United States Facility Management market is anticipated to register a robust CAGR during the forecast period.
Growing interest of governments of several countries in investing in infrastructure development, especially in the construction of railways, ports, airports and many other infrastructures, is boosting the growth of the facilities management software market. Numerous collaborations with some private contractors and various government projects with international players are also expected to boost the market growth. Facilities management is basically divided into two areas: hard facilities management (hard FM) and soft facilities management (soft FM).
Hard facilities management deals with physical assets such as heating and cooling, elevators, and plumbing, while soft facilities management deals with human-performed tasks such as lease accounting, catering, security, groundskeeping, and custodial services. Facility management software helps businesses manage their entire repair and maintenance operations from her web-based panel.
Government projects to propel the demand
As a part of united bid which features United States, Mexico & Canada to jointly host the 2026 Men’s FIFA World Cup. Out of the 16 venues in the North American continent for the world cup, 11 of them lie in the US. None of the stadiums that hosted the 1994 World Cup in the US will be used for the 2026 edition. Moreover, Miami, one of the hosts for the World Cup shall be provided with USD 5 million from Enterprise Florida for preparing the city for the mega event. As investments are set to be in millions of dollars, it is expected to thrive the facility management market in the country.
Download FREE Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=1401
United States will host Summer Olympics 2028 at Los Angeles after winning the bid in the year 2016. It is estimated that the total cost of spending for the games will be around USD 6.9 billion. The government has already started work on transportation projects including Airport Metro Connector connecting the Metro system to the Los Angeles International Airport (LAX) and the Metro D (Purple) Line which will be nearby to the Games Village. The last time Los Angeles hosted the games was in 1984, so the city needs a much new and upgraded infrastructure in comparison to the last time. As Olympic games are expected to have athletes from around 200 countries along with their spectators, demand for facility management is expected to rise during the forecast period.
In the year 2021, US had announced to release a whopping amount of USD 1.2 trillion as a part of its infrastructure package. Under this package, new infrastructure projects and upgradation of the existing ones shall be announced related to airports, metro and rail projects. These new projects are expected to propel the facility management in the forecast period.
Latest Trends in United States Facility Management Market
In the year 2019, CBRE has launched Plans Pro. It is an enterprise Software-as-a-Service (SaaS) Testfit 3D visualization tool that helps large enterprise users make better and faster decisions related to new and existing spaces with custom design criteria. Plans Pro is designed for professional users and can be used across all industries and property types, including office, industrial, retail, and healthcare. Plans Pro offers a wide range of integrated contract-based services, including facility management, project management, transaction management and management consulting.
Increase in Cybercrime
Security concerns related to device and network security are among the factors restraining the market growth. Increased security breaches and growing threats from cybercriminal groups have created skepticism and hindered the growth of the market. at risk of being damaged.
Recent Developments
- In the year 2021, CBRE Group, Inc. announced the acquisition of Turner & Townsend Holdings Limited wherein CBRE has acquired a 60% ownership interest. Turner & Townsend provides program management, cost consultancy, project management and advisory consulting services for clients in 46 countries.
- SOS International received a potential 5 year and USD17.9 million contract from US Central Command to maintain and maintain secure facilities at McDill Air Force Base and Al-Udeid Air Base in Tampa, Florida.
Market Segmentation
United States Facility Management market is segmented on the basis of service, end user, type, industry, and sectors. Based on service, the market is further fragmented into property, cleaning, security, support, catering & others. Based on end user, the market is further split into commercial, residential and industrial. Based on type, the market is further bifurcated into hard services and soft services. Based on Industry, the market is segmented into organized and unorganized. Based on sectors, the market is segmented into education, healthcare, real estate, banking, hospitality, housing, and others.
