USD 43.5 billion
Global Facility Management Market Size, Share, Growth Analysis, By Service Type(Hard Services, Soft Services), By End-User(Public Sector, BFSI), By Component(Solutions (IWMS, BIM), By Deployment(Cloud, On-premises), By Enterprise Size(Large Enterprises, Medium Enterprises) - Industry Forecast 2023-2030
Report ID: SQMIG20L2017 | Region: Global | Published Date: September, 2022 | Pages: 157 | Tables: 151 | Figures: 78
Global Facility Management Market Insights
Facility Management Market size was valued at USD 43.5 billion in 2021 and is poised to grow from USD 54.05 billion in 2022 to USD 119.4 billion by 2030, growing at a CAGR of 11.8% in the forecast period (2023-2030).
According to the International Facility Management Association (IFMA), facility management is the integration of a physical workplace with a company's workforce and involves activities like equipment upkeep, space planning, and portfolio forecasting. These services include leadership & strategy, real estate & property management, project management, quality, human factors, environmental sustainability, emergency planning & business continuity, and others. On the other hand, the study mainly focuses on the technological side of management services, including software and services that aid in enhancing the efficacy and efficiency of facility management. This industry, which is described as offering maintenance help, user management, and project management, has grown significantly over the past 20 years as a result of the first development in urbanisation and industrialization.
The productivity and efficiency of organisations are influenced by a variety of elements that are included in facility management. A benchmark for creating and advancing efficient strategic, tactical, and operational FM principles around the world is the new management system standard, which complies with industry best practises. The FM sector's services have become incredibly commoditized. Additionally, because end-user sectors are highly price-sensitive, contracts are designed to be shorter in duration. The oversupply of commercial real estate has put pressure on rent yields, which has caused clients to reduce their spending on FM services.
US Facility Management Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot
Global Market Size
Largest Segment
Hard Services
Fastest Growth
Hard Services
Growth Rate
11.8% CAGR
Global Facility Management Market 2021-2028 ($ Bn)
Country Share for Asia-Pacific Region- 2021 (%)
Global Facility Management Market Size by Service Type 2021-2028 ($ Bn)
Global Facility Management Market by Service Type 2021-2028 (%)
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Global Facility Management Market Segmental Analysis
The Global Facility Management Market is segmented based on the Service type, Component, Enterprises Size, Deployment, End-User and region. Based on service type the Facility Management Market is segmented into hard services, soft services, other services Based on Component the Facility Management Market is segmented into Solutions (IWMS, BIM, Facility Operations and Security Management) and Services. Based on Deployment the Facility Management Market is segmented into Cloud, On-premises. Based on End-User the Facility Management Market is segmented into Public Sector, BFSI, Manufacturing, IT, Telecom, Healthcare, Retail, Education, Others. Based on Enterprise Size the Facility Management Market is segmented into Large Enterprises, Medium Enterprises, Small Enterprises. Based on Region the Facility Management Market is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Facility Management Market Analysis by Service Type
The market is divided into hard services, soft services, and other services based on the type of service provided. A significant portion of the market share will likely belong to the hard services category as a result of the global infrastructure market's continued expansion. This industry also includes cleaning, plumbing and drainage, building fabric maintenance, and other hard services. The physical framework of the building is linked to these services. The rapidly expanding building and construction industry as a result of global urbanisation is also a major driver of the hard services market. Additionally, the fastest-growing sub-segment within the service type category, soft services, is anticipated to experience significant growth during the projected period. Additionally, this rise has been attributed to increased investments in the waste management, energy management, wastewater management, and other green energy management businesses.
Facility Management Market Analysis by End-Users
The market is divided into the healthcare, government, education, military & defence, real estate, and other vertical industries. Over the foreseeable period, it is anticipated that the real estate sector would be driven globally. It is attributable to the building and development industry's ongoing global expansion. In terms of market share, the real estate sector is anticipated to grow significantly, followed by the rest, which primarily consists of companies in the IT, telecoms, and BFSI sectors. Due to the rising adoption of healthcare facilities management services as preventative measures in various nations, it is also projected that the healthcare segment will expand significantly over the projection period. This is due to the government's emphasis on making investments in the domain of infrastructure. There are many different services offered in the educational sector, including management of integrated services, space management, and technological upkeep. The demand for these services that can efficiently provide such services and allow end-users to enhance and focus on their principal operations is strongest in the healthcare and educational sectors.
Global Facility Management Market by Service Type, 2021 (%)
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Global Facility Management Market Regional Insights
Owing to the inclusion of several organised and unorganised businesses in China and India, Asia Pacific is predicted to have the largest market presence. Additionally, established businesses are focusing on forging alliances with regional companies to expand their geographic reach and offer their services to end users. Additionally, the market in the nation is being impacted by the expanding use of novel technologies including business strategies and Internet of Things (IoT) evolutions. The facilities management industries in Qatar and Saudi Arabia are expanding significantly, and businesses must reinvent their products to maintain growth and profitability. However, the major sectors most likely to propel the market under study are the residential, commercial, industrial, and public infrastructure sectors.
