new services based on the Internet of Things (IoT), Big Data, information sharing, and smart applications
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Facility Management Services Market Segments
• By Service Type: Hard Services, Soft Services, Other Services
• By Component: Solutions, Services
• By Deployment Mode: Cloud, On-premises
• By Organization Size: Small and Medium Enterprises (SMEs), Large Enterprise
• By Industry Vertical: Healthcare, Government, Education, Military And Defense, Real Estate, Other Industry Verticals
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Facility Management Services market.
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Facility Management Services Market Key Players
Major competitors in the Facility Management Services market include Atalian Servest AMK Limited, BVG India Limited, CBRE Group Inc., EMCOR Group Inc., ISS A/S World, Knight FM, Quess Corporation Ltd., Sodexo Inc., Spotless Group Holdings Limited, Tenon Group
The Business Research Company's "Global Facility Management Services Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Facility Management Services Market Include:
1. Executive Summary
2. Facility Management Services Market Characteristics
3. Facility Management Services Market Trends And Strategies
4. Facility Management Services Market - Macro Economic Scenario
5. Facility Management Services Market Size And Growth
……..
28. Key Mergers And Acquisitions In The Facility Management Services Market
29. Facility Management Services Market Future Outlook and Potential Analysis
30. Appendix
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