Dublin, March 02, 2021 (GLOBE NEWSWIRE) -- The "Facility Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.
The global facility management market reached a value of US$ 48.9 Billion in 2020. Facility management (FM) refers to an integrated system of technologies that are utilized to improve the efficiency of commercial and residential spaces. FM solutions, such as building management, operations and security management, Computer-Aided Facilities Management (CAFM), etc., are used for space planning, equipment maintenance, portfolio forecasting, business continuity, emergency preparedness and environmental sustainability. For organizations and offices, they aim to ensure maximum productivity by streamlining and standardizing routine tasks. Owing to these benefits, FM solutions find extensive applicability across the residential, banking, finance service and insurance (BFSI), retail, healthcare and education sectors.
The emerging trend of digitalization, along with the increasing adoption of the Internet of Things (IoT) and cloud-based software, currently represent the key factors driving the growth of the market. The utilization of advanced technologies, such as cloud computing and augmented reality (AR) for managing a building, have enabled managers to reduce their dependency on human resources and improve their operational efficiencies.
Furthermore, the emergence of Integrated Facility Management (IFM) is acting as another growth-inducing factor. IFM enhances productivity by simplifying repetitive operations and combining all office-related functions under a single management team. FM services are also utilized to conveniently manage home-based, on-the-go, after-hours and employees, as well as the outsourced services, while ensuring the availability of all necessary tools required for maximum productivity. Apart from this, these solutions are used to create a safe working environment, reduce energy costs and asset tracking. Moreover, the implementation of favorable government policies promoting infrastructural automation, coupled with the increasing adoption of software-as-a-service (SaaS) deployment model, is projected to drive the market further. Looking forward, the publisher expects the global facility management market to exhibit strong growth during the next five years.
Report Coverage:
Historical, Current and Future Market Trends
Market Breakup by Solution:
- Integrated Workplace Management System
- Facility Operations and Security Management
- Building Information Modeling
- Facility Property Management
- Facility Environment Management
Market Breakup by Service:
- Deployment and Integration
- Auditing and Quality Assessment
- Support and Maintenance
- Consulting
- Service Level Agreement Management
Market Breakup by Deployment Type:
- On-Premises
- Cloud
Market Breakup by Organization Size:
- Small and Medium Size Enterprises
- Large Enterprises
Market Breakup by Vertical:
- Banking, Financial Services, and Insurance
- IT and Telecom
- Government and Public Administration
- Healthcare
- Education
- Retail
- Energy and Utilities
- Others
Market Breakup by Region:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
Competitive Landscape:
The report has also analyzed the competitive landscape of the market with some of the key players being IBM, Oracle, Trimble, CA Technologies, SAP, Archibus, Accruent, Maintenance Connection, MCS Solutions, Planon, Ioffice, Jadetrack, Metricstream, Emaint, Facilities Management Express, etc.
Key Questions Answered in This Report:
- How has the global facility management market performed so far and how will it perform in the coming years?
- What are the key regional markets in the global facility management industry?
- What has been the impact of COVID-19 on the global facility management market?
- What is the breakup of the market based on the solution?
- What is the breakup of the market based on the service?
- What is the breakup of the market based on the deployment type?
- What is the breakup of the market based on the organization size?
- What is the breakup of the market based on the vertical?
- What are the various stages in the value chain of the global facility management industry?
- What are the key driving factors and challenges in the global facility management industry?
- What is the structure of the global facility management industry and who are the key players?
- What is the degree of competition in the global facility management industry?
Key Topics Covered:
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Facility Management Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Solution
5.5 Market Breakup by Service
5.6 Market Breakup by Deployment Type
5.7 Market Breakup by Organization Size
5.8 Market Breakup by Vertical
5.9 Market Breakup by Region
5.10 Market Forecast
6 Market Breakup by Solution
6.1 Integrated Workplace Management System
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Facility Operations and Security Management
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Building Information Modeling
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Facility Property Management
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Facility Environment Management
6.5.1 Market Trends
6.5.2 Market Forecast
7 Market Breakup by Service
7.1 Deployment and Integration
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Auditing and Quality Assessment
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Support and Maintenance
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Consulting
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Service Level Agreement Management
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by Deployment Type
8.1 On-Premises
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Cloud
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Organization Size
9.1 Small and Medium Size Enterprises
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Large Enterprises
9.2.1 Market Trends
9.2.2 Market Forecast
10 Market Breakup by Vertical
10.1 Banking, Financial Services, and Insurance
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 IT and Telecom
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Government and Public Administration
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Healthcare
10.4.1 Market Trends
10.4.2 Market Forecast
10.5 Education
10.5.1 Market Trends
10.5.2 Market Forecast
10.6 Retail
10.6.1 Market Trends
10.6.2 Market Forecast
10.7 Energy and Utilities
10.7.1 Market Trends
10.7.2 Market Forecast
10.8 Others
10.8.1 Market Trends
10.8.2 Market Forecast
11 Market Breakup by Region
11.1 North America
11.1.1 Market Trends
11.1.2 Market Forecast
11.2 Europe
11.2.1 Market Trends
11.2.2 Market Forecast
11.3 Asia Pacific
11.3.1 Market Trends
11.3.2 Market Forecast
11.4 Middle East and Africa
11.4.1 Market Trends
11.4.2 Market Forecast
11.5 Latin America
11.5.1 Market Trends
11.5.2 Market Forecast
12 SWOT Analysis
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats
13 Value Chain Analysis
14 Porters Five Forces Analysis
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 IBM
15.3.2 Oracle
15.3.3 Trimble
15.3.4 CA Technologies
15.3.5 SAP
15.3.6 Archibus
15.3.7 Accruent
15.3.8 Maintenance Connection
15.3.9 MCS Solutions
15.3.10 Planon
15.3.11 Ioffice
15.3.12 Jadetrack
15.3.13 Metricstream
15.3.14 Emaint
15.3.15 Facilities Management Express
For more information about this report visit https://www.researchandmarkets.com/r/ukmd5b