Fort Collins, Colorado, Sept. 20, 2023 (GLOBE NEWSWIRE) -- DataHorizzon Research Published a report titled, "Facility Management System Market Size, Growth, Share, Statistics Report, By Type (Hard Services, Soft Services, Others), By Industry Vertical (Healthcare, Government, Education, and Military & Defense, Others), By Service (In-house and Outsourced), By Region, and Segment Forecasts, 2023-2032.”
According to DataHorizzon Research, The facility management system market size was valued at USD 44 Billion in 2022 and is expected to have USD 149.8 Billion by 2032 with a CAGR of 13.1%. The global facility management system market report comprehensively analyzes the latest trends and market conditions. It also covers the latest insights from the industry and delves into market opportunities.
The advancements in the IT sector contribute to rapid industry growth, thus accelerating the need for infrastructure. These high-tech IT parks have various luxurious amenities such as fast elevators, air-conditioned offices, and functional lighting. These facilities need to be managed and maintained regularly. Therefore, a constant market demand is projected to create growth opportunities in the facility management market.
The facility management contains several services and disciplines that ensure the smooth running of infrastructure such as complexes, buildings, real estate, and other infrastructure. The growth of facility management systems is mainly due to different government offices adopting digital transformation from manual work and implementing a proper process that ensures maximum productivity in the stipulated time. The construction of ports, highways, and airports needs various departments to work simultaneously and continuously faster and smoother functioning.
The tourism industry benefits from large investments by government and private players to ensure the best facilities for tourists visiting a holiday destination. The facility management services help minimize the operation costs, improve security, and ensure coordination among the staff so that there are no issues in the services provided to them. For example, maintenance of swimming pools and refreshment areas are some of the facility management functions that are widely needed.
Request Sample Report: https://datahorizzonresearch.com/request-sample-pdf/facility-management-system-market-2214
Report Snapshot:
| Report Title | Facility Management System Market |
| Market Size in 2022 | USD 44 Billion |
| Market Size by 2032 | USD 149.8 Billion |
| CAGR from 2023 to 2032 | 13.1% |
| Largest Market | North America |
| Forecast Period | 2023 to 2032 |
| Historic Period | 2021 |
| Base Year | 2022 |
| Report Scope & Coverage | Market Size, Market Estimations, Competitor Analysis, Trends and Growth Factors |
| By Type | Hard Services, Soft Services, Others |
| By Industry Vertical | Healthcare, Government, Education, and Military & Defense |
| By Service | In-house and Outsourced |
| Region | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. |
| Countries Covered | U.S., Canada, U.K., Germany, France, China, Japan, India, South Korea, Brazil, Mexico, UAE, Saudi Arabia, South Africa, among others |
| Major Market Players | IBM, Spacewell International, ORACLE, Accruent, Compass Corporation, Causeway Information Technology, Cushman & Wakefield, Accruent MRI SOFTWARE Corporation, Dussman Organization, Tenon Organization etc. |
Segmentation Overview:
The global facility management system market has been segmented into type, industry, service, and region. Real estate dominates the industry segment due to high-end construction and infrastructure development in the commercial and residential sectors. Moreover, the need for service types such as maintenance and repairs dominates the global market.
North America is the leading region for facility management owing to the growing technological adoption and the emergence of several startups as third-party assistance. Also, a rise in urbanization with a major emphasis on creating business hubs is projected to impel the market growth in the forecast period. Asia Pacific is a fast-growing market for facility management. Significant investments and the availability of a pool of opportunities in the service sector are anticipated to create growth avenues for the Asia Pacific market.
Buy This Research Report: https://datahorizzonresearch.com/checkout-page/facility-management-system-market-2214
Facility Management System Market Report Highlights:
- The global facility management system market is set to achieve a CAGR of 13.1% by 2032.
- The rising construction of business parks largely drives the facility management market, led by growing dependence on facility management services.
- The demand for soft services such as cleaning and maintenance has grown in the past few years. Also, the emergence of third-party assistance is projected to fulfill the market demand.
- The North America facility management market is poised to grow at a rapid pace owing to the demand for facility management.
- Some of the prominent players in the facility management market report include BM, Spacewell International, ORACLE, Accruent, Compass Corporation, Causeway Information Technology, Cushman & Wakefield, Accruent MRI SOFTWARE Corporation, Dussman Organization, and Tenon Organization.
Key Developments in the Industry:
- In 2022, Macquarie Asset Management acquired Goleniów II, a Polish logistics facility, from developer 7R on behalf of its European logistics real estate fund as it continues to grow its foothold in the country's logistics industry.
- In 2022, Barwa Real Estate Group QPSC initiated the implementation of Fusion Applications on Oracle Cloud, allowing them to automate back-office activities and establish solid administrative processes such as human resources management, financial management, and supply chain management.
Looking Exclusively For Region/Country Specific Report? https://datahorizzonresearch.com/ask-for-customization/facility-management-system-market-2214
OR
Ask For Discount https://datahorizzonresearch.com/ask-for-discount/facility-management-system-market-2214
Facility Management System Market Report Segmentation:
Facility Management System Market, By Type (2023-2032)
- Hard Services
- Soft Services
- Others
Facility Management System Market, By Industry Vertical (2023-2032)
- Healthcare
- Government
- Education
- Military & Defense
Facility Management System Market, By Service (2023-2032)
- In-house
- Outsourced
Facility Management System Market, By Region (2023-2032)
- North America
-
- U.S.
- Canada
- Europe
-
- U.K.
- Germany
- France
- Rest of Europe
- Asia Pacific
-
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
-
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
-
- UAE
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
About DataHorizzon Research:
DataHorizzon is a market research and advisory company that assists organizations across the globe in formulating growth strategies for changing business dynamics. Its offerings include consulting services across enterprises and business insights to make actionable decisions. DHR’s comprehensive research methodology for predicting long-term and sustainable trends in the market facilitates complex decisions for organizations.
Contact:
Mail: sales@datahorizzonresearch.com
Ph: +1-970-672-0390
Website: https://datahorizzonresearch.com/
Follow Us: LinkedIn
Recent Publications
Speech Analytics Market 2023 to 2032
Accessibility Testing Market 2023 to 2032
Terminal Management System Market 2023 to 2032
Foreign Exchange Software Market 2023 to 2032
Video Analytics Market 2023 to 2032
