North America Facility Management Market (2020-2026) | Size, Data, Report, Growth, Forecast, Revenue, Analysis, Share & COVID-19 IMPACT

Latest 2023 Developments of the North America Facility Management Market

The North America Facility Management Market is currently experiencing growth and the rising demand for integrated facility management services which cater to a wide range of requirements is one of the latest developments driving the market. This development in the market resulted in facilities management providers in the market increasing their service offerings like digital potentials and new technologies in order to improve the experience of their clients. Another essential development in the sector is the change towards eco-friendly and sustainable practices. A number of businesses look for green solutions for facility management. Since players purpose to decrease their environmental impact, there will definitely be a growing focus on sustainability in the sector. Moreover, the growth of smart buildings is also changing how facility managers in the sector operate. Smart buildings in the market possess advanced technology which allows optimization and automation of a number of aspects like security measures, HVAC systems, and lighting. These factors are fueling the North America Facility Management Market Growth. 

North America Facility Management Market Synopsis

Significant growth in commercial, healthcare, and public partnership projects has stimulated the facility management market in North America. The rapid development in the telecom sector, coupled with the advent of 5G network access by 2020-2022, would lead to digitally advanced facility management services in the fields of data analytics, and artificial intelligence. Moreover, the increasing demand for energy-efficient buildings would propel the growth of the facility management market over the forthcoming years.

According to 6Wresearch, the North America Facility Management market size is expected to witness substantial growth during 2020-2026. The United States is the leading revenue-generating country in the North America facility management market owing to the rising commercial sector coupled with various government policies such as “Federal High Performance and Sustainable Buildings”, “Executive Order 13693”, etc. that highlights the operations and management processes for sustainable building requirements. 

Based on solutions, the facility operations and security management segment hold a prominent market share and is expected to retain the same in the coming years due to its widespread use in various operational areas such as HVAC, emergency incident management, video surveillance, building services, fire alarm, and detection systems, etc. The introduction of the ISO 41000 standard has ensured better performance in streamlining processes and standardizing services for an organization.

The North American facility management market report thoroughly covers the market by solutions, services, end-users, and key countries including the United States, Canada, and the rest of North America. North America facility management market outlook provides an unbiased and detailed analysis of the North America facility management market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their strategies according to the future and current market dynamics.

The North America facility management market is projected to witness progressive growth in the coming timeframe backed by the rising adoption of facility management coupled with a rise in commercial sectors such as hotels, malls, and offices which is leading to the high requirement for facility management systems in order to ensure smooth work by managing staff requirements and premises upgradations which are anticipated to proliferate the demand for facility management system in the coming years. Further, on the basis of country, the United States Facility Management market is expected to dominate the overall market revenues owing to rising technical up-gradation coupled with a rise in the need for a facility management system to determine real-time job reports digitally and tracking process which would spur the market growth of the North America facility management market in the coming years.

The North America facility management market is expected to gain traction in the coming timeframe backed by the rising application in various end-user industries such as residential, retail, educational, and healthcare sectors. On the basis of the end-users, the Retail industry especially in Canada and the United States is estimated to generate humongous revenues in the coming timeframe owing to the rising online shopping trend with the rapid rise in the advancement in internet network, this has led to increasing the development of more and more retail stores development and is estimated to instigate facility management role to manage work efficiently and is expected to proliferate the growth of the North America facility management market in the coming timeframe.

Facility Management Market Size in North America

The rapid development in the telecom sector, coupled with the advent of 5G network access by 2020-2022, would lead to digitally advanced facility management services in the fields of data analytics, and artificial intelligence. Moreover, the increasing demand for energy-efficient buildings would propel the growth of the facility management market over the forthcoming years. A number of businesses look for green solutions for facility management. Since players purpose to decrease their environmental impact, there will definitely be a growing focus on sustainability in the sector. 

COVID-19 Impact on North America Facility Management Industry

The coronavirus pandemic outbreak affected the entire North America Facility Management Market Share negatively as several organizations and businesses closed temporarily or permanently, and the demand for these services changed dramatically. The rising focus on sanitization and cleanliness was the most notable impact of the pandemic on the market. Facilities needed to implement stringent cleaning protocols in order to ensure that they are following health regulations and guidelines. The shift towards remote work was another impact of the pandemic on the sector. It was essential for facility managers to follow additional measures like contact tracing procedures, updated evacuation plans, and social distancing protocols. 

Key Highlights of the Report:

• North America Facility Management Market Overview
• North America Facility Management Market Outlook
• North America Facility Management Market Forecast
• Historical Data of North America Facility Management Revenues for the Period 2016-2019
• North America Facility Management Market Size and Forecast of Revenues, Until 2026
• Historical Data of North America Facility Management Market Revenues, By Solutions, for the Period 2016-2019
• Market Size & Forecast of North America Facility Management Market Revenues, By Solutions, until 2026
• Historical Data of North America Facility Management Market Revenues, By Services, for the Period 2016-2019
• Market Size & Forecast of North America Facility Management Market Revenues, By Services, until 2026
• Historical Data of North America Facility Management Market Revenues, By End-Users, for the Period 2016-2019
• Market Size & Forecast of North America Facility Management Market Revenues, By End-Users, until 2026
• Historical Data of the United States Facility Management Market Revenues, for the Period 2016-2019
• Market Size & Forecast of United States Facility Management Market Revenues, until 2026
• Historical Data of Canada Facility Management Market Revenues, for the Period 2016-2019
• Market Size & Forecast of Canada Facility Management Market Revenues, until 2026
• Historical Data of Rest of North America Facility Management Market Revenues, for the Period 2016-2019
• Market Size & Forecast of Rest of North America Facility Management Market Revenues, until 2026
• Market Drivers and Restraints
• North America Facility Management Market Trends and Industry Life Cycle
• North America Facility Management Market Share, By Regions
• North America Facility Management Market Share, By Players
• North America Facility Management Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations 

Markets Covered

The North America Facility Management Market report provides a detailed analysis of the following market segments:

By Solutions:

• Facility Environment Management
• Facility Property Management
• Building Information Modelling
• Facility Operations and Security Management
• Project Management
• Others

By Services:

• Auditing and Quality Assessment
• Support and Maintenance
• Service Level Agreement Management
• Deployment and Integration
• Consulting

By End-User Applications:

• IT and Telecom
• Retail and Commercial
• Energy and Utilities
• Construction and Real Estate
• Banking, Financial Services, and Insurance
• Educational Institutes
• Healthcare
• Manufacturing
• Government and Public Administration
• Others

By Countries:

• United States
• Canada
• Rest of North America
• Other Key Reports Available: