Facility Management Market Size Grows by USD 660.29 Billion | Increasing Demand for Cloud-Based Facility Management Solutions to Drive Growth

The report analyzes the facility management market by end user (commercial, government and residential) and geography (EuropeNorth AmericaAPAC, South Americaand MEA)

NEW YORKMay 30, 2022 /PRNewswire/ — The facility management market will be driven by factors such as the increasing demand for cloud-based facility management solutions† These solutions enable secure hosting of critical data. It also offers other benefits, such as improved security and scalability and faster disaster recovery. Businesses can recover critical server data from backups stored on a shared or private cloud hosting platform. They can also increase security and collaboration between their teams and subsidiaries that are located in multiple locations, reducing operating costs.

Technavio has announced its latest market research report titled Facility Management Market by End-user and Geography – Forecast and Analysis 2021-2025.

The facility management market is expected to grow by: USD 660.29 billion from 2020 to 2025. In addition, the growth momentum of the market will accelerate at a CAGR of 8.3% during the forecast period.

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Facility Management Market: Major Segmentation

By end user, the commercial segment will have significant market share growth over the forecast period. The growth in the number of multinational conglomerates (MNCs) and small and medium-sized enterprises (SMEs) has increased the demand for commercial office space around the world, which is expected to drive demand for facility management. The commercial segment is one of the main contributors to the global facility management market. Much of the demand comes from the business services, information technology (IT), industrial and manufacturing, real estate and healthcare sectors.

Facility Management Market: important trend

The adoption of green cleaning products is a trend in the facility management market. Many suppliers offer green and sustainable cleaning products because of the increasing awareness of the benefits of green and environmentally friendly products among commercial and industrial users. Green cleaning products are also safe to use as they contain no toxic chemicals or corrosive materials. They are derived from natural essential oils, such as basil, lavender, lemon and other plant sources.

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Facility Management Market: Vendor Analysis

The facility management market is fragmented and the suppliers are adopting growth strategies such as price, service and branding to compete in the market. Some of the major suppliers operating in the market are Aramark Corp., International Business Machines Corp., Interserve Group Ltd., ISS AS, Johnson Controls International Plc, OCS Group Ltd., SAP SE, SIS Ltd., Serco Group Plc and Sodexo Group, among others.

Reasons to buy Facility Management Market Report:

  • CAGR of the market during the forecast period 2021-2025

  • Detailed information on factors that will support Facility Management market growth over the next five years

  • – Estimation of the Facility Management market size and its contribution to the parent market

  • Predictions on emerging trends and changes in consumer behavior

  • The growth of the facility management market around the world: EuropeNorth AmericaAPAC, South Americaand MEA

  • Analysis of the competitive landscape of the market and detailed information about suppliers

  • Comprehensive details of factors that will challenge the growth of facility management market vendors:

This report can be personalized according to your business needs. Talk to our analyst

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Market size for facility management

Reporting coverage

Details

page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 8.3%

Market growth 2021-2025

USD 660.29 billion

Market structure

fragmented

YoY Growth (%)

4.07

Regional analysis

Europe, North America, APAC, South America and MEA

Performing Market Contribution

APAC at 43%

Main consumer countries

US, China, India, Germany and UK

Competitive landscape

Leading Companies, Competitive Strategies, Consumer Engagement Range

Profiled companies

Aramark Corp., International Business Machines Corp., Interserve Group Ltd., ISS AS, Johnson Controls International Plc, OCS Group Ltd., SAP SE, SIS Ltd., Serco Group Plc and Sodexo Group

Market dynamics

Parent market analysis, Inductors and obstacles to market growth, High-growth and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market conditions analysis for forecast period,

Adjustment Range

If our report doesn’t provide the data you’re looking for, contact our analysts and have segments tailored.

Index

1. Summary

2 Market landscape

3 Market size

4 Five Forces Analysis

5 Market segmentation by end user

6 Customer landscape

7 Geographical landscape

8 drivers, challenges and trends

9 supplier landscape

10 Supplier Analysis

11 Appendix

About us
Technavio is a leading global technology research and consultancy company. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With more than 500 specialist analysts, Technavio’s report library consists of more than 17,000 reports and 800 technologies across 50 countries. Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s extensive coverage, extensive research and actionable market insights to identify opportunities in existing and potential markets and assess their competitive position within changing market scenarios.

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Technavio (PRNews photo / Technavio)

Technavio (PRNews photo / Technavio)

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SOURCE Technavio

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