Facility Management Global Market – Overview
According to a recent study report published by the Market Research Future, The global market of Facility Management is projected to gain prominence over the forecast period. The Market is forecasted to witness a phenomenal growth by 2022; with a striking CAGR. With a double digit CAGR of ~13% during forecast period 2016-2022; MRFR hopes the market to reach to USD ~ 60 Billion by 2022.
The major growth driver of facility management market is changing work culture in the organization which is demanding for efficient facility management services. Other factors such as increasing cloud technology market, growing trend of outsourcing facility management operations, increasing commercial real estate properties and growing focus on building asset & space management system by an organization is expected to drive the facility management market in the upcoming future. However, lack of awareness and highly adopted & comfortable traditional approach is projected to hamper the growth of facility management market during 2016-2022.
The facility management is the process of managing multiple disciplines and operations of an organization and ensures smooth functionality of the built environment. It integrate people, place, process, and technology and assist the company to focus on its core competencies. Its core competencies include communication, environment sustainability, finance & business, leadership strategy, operation & maintenance, project management, property management, and technology management.
Request a Sample report @ https://www.marketresearchfuture.com/sample_request/2274
Facility Management Global Market – Competitive Analysis
Characterized by the presence of several well-established and small players, the global Market of Facility Management appears to be highly fragmented and competitive. Well established players incorporate acquisition, collaboration, partnership, expansion, and technology launch in order to gain competitive advantage in this market and to maintain their market position. Strategic partnerships between Key players support the growth and expansion plans of the key players during the forecast period. The Key players operating in the market compete based on pricing, reputation and services. These vendors strive to offer unrivalled services at a lower cost.
Key Players
IBM Corporation (U.S.), Oracle Corporation (U.S.), SAP SE (Germany), EMCOR group, Inc. (U.S.), Aramark Corporation (U.S.), FM System, Inc. (U.S.), CA Technologies, Inc. (U.S.), Accruent, LLC (U.S.), Interserve Plc. (UK), Trimble, Inc. (U.S.) are some of the prominent players at the forefront of competition in the Global Facility Management Market and are profiled in MRFR Analysis.
Regional Analysis of Facility Management Market:
North America is expected to dominate the facility management market during the forecast period 2016-2022 due to high adoption of technology advancement by manufacturing & IT sectors thereby lead to early adoption of facility Management services by companies in the region. Europe is also considered to support North America in generating high revenue for facility management market. The growing demand for support & maintenance services by manufacturing industry for services namely plant maintenance, and fabrication is expected to drive the market in the region. Furthermore, Asia-Pacific is expected to be the fastest growing market for facility management during the forecast period 2016-2022 due to changing work environment in the region. Also, increasing cloud based deployment among organizations and rising demand for soft services by education and residential sector is projected to increase the market of facility management in the region.
Segments for Facility Management Market:
Global Facility Management Market can be segmented as follows:
Segmentation by Services: Project Management, inventory management, maintenance management, operation management, and others.
Segmentation by Deployment: on-premise and cloud.
Segmentation by End-Users: Healthcare, Education, Retail, Manufacturing, Real estate, BFSI, Government, IT & telecom and others.
Browse Complete Report @ https://www.marketresearchfuture.com/reports/facility-management-market-2274
Target Audience:
- Facility management providers
- Managed service providers
- Cloud and network service providers
- Training and consultancy
- Application developers
- Integrated service providers
- Database vendors
- Small & large enterprises
- End users
- Technology investors
- IT vendors
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Media Contact
Company Name: Market Research Future
Contact Person: Akash Anand
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune –
City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com/reports/facility-management-market-2274