USD 54.05 Billion
Facility Management Market Size, Share, and Growth Analysis
Facility Management Market By Offering (Solutions, Services), By Vertical (Education, Retail), By Deployment, By Enterprise Size, By Region - Industry Forecast 2025-2032
Report ID:
SQMIG20L2037 |
Region:
Global |
Published Date: December, 2024
Pages:
157
|Tables:
151
|Figures:
78
Format -
Facility Management Market Insights
Facility Management Market size was valued at USD 54.05 Billion in 2023 and is poised to grow from USD 60.43 Billion in 2024 to USD 133.49 Billion by 2032, growing at a CAGR of 11.8% during the forecast period (2025-2032).
Growing adoption of smart and connected technologies around the world is projected to primarily bolster the demand for facility management over the coming years. Rapid industrialization and urbanization are promoting infrastructure development and thereby favoring global facility management market growth as well. Increasing emphasis on outsourcing facility management is also estimated to offer new opportunities for facility management companies in the long run. High emphasis on improving workplaces to promote productivity and employee well-being are also estimated to bolster the demand for facility management solutions and services going forward. Rising number of start-ups and small and medium enterprises around the world are also expected to influentially drive up the demand for outsourced facility management solutions and services through 2032. On the contrary, data privacy concerns, high initial investments, dearth of skilled workforce, and economic uncertainty are estimated to slow down facility management adoption across the forecast period and beyond.
US Facility Management Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Hard Services
Fastest Growth
Soft Services
Growth Rate
11.8% CAGR
Global Facility Management Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Facility Management Market Segments Analysis
Global Facility Management Market is segmented by Offering, Vertical, Deployment, Enterprise Size and Region. Based on Offering, the market is segmented into Solutions, Services. 3. Based on Vertical, the market is segmented into Banking, Financial Services and Insurance (BFSI), IT & ITES, Government and Public Sector, Healthcare and Life Sciences, Education, Retail, Manufacturing, Construction and Real Estate, Telecom, Travel and Hospitality, Others. Based on Deployment, the market is segmented into Cloud, On-premises. Based on Enterprise Size, the market is segmented into Large Enterprises, Medium Enterprises, Small Enterprises. Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa
Analysis by Offering
In-house segment is projected to account for a dominant global facility management market share over the coming years. Higher flexibility and control offered in-house facility management solutions is projected to bolster their adoption across multiple organizations. Large enterprises with high spending potential and abundant resources are expected to opt for in-house facility management solutions in the long run. Companies in the government, military & defense, BFSI, and healthcare industry verticals are more likely to opt for in-house facility management solutions going forward owing to use of sensitive data in these industries.
On the other hand, the demand for outsourced facility management solutions is slated to rise at a notable pace over the coming years. Increasing emphasis on outsourcing business operations in organizations to eliminate the need for additional employee management and optimize businesses is helping this segment generate new business scope going forward. Maintenance, security, and cleaning are some of the key applications for which the demand for outsourced facility management is slated to rise in the long run. Facility management service providers are projected to focus on small and medium enterprises to help make the most from this segment in the future.
Analysis by Service
Hard services segment is projected to account for a prominent chunk of the global facility management market share going forward. Rapidly increasing urbanization and industrialization have led to increased infrastructure development activity, which in turn is expected to bolster the dominance of this segment in the future. Mechanical electrical plumbing and HVAC maintenance, energy management, asset management, and offshore facility management are some key applications of hard services helping this segment bring in the most revenue for facility management companies. Developing countries with rising construction activities are slated to emerge as highly opportune markets for facility management companies focusing on providing hard services in the long run.
Meanwhile, the demand for soft services is slated to rise at a robust CAGR across the study period and beyond. Soft services play a vital role in improving the working environment, employee well-being, and productivity in organizations. Growing emphasis on sustainability and other business factors that contribute to the social aspect of society are expected to bolster the demand for soft services over the coming years. Cleaning, maintenance, security, landscaping, pest control, and interior designing are some key soft services that are slated to help this segment remain opportune in the future.
Global Facility Management Market By Service
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Facility Management Market Regional Insights
The Asia Pacific region is slated to emerge as the dominant region in the global facility management industry. Rapid urbanization, growing industrialization, increased infrastructure development activity, and rising number of small and medium enterprises are expected to help this region bring in the most revenue going forward. China, India, and Japan are all countries focusing on boosting their economic growth thereby making them highly important markets for facility management providers looking to make a mark in this region. Growing digital transformation and rising awareness regarding the importance of facility management are estimated to offer new business scope in the future.
