Global Facility Management Market size was valued at US$ 46.59 Bn . in 2021 and the total revenue is expected to grow at 11.20% through 2022 to 2029, reaching nearly US$ 108.92 Bn..
Facility Management Market Scope:
The report provided by MMR is a detailed study of the Facility Management market, this study has also recognized all the major players in the global market based on the factors like volume, share, strategies, growth, etc. The report also suggests strategies for current market players as well as those who want to enter the market. The synopsis is expected to help and strengthen their position in the market
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Market overview:
The report has analyzed the market using various marketing methods like Porter’s five forces, market share analysis, SWOT analysis, etc. In Porter’s five forces, the factors and dynamics of the global market are recognized
This analysis is evaluated on various factors such as patents, government rules, and regulations, the impact of advertisements, the impact of COVID-19. All this data is expected to help in the decision-making process.
Facility Management Market Segment:
In terms of deployment, cloud-based deployment held a 54% market share in 2021. By hosting software and the service platform in remote locations, a cloud-based deployment platform enables them to be accessed and utilised from anywhere over the internet. Cloud-based access simply needs one application login to sign in to all systems, as opposed to requiring the installation of software suites on numerous workstations.
During the forecast period, deployment is anticipated to increase at a CAGR of 2.6%. It also enables offline data analytics and configuration, which calls for dedicated IT workers for high-end IT infrastructure maintenance and support, to give users better control over systems and data. Through the anticipated period, these variables are anticipated to fuel market expansion.
With a 24% market share among end users, health care was the market leader in 2021. The market growth of the category is primarily driven by the ongoing expansion of the healthcare industry, the preservation of a high-quality environment, the maintenance of security, preventative maintenance, and the rising demand for facility management.
BFSI is anticipated to expand during the projection period at a CAGR of 4.8%. Businesses in the BFSI industry are in charge of managing and maintaining a variety of real estate investments. Facility management solutions like IWMS and CMMS enable facility management teams to handle operational procedures like asset management, maintenance management, space management, and work order tracking strategically.
- Global Facility Management Market: Research Methodology
- Global Facility Management Market: Executive Summary
- Market Overview and Definitions
- Introduction to Global Facility Management Market
- Summary
- Key Findings
- Recommendations for Investors
- Recommendations for Market Leaders
- Recommendations for New Market Entry
- Global Facility Management Market: Competitive Analysis
- MMR Competition Matrix
- Market Structure by region
- Competitive Benchmarking of Key Players
- Consolidation in the Market
- M&A by region
- Key Developments by Companies
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Challenges
- Market Dynamics
- PORTERS Five Forces Analysis
- PESTLE
- Regulatory Landscape by region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America
- COVID-19 Impact
- Global Facility Management Market Segmentation
- Global Facility Management Market, by Solutions(2021-2029)
- Global Facility Management Market, by Services(2021-2029)
- Global Facility Management Market, by Deployment Type(2021-2029)
- Global Facility Management Market, by Organization SizeUser (2021-2029)
- Regional Facility Management Market(2021-2029)
- Regional Facility Management Market, by Solutions(2021-2029)
- Regional Facility Management Market, by Services(2021-2029)
- Regional Facility Management Market, by Deployment Type(2021-2029)
- Regional Facility Management Market, by Organization Size(2021-2029)
- Regional Facility Management Market, by Country (2021-2029)
- Company Profile: Key players
- Company Overview
- Financial Overview
- Global Presence
- Capacity Portfolio
- Business Strategy
- Recent Developments
Facility Management Market Key players:
• BM
• Oracle
• SAP
• Trimble
• Accruent
• MRI Software
• Planon
• ServiceChannel
• Service Works Global
• FMX
• Causeway Technologies
• FM: Systems
• Space well
• iOFFICE
• FSI
• ARCHIBUS
• Archidata
• JadeTrack
• UpKeep Maintenance Management
• Apleona
• FacilityONE Technologies
• OfficeSpace Software
• Facilio
• eFACiLiTY
• eMaint
• Axxerion USAFAQS
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Regional Analysis:
- North America (Canada, the United States, and Mexico.).
- Europe (France, Russia, Italy, Germany, UK, Turkey, etc.).
- Africa and the Middle East (Egypt and GCC Countries.).
- Asia-Pacific (Vietnam, Philippines, Malaysia, Korea, China, Thailand, Australia, Indonesia, and India, Japan).
- South America (Brazil etc.).
COVID-19 Impact:
COVID-19 has impacted many businesses and industries. The long-term effects of this are also present in the report, problems caused by COVID-19 are also mentioned in this report and the probable solution to those is mentioned too. Considering the COVID-19 norms there are changes in the rules and regulations of the market. The solutions given in the report are expected to help those affected by the Covid-19 crisis.
Highlights Of the Facility Management Market Study:
- It gives a detailed view of the market.
- The report mentions development strategies that will help the users.
- Recent market trends are also listed in the report.
- COVID-19 issues and the solution to those.
- The report is based on historical and current market analysis.
- It also mentions the factors affecting the growth of the market.
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