Facility Management Market | Business Scenario | Ready to Experience Exponential Growth by 2030

According to a new report published by Allied Market Research, the global facility management market was valued at $31,207 million in 2016, and is projected to reach $80,849 million by 2023, growing at a CAGR of 14.4% from 2017 to 2023. The facility management services segment is anticipated to grow at the highest rate during the forecast period.

An increase in the number of small and medium enterprises (SMEs) across the globe, a surge in the adoption of innovative technologies such as cloud-based solutions, and a rapidly transforming organizational culture and work style are expected to drive the growth of the global facility management market.

On the other hand, a lack of awareness about facility management solutions among people is predicted to hinder the growth to some extent. However, the rise in demand for service outsourcing is anticipated to create massive opportunities for the growth of the industry.

Download Sample Report (Get Full Insights in PDF – 286 Pages) at: https://www.alliedmarketresearch.com/request-sample/2228

The cloud-based deployment segment accounted for the highest share of around 69% of the total revenue in 2016, and is projected to grow at the fastest CAGR during the forecast period.

Furthermore, the facility management market for small & midsize organizations is projected to grow at the highest rate during the forecast period. The public-sector segment accounted for the highest revenue share in 2016, while the healthcare segment is anticipated to grow at a rate of 15.6%.

The growth of the global facility management market is driven by increase in adoption of cloud-based solutions, change in organization structure & work management, and introduction of novel solutions by the key players.

In addition, rise in demand for service outsourcing, high internet penetration in Asia-Pacific, and surge in demand for IoT among end use are expected to offer significant growth opportunities for the market. However, lack of awareness about it benefits and additional features is anticipated to hamper the market growth.

For Report Customization: https://www.alliedmarketresearch.com/request-for-customization/2228

The facility management market is in its growth phase, and is expected to grow at a CAGR of 14.4% during the forecast period. Organizations have focused on offering effective and efficient solutions for various end users.

Currently, innovative and cost-effective solutions are being offered by various vendors in the market, which cater to the growing needs of improved facility management among end-user industries. North America was the highest shareholder, in terms of revenue, while Australia in Asia-Pacific is expected to grow at the highest CAGR during the forecast period. 

The report features a competitive scenario of the global facility management industry and provides a comprehensive analysis of key growth strategies adopted by major players. The key players profiled in the study are IBM Corporation, Oracle Corporation, SAP SE, Ioffice Corporation, Archibus, Inc., FM System, Inc., CA Technologies, Inc., Accruent, LLC, Planon Corporation, and Trimble, Inc.

These players have adopted competitive strategies such as geographical expansions, mergers & acquisitions, new product launches, and partnerships & collaborations to augment the growth of the facility management market.

Key Findings of the Facility Management Market: 

  • The public sector accounted for the highest share of the global facility management industry in 2016, while healthcare segment is expected to grow at the fastest CAGR from 2017 to 2023.
  • The solution segment of facility management market generated the highest revenue share in 2016.
  • The North American facility management market generated the highest share of around 35% of the total market in 2016.
  • The facility management market for small & midsize organizations is expected to witness the highest growth rate during the forecast period.

Buy this Report at: https://www.alliedmarketresearch.com/checkout-final/c2c5a1ea57ff02355fe1e0db3763ad1f

Thanks for reading this article; you can also get an individual chapter-wise section or region-wise report versions like North America, Europe, or Asia.

If you have any special requirements, please let us know and we will offer you the report as per your requirements.

Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.

AMR launched its user-based online library of reports and company profiles, Avenue. An e-access library is accessible from any device, anywhere, and at any time for entrepreneurs, stakeholders, researchers, and students at universities. With reports on more than 60,000 niche markets with data comprising of 600,000 pages along with company profiles on more than 12,000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients’ requirements is complemented with analyst support and customization requests.

Contact:           
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll-Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on: LinkedIn Twitter

Leave a comment

Your email address will not be published. Required fields are marked *