Global Facility Management Market (2020-2026) | Size, Forecast, Growth. Revenue, Trend, Share, Outlook & COVID-19 IMPACT

Global facility management market report thoroughly covers the market by solutions, services, end-users, and regions including North America, Latin America, Europe, Asia Pacific, Middle East & Africa, and key countries. The global facility management market outlook provides an unbiased and detailed analysis of the global 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.

Global facility management market Synopsis

Global facility management market is expected to gain momentum during the upcoming years on account of the growing demand for security coupled with a surge in cloud-based data storage and the growing need for energy-efficient or green buildings has driven the demand for the facility management market globally. The global facility management market has registered huge demand due to the rapid infrastructural developments primarily in the IT & telecom, education, retail, and public sectors. Additionally, technological advancements coupled with the growing number of public-private partnership projects are likely to create new and diverse opportunities for the facility management market. 

According to 6Wresearch, the Global Facility Management Market size is expected to witness substantial growth during 2020-2026. Rising urbanization and industrialization coupled with surging disposable income are adding to the Facility Management Market Growth. Increasing penetration towards a sustainable environment coupled with project management is driving the development of the industry. The health emergency caused by the outbreak of coronavirus (Covid 19) has declined the growth of almost every industry owing to the various restrictions imposed by the government.

The global facility management market is anticipated to register sound revenues during the forecast period 2020-26F on the back of a rise in the demand for green building globally coupled with energy efficiency would be the key factors in driving sales revenue in the market on the back of rising government norms and mandates towards the environment-friendly building where facility management ensure renovation, refurbishments, and several building aspects in order to regulate building maintenance effectively on a regular basis which is anticipated to augment the demand for the facility management system and would benefit the Global facility management market during the forecast period.

Global Facility Management Market is estimated to gain traction in the upcoming six years on the back of rising in the exponential growth of the commercial sector in developed and developing countries. Additionally, increased need for rising productivity in business and offices. Where faculty management systems allow business managers to focus on their core work by working over day-to-day operational work like optimizing space tend to help employees to work efficiently and effectively is estimated to spur the potential growth of the global Facility Management Market in the coming years.

Global facility management market is expected to register sound revenues in the coming timezone backed by the rising scope of hiring facility management teams with the growing industrial landscape at a starry rate in the developed and developing countries. Additionally, on the basis of the region, the Middle East facility management market is expected to generate humongous revenues in market owing to the rising expansion of construction projects especially, in Qatar like the 2022 FIFA cup, and Lusail city is attributed as the future hospitality landmark in the smart city, Whereby the high requirement for uptaking the facility management services to manage the entire hospitality sector core activities efficiently, is estimated to leave favorable impact towards the growth of the middle east facility management, as a result, is estimated to contribute major growth of the global facility management market in the impending period.

The major players in the global facility management market include International Business Machines Corporation (US), Oracle Corporation (US), SAP SE (Germany), Trimble Inc. (US), Fortive (US), MRI Software LLC (US), Planon (US), Infor (US), Service Works Global (UK), Facilities Management eXpress (US), Causeway Technologies (UK), FM: Systems (US), Space well International (Belgium), iOFFICE + SpaceIQ (US), Archidata Inc. (Canada), JadeTrack Energy Management Software (US), UpKeep Maintenance Management (US), Apleona GmbH (Germany), FacilityONE Technologies LLC (US), OfficeSpace Software Inc. (US), Facilio (US), facility (India), InnoMaint (India), Nuvolo (US), QuickFMS (India), and link (US).

The global facility management market is projected to find its true potential underpinned by the increase in the potential growth of the commercial sector. Further, the rising expansion of the shopping center and food courts due to rising youngster spending is estimated to act as a growth proliferating factor for the facility management system to manage and is estimated to bolster the growth of the global facility management market in the coming years.

Market Analysis by Types

Based on types, integrated facility management holds a prominent share in market revenues and is expected to retain the same in the coming years as it simplifies day-to-day operations and increases productivity by streamlining all the office-related processes under one management team. North America has a significant integrated facility management market due to the growing interest from the commercial, government, and healthcare sectors.

Market Analysis by Region

North America accounts for a major market share in the global facility management market due to rapid economic growth and rising technological innovations for better data management. The Asia Pacific is anticipated to witness tremendous growth over the forecast period due to the expansion of industries such as business process outsourcing and the influx of MNCs.

 Key Highlights of the Report:

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

Markets Covered

The Global 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
• Others

By Services:

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

By End-Users:

• IT and Telecom
• Retail and Commercial
• Energy and Utilities
• Construction and Real Estate
• BFSI
• Educational Institutes
• Healthcare
• Manufacturing
• Government and Public Administration
• Others

By Regions:

• North America
• Europe
• APAC
• Middle East & Africa
• Latin America

Other Key Reports Available:

• North America Facility Management Market Report
• Europe Facility Management Market Report
• APAC Facility Management Market Report
• Latin America Facility Management Market Report
• Middle East & Africa District Cooling Market Report

Global Facility Management Market: FAQs