Facility Management Market Size, Share, Trends, Growth 2032

Facility Management Market Insights

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. This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Facility Management Market industry over the next decade.

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Facility Management Market: Overview

Facilities management includes myriad disciplines & services ensuring functionalities, safety, comfort, and efficiency of constructions, real estate, and infrastructure. Furthermore, it encompasses maintenance & operations activities. It highlights on proficient delivery of support solutions to the firms that it serves. As per ISO, facility management is the organizational operation that integrates place, person, and procedures within an environment with a view to enhancing the life quality of individuals as well as core business productivity. In addition to this, facility management services help managers to detect underutilized facilities, procedures, resources, and assets.

Facility Management Market: Growth Factors

Growing acceptance of disruptive systems including cognitive computing, IoT, AR, and analytics will proliferate the expansion of the facility management industry over the assessment period. Apart from this, large-scale use of UAVs or drones and robots will open new horizons of growth for the facility management market during the projected timeline. With the onset of COVID-19, governments in the worst-hit nations like the UK, the U.S., Italy, China, and Spain have invested in facility management solutions. This, in turn, will proliferate the surge in the facility management industry over the predicted timeframe.

Furthermore, with massive growth in manufacturing, public, and retail sectors, the facility management industry is anticipated to gain traction over the ensuing years. Nevertheless, scaling security issues pertaining to equipment safety as well as network safety and escalating security threats can prove to be a big threat to the growth of the facility management industry over the projected timeline.

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Facility Management Market: Report Scope

North American Facility Management Market To Accrue Huge ROI By 2032

The expansion of the facility management industry in North America over the forecast timeline is due to the countries like the U.S. and Canada being the early adopters of facility management activities. Large-scale investments in Artificial Intelligence, cloud computing, big data analytics, and machine learning tools will catapult the growth of the facility management industry in North America over the assessment period.

Facility Management Market: Competitive Landscape

Some of the main competitors dominating the facility management market include

• Oracle
• FacilityONE Technologies
• OfficeSpace
• IBM
• MCS Solutions
• SAP
• eMaint
• Trimble
• Nemetschek
• ARCHIBUS
• Accruent
• CA Technologies
• FM: Systems
• Planon
• Maintenance Connection
• iOFFICE
• MetricStream
• JadeTrack
• Facility Management eXpress
• FSI,
• Hippo CMMS
• Autodesk
• Indus Systems
• Archidata
• Apleona

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