The Facilities Support Services Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).
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According to The Business Research Company’s Facilities Support Services Global Market Report 2024, The facilities support services market size has grown rapidly in recent years. It will grow from $182.74 billion in 2023 to $201.63 billion in 2024 at a compound annual growth rate (CAGR) of 10.3%. The growth in the historic period can be attributed to focus on core competencies, outsourcing trend, cost efficiency, technological advancements.
The facilities support services market size is expected to see rapid growth in the next few years. It will grow to $297.16 billion in 2028 at a compound annual growth rate (CAGR) of 10.2%. The growth in the forecast period can be attributed to health and safety compliance, aging infrastructure, energy efficiency, economic recovery. Major trends in the forecast period include sustainability and green practices, smart building technology, remote monitoring and management, digital transformation, cybersecurity concerns.
The rising number of multinational companies (MNCs) supported the growth of the facilities support services market going forward. A multinational corporation (MNC) is a large corporation that operates in its home country and produces or sells goods or services in various countries. Multinational companies often have a presence in multiple countries and regions. Managing facilities across various locations can be complex and challenging. Facilities support services providers offer a one-stop solution for MNCs to maintain and manage their facilities consistently across different geographies. This simplifies operations and ensures uniform standards of facility management. For instance, in October 2022, according to the Government Digital Service, a UK-based government body, the number of multinational corporations grew by 16,000 (1%), from 2021. Therefore, the rising number of multinational companies (MNCs) is driving the growth of the facilities support services market.
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The facilities support services market covered in this report is segmented –
1) By Type: Maintenance Services; Security & Guard Services; Reception Services; Other Facilities Support Services
2) By Mode: Online; Offline
3) By Deployment Type: On-Premise; Cloud
Top 5 Major Players:
The facilities support services market report table of contents includes:
1. Executive Summary
2. Facilities Support Services Market Characteristics
3. Facilities Support Services Product/Service Analysis -Product/Service Examples
4. Facilities Support Services Market Trends And Strategies
5. Facilities Support Services Market – Macro Economic Scenario
…..
65. South Africa Facilities Support Services Market
66. Facilities Support Services Market Competitive Landscape And Company Profiles
68. Global Facilities Support Services Market Competitive Benchmarking
69. Global Facilities Support Services Market Competitive Dashboard
70. Key Mergers And Acquisitions In The Facilities Support Services Market
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Facilities Support Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Facilities Support Services Market, Segmentation By Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Facilities Support Services Market, Segmentation By Deployment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
….
Table 144: Jones Lang LaSalle Inc. Financial Performance
Table 145: Sodexo Financial Performance
Table 146: CBRE Group Financial Performance
Table 147: ISS A/S Financial Performance
Table 148: Cushman & Wakefield Inc Financial Performance
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