Market players
Major market players in the United States Facility Management market are CBRE Group, Inc., Cushman & Wakefield plc, Sodexo, Inc., Jones Lang LaSalle Incorporated, Emeric Facility Services, ISS Facility Services, Inc., Guardian Service Industries, Inc., SMI Facility Services, Shine Management & Facility Services, and AHI Facility Services, Inc.
| Attribute | Details |
| Base Year | 2022 |
| Historic Data | 2018– 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million and CAGR for 2018-2022 and 2023-2028 |
| Report coverage | Revenue forecast, company share, growth factors, and trends |
| Segments covered | Service
Type Industry End User Sectors |
| Regional scope | South, West, Mid-West, North-East |
| Key companies profiled | CBRE Group,Inc., Cushman & Wakefield plc, Sodexo, Inc., Jones Lang LaSalle Incorporated, Emeric Facility Services, ISS Facility Services, Inc., Guardian Service Industries, Inc., SMI Facility Services, Shine Management & Facility Services, AHI Facility Services, Inc. |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Report Scope:
In this report, United States Facility Management Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
- United States Facility Management Market, By Service:
o Property
o Cleaning
o Security
o Support
o Catering
o Others
- United States Facility Management Market, By Type:
o Hard Services
o Soft Services
- United States Facility Management Market, By Industry:
o Organized
o Unorganized
- United States Facility Management Market, By End User:
o Commercial
o Residential
o Industrial
o Public Sector
- United States Facility Management Market, By Sectors:
o Education
o Healthcare
o Real Estate
o Banking
o Hospitality
o Housing
o Others
- United States Facility Management Market, By Region:
o South
o West
o Mid-West
o North-East
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the United States Facility Management market.
Available Customizations:
With the given market data, Tech Sci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players.
Related Reports
[2028] India Construction Market Future, Outlook, Outlook, Segments
[2028] Indoor Flooring Market Update, Overview, Data, Forecast
Table of Content-United States Facility Management Market
- Service Overview
- Research Methodology
- Executive Summary
- Impact of COVID-19 United States Facility Management Market
- Voice of Customers
5.1. Overall Brand Awareness Level
5.2. Brand Awareness Level wrt Availability
5.3. Brand Awareness Level wrt Mode of Distribution
5.4. Brand Awareness Level wrt Pricing
5.5. Brand Awareness Level wrt Sales Service
- United States Facility Management Market Overview
6.1. Industry Structure & Stakeholders
6.2. Porter’s Five Force Analysis
6.3. Assumption & Rationale for United States Facility Management Market
6.4. Market Size & Forecast
6.4.1. By Value
6.5. Market Share & Forecast
6.5.1. By Service (Property, Cleaning, Security, Support, Catering & Others)
6.5.2. By Type (Hard Services and Soft Services)
6.5.3. By Industry (Organized and Unorganized)
6.5.4. By End User (Commercial, Residential, Industrial and Public Sector)
6.5.5. By Sectors (Education, Healthcare, Real Estate, Banking, Hospitality, Housing, Others)
6.5.6. By Region
6.5.7. By Company
6.6. United States Facility Management Market Map
- United States Property Management Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Type
7.2.2. By Industry
7.2.3. By End User
7.2.4. By Region
- United States Cleaning Management Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Type
8.2.2. By Industry
8.2.3. By End User
8.2.4. By Region
- United States Security Management Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Type
9.2.2. By Industry
9.2.3. By End User
9.2.4. By Region
- United States Support ManagementMarket Outlook
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Type
10.2.2. By Industry
10.2.3. By End User
10.2.4. By Region
- United States Catering ManagementMarket Outlook
11.1. Market Size & Forecast
11.1.1. By Value
11.2. Market Share & Forecast
11.2.1. By Type
11.2.2. By Industry
11.2.3. By End User
11.2.4. By Region
- Price Point Analysis (Cost of Spending in United States)
12.1. Plumbing
12.2. Painting
12.3. AC Service
12.4. Electrical Service
12.5. Pest Control
12.6. Masonry Service
- Market Dynamics
13.1. Drivers
13.1.1. Preparation for 2026 FIFA World Cup
13.1.2. 2028 Summer Olympics
13.1.3. Infrastructural Package
13.2. Challenges
13.2.1. Increase in Cybercrime
- Market Trends & Developments
- Policy and Regulatory Landscape
15.1. Historical Evolution of Regulation
15.2. Current Guidelines
15.3. Licensing / Certification Requirements
