Facility Management Market Updates

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).

Key vendors in Facility Management Market are: '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 '.

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.

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.

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.