The Soft Services Facilities Management 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 (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Soft Services Facilities Management Global Market Report 2024, The soft services facilities management market size is expected to see strong growth in the next few years. It will grow to $817.28 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%. The growth in the forecast period can be attributed to increased awareness and emphasis on hygiene and cleanliness, growing focus on sustainable practices, rising outsourcing trends, hybrid and remote work models, urbanization, and infrastructure development. Major trends in the forecast period include integration of technology, employee well-being and wellness programs, customized service offerings, integration with hard services, and data-driven decision making.
The high infrastructure development rate is expected to propel the growth of the soft services facilities management market going forward. The infrastructure development rate is rising due to increased government investments and public-private partnerships aimed at boosting economic growth and modernizing urban facilities. Soft services facilities management supports infrastructure development by ensuring the maintenance, cleanliness, security, and overall functionality of construction sites and completed projects. For instance, in November 2023, according to the Office for National Statistics, a UK-based government department, annual construction new orders rose from $92,997 (£72,578) million in 2021 to $103,580 (£80,837) million in 2022, indicating continued growth in the construction sector. Therefore, the increase in the high infrastructure development rate is driving the growth of the soft services facilities management market.
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The soft services facilities management market covered in this report is segmented –
1) By Type: Office Support And Landscaping Services, Cleaning Services, Catering Services, Security Services, Other Soft Facilities Management (FM) Services
2) By Service Type: In-house, Outsourcing
3) By End User: Commercial, Institutional, Public Or Infrastructure, Industrial, Other End Users
Major companies operating in the soft services facility management market are focused on developing innovative solutions, such as Home Services, to offer customers a range of high-quality and cost-effective services to homes. Home services refer to a variety of tasks performed to maintain, repair, and improve residential properties, including cleaning, plumbing, electrical work, and lawn care. For instance, in March 2023, Infracare Facilities Management, a UAE-based management company, launched Infracare Home Services. Infracare Home Services, launched by Infracare Facilities Management, offers comprehensive residential maintenance solutions, including cleaning, plumbing, electrical repairs, and handyman services. Unique features include 24/7 customer support, highly trained professionals, and customizable service packages tailored to individual home needs.
The soft services facilities management market report table of contents includes:
- Executive Summary
- Soft Services Facilities Management Market Characteristics
- Soft Services Facilities Management Market Trends And Strategies
- Soft Services Facilities Management Market – Macro Economic Scenario
- Global Soft Services Facilities Management Market Size and Growth
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- Global Soft Services Facilities Management Market Competitive Dashboard
- Key Mergers And Acquisitions In The Soft Services Facilities Management Market
- Soft Services Facilities Management Market Future Outlook and Potential Analysis
- Appendix
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 Soft Services Facilities Management Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Soft Services Facilities Management Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Soft Services Facilities Management Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
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Table 74: Compass Group Financial Performance
Table 75: CBRE Group Financial Performance
Table 76: Johnson Controls International plc Financial Performance
Table 77: Sodexo S.A Financial Performance
Table 78: Jones Lang LaSalle Incorporated Financial Performance
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