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Facilities Management - Industry Size 2019 | Market Opportunities, Share Analysis up to 2025

A detailed overview of Facilities Management market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of Facilities Management market in conjunction with the geographical landscape, demand spectrum, remuneration scale, and growth graph of this vertical have also been included in this report.

Some of the major findings of the FM market report include:

Facilities Management Market is expected to exceed USD 2 trillion by 2025. The rising investments in smart city projects across the world have led to the growing demand for facilities management services.

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- The demand for facility management services such as construction, operation, and maintenance is increasing due to the growing number of construction projects undertaken by government departments

Facilities Management - Industry Size 2019 | Market Opportunities, Share Analysis up to 2025
Facilities Management - Industry Size 2019 | Market Opportunities, Share Analysis up to 2025

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- The growing tourism and hospitality industry have led to the rising demand for FM services across hotels, restaurants, and entertainment centers

- The growing industrialization will enable manufacturing companies to outsource the management of their facilities to enhance their focus on core competencies

- The proliferation in smart city development projects in Asia Pacific and the MEA is expected to drive market growth

- Some of the major companies operating in the market are CA Technologies, CB Richard Ellis (CBRE), Aramark, Colliers International, EMCOR Group, Inc., and G4S plc

- Stringent regulations and high scrutiny have enabled enterprises to outsource and deploy technology solutions that can optimize their facilities management

The increase in investments in the real estate and construction industry across the globe is supporting the market growth. For instance, in 2017, the Canadian government issued an additional funding of USD 81.2 billion across five priority infrastructure streams including public transit, trade, green, social, and transportation. The government is taking initiatives to develop rural and northern communities' infrastructure through the ?Investing in Canada? plan to build advanced economic cities. With the increase in the number of construction projects, the demand for various facility management services including construction, maintenance, operation, electric & mechanical works, and post-construction services such as building cleaning and maintenance is also increasing across the world.

The slow adoption of outsourced FM services can restrict market growth as the enterprises are inclined toward the use of in-house management staff. The in-house facilities management team may lack the required skillset and training required for performing specific operations, which may result in an inefficient approach toward the management of valuable assets of the organization.

The outsourced services segment is expected to grow at a significant growth rate over the forecast period due to the emphasis of growing enterprises on focusing on their core competencies to gain competitive advantage. The rising competition across all business sectors is enabling organizations to outsource their non-core business operations to third-party service providers. Outsourcing the facilities management services helps in managing the day-to-day operations of the facility by skilled and well-trained labor. It also helps businesses to reduce the overall operational cost as they do not need to recruit and train their in-house staff for managing the facility operations.

The hard service segment is expected to hold a major share by 2025 due to the development of smart homes and offices. These smart homes and offices include different physical assets such as electrical and mechanical equipment, elevators, fire safety systems, and HVAC systems. Such systems require frequent maintenance to support their uninterrupted operations. The hard FM service providers have skilled labor to manage these services without affecting the core operations of any business.

The growing tourism industry in the U.S. is supporting the demand for FM services in North America. For instance, according to the International Trade Administration (ITA), the U.S. travel and tourism industry generated an economic output of more than USD 1.6 trillion in 2017. The increase in the number of tourists has led to the adoption of facility management services across airports, shopping malls, large food centers, and amusement parks.

The major companies operating in the market are focusing on securing government contracts for FM services to enhance their profitability. In February 2019, Madrid City Government signed a four-year contract of worth USD 18.62 million with ACCIONA, the facility management company to enhance energy efficiency in 400 municipal buildings including schools, sports centers, offices, social, and cultural centers.

Major Highlights from Table of contents are listed below for quick lookup into Facilities Management Market report

Chapter 1. Methodology and Scope

  • Definitions & forecast parameters
  • Methodology and forecast parameters
  • Data Sources

Chapter 2. Executive Summary

  • Business trends of Facilities Management Market
  • Product trends
  • Application trends

Chapter 3. Facilities Management Industry Insights

  • Facilities Management Market Industry segmentation
  • Industry landscape
  • Analysis of Manufacturers in the Facilities Management industry
  • Distribution channel analysis
  • End-use landscape
  • Vendor matrix
  • Facilities Management Market Technology & innovation landscape
  • Industry impact forces
  • Facilities Management Market Growth drivers
  • Industry pitfalls & challenges
  • Key trends by Segments

Chapter 4. Company Profiles

  • Business Overview of Facilities Management Market Companies
  • Financial Data
  • Product Landscape
  • Strategic Outlook and Decisive Analysis of companies in Facilities Management Market
  • SWOT Analysis

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