New York, NY, May 02, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Facility Management Services Market by Facility Management Services (In-House, Outsourced, and Integrated), by Solution (Integrated Workplace Management System, Building Information Modeling, Facility Operations and Security Management, Facility Environment Management, and Lease Accounting and Real Estate Management), by Service (Consulting, Auditing and Quality Assessment, Support and Maintenance, and Service Level Agreement Management), by Deployment Mode (Cloud-Based and On-Premises), by Organization Facility Management Type (Small and Medium Enterprises and Large Enterprises), and by Vertical (IT and Telecom, Healthcare, Retail, Manufacturing, Construction and Real Estate, Banking, Financial Services, and Insurance (BFSI), Government and Public Administration, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2027”. According to the report, the global facility management services market was approximately USD 1,314 billion in 2018 and is expected to generate around USD 2,127.4 billion by 2027, at a CAGR of around 5.5% between 2019 and 2027.
The increasing demand for integrated facility management owing to the growing awareness regarding the benefits associated with the adoption of integrated facility management is expected to boost the growth of the global facility management services market over the forecast time period. Furthermore, the rising concerns regarding corporate social responsibility due to various legislative requirements to decrease ecological footprint is further expected to drive the facility management services market in the upcoming years globally. However, the presence of unorganized players delivering low-cost services is restraining the facility management services market growth.
Browse through 141 Tables & 46 Figures spread over 110 Pages and in-depth TOC on “Global Facility Management Services Market: Industry Type, Size, Share, Segments, Analysis and Forecast 2018–2027”.
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Based on facility management type, the facility management services market includes in-house, outsourced, and integrated. Integrated facility management is expected to show the fastest CAGR over the forecast time period, owing to the growing software need to achieve economies of scale.
By solution, the market includes an integrated workplace management system, building information modeling, facility operations, and security management, facility environment management, and lease accounting and real estate management. The facility operations and security management segment held a major market share in 2018, due to the rising software demand from various organizations to manage different operational areas, such as facility lighting, video surveillance and access control, HVAC, and emergency incident management.
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By service, the market includes consulting, auditing and quality assessment, support and maintenance, and service level agreement management. The service level agreement management segment is expected to witness significant growth in the future.
By deployment mode, the market is bifurcated into on-premises and cloud-based. The cloud-based segment held a major market share in 2018, due to the increasing software demand from various industries. By organization facility management type, the market includes large enterprises and small and medium enterprises.
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By vertical, the facility management services market includes IT and telecom, healthcare, retail, manufacturing, construction and real estate, banking, financial services, and insurance (BFSI), government and public administration, and others. The government and public administration held a major market share in 2018, due to the increasing demand for facility management services in the sector.
By region, the North American facility management services market accounted for a substantial revenue share in 2018 globally, owing to the rising technological advancements and growing adoption of IoT and smart connected devices for building automation.
Browse the full “Facility Management Services Market by Facility Management Services (In-House, Outsourced, and Integrated), by Solution (Integrated Workplace Management System, Building Information Modeling, Facility Operations and Security Management, Facility Environment Management, and Lease Accounting and Real Estate Management), by Service (Consulting, Auditing and Quality Assessment, Support and Maintenance, and Service Level Agreement Management), by Deployment Mode (Cloud-Based and On-Premises), by Organization Facility Management Type (Small and Medium Enterprises and Large Enterprises), and by Vertical (IT and Telecom, Healthcare, Retail, Manufacturing, Construction and Real Estate, Banking, Financial Services, and Insurance (BFSI), Government and Public Administration, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2027” Report at https://www.zionmarketresearch.com/report/facility-management-services-market
The European facility management services market is projected to show substantial CAGR over the forecast time period, owing to the increasing demand for these services across various regional industries, such as healthcare, retail, government, and public administration, etc. Moreover, the presence of major industry players in the region that provide facility management services is predicted to further drive this regional market over the forecast time period.
Asia Pacific held a major share of the global facility management services market in 2018 and the region is expected to show the fastest CAGR over the forecast time period as well. This regional growth can be attributed to the rising industrialization, outsourcing of MNC operations to emerging economies like China and India, flourishing construction sector, increasing penetration of internet, and rising demand for enhanced data management.
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The Latin American facility management services market is expected to grow substantially in the upcoming years, owing to the increasing need for customized solutions for various organizations in Brazil. The Middle East and Africa is likely to experience lucrative market growth over the forecast timeframe, owing to the rising number of government plans to develop education and healthcare facilities across the region.
Some key players operating in the global facility management services market include Accruent, Apleona HSG GmbH, ARCHIBUS, Inc., Archidata Inc., Autodesk Inc., CA Technologies, FM Systems, IBM, iOFFICE, ISS, JadeTrack Inc., NEMETSCHEK INC., OfficeSpace Service Inc., ONE FM, Oracle, Planon, SAP SE, SatNav Technologies, Sodexo, Trimble Inc., and Trivalor.
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This report segments the global facility management services market into:
Global Facility Management Services Market: Facility Management Services Analysis
- In-House
- Outsourced
- Integrated
Global Facility Management Services Market: Solution Analysis
- 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
- Relocation Management
- Reservation Management
Global Facility Management Services Market: Service Analysis
- Consulting
- Auditing and Quality Assessment
- Support and Maintenance
- Service Level Agreement Management
Global Facility Management Services Market: Deployment Mode Analysis
- Cloud-Based
- On-Premises
Global Facility Management Services Market: Organization Facility Management Type Analysis
- Small and Medium Enterprises
- Large Enterprises
Global Facility Management Services Market: Vertical Analysis
- IT and Telecom
- Healthcare
- Retail
- Manufacturing
- Construction and Real Estate
- Banking, Financial Services, and Insurance (BFSI)
- Government and Public Administration
- Others
Global Facility Management Services Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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