Facility Management Market Expected To Expand At About 13.9% CAGR By 2032

According to a report from Zion Market Research, the global Facility Management Market was valued at USD 51.87 Billion in 2023 and is projected to hit USD 190.51 Billion by 2032, with a compound annual growth rate (CAGR) of 13.9% during the forecast period 2024-2032.

Few of the leading players active vigorously within the global facility management market consist of Oracle, IBM, MCS Solutions, SAP, Trimble, ARCHIBUS, Accruent, CA Technologies, FM:Systems, Planon, Maintenance Connection, iOFFICE, MetricStream, JadeTrack, eMaint, Facility Management eXpress, FSI, Hippo CMMS, Autodesk, Indus Systems, Archidata, Nemetschek, FacilityONE Technologies, OfficeSpace, and Apleona.

The expansion of the global facility management market is primarily driven by the improvement in sustainable infrastructure and the implementation of connected devices & IoT for building automation. Furthermore, the rising requirement to comply with regulatory & environmental compliances along with the rise in the need for integrated facility management is also projected to propel the market growth.

Large Enterprises Segment Anticipated To Capture A Major Share Within The Global Market

Enterprises with over 1,000 staff are deemed as large enterprises. On account of the huge magnitude of the facility infrastructure and the significant numbers of assets & human resources these enterprises have to handle, the large enterprises usually adopt these solutions earlier than others. They utilize facility management solutions to supervise and manage the huge and complex facility infrastructures. Thus, these companies install facility management services and solutions to improve their business functionalities, thus helping the market growth.

North America Is Expected To Dominate The Global Market During The Forecast Period

In terms of market size, the global facility management market is dominated by North America owing to the rise in technological advancements in this region. Canada and the US are the primary nations contributing to the growth of the regional market. Further, enterprises in the public and government administration vertical are implementing facility management solutions, thereby offering numerous avenues for the expansion of the facility management market. Moreover, the rise in the count of public–private partnership projects is also another key factor fueling the market growth in North America.

Browse the full “Facility Management Market - By Service (Consulting, Deployment & Integration, Support & Maintenance, Auditing & Quality Assessment, And SLA Management), By Solution (BIM, IWMS, Environment, Operations & Security, And Property Management), By Organization Size (Large Enterprises And SMEs), By Deployment Type (Cloud And On-Premise), By Vertical (IT & Telecom, BFSI, Healthcare, Government & Public Administration, Retail, Education, Manufacturing, Energy & Utilities, Construction & Real Estate, And Others), And By Region- Global Industry Perspective, Comprehensive Analysis, And Forecast, 2024 – 2032.” Report at https://www.zionmarketresearch.com/report/facility-management-market

The global facility management market is segmented as follows:

By Solutions

• Integrated Workplace Management System
• Building Information Modeling
• Facility Operations and Security Management
  • Lighting Control
  • HVAC Control
  • Video Surveillance and Access Control
  • Emergency and Incident Management
• Facility Environment Management
  • Sustainability Management
  • Waste Management
• Facility Property Management
  • Lease Accounting and Real Estate Management
  • Asset Maintenance Management
  • Workspace and Relocation Management
  • Reservation Management

By Service

• Deployment and Integration
• Consulting
• Auditing and Quality Assessment
• Support and Maintenance
• SLA Management

By Deployment Type

• On-Premises
• Cloud

By Organization Size

• SMEs
• Large Enterprises

By Vertical

• BFSI
• IT and Telecom
• Government and Public Administration
• Healthcare
• Education
• Retail
• Energy and Utilities
• Manufacturing
• Construction and Real Estate
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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