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According to the latest report by IMARC Group, the global facility management market size reached a value of US$ 48.9 Billion in 2020.<br>Facility management (FM) is a type of organizational operation that requires the coordination of the workplace, people and process within the built environment. It aims to improve the productivity and quality of life of the people who exist in the core business.
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Global Facility Management Market Research Report and Forecast 2021-2026 Author: Elena Anderson, Marketing Manager | Copyright © IMARC Service Pvt Ltd. All Rights Reserved IMARC Group © 2019 IMARC All Rights Reserved
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Report Description and Highlights Report Description Global Facility Management Market Outlook 2026: According to the latest report by IMARC Group, titled “Facility Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global facility management market size reached a value of US$ 48.9 Billion in 2020. Facility management (FM) is a type of organizational operation that requires the coordination of the workplace, people and process within the built environment. It aims to improve the productivity and quality of life of the people who exist in the core business. There are different types of facilities that are covered under FM, such as auto shops, hospitals, retail establishments, office buildings, grocery stores, hospitals, sports complexes, hotels and other government or revenue-generating institutions. A facility manager works toward integrating business architecture, administration, and engineering and behavioral sciences. Some of the responsibilities that are typically associated with FM include property or building management, space planning and accounting, records management, janitorial services, security, and telecommunications and information systems.
Report Description and Highlights Report Description Global Facility Management Market Trends: Over the past few years, companies across the globe have started outsourcing FM services. The popularity of this model has attracted several new entrants in the market that provide advanced solutions to businesses. Besides this, the advent of artificial intelligence (AI)- and internet of things (IoT)-driven technologies has enabled industry players to shift from tactical, traditional facilities management to a predictive, smarter management experience. One of these advanced solutions includes the blockchain technology, which has enabled companies to offer greater transparency as well as effectively track maintenance and service visits from contractors. Other than this, regulatory bodies from around the world have been undertaking initiatives to promote FM in start-ups. Request for a free sample report: https://www.imarcgroup.com/facility-management- market/requestsample
Report Description Report Description and Highlights For instance the Australia-based organization for facilities management, Facility Management Association, introduced the Indigenous Engagement Strategy. The initiative aims to support indigenous businesses and offer career opportunities for the peoples of Aboriginal and Torres Strait Islander. Market Summary: Breakup by Solution: • Integrated workplace management system • Facility operations and security management • Building information modeling • Facility property management • Facility environment management Breakup by Service: • Deployment and integration • Auditing and quality assessment • Support and maintenance • Consulting • Service level agreement management
Report Description Report Description and Highlights Breakup by Size: • • • Small enterprises Medium enterprises Large enterprises Breakup by Deployment Type: • on-premises • cloud Breakup by Vertical Type: • Banking • Financial services • Insurance • IT and telecom • Government and public administration • Healthcare • Education • Retail • Energy and utilities • Others
Report Description and Highlights Report Description Breakup by Region: • North America • Europe • Asia Pacific • Latin America • Middle East and Africa Looking forward, the market value is projected to reach a strong growth during the forecast period (2021-2026).
Report Description and Highlights Report Description Competitive Landscape With Keyplayer: • International Business Machines Corporation (IBM) • Oracle Corporation (Oracle) • Trimble Inc. • Computer Associates International Inc. • SAP SE • ARCHIBUS Inc • Accruent LLC • Maintenance Connection Inc • MCS Solutions • Planon International B.V. • iOFFICE, LLC • JadeTrack LLC • MetricStream Inc. • Facilities Management eXpress LLC. View Report TOC, Figures and Tables : https://www.imarcgroup.com/facility-management-market
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