Healthcare facilities have multiplied across the nation in recent years at a rapid rate, generating considerable business potential for facility management firms. Additionally, a number of government-led efforts are altering the FM market's dynamics, redefining Saudi Arabia's healthcare system, and building stronger institutional structures and regulatory frameworks to encourage private sector investment in healthcare. Furthermore, with to its more favourable market environment and the existence of big Facility Management service providers, South Africa is also one of the most developed marketplaces in Africa. Industry participants are supporting formal training and skill development, enhancing the calibre of service delivery, and promoting FM outsourcing among regional end users by actively engaging in the neighbourhood South African Facilities Management Association (SAFMA).
Furthermore, governments in the Middle East and Africa are expanding their investments in the tourism sector, which is the main driver of the region's market growth, thus both the Middle East and Africa and South America are projected to experience significant growth. Additionally, the South American market is being driven by the region's developing residential, commercial, and economic sectors.
Global Facility Management Market By Geography, 2021 - 2028
- Largest
- Fastest
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Global Facility Management Market Dynamics
Facility Management Market Driver
- Solutions that use the cloud provide a dependable way to host facilities management software. They improve security and collaboration across teams and subsidiaries present in various places, which helps firms lower operating costs. Secure hosting of sensitive data, enhanced security and scalability, and quick disaster recovery are some other benefits of cloud-based facilities management solutions. Because the backups are kept on a private cloud host platform, businesses may quickly retrieve important server data from them. Through secure logins, the data is readily accessible from any location with a reliable internet connection. Additionally improving customer satisfaction and lowering repair and maintenance costs are cloud-based facilities management solutions. As a result, more cloud-based solutions are being used to integrate facility management services, which is expected to drive the growth market expansion.
Facility Management Market Restraint
- The advantages of facilities management are not fully appreciated by businesses. The issue is brought on by a failure to comprehend and implement necessary technologies. Many firms have not yet adopted an IoT ecosystem and are still implementing cloud computing technologies. Additionally, they are still in the early stages of switching from traditional workplace layouts to a contemporary one. Despite the fact that facility management is a crucial component of operations, businesses are ignorant of the developing solutions. Due to this, it has become challenging for businesses to give their facilities management department the same priority as their main business processes.
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Global Facility Management Market Competitive Landscape
The Facility Management Market is extremely fragmented, and both domestic and foreign competitors have extensive industry knowledge. By utilising their experience, FM vendors are implementing a potent competitive strategy. Additionally, a sizable portion of the money is going toward advertising. The technology that the FM firms are adopting into their offerings are strengthening their service offering.
Facility Management Market Top Player's Company Profiles
- IBM Corporation
- Oracle Corporation
- SAP SE
- Trimble, Inc.
- Archibus, Inc.
- Accruent LLC
- CA Technologies
- Planon Corporation
- FM:Systems Group LLC
- iOFFICE, Inc.
- Autodesk, Inc.
- Johnson Controls International PLC
- JLL
- CBRE Group, Inc.
- ISS World Services A/S
- Sodexo
- Compass Group PLC
- Aramark Corporation
- G4S plc
- Mitie Group plc
Facility Management Market Recent Developments
- In June 2022, Imdaad, a group of businesses with headquarters in Dubai that provides integrated, sustainable facilities management services that increase the operational effectiveness of physical assets, has formally established a new joint venture with LMD, a well-known Egyptian real estate company, to offer a full selection of high-quality facility management solutions throughout all of Egypt.
- In February 2022, The facilities management (FM) company Farnek, based in the United Arab Emirates, has developed a new business that offers smart technology solutions for FM. The internally developed HITEK solution 4.0 was first introduced in Q3 of last year. It connects people, assets, and spaces from various remote sites using intelligent analytical platforms for cleaning, security, and maintenance. By utilising the Internet of Things (IoT), Building Management Systems (BMS), Cloud, Machine Learning (ML), and Artificial Intelligence (AI) based technologies, these platforms can be intelligently centrally managed and monitored.
Global Facility Management Key Market Trends
- Currently, hosting facilities management software on the cloud is safe and secure. By fostering greater security and cooperation among teams and subsidiaries spread out over different regions, they also help businesses cut costs. Other benefits of cloud-based facilities management solutions include secure hosting of sensitive data, enhanced security and scalability, and quick disaster recovery. Businesses can immediately access crucial server data because the backups are kept on a public or private cloud hosting platform. Data can be accessible from any location that has a dependable internet connection thanks to secure logins. Customer satisfaction is increased, and repair and maintenance costs are decreased thanks to cloud-based facilities management systems. Because of these benefits, important global market growth is being fueled by the adoption and integration of cloud-based solutions.
Global 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 utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, Solutions for facilities management are utilised to lower operating costs and boost productivity across the board. During the anticipated period, the facilities management market is expected to be driven by the growing acceptance of facilities management in the business, residential, and educational sectors. The worldwide facilities management market is also being driven by the soaring need for sanitization, cleaning, spot sterilisation, and workplace-specific sanitization requirements. The need for facilities management services is also being fueled by the growing use of SaaS (Software-as-a-Service) and cloud-based facility management systems.
| Report Metric | Details |
|---|---|
| Market size value in 2021 | USD 43.5 billion |
| Market size value in 2030 | USD 54.05 billion |
| Growth Rate | 11.8% |
| Base year | 2021 |
| Forecast period | 2023-2030 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| 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 Global 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 Global 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 Global 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 Global 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 Global Facility Management Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global 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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