Meanwhile, North America is forecasted to emerge as the second largest facility management market in the world. Presence of multiple facility management service providers, need for stringent facility management regulation compliance, and rising emphasis on improving work environment in organizations are key factors creating new opportunities for facility management companies operating in this region. The United States is estimated to spearhead the adoption of facility management in the North American region going forward followed by Canada. Rapid adoption of advanced technologies such as connected devices, artificial intelligence, and machine learning are also estimated to create new opportunities for facility management companies in the long run.
Global Facility Management Market By Geography
- Largest
- Fastest
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Facility Management Market Dynamics
Facility Management Market Drivers
High Popularity of Outsourcing
- An increasing number of organizations are focusing on outsourcing their facility management needs to focus on their core expertise and expand business. This is why the demand for outsourced facility management solutions and services from all types of organizations is slated to rise rapidly across the study period and beyond.
Adoption of IoT and Smart Technologies
- Use of Internet of Things (IoT) and other smart technologies in facilities is expected to increase at a rapid pace owing to the emphasis on improving real-time monitoring, energy efficiency, and automation. Hence, the use of advanced facility management solutions capable of offering predictive maintenance and asset tracking along with other features is estimated to rise in the long run.
Facility Management Market Restraints
Data Security and Privacy Issues
- Facility management solutions utilize cloud and IoT technologies, which make them vulnerable to data breaches and cyberattacks. This risk of data breaches can compromise the security of data and even breach consumer privacy and trust in some cases, which is expected to hurt the global facility management market outlook going forward.
Dearth of Skilled Workforce
- The world is faced with a shortage of skilled workforce in almost all industry verticals and this issue is also true for the global facility management industry as well. Absence of skilled professionals and skill gaps in the available workforce are estimated to slow down the adoption of facility management solutions in the long run.
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Facility Management Market Competitive Landscape
Facility management companies can utilize strategies such as acquisitions, mergers, and collaborations to expand their business scope and boost revenue generation in the future. Facility management providers should also focus on improving the security of their offerings to combat the rising risk of cyberattacks and data breaches. Developing integrated facility management solutions is also expected to offer new opportunities for market players.
Top Players in Facility Management Market
- IBM Corporation
- Oracle Corporation
- SAP SE
- Trimble, Inc.
- Space IQ (Archibus, Inc.)
- Fortive Corporation (Accruent LLC)
- Broadcom Inc. (CA Technologies)
- Planon Corporation
- CBRE Group
- Jones Lang Lasalle
- Autodesk, Inc.
- Johnson Controls International PLC
- JLL
- CBRE Group, Inc.
- ISS World Services A/S
- Sodexo
- Compass Group PLC
- Aramark Corporation
- MRI Software
- Mitie Group plc
Facility Management Market Recent Developments
- In December 2024, Lessen, a leading end-to-end tech solution provider for real estate industry announced the launch of a new technology solution for facility management. Digital FM+℠ is aimed at reducing risks for end users and provide better control of their assets through centralized facility management.
- In October 2024, to meet the surging demand for facility management in the Arabian region Gulaid Holding and Trascent joined hands to announce the launch of Trascent Arabia. The new joint venture is aimed at capitalizing on the surging demand for facility management in Saudi Arabia.
- In June 2022, Imdaad, a leading facility management company based in Dubai announced the establishment a new joint venture with LMD, a well-known Egyptian real estate company, to offer a expand its high-quality facility management solutions scope in Egypt going forward.
Facility Management Key Market Trends
- Emphasis on Workplace Experience: Facility management providers should focus on improving workplace experience to facilitate employee well-being as it becomes a priority for employers. Creating comfortable, safe, and collaborative work environments using facility management solutions is also emerging as a key opportunity as per this global facility management market analysis.
- Integrated Facility management Solutions: Facility management companies should invest in the development of integrated solutions to stand out from the competition and offer users multiple services via a single provider. Focusing on this facility management market trend can help companies simplify facility management operations, improve service coordination capabilities, and also reduce costs as well.
Facility Management Market SkyQuest Analysis
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per Skyquest analysis, rising adoption of smart and connected technologies and increasing preference for outsourcing in businesses are key factors driving the demand for facility management going forward. On the contrary, data privacy issues and absence of skilled workforce are estimated to slow down facility management adoption in the future. Booming infrastructure development activity supported by rising industrialization and urbanization allows Asia Pacific to emerge as the dominant regional market for facility management companies through 2032. Facility management market players should focus on the development of integrated facility management solutions for all end users to maximize their business scope in the long run.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 54.05 Billion |
| Market size value in 2032 | USD 133.49 Billion |
| Growth Rate | 11.8% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Facility Management Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Facility Management Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Facility Management Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Facility Management Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Facility Management Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Facility Management Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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