Facility Management Market Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast 2019 t
Global facility management market is predicted to value over US $ 61.13 billion by 2026 end and observe a CAGR of 10.2% during the forecast period of 2019 to 2026. Standardized services and streamlined process are constant demands from organizations aiming to progress beyond conventional facility management. Modern facility management solutions are gaining accelerated adoption due to u2022 rapid technology changes u2022 agility in business functions u2022 digitization of businesses u2022 integrated facility management under one platform u2022 reduction in capital expenditure and focus on core activities u2022 adoption of outsourced services u2022 environmental and regulatory compliance u2022 automation of building asset and space management u2022 expansion in commercial and real estate infrastructure development u2022 changing work culture across organisations The international mergers and acquisition are reckoned to present significant opportunities to the facility management service providers. Also, the rising collaboration of small scale local facility management providers with prominent cross border providers in lieu of wider customer base coverage is fuelling the rapid growth of the global facility management market. Global Facility Management Market Restraints u2022 Presence of unorganized facility management players u2022 Shortage of skilled personnel to handle facility management software and hardware u2022 Rising price competition u2022 Resistance due to the highly adopted comfortable traditional approach u2022 Unavailability of standardization Request a Sample Report @ https://www.futurewiseresearch.com/request-sample.aspx?id=148&page=requestsample Global Facility Management Market, by Solution: Integrated Workplace Management System (IWMS) Operations & Security Management Building Information Modeling (BIM) Property Management Environment Management Global Facility Management Market, by Service: Auditing & Quality Assessment Deployment and Integration Support and Maintenance Consulting Global Facility Management Market, by Deployment Type: Cloud On-premises Cloud-based facilities are widely adopted due to the ease of implementation irrespective of a physical location with a single sign-on, convenient data accessibility and low cost. Hence cloud segment is anticipated to experience strong growth opportunities in the coming years. Global Facility Management Market, by Organization Size: Large Small and Medium Enterprises Large organization require complex asset tracking and space management due to large staff and a higher number of loyal customers as compared to small and medium-sized enterprises. Hence this requirement is to positively impact the growth of large organization size sub-segment in future. Global Facility Management Market, by Vertical: IT and Telecommunication Manufacturing Education Banking, Financial Services, and Insurance Retail Healthcare Energy and Utilities Construction and Real Estate Public sector Others Purchase a Copy & Ask For Discount: https://www.futurewiseresearch.com/request-sample.aspx?id=148&page=askfordiscount Global Facility Management Market, by Region: Europe North America APAC Latin America Rest of World Increased adoption of digital technologies like 3Dprinting, IoT, smart building systems, etc. and high population as compared to limited facility management services in North America makes it a market leader in terms of size and adoption. Europe is considered the second largest place holder with the rise in demand for integrated facilities services, however devaluation of sterling is resulting cheaper market entrantsu2019 investment and poor health of facility management companies is estimated to slow down the growth of the market in Europe, especially in the UK region. Increased adoption of automation and robustly developing infrastructure in the APC region is anticipated to promote swift growth of the market in the coming years. Rest of the world, especially the middle-east with its rising tourism and exploding commercial infrastructure development signals a healthy growth of the market during 2019-2026. Competitive Landscape: Tier 1 players- established companies in the market with a major market share Tier 2 players Emerging players which are growing rapidly New Entrants Future Wise Takeaways Growth prospects SWOT analysis Key trends Key data points affecting market growth Objectives of the Study: To provide with an exhaustive analysis on the global facility management market on the basis of the solution, service, deployment type, organization size, vertical, and region To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints) To evaluate and forecast micro-markets and the overall market To predict the market size, in key regions (along with countries)u2014North America, Europe, Asia Pacific, Latin America, and the Middle East. To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions Profiling of companies to evaluate their market shares, strategies, financials and core competencies Inquire further details about this report at: sales@futurewiseresearch.com About FutureWise Research: We specialise in high-growth niche markets, assuring flexibility, agility and customised solutions for our clients. Through in-depth market insights and consultancy, we present our clients with the tools they need to be at the forefront of their industry u2013 a position secured for far more than the near future. Contact Us: Company Name: FutureWise Research Contact Person: Vinay Thaploo Email: sales@futurewiseresearch.com Phone: 44 141 628 9353 / 1 970 279 4295 City: Leeds Country: United Kingdom Website: www.futurewiseresearch.com
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